Kinder Morgan Financial Measures and CO2 Segment Analysis
$1,225 million Acquisition of Northeast Transport & Storage Assets
Enhancing our service to Northeast customers with complementary assets connected to TGP
KMI acquired Stagecoach Gas Services
~10x 2020 EBITDA before synergies
Immediately accretive, primarily paid with cash on hand
Transaction closed in 3Q 2021(a)
Twin Tier pipeline expected to close in 4Q 2021
FERC-regulated natural gas transport & storage in NY & PA
~41 bcf of FERC-certificated capacity across 4 storage facilities
~3 bcfd of aggregate capacity across 185 miles of transportation
pipelines
Multiple interconnects to major interstate natural gas pipelines including
TGP, Transco, Millennium, Dominion
Stable, fee-based infrastructure
FERC-regulated assets
Highly contracted with ~80% take-or-pay (b)
Dominion
Dominion
Dominion
Steuben
TGP
Dominion
Dominion
TGP
Thomas Corners
Transco
New York
Seneca Lake
TGP
Pennsylvania
Dominion
Millennium
KINDER MORGAN
Marc I
Twin Tier
North/
South
Stagecoach-
Average contract tenor ~3 years
Anchored by major Northeast utilities and Marcellus producers
Dominion
Market based rates for storage facilities
Transco
Responsive storage is
Helps backstop growing
increasingly important: renewable power generation
Helps meet critical needs in
extreme weather
a) Vast majority of assets closed in 3Q 2021, with remaining Twin Tier pipeline ($30 million) expected to close in 4Q 2021
b) Based on FY 2021 forecast.
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