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)

	Year Ended December 31,
	2008			2007			2006			2005			2004
Earnings:
Pre-tax income from continuing operations before
cumulative effect of a change in accounting principle
and before adjustment for minority interest and equity
earnings (including amortization of excess cost of
equity investments) per statements of income	$	1,182.5		$	430.5		$	965.8		$	760.1		$	769.6
Add:
Fixed charges		467.4			444.8			383.7			293.8			215.5
Amortization of capitalized interest		3.0			2.0			1.3			0.8			0.6
Distributed income of equity investees		158.0			101.6			66.3			61.1			63.9
Less:
Interest capitalized from continuing operations		(48.6	)		(31.4	)		(20.3	)		(9.8	)		(6.3	)
Minority interest in pre-tax income of subsidiaries		(0.3	)		(0.5	)		(0.5	)		(0.4	)		(0.1	)
with no fixed charges
Income as adjusted	$	1,762.0		$	947.0		$	1,396.3		$	1,105.6		$	1,043.2
Fixed charges:	$	446.8		$	428.5		$	365.8		$	278.2		$	202.5
Interest and debt expense, net per statements of
income (includes amortization of debt discount,
premium, and debt issuance costs; excludes
capitalized interest)
Add:
Portion of rents representative of the interest factor		20.6			16.3			17.9			15.6			13.0
Fixed charges	$	467.4		$	444.8		$	383.7		$	293.8		$	215.5
Ratio of earnings to fixed charges		3.77			2.13			3.64			3.76			4.84