1. Jeff Rawls Vice President, Business Development West Region Gas Pipelines August 30, 2005 Wyoming Pipeline Authority

2. 2 2 2 4 8 2 2 2 2 KMCO 2 PACIFICCOCHIN PACIFIC CALNEV NORTH PLANTATION CFPL KMIGT KMTP KM TEJAS 2 NGPL 3 2 2 2 2 2 Kinder Morgan Headquarters Houston, Texas CO 2 Pipelines Terminals Products Pipelines Products Pipeline Terminals Transmix Facilities Natural Gas Pipelines Natural Gas Storage Natural Gas Plants Indicates # of Facilities (2,3,8)(2,3,8) KMP NGPL NGPL Storage Natural Gas Pipelines Natural Gas Storage Gas-Fired Power Plants Retail Natural Gas Division KMI

3. The Obvious - Issues Production is Growing in Rockies

4. The Obvious - Issues Production is growing in Rockies Recent Expansion out of Rockies have moved bottle necks

5. The Obvious - Issues Production is growing in Rockies Recent Expansion out of Rockies have moved bottle necks LNG “is” happening

6. The Obvious - Issues Production is growing in Rockies Recent Expansion out of Rockies have moved bottle necks LNG “is” happening Rate Stacking & Fuel are material

7. The Obvious - Solution Don’t Fight LNG Access Demand Directly Build Big

8. “A Picture is Worth a 1000 Words” Source: EIA GasTran Gas Transport, 2003 Limited Take Away Capacity From Rockies Forward Mid-Continent and SoCal Basis are trending out West to East Pipeline LNG LNG LNG ~ 3 Bcfd 2003 – 2005 2007 SoCal ($.36) ($.48) 2003 – 2005 2007 MidCont ($.43) ($.57) 2003 – 2005 2007 TranZn6 $.99 $1.39

9. Project Proposal West to East Pipeline MEEKER OPAL KANDA CHEYENNE WAMSUTTER LEBANON LEIDY MULLET TUSCOLA BLANCO PROPOSED PIPELINE-WAMSUTTER/MULLET PROPOSED PIPELINE-MEEKER/WAMSUTTER POTENTIAL PIPELINE PROPOSED INTERCONNECTS NGPL TRANSCOLORADO HUB

10. KMWE Pipeline Overview 42-inch 1500 mile pipeline from Wamsutter to Eastern Ohio 2 Bcfd of long-haul capacity Over 40 interconnects along the way Optional supply and market extensions considered separately (Opal / Greasewood / Leidy, Penn.)

11. Value Proposition - Producers Underlying value is key (wellhead pricing would go up, basis volatility down) PV-10 Reserve value to producers are material with just 25 cents basis change Access to Markets – over 20 Bcfd of LDC load and 1.5 Tcf of storage Extrinsic value of 40 Interconnects and market based storage is real

12. Kinder Morgan Contacts Lakewood, CO Jeff Rawls: 303-914-4903 Mike Smith: 303-763-3484 Lombard, IL Frank Strong: 630-691-3790