Kinder Morgan Expects El Paso Acquisition to Close in May

Kinder Morgan, Inc.

today announced it has reached a verbal tentative agreement with Federal Trade Commission staff to divest certain Kinder Morgan Energy Partners, L.P.

assets in order to receive regulatory approval for its proposed acquisition of El Paso Corporation

, which was announced in October of 2011. Subject to final FTC management and Commission approval, Kinder Morgan has agreed to sell Kinder Morgan Interstate Gas Transmission, Trailblazer Pipeline Company, its Casper-Douglas natural gas processing and West Frenchie Draw treating facilities in Wyoming, and the company's 50 percent interest in the Rockies Express Pipeline.