EX-12 4 km-ex12toform10q_7838601.htm EXHIBIT 12

KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES

EXHIBIT 12 – STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars In Millions Except Ratio Amounts)

 

 

 

 

Nine Months Ended

 

Nine Months Ended

 

 

 

September 30, 2007

 

September 30, 2006

 

Earnings:

 

 

 

 

 

 

 

Pre-tax income from continuing operations before adjustment for minority interest and equity earnings (including amortization of excess cost of equity investments) per statements of income

 

$

269.6

 

$

704.9

 

Add:

 

 

 

 

 

 

 

Fixed charges Services

 

 

328.7

 

 

286.4

 

Amortization of capitalized interest

 

 

1.0

 

 

1.0

 

Distributed income of equity investees

 

 

86.3

 

 

54.7

 

Less:

 

 

 

 

 

 

 

Interest capitalized from continuing operations

 

 

(21.8

)

 

(16.2

)

Minority interest in pre-tax income of subsidiaries with no fixed charges

 

 

(0.4

)

 

(0.4

)

Income as adjusted

 

$

663.4

 

$

1,030.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)

 

$

316.2

 

$

272.7

 

Add:

 

 

 

 

 

 

 

Portion of rents representative of the interest factor Services

 

 

12.5

 

 

13.7

 

Fixed charges

 

$

328.7

 

$

286.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

2.02

 

 

3.60