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Press release from Business Wire

Copano Energy, L.L.C. and Copano Energy Finance Corporation Announce Partial Redemption of 7.125% Senior Notes Due 2021

Monday, August 05, 2013

Copano Energy, L.L.C. and Copano Energy Finance Corporation Announce Partial Redemption of 7.125% Senior Notes Due 2021

12:40 EDT Monday, August 05, 2013

HOUSTON (Business Wire) -- Copano Energy, L.L.C. (the Company) announced today that it and its wholly owned subsidiary Copano Energy Finance Corporation (together, the Issuers) will redeem for cash $178,500,000 aggregate principal amount of their outstanding 7.125% Senior Notes due 2021 (CUSIP No. 217203AE8) (the Notes), $510,000,000 aggregate principal amount of which are outstanding as of Aug. 5, 2013. The redemption date will be Sept. 4, 2013 (the Redemption Date).

The Notes are being called for redemption pursuant to the provisions of the indenture relating to the Notes, which provisions allow the Issuers to redeem up to 35 percent of the aggregate principal amount of the Notes with the net cash proceeds of one or more Equity Offerings (as defined in the indenture relating to the Notes) by the Company. On Aug. 5, 2013, the Company and Kinder Morgan Energy Partners, L.P. (Kinder Morgan) entered into a membership interest purchase agreement pursuant to which the Company will offer and sell to Kinder Morgan additional membership units representing membership interests of the Company for a purchase price equal to or greater than the aggregate Redemption Payment described below (the Equity Offering), which Equity Offering will be consummated on or prior to the Redemption Date.

The Issuers will pay a redemption price of $1,071.25 per $1,000 principal amount of the Notes, plus any accrued and unpaid interest to Sept. 4, 2013 (the Redemption Payment).

A notice of partial redemption is being sent to all currently registered holders of the Notes by the trustee, U.S. Bank National Association. Copies of the notice of partial redemption and additional information relating to the procedure for redemption may be obtained from U.S. Bank National Association by calling 1 (800) 934-6802 (toll free).

Payment of the Redemption Payment will be made on or after Sept. 4, 2013, upon presentation and surrender of the Notes by mail to U.S. Bank National Association, Corporate Trust Services, P.O. Box 64111, St. Paul, Minnesota 55164-0111 or by hand or express delivery to U.S. Bank National Association, Corporate Trust Services, 60 Livingston Avenue, 1st Floor – Bond Drop Window, St. Paul, Minnesota 55107. Unless the Issuers default in making the Redemption Payment, interest on the Notes (or portion thereof) called for redemption will cease to accrue on and after the Redemption Date and the only remaining right of the holders thereof is to receive the Redemption Payment upon surrender to U.S. Bank National Association of the Notes.

Copano Energy, L.L.C. is a wholly owned subsidiary of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), a leading pipeline transportation and energy storage company and one of the largest publicly traded pipeline limited partnerships in America. It owns an interest in or operates approximately 54,000 miles of pipelines and 180 terminals. The general partner of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI). Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $115 billion. It owns an interest in or operates approximately 82,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. KMI owns the general partner interests of KMP and El Paso Pipeline Partners, L.P. (NYSE: EPB), along with limited partner interests in KMP and EPB and shares of Kinder Morgan Management, LLC (NYSE: KMR). For more information please visit www.kindermorgan.com.

This news release includes forward-looking statements. These forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although Kinder Morgan believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include those enumerated in Kinder Morgan's reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, Kinder Morgan undertakes no obligation to update or review any forward-looking statement because of new information, future events or other factors. Because of these uncertainties, readers should not place undue reliance on these forward-looking statements.

Kinder Morgan Energy Partners, L.P.
Media Relations
Emily Mir, (713) 369-8060
emily_mir@kindermorgan.com
or
Investor Relations
(713) 369-9490
km_IR@kindermorgan.com
www.kindermorgan.com

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