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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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o
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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A.
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Full title of the plan and the address of the plan, if different from that of the issuer named below:
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B.
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Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
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Pages
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Report of Independent Registered Public Accounting Firm
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1
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Financial Statements:
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Statements of Net Assets Available for Benefits as of December 31, 2010 and 2009
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2
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Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2010
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3
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Notes to Financial Statements
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4 – 12
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Supplemental Schedule*:
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Schedule H, Part IV, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2010
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13
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Signature Page
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14
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*
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Other schedules required by Section 2520.103-10 of the Department of Labor Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.
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December 31,
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||||||||
2010
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2009
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Assets
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Investments, at fair value (See Notes 2, 3 and 4)
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$ | 774,704,615 | $ | 661,236,802 | ||||
Notes receivable from participants
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22,523,982 | 19,901,130 | ||||||
Net assets available for benefits at fair value
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797,228,597 | 681,137,932 | ||||||
Adjustment from fair value to contract value for interest in collective trust relating to fully benefit-responsive investment contracts
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(6,051,209 | ) | (4,445,277 | ) | ||||
Net assets available for benefits
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$ | 791,177,388 | $ | 676,692,655 |
Year Ended
December 31, 2010
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Additions to net assets attributable to:
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Investment income (loss)
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Interest income
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$ | 572,632 | ||
Dividend income
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11,662,119 | |||
Net appreciation in fair value of investments (See Note 3)
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71,641,012 | |||
Other, net
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(7,505 | ) | ||
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Total investment income
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83,868,258 | |||
Interest income on notes receivable from participants
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961,261 | |||
Contributions
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Participant contributions
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39,183,024 | |||
Employer contributions
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20,644,900 | |||
Rollovers
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3,611,040 | |||
Total contributions
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63,438,964 | |||
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Total income and contributions
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148,268,483 | |||
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Deductions from net assets attributed to
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Benefits paid to participants
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33,280,709 | |||
Administrative fees
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503,041 | |||
Total deductions
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33,783,750 | |||
Net increase in net assets available for benefits
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114,484,733 | |||
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Net assets available for benefits
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Beginning of year
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676,692,655 | |||
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End of year
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$ | 791,177,388 |
Kinder Morgan, Inc. Savings Plan
Notes to Financial Statements
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Kinder Morgan, Inc. Savings Plan
Notes to Financial Statements
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Kinder Morgan, Inc. Savings Plan
Notes to Financial Statements
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Kinder Morgan, Inc. Savings Plan
Notes to Financial Statements
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Kinder Morgan, Inc. Savings Plan
Notes to Financial Statements
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December 31,
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2010
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2009
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Putnam Stable Value Fund
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$ | 111,774,208 | $ | 107,219,162 | ||||
American EuroPacific Growth Fund
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64,966,683 | 60,747,946 | ||||||
State Street Global Target Retirement 2020 Fund
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56,782,813 | 51,515,983 | ||||||
State Street Global Target S&P 500 Flagship Fund
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49,998,866 | 39,184,714 | ||||||
State Street Global Target Retirement 2025 Fund
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48,186,612 | 43,558,744 | ||||||
American Funds Growth Fund of America
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44,728,997 | 47,551,089 | ||||||
Vanguard Total Bond Market Index Fund
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44,124,934 | * | ||||||
State Street Global Target Retirement 2015 Fund
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* | 38,205,689 | ||||||
Investments less than 5%
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354,141,502 | 273,253,475 | ||||||
Total investments at fair value
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774,704,615 | 661,236,802 | ||||||
Notes receivable from participants
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22,523,982 | 19,901,130 | ||||||
Adjustment from fair value to contract value for interest in collective trust relating to fully benefit-responsive investment contracts
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(6,051,209 | ) | (4,445,277 | ) | ||||
Net assets available for benefits
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$ | 791,177,388 | $ | 676,692,655 |
Year Ended
December 31, 2010
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Common collective trusts
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$ | 39,312,979 | ||
Registered investment companies (mutual funds)
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30,083,738 | |||
Self-directed brokerage accounts
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1,796,931 | |||
Common stocks
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447,991 | |||
$ | 71,641,639 |
Kinder Morgan, Inc. Savings Plan
Notes to Financial Statements
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Level 1
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Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access at the measurement date.
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Level 2
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Inputs to the valuation methodology include:
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·
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Quoted prices for similar assets or liabilities in active markets;
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Quoted prices for identical or similar assets or liabilities in inactive markets;
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Inputs other than quoted prices that are observable for the asset or liability; and
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Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
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Level 3
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Unobservable inputs for the asset or liability. These unobservable inputs reflect the entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability, and are developed based on the best information available in the circumstances (which might include the reporting entity’s own data).
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Kinder Morgan, Inc. Savings Plan
Notes to Financial Statements
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Assets at Fair Value as of December 31, 2010
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Level 1
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Level 2
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Level 3
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Total
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Common stocks
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$
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4,526,193
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$
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$
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$
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4,526,193
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Registered investment companies (mutual funds)
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Growth funds
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167,736,485
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167,736,485
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Value funds
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47,733,779
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47,733,779
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Index funds
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64,097,564
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64,097,564
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Fixed income funds
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34,571,283
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34,571,283
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Common collective trusts
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433,491,967
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433,491,967
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Money market funds
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6,126,647
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6,126,647
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Insurance contracts
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524,444
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524,444
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Self-directed brokerage accounts
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15,896,253
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15,896,253
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$
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334,561,557
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$
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439,618,614
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$
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524,444
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$
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774,704,615
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Assets at Fair Value as of December 31, 2009
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Level 1
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Level 2
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Level 3
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Total
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Common stocks
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$
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4,380,502
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$
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$
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$
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4,380,502
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Registered investment companies (mutual funds)
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Growth funds
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151,181,042
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151,181,042
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Value funds
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45,985,796
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45,985,796
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Index funds
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42,137,913
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42,137,913
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Fixed income funds
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29,676,789
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29,676,789
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Common collective trusts
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368,281,955
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368,281,955
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Money market funds
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4,942,421
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4,942,421
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Insurance contracts
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550,436
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550,436
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Self-directed brokerage accounts
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14,099,948
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14,099,948
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$
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287,461,990
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$
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373,224,376
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$
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550,436
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$
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661,236,802
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Kinder Morgan, Inc. Savings Plan
Notes to Financial Statements
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Insurance Contract
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Balance at January 1, 2010
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$ | 550,436 | ||
Insurance contract rate adjustment
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(8,683 | ) | ||
Distributions
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(17,309 | ) | ||
Balance at December 31, 2010
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$ | 524,444 |
Kinder Morgan, Inc. Savings Plan
Notes to Financial Statements
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December 31,
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2010
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2009
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Net assets available for benefits per the financial statements
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$ | 791,177,388 | $ | 676,692,655 | ||||
Deemed distributions of participant loans
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(1,226,788 | ) | (944,945 | ) | ||||
Net assets available for benefits per Form 5500
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$ | 789,950,600 | $ | 675,747,710 |
Year Ended
December 31,
2010
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Net increase in net assets available for benefits per the financial statements
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$ | 114,484,733 | ||
Change in deemed distributions of participant loans
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(281,843 | ) | ||
Net increase in net assets available for benefits per Form 5500
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$ | 114,202,890 |
(a)
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(b) Identity of Issue, Borrower, Lessor or
Similar Party
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(c) Description of Investment
Including Maturity Date, Rate
of Interest, Collateral, Par or
Maturity Value
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(e) Current
Value***
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Putnam Stable Value Fund
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Common Collective Trust
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$
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111,774,208
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**
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American EuroPacific Growth Fund
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Registered Investment Company
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64,966,683
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**
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State Street Global Target Retirement 2020 Fund
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Common Collective Trust
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56,782,813
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**
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State Street Global Advisors S&P 500 Flagship Fund
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Common Collective Trust
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49,998,866
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**
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State Street Global Target Retirement 2025 Fund
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Common Collective Trust
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48,186,612
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**
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American Funds Growth Fund of America
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Registered Investment Company
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44,728,997
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**
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Vanguard Total Bond Market Index Fund
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Registered Investment Company
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44,124,934
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**
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State Street Global Target Retirement 2015 Fund
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Common Collective Trust
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39,282,530
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Pimco Total Return
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Registered Investment Company
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34,571,283
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Diamond Hill Large Cap Value I
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Registered Investment Company
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28,284,092
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State Street Global Target Retirement 2030 Fund
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Common Collective Trust
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25,197,274
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Artisan Mid Cap Fund
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Registered Investment Company
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24,220,409
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State Street Global Target Retirement 2010 Fund
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Common Collective Trust
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23,090,575
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Royce Low-Priced Stock Fund
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Registered Investment Company
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19,976,725
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Vanguard Small Cap Index Fund
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Registered Investment Company
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19,972,630
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Artisan Mid Cap Value Fund
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Registered Investment Company
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19,449,687
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State Street Global Advisors Global Equity EX US Index Non-lending Series
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Common Collective Trust
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17,749,317
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State Street Global Target Retirement 2035 Fund
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Common Collective Trust
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16,716,683
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Self-Directed Brokerage Account
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Self-Directed Brokerage Account
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15,896,253
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Harbor Small Cap Growth Fund
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Registered Investment Company
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13,843,671
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State Street Global Target Retirement Income Fund
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Common Collective Trust
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13,183,486
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State Street Global Target Retirement 2040 Fund
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Common Collective Trust
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12,618,660
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State Street Global Target Retirement 2045 Fund
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Common Collective Trust
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12,415,773
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Federated Money Market Obligation Trust
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Money Market Fund
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6,126,647
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State Street Global Target Retirement 2050 Fund
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Common Collective Trust
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3,339,663
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State Street Global Advisors S&P Mid Cap Index Non-lending Series Fund
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Common Collective Trust
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3,155,507
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Exxon Mobil Corporation Common Stock
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Common Stock
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2,966,842
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ChevronTexaco Corporation Common Stock
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Common Stock
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1,559,351
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Principal Financial Group
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Insurance Contract
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524,444
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* |
Notes receivable from participants
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Notes receivable from participants with maturities ranging from 0 - 11 years and interest rates ranging from 3.25% to 10.0%
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22,523,982
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Total
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$
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797,228,597
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KINDER MORGAN, INC. SAVINGS PLAN
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Dated: June 30, 2011
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By:
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/s/ Joseph Listengart
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Joseph Listengart
Vice President and General Counsel
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Exhibit Number
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Description
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23.1
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Consent of Independent Registered Public Accounting Firm dated June 30, 2011
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