Kinder Morgan Energy Partners, L.P. Prices Public Offering of Common Units

    HOUSTON, Feb. 27 /CNW/ -- Kinder Morgan Energy Partners, L.P. (NYSE:   KMP)
today announced it has priced the public offering of 5.0 million common units
representing limited partner interests, which is over a 15 percent increase to
the originally contemplated number of units, raising approximately $282
million in net proceeds to the Partnership.  KMP has granted to the
underwriters an option to purchase up to 750,000 additional common units to
cover over-allotments, if any.  The offering is being underwritten by Lehman
Brothers Inc. and Morgan Stanley & Co., Inc., as joint book-running managers,
and Citibank, Deutsche Bank Securities, Goldman, Sachs & Co., UBS Investment
Bank, Wachovia Securities, Morgan Keegan & Company, Inc., Raymond James &
Associates, Inc., RBC Capital Markets and Sanders Morris Harris Group Inc. as
    When available, copies of the prospectus supplement and accompanying base
prospectus related to this offering may be obtained from the following
     Lehman Brothers Inc.                 Morgan Stanley & Co. Inc.
     c/o Broadridge                       Attn:  Prospectus Dept.
     Integrated Distribution Services     180 Varick Street
     1155 Long Island Avenue              2nd Floor
     Edgewood, New York  11717            New York, New York  10014
     email: email:
     Fax:  631-254-7140         
                                          Tel:  866-718-1649
    This communication shall not constitute an offer to sell or the
solicitation of an offer to buy common units nor shall there be any sale of
these securities in any State or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such State or jurisdiction.  The offering may
be made only by means of a prospectus supplement and accompanying base
    This news release includes forward-looking statements. Although Kinder
Morgan believes that its expectations 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 are enumerated in the periodic reports of
Kinder Morgan Energy Partners, L.P. as filed with the Securities and Exchange

For further information:

For further information: Larry Pierce, Media Relations, +1-713-369-9407,
 or Mindy Mills, Investor Relations, +1-713-369-9490, both of Kinder Morgan 
Energy Partners, L.P. Web Site:

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