Kinder Morgan Energy Partners - Targa Resources Partners to Expand Fractionation Capacity in Texas to Support the Utica

  Kinder Morgan Energy Partners - Targa Resources Partners to Expand
  Fractionation Capacity in Texas to Support the Utica Marcellus Texas NGL
  Pipeline

   Open season extended for Utica Marcellus Texas Pipeline to Feb. 28, 2014

Business Wire

HOUSTON -- December 20, 2013

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and Targa Resources Partners
LP (NYSE: NGLS) today announced they have signed a letter of intent to form a
joint venture to construct new natural gas liquids (NGL) fractionation
facilities at Mont Belvieu, Texas, to provide services for producers in the
Utica and Marcellus Shale resource plays in Ohio, West Virginia and
Pennsylvania.

In order to allow producers and shippers sufficient time to assess their Gulf
Coast fractionation and pipeline needs, a binding open season currently under
way for the Utica Marcellus Texas Pipeline (UMTP), a proposed joint venture
between MarkWest Utica EMG, L.L.C. and KMP, will be extended until Feb. 28,
2014. The UMTP will involve the abandonment and conversion, subject to Federal
Energy Regulatory Commission approval, of over 1,000 miles of KMP’s existing
Tennessee Gas Pipeline system, currently in natural gas service, from Mercer,
Pa., to Natchitoches, La., and building approximately 200 miles of new
pipeline from Natchitoches to Mont Belvieu for fractionation. The facilities
will be located adjacent to Targa’s existing fractionation facilities at Mont
Belvieu and will provide fractionation services for customers of UMTP of up to
approximately 150,000 barrels per day (bpd), and potentially serve up to
400,000 bpd of maximum pipeline capacity over time.

“The joint venture with Targa will provide our NGL pipeline customers with a
fully integrated NGL solution from the tailgate of their processing plants in
Utica and Marcellus to the ultimate consumer of the purity products along the
Gulf Coast,” said Don Lindley, president of Natural Gas Liquids for KMP.
“Targa’s market connectivity, storage, and expertise in fractionation and in
LPG export infrastructure and services on the Gulf Coast may provide the Utica
and Marcellus producers with maximum value and optionality at the largest NGL
hub in the United States.”

“We are pleased to team up with Kinder Morgan to offer Utica and Marcellus
pipeline customers the opportunity to obtain fractionation and related
services at our expanding Mont Belvieu complex,” said Joe Bob Perkins, Chief
Executive Officer of Targa. “We believe that this fractionation joint venture
in combination with the Kinder Morgan and MarkWest Utica EMG pipeline project
provides a solid long-term liquids solution for production growth in the Utica
and Marcellus.”

About Kinder Morgan

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is 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 more than 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 fourth largest energy company in North America
with a combined enterprise value of approximately $105 billion. It owns an
interest in or operates more than 82,000 miles of pipelines and 180 terminals.
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 interests of 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.

About Targa Resources Partners LP

Targa Resources Partners LP (NYSE: NGLS) is a publicly traded Delaware limited
partnership formed in October 2006 by its parent, Targa Resources Corp. to
own, operate, acquire and develop a diversified portfolio of complementary
midstream energy assets. The partnership is a leading provider of midstream
natural gas, NGL, terminaling and crude oil gathering services in the United
States. The partnership is engaged in the business of gathering, compressing,
treating, processing and selling natural gas; storing, fractionating,
treating, transporting and selling NGL and NGL products; gathering, storing
and terminaling crude oil; and storing, terminaling and selling refined
petroleum products. The principal executive offices of Targa Resources
Partners are located at 1000 Louisiana, Suite 4300, Houston, TX 77002 and
their telephone number is 713-584-1000. For more information please go to
www.targaresources.com.

Kinder Morgan Cautionary Language

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.

Targa Resources Partners LP Cautionary Language

Certain statements in this release are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical facts, included in this release that address
activities, events or developments that Targa expects, believes or anticipates
will or may occur in the future, are forward-looking statements. These
forward-looking statements rely on a number of assumptions concerning future
events and are subject to a number of uncertainties, factors and risks, many
of which are outside Targa’s control, which could cause results to differ
materially from those expected by management of Targa. Such risks and
uncertainties include, but are not limited to, weather, political, economic
and market conditions, including a decline in the price and market demand for
natural gas, natural gas liquids and crude oil, the timing and success of
business development efforts; and other uncertainties. These and other
applicable uncertainties, factors and risks are described more fully in
Targa’s filings with the Securities and Exchange Commission, including the
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. Targa does not undertake an obligation to update or
revise any forward-looking statement, whether as a result of new information,
future events or otherwise.

Contact:

Kinder Morgan
Media Relations
Richard Wheatley, 713-420-6828
richard_wheatley@kindermorgan.com
or
Investor Relations
713-369-9490
km_ir@kindermorgan.com
www.kindermorgan.com
or
Targa Resources Partners LP
Investor contact:
Jennifer Kneale, 713-584-1133
Director, Finance
Matthew Meloy, 713-584-1133
Senior Vice President, Chief Financial Officer and Treasurer