Debt (Tables)

12 Months Ended

Dec. 31, 2011

Long-Term Debt

Our outstanding long-term debt, excluding the value of interest rate swaps, as of December 31, 2011 and 2010 was $11,159.5 million and $10,277.4 million, respectively. The balances consisted of the following (in millions):

	December 31,
	2011			2010
Kinder Morgan Energy Partners, L.P. borrowings:
6.75% senior notes due March 15, 2011	$	-		$	700.0
7.125% senior notes due March 15, 2012		450.0			450.0
5.85% senior notes due September 15, 2012		500.0			500.0
5.00% senior notes due December 15, 2013		500.0			500.0
5.125% senior notes due November 15, 2014		500.0			500.0
5.625% senior notes due February 15, 2015		300.0			300.0
3.50% senior notes due March 1, 2016		500.0			-
6.00% senior notes due February 1, 2017		600.0			600.0
5.95% senior notes due February 15, 2018		975.0			975.0
9.00% senior notes due February 1, 2019(a)		500.0			500.0
6.85% senior notes due February 15, 2020		700.0			700.0
5.30% senior notes due September 15, 2020		600.0			600.0
5.80% senior notes due March 1, 2021		400.0			400.0
4.15% senior notes due March 1, 2022		375.0			-
7.40% senior notes due March 15, 2031		300.0			300.0
7.75% senior notes due March 15, 2032		300.0			300.0
7.30% senior notes due August 15, 2033		500.0			500.0
5.80% senior notes due March 15, 2035		500.0			500.0
6.50% senior notes due February 1, 2037		400.0			400.0
6.95% senior notes due January 15, 2038		1,175.0			1,175.0
6.50% senior notes due September 1, 2039		600.0			600.0
6.55% senior notes due September 15, 2040		400.0			400.0
6.375% senior notes due March 1, 2041		600.0			-
5.625% senior notes due September 1, 2041		375.0			-
Commercial paper borrowings		644.8			522.1
Subsidiary borrowings:
Kinder Morgan Operating L.P. "A"-5.40% BP note, due March 31, 2012		5.2			10.2
Kinder Morgan Canada Company-5.40% BP note, due March 31, 2012		4.7			9.0
Kinder Morgan Texas Pipeline, L.P.-5.23% senior notes, due January 2, 2014		16.4			23.6
Kinder Morgan Arrow Terminals L.P.-6.0% note due March 28, 2014		2.1			-
Kinder Morgan Liquids Terminals LLC-N.J. Development Revenue Bonds due Jan. 15, 2018		25.0			25.0
Kinder Morgan Columbus LLC-5.50% MS Development Revenue note due Sept. 1, 2022		8.2			8.2
Kinder Morgan Operating L.P. "B"-Jackson-Union Cos. IL Revenue Bonds due April 1, 2024		23.7			23.7
International Marine Terminals-Plaquemines, LA Revenue Bonds due March 15, 2025		40.0			40.0
Other miscellaneous subsidiary debt		1.2			1.3
Unamortized debt discount on senior notes		(24.0	)		(23.3	)
Current portion of long-term debt		(1,637.8	)		(1,262.4	)
Total long-term debt	$	11,159.5		$	10,277.4

__________

(a)

We issued our $500 million in principal amount of 9.00% senior notes due February 1, 2019 in December 2008. Each holder of the notes has the right to require us to repurchase all or a portion of the notes owned by such holder on February 1, 2012 at a purchase price equal to 100% of the principal amount of the notes tendered by the holder plus accrued and unpaid interest to, but excluding, the repurchase date. On and after February 1, 2012, interest will cease to accrue on the notes tendered for repayment. A holder's exercise of the repurchase option is irrevocable. For more information about these senior notes, see "-Subsequent Event" below.

Maturities of debt

Maturities of Debt

The scheduled maturities of our outstanding debt, excluding the value of interest rate swaps, as of December 31, 2011, are summarized as follows (in millions):

Year	Commitment
2012	$	1,637.8
2013		508.2
2014		501.3
2015		299.9
2016		499.9
Thereafter		9,350.2
Total	$	12,797.3