Kinder Morgan Energy Partners L P 10-Q 2007 Q2 Quarterly report

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)

	Six Months Ended			Six Months Ended
	June 30, 2007			June 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	$	66.9		$	484.8
Add:
Fixed charges Services		211.3			188.2
Amortization of capitalized interest		1.0			1.0
Distributed income of equity investees		67.3			43.4
Less:
Interest capitalized from continuing operations		(12.6	)		(14.4	)
Minority interest in pre-tax income of subsidiaries with no fixed charges		(0.2	)		(0.2	)
Income as adjusted	$	333.7		$	702.8
Fixed charges: Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)	$	203.1		$	179.3
Add:
Portion of rents representative of the interest factor Services		8.2			8.9
Fixed charges	$	211.3		$	188.2
Ratio of earnings to fixed charges		1.58			3.73