El Paso Pipeline Partners Increases Quarterly Distribution to $0.61 Per Unit

  El Paso Pipeline Partners Increases Quarterly Distribution to $0.61 Per Unit

             Distribution Up 22 Percent From Fourth Quarter 2011

Business Wire

HOUSTON -- January 16, 2013

El Paso Pipeline Partners, L.P. (NYSE: EPB) today increased its quarterly cash
distribution per common unit to $0.61 ($2.44 annualized) payable on Feb. 14,
2013, to unitholders of record as of Jan. 31, 2013. This represents a 22
percent increase over the fourth quarter 2011 cash distribution per unit of
$0.50 ($2.00 annualized) and a 5percent increase from $0.58 per unit ($2.32
annualized) for the third quarter of 2012. EPB has increased its cash
distribution 19 consecutive quarters since its initial public offering in
November 2007.

Chairman and CEO Richard D. Kinder said, “EPB had a good fourth quarter and
year, and will distribute $2.25 per unit for 2012, which represents a 17
percent increase over its 2011 distribution per unit of $1.93. We also
generated cash in excess of our distributions of approximately $119 million.
EPB’s performance reflects solid results from our pipeline and storage assets,
dropdowns from our general partner, cost savings associated with Kinder
Morgan, Inc.’s (NYSE: KMI) acquisition of El Paso Corporation in May 2012,
completed expansion projects on Southern Natural Gas (SNG) and significantly
increased demand from natural gas fired power plants. Looking ahead, growth is
expected to be driven by our stable, regulated natural gas pipeline and
storage assets, our LNG business and incremental cost and growth synergies
related to KMI’s purchase of El Paso.”

EPB reported fourth quarter distributable cash flow before certain items of
$163 million, a 43 percent increase from $114 million for the comparable
period in 2011. Distributable cash flow per unit before certain items was
$0.75, compared to $0.55 for the fourth quarter last year. Fourth quarter net
income before certain items was $182 million compared to $132 million for the
same period in 2011. Including certain items, net income was $178 million
versus $145million for the fourth quarter last year.

For full year 2012, EPB generated distributable cash flow before certain items
of $590million, up 22 percent from $483 million for 2011. Distributable cash
flow per unit before certain items was $2.82 compared to $2.45 for 2011. Net
income before certain items was $608million versus $537 million for 2011.
Including certain items, net income declined slightly for the year to $589
million compared to $605million for 2011, primarily due to the non-cash
severance costs allocated to EPB from El Paso as a result of the KMI and El
Paso merger.

Business Overview

EPB’s assets produced total earnings before DD&A and certain items of $318
million for the fourth quarter and $1.2 billion for the full year, up 14
percent compared to the fourth quarter last year and up 8 percent versus 2011.
“EPB continues to benefit from completed expansion projects on SNG and
increased demand from natural gas fired electric generation facilities.
Gas-fired power generation demand on SNG was up 30 percent compared to the
fourth quarter last year and up 42 percent for the full year compared to
2011,” added Kinder. Additionally, EPB’s results benefited from contributions
from the May 24, 2012, dropdown from its general partner of the remaining 14
percent of Colorado Interstate Gas and all of Cheyenne Plains Pipeline.

2013 Outlook

As previously announced, EPB expects to declare cash distribution of $2.55 per
unit for 2013, a 13 percent increase over the $2.25 per unit it will
distribute for 2012. EPB’s budget includes the expected purchase (drop down)
of 50 percent of Gulf LNG from KMI during 2013.

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 $40 million
compared to 2012. Additionally, EPB expects to produce excess cash flow of
approximately $25 million above the 2013 distribution target of $2.55.

The boards of directors of the Kinder Morgan companies approved the 2013
budgets at the January board meeting, and the budgets will be discussed in
detail during the company’s annual analyst conference on Jan. 30, 2013, in
Houston. The conference starts at 8 a.m. CT and will be webcast live.

Other News

  *Southern Natural Gas Company (SNG) completed an approximately $50 million
    sale of non-core offshore assets south of the Toca compressor station in
    Louisiana to High Point Gas Transmission (the Toca compressor station was
    not included in the sale). The divested assets included approximately 600
    miles of pipelines and related facilities.
  *Southern LNG Company (SLNG) and Elba Express Company filed an application
    with FERC in December for an environmental review of a project to
    construct and operate a liquefaction project at Elba Island, near
    Savannah, Ga., and also modify the Elba Express pipeline. Pending
    regulatory approval, the Elba Island regasification terminal will have the
    added capability to liquefy domestic natural gas for export. In June 2012,
    SLNG received Department of Energy (DOE) authorization to export
    domestically produced LNG to Free Trade Agreement (FTA) countries. In
    August 2012, SLNG filed an application with the DOE requesting
    authorization to export up to 4 million tons per year of LNG (equivalent
    to approximately 0.5 billion cubic feet of gas per day) from the Elba
    Island Terminal to any non FTA country.
  *Elba Express Pipeline is nearing second quarter 2013 completion of
    construction and commissioning of a new, 10,000 horsepower compressor
    station in Hart County, Ga. The station will provide customers with
    additional capacity and increased operational flexibility in transporting
    natural gas either north or south on the Elba Express Pipeline. Elba
    Express was placed in service in March 2010 and consists of approximately
    190 miles of 42- and 36-inch diameter natural gas pipeline.
  *In November, FERC notified Wyoming Interstate Company (WIC) that it was
    beginning a rate proceeding under Section 5 of the Natural Gas Act. WIC is
    aggressively defending its current rates, which the company believes are
    just and reasonable. Any outcome from this FERC action is not anticipated
    to have a substantial impact on the overall earnings of EPB. WIC intends
    to file a cost and revenue study with the FERC by Jan. 29, 2013. A hearing
    is planned in the third quarter this year.

Financings

  *EPB issued $475 million of senior notes in November 2012 and repaid its
    credit facility borrowing.

Upcoming Organizational Changes

With the final distribution of KMI shares from the sponsor investors to
management in December 2012 (which wrapped up the KMI management-led buyout),
Richard D. Kinder will continue as chairman and CEO of Kinder Morgan, but
certain members of our corporate and business unit management have indicated
their intention to retire or take a different role in the organization. In
each case, the position will be filled by a long-time Kinder Morgan employee.

The transition will be largely complete by the end of the first quarter of
2013, and each person who is retiring has indicated his willingness to work
beyond the first quarter as necessary to ensure a smooth transition. The key
changes are as follows:

  *Park Shaper, president of the Kinder Morgan entities, will be retiring as
    president, but will remain a member of the KMI board. He will resign from
    the boards of directors of KMR and the general partners of EPB and KMP
    effective March 31, 2013. “Park has been with Kinder Morgan since the
    early days and has contributed an extraordinary amount to our success over
    the years,” Kinder said. “I am delighted that he will continue to be
    involved as a member of the KMI board.” Shaper stated, “My 13 years at
    Kinder Morgan have been an incredible opportunity for me, and I have truly
    enjoyed and benefited from working alongside Rich, Steve Kean and all of
    the remarkable Kinder Morgan employees. The time is right for me to spend
    more time with my family, and I look forward to continuing to serve on the
    KMI board.”
  *Steve Kean, currently executive vice president and COO of the Kinder
    Morgan entities and a member of the boards of directors of KMI and the
    general partner of EPB, will become president and COO of the Kinder Morgan
    entities effective March 31, 2013. Kean has also been elected to the
    boards of directors of KMR and the general partner of KMP effective March
    31, 2013. Kean has been with Kinder Morgan for 11 years, the last six as
    COO. He has also served as president of the Texas Intrastate Pipeline
    Group and as president of Natural Gas Pipelines. Kinder and Kean will
    comprise the Office of the Chairman of Kinder Morgan.
  *Jeff Armstrong, president of Kinder Morgan Terminals, will become vice
    president of corporate strategy for Kinder Morgan. “We are seeing an
    unprecedented number of opportunities in North American energy that cut
    across business unit lines,” Kinder said. “Jeff is ideally suited to help
    us identify ways to coordinate our efforts across Kinder Morgan and look
    for opportunities to extend our business model to new, related lines of
    business.” Armstrong will be succeeded as president of the Terminals
    business segment by John Schlosser. Schlosser is currently vice president
    of business development for Terminals and has been with Kinder Morgan
    (including his time with a predecessor company) since 1999.
  *Joe Listengart, vice president and general counsel, will be stepping down
    from his current position and will be succeeded by Dave DeVeau, currently
    vice president and deputy general counsel. DeVeau has been with Kinder
    Morgan since 2001 and has been deputy general counsel since 2006.
    Listengart will continue working for the company, assisting as needed on
    significant transactions and other matters. Adam Forman, vice president
    and deputy general counsel, will assume the additional role of corporate
    secretary for the Kinder Morgan entities, reporting to DeVeau.
  *David Kinder, vice president of Corporate Development and treasurer, will
    be retiring and will be succeeded by Dax Sanders as vice president of
    Corporate Development. Sanders has been with the company in a variety of
    senior commercial and financial roles over the last 12 years (including
    Corporate Development), with the exception of a two-year period while he
    earned his MBA at Harvard Business School.
  *Kim Dang, vice president and CFO, will continue as CFO and will also
    assume responsibility for treasury and investor relations. Dang has been
    with the company for 11 years, the last six as CFO, and has served in
    senior roles in finance, accounting and investor relations. David Michels,
    currently vice president of finance, will become vice president of finance
    and investor relations for Kinder Morgan and CFO of EPB, reporting to
    Dang. Also reporting to Dang will be Anthony Ashley. Currently director of
    finance, Ashley will become vice president and treasurer for Kinder
    Morgan.
  *In addition to Rich Kinder, Kean, Dang and Armstrong, the other members of
    the senior management team that are staying with Kinder Morgan include Tom
    Martin, president of Natural Gas Pipelines, along with his entire senior
    commercial management team, and Jim Street, vice president of Human
    Resources and Administration.

Rich Kinder stated, “I am grateful for the tremendous contributions over the
years from the executives who are retiring, and I sincerely appreciate their
commitment to ensure a smooth transition. Though it is always difficult to see
talented people leave the organization, I am pleased that all of those who are
being promoted are very capable, have long tenures with Kinder Morgan and are
enthusiastic about their new roles. I am very optimistic about the future of
Kinder Morgan, especially considering the approximately $12 billion in growth
projects we have identified, and believe this team will continue to deliver
value to our unitholders and shareholders.”

El Paso Pipeline Partners (NYSE: EPB) is a publicly traded pipeline limited
partnership. It owns an interest in or operates more than 13,000 miles of
interstate natural gas transportation pipelines in the Rockies and the
Southeast, natural gas storage facilities with a capacity of nearly 100
billion cubic feet and LNG assets in Georgia. The general partner of EPB 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 $100 billion. It owns an interest
in or operates approximately 75,000 miles of pipelines and 180terminals. Its
pipelines transport natural gas, gasoline, crude oil, CO[2] 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 interest of Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El
Paso Pipeline Partners, L.P. (NYSE: EPB), along with limited partner interests
in KMP and EPB and shares in Kinder Morgan Management, LLC (NYSE: KMR). For
more information please visit www.kindermorgan.com and
www.eppipelinepartners.com.

Please join Kinder Morgan at 4:30 p.m. Eastern Time on Wednesday, Jan. 16, at
www.kindermorgan.com for a LIVE webcast conference call which will include a
discussion of EPB’s fourth quarter earnings.

The non-generally accepted accounting principles, or non-GAAP, financial
measures of distributable cash flow before certain items, both in the
aggregate and per unit, and earnings before depreciation, depletion,
amortization, or DD&A, and certain items, are presented in this news release.
Our non-GAAP financial measures should not be considered as alternatives to
GAAP measures such as net income or any other GAAP measure of liquidity or
financial performance. Distributable cash flow before certain items is a
significant metric used by us and by external users of our financial
statements, such as investors, research analysts, commercial banks and others,
to compare basic cash flows generated by us to the cash distributions we
expect to pay our unitholders on an ongoing basis. Management uses this metric
to evaluate our overall performance. It also allows management to simply
calculate the coverage ratio of estimated ongoing cash flows to expected cash
distributions. Distributable cash flow before certain items is also an
important non-GAAP financial measure for our unitholders because it serves as
an indicator of our success in providing a cash return on investment. This
financial measure indicates to investors whether or not we typically are
generating cash flow at a level that can sustain or support an increase in the
quarterly distributions we are paying pursuant to our partnership agreement.
Our partnership agreement requires us to distribute all available cash.
Distributable cash flow before certain items and similar measures used by
other publicly traded partnerships are also quantitative measures used in the
investment community because the value of a unit of such an entity is
generally determined by the unit’s yield (which in turn is based on the amount
of cash  distributions the entity pays to a unitholder). The economic
substance behind our use of distributable cash flow before certain items is to
measure and estimate the ability of our assets to generate cash flows
sufficient to make distributions to our investors.

We define distributable cash flow before certain items to be limited partners’
pretax income before certain items and DD&A, less sustaining capital
expenditures for EPB, plus DD&A less sustaining capital expenditures for Bear
Creek and WYCO our equity method investees, plus other income and expenses,
net (which primarily includes deferred revenue, AFUDC equity and other
non-cash items). Distributable cash flow before certain items per unit is
distributable cash flow before certain items divided by average outstanding
units. “Certain items” are items that are required by GAAP to be reflected in
net income, but typically either (1) do not have a cash impact, for example,
goodwill impairments, allocated compensation for which we will never be
responsible, and results from assets prior to our ownership that are required
to be reflected in our results due to accounting rules regarding entities
under common control, or (2) by their nature are separately identifiable from
our normal business operations and in our view are likely to occur only
sporadically, for example legal settlements, hurricane impacts and casualty
losses. Management uses this measure and believes it is important to users of
our financial statements because it believes the measure more effectively
reflects our business’ ongoing cash generation capacity than a similar measure
with the certain items included. For similar reasons, management uses earnings
before DD&A and certain items in its analysis of the performance and
management of our business. We believe earnings before DD&A and certain items
is a significant performance metric because it enables us and external users
of our financial statements to better understand our ability to generate cash
on an ongoing basis. We believe it is useful to investors because it is a
measure that management believes is important and that our chief operating
decision makers use for purposes of making decisions and assessing our
performance.

We believe the GAAP measure most directly comparable to distributable cash
flow before certain items is net income. Our calculation of distributable cash
flow before certain items, which begins with net income after subtracting
certain items that are specifically identified in the accompanying tables, is
set forth in those tables. Net income before certain items is presented
primarily because we use it in this calculation. Earnings before DD&A as
presented in our GAAP financials is the measure most directly comparable to
earnings before DD&A and certain items. Earnings before DD&A and certain items
is calculated by removing the certain items attributable to the partnership,
which are specifically identified in the footnotes to the accompanying tables,
from earnings before DD&A. In addition, earnings before DD&A as presented in
our GAAP financials is included on the first page of the tables presenting our
financial results.

Our non-GAAP measures described above should not be considered as an
alternative to GAAP net income, earnings before DD&A or any other GAAP
measure. Distributable cash flow before certain items and earnings before DD&A
and certain items are not financial measures in accordance with GAAP and have
important limitations as analytical tools. You should not consider either of
these non-GAAP measures in isolation or as a substitute for an analysis of our
results as reported under GAAP. Because distributable cash flow before certain
items excludes some but not all items that affect net income and because
distributable cash flow measures are defined differently by different
companies in our industry, our distributable cash flow before certain items
may not be comparable to distributable cash flow measures of other companies.
Earnings before DD&A and certain items has similar limitations. Management
compensates for the limitations of these non-GAAP measures by reviewing our
comparable GAAP measures, understanding the differences between the measures
and taking this information into account in its analysis and its decision
making processes.

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 EPB 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 EPB’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, EPB 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.

                                                               
El Paso Pipeline Partners, L.P.
Preliminary Consolidated Statements of Income
(Unaudited)
(in millions, except per unit amounts)
                                                                     
                                                                     
                     Three Months Ended December     Year Ended December 31,
                     31,
                     2012            2011^(1)        2012            2011^(1)
                                                                     
Revenues             $  390         $  388         $  1,515       $ 1,531 
                                                                     
Costs, expenses
and other
Operations and          79              112             389            419
maintenance
Depreciation and        44              45              181            180
amortization
Taxes, other than      19            20            82           83    
income taxes
                       142           177           652          682   
Operating income        248             211             863            849
                                                                     
Other income
(expense)
Earnings from
equity                  3               3               14             15
investments
Interest expense,       (75    )        (72    )        (293   )       (267  )
net
Other, net             2             3             5            8     
Net income             178           145           589          605   
                                                                     
Net income
attributable to        -             (6     )       (10    )      (93   )
noncontrolling
interests
                                                                     
Net income
attributable to      $  178         $  139         $  579         $ 512   
EPB
                                                                     
                                                                     
Calculation of
Limited Partners'
interest in net
income
attributable to
EPB
Net income
attributable to      $  178          $  139          $  579          $ 512
EPB
Less:
Pre-acquisition
earnings                -               (13    )        (22    )       (40   )
allocated to
General Partner
(2)
Plus: Severance
costs allocated         2               -               34             -
to General
Partner
Less: General
Partner's 2%            (4     )        (2     )        (12    )       (9    )
interest
allocation
Less: General
Partner's              (43    )       (19    )       (129   )      (62   )
incentive
distribution
Limited Partners'
interest in net      $  133         $  105         $  450         $ 401   
income
                                                                     
Limited Partners'
net income per
unit
Net income           $  0.62        $  0.51        $  2.15        $ 2.03  
Weighted average       216           206           209          197   
units outstanding
                                                                     
Declared
distribution /       $  0.61        $  0.50        $  2.25        $ 1.93  
unit
                                                                     
(1) Retrospectively adjusted to reflect reorganization of entities under
common control and change in reporting entity due to EPB's May 24, 2012
acquisition of Cheyenne Plains from El Paso Corporation.
(2) Represents Cheyenne Plains' earnings prior to the May 24, 2012
acquisition.
                                                                     
                                                                     
El Paso Pipeline Partners, L.P.
Preliminary Reconciliation of Distributable Cash Flow to Net Income
(Unaudited)
(in millions, except per unit amounts)
                                                                     
                                                                     
                     Three Months Ended December     Year Ended December 31,
                     31,
                     2012            2011            2012            2011
Earnings before
DD&A and certain     $  318          $  278          $  1,175        $ 1,085
items
DD&A                   44            42            176          168   
Earnings                274             236             999            917
contribution
General and
administrative          (17    )        (35    )        (102   )       (124  )
expense
Interest expense,      (75    )       (69    )       (289   )      (256  )
net
Net income before       182             132             608            537
certain items
Certain items
Cheyenne Plains         -               13              22             54
before dropdown
CIG environmental
reserve                 -               -               6              -
adjustment
Loss on write-off       -               -               (11    )       -
of asset (1)
Non-cash
severance costs         (2     )        -               (34    )       -
(2)
Project
cancellation            -               -               -              14
payment (3)
Amortization of
regulatory asset
related to             (2     )       -             (2     )      -     
offshore asset
sale (4)
Sub-total certain      (4     )       13            (19    )      68    
items
Net Income           $  178         $  145         $  589         $ 605   
Less:
Pre-acquisition
earnings                -               (13    )        (22    )       (40   )
allocated to
General Partner
(5)
Plus: Severance
costs allocated         2               -               34             -
to General
Partner (2)
Less: General
Partner's 2%            (4     )        (2     )        (12    )       (9    )
interest
allocation
Less: General
Partner's               (43    )        (19    )        (129   )       (62   )
incentive
distribution
Less:
Noncontrolling         -             (6     )       (10    )      (93   )
Interests in net
income
Limited Partners'    $  133         $  105         $  450         $ 401   
net income
                                                                     
Net income before    $  182          $  132          $  608          $ 537
certain items
Less: Net income
attributable to
Noncontrolling         -             (6     )       (10    )      (79   )
Interests before
certain items
Net income
attributable to         182             126             598            458
EPB before
certain items
Less: General
Partner's 2%            (4     )        (2     )        (12    )       (9    )
interest
allocation
Less: General
Partner's              (43    )       (19    )       (129   )      (62   )
incentive
distribution
Limited Partners'
net income before       135             105             457            387
certain items
Depreciation and        44              43              176            169
amortization (6)
Net income
attributable to
noncontrolling          -               6               10             79
interests before
certain items
Declared
distributions to
noncontrolling          -               (5     )        (8     )       (47   )
interests before
certain items (7)
Other (8)               1               -               1              (2    )
Sustaining
capital                (17    )       (35    )       (46    )      (103  )
expenditures (9)
DCF before
certain items -      $  163         $  114         $  590         $ 483   
Limited Partners
                                                                     
Net income / unit
before certain       $  0.63        $  0.51        $  2.19        $ 1.96  
items
DCF / unit before    $  0.75        $  0.55        $  2.82        $ 2.45  
certain items
Weighted average       216           206           209          197   
units outstanding
                                                                     
Notes:
(1) Reflects write-off of a canceled software implementation project.
(2) Represents the non-cash severance costs allocated to EPB from El Paso as a
result of KMI's and El Paso's merger. EPB does not have any obligation nor did
EPB pay any amounts related to this expense.
(3) Reflects $17 million BG cancellation option payments related to Phase B of
SLNG's Elba III expansion offset by $3 million write-off of the related
project development costs.
(4) Represents amortization of regulatory asset associated with the SNG
offshore asset sale.
(5) Represents earnings related to Cheyenne Plains prior to the May 24, 2012
acquisition.
(6) Includes EPB's share of Bear Creek and WYCO DD&A (less than $1 million for
each of the periods presented).
(7) Cash distributions made to the noncontrolling interest holder.
(8) Includes deferred revenue and other non-cash items such as AFUDC equity
and other items.
(9) Includes EPB's share of Bear Creek and WYCO sustaining capital
expenditures (less than $2 million for each of the periods presented).
                                                                     
                                                                     
Transport Volumes      7,835         7,469         7,864        7,364 
(BBtu/d)

                                                   
El Paso Pipeline Partners, L.P.
Preliminary Abbreviated Consolidated Balance Sheet
(Unaudited)
(in millions)
                                                                          
                                December 31,           December 31,
                                2012                   2011^(1)
ASSETS
Cash and cash equivalents       $      114             $     120
Other current assets                   241                   210
Property, plant and                    5,931                 6,040
equipment, net
Investments                            72                    71
Regulatory assets and                 223                 238      
other assets
TOTAL ASSETS                    $      6,581          $     6,679    
                                                                          
LIABILITIES AND PARTNERS'
CAPITAL
                                                                          
Liabilities
Notes payable and current
maturities of long-term         $      93              $     82
debt
Other current liabilities              188                   263
Long-term debt (6)                     4,246                 4,028
Other                                 67                  75       
Total liabilities                      4,594                 4,448
                                                                          
Partners' capital
Accumulated other
comprehensive income                   10                    (7       )
(loss)
Other partners' capital               1,977               2,122    
Total EPB partners'                    1,987                 2,115
capital
Noncontrolling interests              -                   116      
Total partners' capital               1,987               2,231    
TOTAL LIABILITIES AND           $      6,581          $     6,679    
PARTNERS' CAPITAL
                                                                          
Total Debt, net of cash         $      4,233           $     3,997        (4)
and cash equivalents (7)
                                                                          
EBITDA (2) (3)                  $      1,073           $     962
                                                                          
Debt to EBITDA (7)                     3.9                   4.2          (5)
                                                                          
                                Twelve Months Ended
                                December 31, 2012      December 31, 2011
Net Income (1)                  $      589             $     605
Certain items:
Cheyenne Plains before                 (22      )            (54      )
dropdown
CIG environmental reserve              (6       )            -
adjustment
Loss on write-off of asset             11                    -
Non-cash severance costs               34                    -
Project cancellation                   -                     (14      )
payment
Amortization of regulatory
asset related to offshore             2                   -        
asset sale
Subtotal certain items                19                  (68      )
Net income before certain              608                   537
items
Add:
Depreciation and                       176                   169
amortization (3)
Interest expense, net                 289                 256      
EBITDA                          $      1,073          $     962      
                                                                          
(1) Retrospectively adjusted to reflect reorganization of entities under
common control and change in reporting entity due to EPB's May 24, 2012
acquisition of Cheyenne Plains from El Paso Corporation.
(2) Amounts represent the
last twelve months.
(3) Includes add back of EPB's share of Bear Creek and WYCO DD&A, which was
less than $1 million for both the twelve months ended December 31, 2012 and
2011.
(4) Debt as of December 31, 2011 has been retrospectively adjusted to include
Cheyenne Plains.
Reported debt net of cash and cash equivalents as of December 31, 2011 was
$3,832 million.
(5) As of December 31, 2011, excluding Cheyenne Plains, the Debt to EBITDA
ratio would have been 4.0.
(6) Amounts are net of unamortized discount of $8 million and $7 million as of
December 31, 2012 and 2011, respectively.
(7) Amounts reflect the gross debt balance before unamortized discount for
each of the periods presented.

Contact:

El Paso Pipeline Partners, L.P.
Emily Mir, (713) 369-8060
Media Relations
emily_mir@kindermorgan.com
or
Peter Staples, (713) 369-9221
Investor Relations
peter_staples@kindermorgan.com
www.eppipelinepartners.com
www.kindermorgan.com
 
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