“We see exceptional growth opportunities across all of Kinder Morgan Energy Partners’ (KMP) business segments, including the need to build more midstream infrastructure to move or store oil, gas and liquids from the prolific shale plays in the U.S. and the oil sands in Alberta, along with increasing demand for export coal and CO2,” said Richard Kinder, Kinder Morgan’s CEO.

Over $625 million of the equity required for this investment program is expected to be funded by Kinder Morgan Management LLC dividends.

KMP’ expectations assume an average West Texas Intermediate (WTI) crude oil price of approximately $91.68/bbl in 2013, which approximated the forward curve at the time this budget was prepared.

The overwhelming majority of cash generated by KMP’s assets is fee based and is not sensitive to commodity prices.

In its CO2 segment, the company hedges the majority of its oil production, but does have exposure to unhedged volumes, a significant portion of which are natural gas liquids.

For 2013, the company expects that every $1 change in the average WTI crude oil price per barrel will impact the CO2 segment by approximately $8 million, or approximately 0.15% of KMP’s combined business segments’ anticipated segment earnings before depreciation, depletion and amortization (DD&A).

El Paso Pipeline Partners (EPB) expects to declare cash distributions of $2.55 per unit for 2013, a 13% increase over its 2012 expected distribution of $2.25 per unit.

EPB’s 2013 budget includes the expected purchase (dropdown) of 50% of Gulf LNG from KMI.

EPB’s growth is expected to be driven by its stable, regulated natural gas pipeline and storage assets, its LNG businesses and incremental cost and growth synergies related to Kinder Morgna Inc.’s purchase of El Paso.

In 2013, EPB expects to generate earnings before DD&A of $1.22 billion (adding back EPB’s share of joint venture DD&A), an increase of over $50 million compared to 2012.

EPB expects to produce excess cash flow of more than $25 million above the 2013 distribution target of $2.55.

The boards of directors will review and approve the 2013 Kinder Morgan budgets at the January board meeting and the budgets will be discussed in detail during the company’s annual analyst meeting on Jan. 30, 2013, in Houston.