Exhibit 12.1

KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES

EXHIBIT 12.1 – STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars In millions except ratio amounts)

	Year Ended December 31,
	2011			2010			2009			2008			2007
Earnings:
Pre-tax income from continuing operations before cumulative effect of a change in accounting principle and before adjustment for noncontrolling interests and equity earnings (including amortization of excess cost of equity investments) per statements of income	$	894.5		$	996.6		$	1,004.4		$	1,028.3		$	271.2
Add:
Fixed charges		595.0			541.5			482.8			467.2			444.7
Amortization of capitalized interest		4.4			4.0			3.8			3.0			2.0
Distributed income of equity investees		199.9			132.2			85.7			75.1			101.6
Less:
Interest capitalized from continuing operations		(14.5	)		(12.5	)		(32.9	)		(48.6	)		(31.4	)
Noncontrolling interest in pre-tax income of subsidiaries with no fixed charges		(0.5	)		(0.4	)		(0.2	)		(0.3	)		(0.5	)
Income as adjusted	$	1,678.8		$	1,661.4		$	1,543.6		$	1,524.7		$	787.6
Fixed charges:
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)		548.4			520.1			464.4			446.8			428.5
Add:
Portion of rents representative of the interest factor		46.6			21.4			18.4			20.4			16.2
Fixed charges	$	595.0		$	541.5		$	482.8		$	467.2		$	444.7
Ratio of earnings to fixed charges		2.82			3.07			3.20			3.26			1.77