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Copano Unitholders Approve Merger With Kinder Morgan Energy Partners

     Copano Unitholders Approve Merger With Kinder Morgan Energy Partners

PR Newswire

HOUSTON, April 30, 2013

HOUSTON, April 30, 2013 /PRNewswire/ -- Copano Energy, L.L.C. (NASDAQ: CPNO)
announced today that, at a special meeting of unitholders held earlier today,
its unitholders voted to adopt the merger agreement, entered into on January
29, 2013, among Copano, Kinder Morgan Energy Partners, L.P. (NYSE: KMP),
Kinder Morgan G.P., Inc. and Javelina Merger Sub LLC, a wholly-owned
subsidiary of Kinder Morgan Energy Partners, L.P., pursuant to which Copano
will become a wholly-owned subsidiary of Kinder Morgan.

Based on the results, more than 99 percent of the units voted at the special
meeting voted in favor of adoption of the merger agreement. The votes in
favor of the merger agreement constituted more than a majority of Copano's
units outstanding as of the record date, as required for adoption of the
merger agreement.

As previously announced on January 29, in accordance with the merger
agreement, Kinder Morgan agreed to acquire all of Copano's outstanding units
in a 100 percent unit-for-unit transaction with an exchange ratio of .4563 KMP
units per CPNO unit. Subject to satisfaction or waiver of
previously-disclosed closing conditions, the companies expect to close in
early May.

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.copanoenergy.com
 
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