Copano Further Amends And Extends Consent Solicitation

            Copano Further Amends And Extends Consent Solicitation

PR Newswire

HOUSTON, April 11, 2013

HOUSTON, April 11, 2013 /PRNewswire/ --Copano Energy, L.L.C. (NASDAQ: CPNO)
announced that it has further extended until 5:00 p.m. New York City Time on
April 16, 2013 (as extended, the "Expiration Date") its previously announced
consent solicitation relating to its $510.0 million in aggregate principal
amount of 7.125% Senior Notes due 2021 (the "Notes"). Copano also has further
amended the solicitation to increase the fee payable to consenting holders of
Notes. Additionally, Copano announced that Kinder Morgan Energy Partners,
L.P. ("Kinder Morgan") has delivered a commitment to the trustee for the Notes
that, subject to receipt of the requisite consents and the satisfaction or
waiver of the other conditions to the consent solicitation and the
consummation of the proposed merger between Kinder Morgan and Copano, Kinder
Morgan will irrevocably and unconditionally guarantee the Notes in the manner
and upon the terms set forth in the consent solicitation statement referred to
below.

The consent solicitation is conditioned on the receipt of consents to
amendments to the indenture governing the Notes from holders of record as of
March27, 2013 (the "Record Date") of at least a majority in aggregate
principal amount of the Notes. Copano will make a cash payment of $2.50 per
$1,000 principal amount of Notes for which a holder of record has validly
delivered (and not revoked) a consent prior to the Expiration Date. Copano
will not be obligated to make any payments if the requisite consents are not
obtained prior to the Expiration Date or if the other conditions to the
consent solicitation are not satisfied or waived.

This announcement amends and supplements the consent solicitation statement,
dated as of March 28, 2013, which was sent to all holders of the Notes as of
the Record Date. The consent solicitation may be further amended, extended or
terminated, at the option of Copano. Holders of the Notes should refer to the
consent solicitation statement for a complete statement of the terms and
conditions of the solicitation.

The Solicitation Agent in connection with the consent solicitation is BofA
Merrill Lynch. Questions regarding the consent solicitation may be directed to
BofA Merrill Lynch, Attention: Liability Management Group at (888) 292-0070
(toll free) or (980) 387-3907 (collect). D. F. King & Co., Inc. is serving as
Information Agent and Tabulation Agent in connection with the consent
solicitation. Requests for assistance in delivering consents or for additional
copies of the consent solicitation statement should be directed to the
Information Agent at (888) 887-0082 (toll free) or (212) 269-5550 (banks and
brokers) (collect).

This announcement is not an offer to purchase, a solicitation of an offer to
purchase, or a solicitation of consents with respect to any securities. The
consent solicitation is being made solely by the consent solicitation
statement and is subject to the terms and conditions stated therein. Copano
reserves the right to modify the consent solicitation statement or to
terminate the consent solicitation.

About Copano Energy, L.L.C.

Copano Energy, L.L.C. is a midstream natural gas company with operations in
Texas, Oklahoma and Wyoming. For more information, please visit
http://www.copano.com.

This news release includes "forward-looking statements," as defined by the
Securities and Exchange Commission. Statements that address activities or
events that Copano believes will or may occur in the future are
forward-looking statements. These statements include, but are not limited to,
statements about future producer activity and Copano's total distributable
cash flow and distribution coverage. These statements are based on
management's experience and perception of historical trends, current
conditions, expected future developments and other factors management believes
are reasonable. Important factors that could cause actual results to differ
materially from those in forward-looking statements include the following
risks and uncertainties, many of which are beyond Copano's control: the
volatility of prices and market demand for natural gas, crude oil, condensate
and NGLs, and for products derived from these commodities; Copano's ability to
continue to connect new sources of natural gas, crude oil and condensate, and
the NGL content of new gas supplies; the ability of key producers to continue
to drill and successfully complete and connect new natural gas and condensate
volumes and such producers' performance under their contracts with Copano;
Copano's ability to attract and retain key customers and contract with new
customers, and such customers' performance under their contracts with Copano;
Copano's ability to access or construct new pipeline capacity, gas processing
and NGL fractionation and transportation capacity; the availability of local,
intrastate and interstate transportation systems, trucks and other facilities
and services for condensate, natural gas and NGLs; Copano's ability (and the
ability of its third-party service providers) to meet in-service dates, cost
expectations and operating performance standards for construction projects;
Copano's ability to successfully integrate any acquired asset or operations;
Copano's ability to access its revolving credit facility and to obtain
additional financing on acceptable terms; the effectiveness of Copano's
hedging program; general economic conditions; force majeure events such as the
loss of a market or facility downtime; the effects of government regulations
and policies; Copano's ability to complete its proposed merger with Kinder
Morgan; and other financial, operational and legal risks and uncertainties
detailed from time to time in Copano's quarterly and annual reports filed with
the Securities and Exchange Commission. Copano does not undertake to update
any forward-looking statement except as provided by law.

          Carl A. Luna, SVP and CFO

          Copano Energy, L.L.C.

          713-621-9547

Contacts: 

          Jack Lascar/jlascar@dennardlascar.com

          Anne Pearson/apearson@dennardlascar.com

          Dennard-Lascar Associates / 713-529-6600

SOURCE Copano Energy, L.L.C.

Website: http://www.copano.com
 
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