Kinder Morgan, Inc S-3ASR, filed Jul 27, 2020
Kinder Morgan, Inc. (KMI)
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Table of Contents
As filed with the Securities and Exchange Commission on July 27, 2020
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
KINDER MORGAN, INC.*
(Exact name of registrant as specified in its charter)
| Delaware (State or other jurisdiction of incorporation or organization) |
80-0682103 (I.R.S. Employer Identification No.) |
1001 Louisiana Street, Suite 1000
Houston, Texas 77002
(713) 369-9000
(Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)
Catherine Callaway James
Vice President and General Counsel
Kinder Morgan, Inc.
1001 Louisiana Street, Suite 1000
Houston, Texas 77002
(713) 369-9000
(Name, address, including zip code, and telephone number, including
area code, of agent for service)
With copies to:
Troy L. Harder
Bracewell LLP
711 Louisiana Street, Suite 2300
Houston, Texas 77002
(713) 221-1456
Approximate date of commencement of proposed sale to the public:
From time to time after the effective date of this registration statement.
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. o
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 of the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ý
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ý
If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| Large accelerated filer ý | Accelerated filer o | Non-accelerated filer o | Smaller reporting company o | Emerging growth company o |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. o
CALCULATION OF REGISTRATION FEE
|
||||||||
| Title of Class of Securities to be Registered |
Amount to be Registered(1) |
Proposed Maximum Offering Price Per Unit(1) |
Proposed Maximum Aggregate Offering Price(1) |
Amount of Registration Fee(1) |
||||
|---|---|---|---|---|---|---|---|---|
Debt securities |
||||||||
Guarantees of debt securities(2) |
||||||||
Class P common stock, par value $0.01 per share |
||||||||
Preferred stock, par value $0.01 per share |
||||||||
Depositary shares |
||||||||
|
||||||||
- (1)
- An
indeterminate aggregate initial offering price or principal amount or number of the securities of each identified class is being registered as may from time to
time be issued at indeterminate prices. In accordance with Rule 456(b), and in reliance on Rule 457(r), under the Securities Act of 1933, as amended, the Registrant is deferring payment
of all of the registration fee.
- (2)
- Subsidiaries of Kinder Morgan, Inc. may fully and unconditionally guarantee on an unsecured basis the debt securities of Kinder Morgan, Inc. In accordance with Rule 457(n), no separate fee is payable with respect to the guarantees of the debt securities being registered.
- *
- Includes certain subsidiaries of Kinder Morgan, Inc. identified below. Unless otherwise indicated, the address and telephone number of each registrant's principal executive offices and the name, address and telephone number of each registrant's agent for service is the same as that set forth above for Kinder Morgan, Inc.
Exact name of registrant as specified in its charter
|
State or other jurisdiction of incorporation or organization |
I.R.S. Employer Identification No. |
||
|---|---|---|---|---|
COLORADO INTERSTATE ISSUING CORPORATION |
Delaware | 26-1397951 | ||
COPANO ENERGY FINANCE CORPORATION |
Delaware | 20-3151590 | ||
EL PASO CITRUS HOLDINGS, INC. |
Delaware | 04-3607282 | ||
EPTP ISSUING CORPORATION |
Delaware | 45-3971704 | ||
KINDER MORGAN CARBON DIOXIDE TRANSPORTATION COMPANY |
Delaware | 34-1468343 | ||
KINDER MORGAN TERMINALS, INC. |
Delaware | 26-3061236 | ||
KMGP SERVICES COMPANY, INC. |
Delaware | 76-0661680 | ||
KN TELECOMMUNICATIONS, INC. |
Colorado | 84-1456517 | ||
TENNESSEE GAS PIPELINE ISSUING CORPORATION |
Delaware | 45-3992009 | ||
AGNES B CRANE, LLC |
Louisiana | 84-1620918 | ||
AMERICAN PETROLEUM TANKERS II LLC |
Delaware | N/A | ||
AMERICAN PETROLEUM TANKERS III LLC |
Delaware | N/A | ||
AMERICAN PETROLEUM TANKERS IV LLC |
Delaware | N/A | ||
AMERICAN PETROLEUM TANKERS LLC |
Delaware | N/A | ||
AMERICAN PETROLEUM TANKERS PARENT LLC |
Delaware | N/A | ||
AMERICAN PETROLEUM TANKERS V LLC |
Delaware | N/A | ||
AMERICAN PETROLEUM TANKERS VI LLC |
Delaware | N/A | ||
AMERICAN PETROLEUM TANKERS VII LLC |
Delaware | 81-4698215 | ||
AMERICAN PETROLEUM TANKERS VIII LLC |
Delaware | 81-4709889 | ||
AMERICAN PETROLEUM TANKERS IX LLC |
Delaware | 81-4719987 | ||
AMERICAN PETROLEUM TANKERS X LLC |
Delaware | 81-4756333 | ||
AMERICAN PETROLEUM TANKERS XI LLC |
Delaware | 81-4762207 | ||
APT FLORIDA LLC |
Delaware | 81-4683674 | ||
APT INTERMEDIATE HOLDCO LLC |
Delaware | N/A | ||
APT NEW INTERMEDIATE HOLDCO LLC |
Delaware | N/A | ||
APT PENNSYLVANIA LLC |
Delaware | 81-4680078 | ||
APT SUNSHINE STATE LLC |
Delaware | N/A | ||
BETTY LOU LLC |
Delaware | 26-4569062 | ||
CAMINO REAL GAS GATHERING COMPANY LLC |
Delaware | N/A | ||
CAMINO REAL GATHERING COMPANY, L.L.C. |
Delaware | 27-3383291 | ||
CANTERA GAS COMPANY LLC |
Delaware | 38-3432972 | ||
CDE PIPELINE LLC |
Delaware | 45-4765020 | ||
CENTRAL FLORIDA PIPELINE LLC |
Delaware | 59-1084277 | ||
CHEYENNE PLAINS GAS PIPELINE COMPANY, L.L.C. |
Delaware | 84-1618229 | ||
CIG GAS STORAGE COMPANY LLC |
Delaware | N/A | ||
CIG PIPELINE SERVICES COMPANY, L.L.C. |
Delaware | 26-1102190 | ||
COLORADO INTERSTATE GAS COMPANY, L.L.C. |
Delaware | 84-0173305 | ||
COPANO DOUBLE EAGLE LLC |
Delaware | 26-4316438 | ||
COPANO ENERGY, L.L.C. |
Delaware | 51-0411678 | ||
COPANO ENERGY SERVICES/UPPER GULF COAST LLC |
Texas | 46-4725613 | ||
COPANO FIELD SERVICES GP, L.L.C. |
Delaware | 20-1862487 | ||
COPANO FIELD SERVICES/NORTH TEXAS, L.L.C. |
Delaware | 26-1586828 | ||
COPANO FIELD SERVICES/SOUTH TEXAS LLC |
Texas | 46-4668646 | ||
COPANO FIELD SERVICES/UPPER GULF COAST LLC |
Texas | 46-4714794 | ||
COPANO LIBERTY, LLC |
Delaware | 26-3154210 | ||
COPANO LIQUIDS MARKETING LLC |
Delaware | 82-1680512 | ||
COPANO NGL SERVICES (MARKHAM), L.L.C. |
Delaware | 27-0904927 | ||
COPANO NGL SERVICES LLC |
Texas | 46-4737892 | ||
COPANO PIPELINES GROUP, L.L.C. |
Delaware | 51-0411715 | ||
COPANO PIPELINES/NORTH TEXAS, L.L.C. |
Delaware | 27-1125058 |
Exact name of registrant as specified in its charter
|
State or other jurisdiction of incorporation or organization |
I.R.S. Employer Identification No. |
||
|---|---|---|---|---|
COPANO PIPELINES/ROCKY MOUNTAINS, LLC |
Delaware | 20-0659235 | ||
COPANO PIPELINES/SOUTH TEXAS LLC |
Texas | 46-4656852 | ||
COPANO PIPELINES/UPPER GULF COAST LLC |
Texas | 46-4695294 | ||
COPANO PROCESSING LLC |
Texas | 46-4458657 | ||
COPANO RISK MANAGEMENT LLC |
Texas | N/A | ||
COPANO TERMINALS LLC |
Delaware | N/A | ||
COPANO/WEBB-DUVAL PIPELINE LLC |
Delaware | N/A | ||
CPNO SERVICES LLC |
Texas | N/A | ||
DAKOTA BULK TERMINAL LLC |
Delaware | 41-1734333 | ||
DELTA TERMINAL SERVICES LLC |
Delaware | 72-1284643 | ||
EAGLE FORD GATHERING LLC |
Delaware | 27-1365749 | ||
EL PASO CHEYENNE HOLDINGS, L.L.C. |
Delaware | N/A | ||
EL PASO CNG COMPANY, L.L.C. |
Delaware | 84-0890602 | ||
EL PASO ENERGY SERVICE COMPANY, L.L.C. |
Delaware | 76-0228695 | ||
EL PASO LLC |
Delaware | 76-0568816 | ||
EL PASO MIDSTREAM GROUP LLC |
Delaware | N/A | ||
EL PASO NATURAL GAS COMPANY, L.L.C. |
Delaware | 46-0809216 | ||
EL PASO NORIC INVESTMENTS III, L.L.C. |
Delaware | N/A | ||
EL PASO RUBY HOLDING COMPANY, L.L.C. |
Delaware | N/A | ||
EL PASO TENNESSEE PIPELINE CO., L.L.C. |
Delaware | 76-0233548 | ||
ELBA EXPRESS COMPANY, L.L.C. |
Delaware | N/A | ||
ELIZABETH RIVER TERMINALS LLC |
Delaware | 27-3076713 | ||
EMORY B CRANE, LLC |
Louisiana | 84-1620908 | ||
EPBGP CONTRACTING SERVICES LLC |
Delaware | N/A | ||
EP RUBY LLC |
Delaware | N/A | ||
FRANK L CRANE, LLC |
Louisiana | 84-1620921 | ||
GENERAL STEVEDORES GP, LLC |
Texas | 20-5269648 | ||
GENERAL STEVEDORES HOLDINGS LLC |
Delaware | 20-4087109 | ||
HARRAH MIDSTREAM LLC |
Delaware | 45-0833350 | ||
HBM ENVIRONMENTAL LLC |
Delaware | 72-1198254 | ||
HILAND CRUDE, LLC |
Oklahoma | 20-4572594 | ||
HILAND PARTNERS HOLDINGS LLC |
Delaware | 47-3805791 | ||
HPH OKLAHOMA GATHERING LLC |
Delaware | N/A | ||
ICPT, L.L.C. |
Louisiana | 72-1422387 | ||
INDEPENDENT TRADING & TRANSPORTATION COMPANY I, L.L.C. |
Oklahoma | 73-1493732 | ||
JV TANKER CHARTERER LLC |
Delaware | N/A | ||
KINDER MORGAN 2-MILE LLC |
Delaware | 36-2735673 | ||
KINDER MORGAN ADMINISTRATIVE SERVICES TAMPA LLC |
Delaware | 46-2931924 | ||
KINDER MORGAN ALTAMONT LLC |
Delaware | 46-2383182 | ||
KINDER MORGAN BALTIMORE TRANSLOAD TERMINAL LLC |
Delaware | 20-4871985 | ||
KINDER MORGAN BATTLEGROUND OIL LLC |
Delaware | N/A | ||
KINDER MORGAN BORDER PIPELINE LLC |
Delaware | 26-0634502 | ||
KINDER MORGAN BULK TERMINALS LLC |
Louisiana | 72-1073113 | ||
KINDER MORGAN CO2 COMPANY, L.P. |
Texas | 76-0554627 | ||
KINDER MORGAN COMMERCIAL SERVICES LLC |
Delaware | 20-4673552 | ||
KINDER MORGAN CONTRACTING SERVICES LLC |
Delaware | N/A | ||
KINDER MORGAN CRUDE & CONDENSATE LLC |
Delaware | 45-3456791 | ||
KINDER MORGAN CRUDE MARKETING LLC |
Delaware | N/A |
Exact name of registrant as specified in its charter
|
State or other jurisdiction of incorporation or organization |
I.R.S. Employer Identification No. |
||
|---|---|---|---|---|
KINDER MORGAN CRUDE OIL PIPELINES LLC |
Delaware | 26-0449613 | ||
KINDER MORGAN CRUDE TO RAIL LLC |
Delaware | 83-3379277 | ||
KINDER MORGAN CUSHING LLC |
Delaware | N/A | ||
KINDER MORGAN DALLAS FORT WORTH RAIL TERMINAL LLC |
Delaware | 20-4499927 | ||
KINDER MORGAN DEEPROCK NORTH HOLDCO LLC |
Delaware | 82-3848793 | ||
KINDER MORGAN ENDEAVOR LLC |
Delaware | 27-1006843 | ||
KINDER MORGAN ENERGY PARTNERS, L.P. |
Delaware | 76-0380342 | ||
KINDER MORGAN EP MIDSTREAM LLC |
Delaware | 45-5334086 | ||
KINDER MORGAN FINANCE COMPANY LLC |
Delaware | 98-0477770 | ||
KINDER MORGAN FREEDOM PIPELINE LLC |
Delaware | N/A | ||
KINDER MORGAN GALENA PARK WEST LLC |
Delaware | 37-1778532 | ||
KINDER MORGAN IMT HOLDCO LLC |
Delaware | N/A | ||
KINDER MORGAN KEYSTONE GAS STORAGE LLC |
Delaware | 04-3617867 | ||
KINDER MORGAN KMAP LLC |
Delaware | N/A | ||
KINDER MORGAN LAS VEGAS LLC |
Delaware | 36-3686525 | ||
KINDER MORGAN LINDEN TRANSLOAD TERMINAL LLC |
Delaware | 20-4871819 | ||
KINDER MORGAN LIQUIDS TERMINALS LLC |
Delaware | 36-2827997 | ||
KINDER MORGAN LIQUIDS TERMINALS ST. GABRIEL LLC |
Delaware | 82-3238143 | ||
KINDER MORGAN LOUISIANA PIPELINE HOLDING LLC |
Delaware | N/A | ||
KINDER MORGAN LOUISIANA PIPELINE LLC |
Delaware | 20-5420094 | ||
KINDER MORGAN MARINE SERVICES LLC |
Delaware | 26-1096479 | ||
KINDER MORGAN MATERIALS SERVICES, LLC |
Delaware | 43-1961238 | ||
KINDER MORGAN MID ATLANTIC MARINE SERVICES LLC |
Delaware | 26-1096549 | ||
KINDER MORGAN NATGAS O&M LLC |
Delaware | N/A | ||
KINDER MORGAN NGPL HOLDINGS LLC |
Delaware | 81-0973390 | ||
KINDER MORGAN NORTH TEXAS PIPELINE LLC |
Delaware | 26-0634555 | ||
KINDER MORGAN OPERATING L.P. "A" |
Delaware | 76-0380015 | ||
KINDER MORGAN OPERATING L.P. "B" |
Delaware | 76-0414819 | ||
KINDER MORGAN OPERATING L.P. "C" |
Delaware | 76-0547319 | ||
KINDER MORGAN OPERATING L.P. "D" |
Delaware | 76-0561780 | ||
KINDER MORGAN PECOS LLC |
Delaware | 20-4540914 | ||
KINDER MORGAN PECOS VALLEY LLC |
Delaware | N/A | ||
KINDER MORGAN PETCOKE GP LLC |
Delaware | 16-1721400 | ||
KINDER MORGAN PETCOKE, L.P. |
Delaware | 20-2640394 | ||
KINDER MORGAN PETCOKE LP LLC |
Delaware | 20-2734041 | ||
KINDER MORGAN PETROLEUM TANKERS LLC |
Delaware | N/A | ||
KINDER MORGAN PIPELINE LLC |
Delaware | 36-3547843 | ||
KINDER MORGAN PORT MANATEE TERMINAL LLC |
Delaware | 27-0796736 | ||
KINDER MORGAN PORT SUTTON TERMINAL LLC |
Delaware | 20-0388851 | ||
KINDER MORGAN PORT TERMINALS USA LLC |
Delaware | N/A | ||
KINDER MORGAN PORTLAND JET LINE LLC |
Delaware | 84-1816653 | ||
KINDER MORGAN PRODUCTION COMPANY LLC |
Delaware | 26-0449452 | ||
KINDER MORGAN PRODUCTS TERMINALS LLC |
Delaware | N/A | ||
KINDER MORGAN RAIL SERVICES LLC |
Delaware | 27-4212015 | ||
KINDER MORGAN RESOURCES II LLC |
Delaware | N/A | ||
KINDER MORGAN RESOURCES III LLC |
Delaware | N/A |
Exact name of registrant as specified in its charter
|
State or other jurisdiction of incorporation or organization |
I.R.S. Employer Identification No. |
||
|---|---|---|---|---|
KINDER MORGAN RESOURCES LLC |
Delaware | N/A | ||
KINDER MORGAN SCURRY CONNECTOR LLC |
Delaware | N/A | ||
KINDER MORGAN SEVEN OAKS LLC |
Delaware | 26-0514145 | ||
KINDER MORGAN SNG OPERATOR LLC |
Delaware | N/A | ||
KINDER MORGAN SOUTHEAST TERMINALS LLC |
Delaware | 20-0387389 | ||
KINDER MORGAN TANK STORAGE TERMINALS LLC |
Delaware | 36-2855293 | ||
KINDER MORGAN TEJAS PIPELINE LLC |
Delaware | 26-0449826 | ||
KINDER MORGAN TERMINALS WILMINGTON LLC |
Delaware | 47-3283092 | ||
KINDER MORGAN TEXAS PIPELINE LLC |
Delaware | 26-0449814 | ||
KINDER MORGAN TEXAS TERMINALS, L.P. |
Delaware | 20-4582584 | ||
KINDER MORGAN TRANSMIX COMPANY, LLC |
Delaware | 23-2992048 | ||
KINDER MORGAN TREATING LP |
Delaware | 20-3799420 | ||
KINDER MORGAN URBAN RENEWAL, L.L.C. |
New Jersey | N/A | ||
KINDER MORGAN UTICA LLC |
Delaware | N/A | ||
KINDER MORGAN VEHICLE SERVICES LLC |
Delaware | 81-5441641 | ||
KINDER MORGAN VIRGINIA LIQUIDS TERMINALS LLC |
Delaware | 46-2474610 | ||
KINDER MORGAN WINK PIPELINE LLC |
Delaware | 26-0449718 | ||
KINDERHAWK FIELD SERVICES LLC |
Delaware | 27-2540813 | ||
KM CRANE LLC |
Maryland | 86-1059673 | ||
KM DECATUR LLC |
Delaware | 63-1026019 | ||
KM EAGLE GATHERING LLC |
Delaware | N/A | ||
KM GATHERING LLC |
Delaware | N/A | ||
KM KASKASKIA DOCK LLC |
Delaware | N/A | ||
KM LIQUIDS TERMINALS LLC |
Delaware | 26-0449722 | ||
KM NORTH CAHOKIA LAND LLC |
Delaware | N/A | ||
KM NORTH CAHOKIA SPECIAL PROJECT LLC |
Delaware | N/A | ||
KM NORTH CAHOKIA TERMINAL PROJECT LLC |
Delaware | N/A | ||
KM SHIP CHANNEL SERVICES LLC |
Delaware | 26-4690171 | ||
KM TREATING GP LLC |
Delaware | 27-0864888 | ||
KM TREATING PRODUCTION LLC |
Delaware | N/A | ||
KM UTOPIA OPERATOR LLC |
Delaware | 84-3037112 | ||
KMBT LLC |
Delaware | N/A | ||
KMBT LEGACY HOLDINGS LLC |
Tennessee | 62-1525376 | ||
KNIGHT POWER COMPANY LLC |
Delaware | 26-2988233 | ||
LOMITA RAIL TERMINAL LLC |
Delaware | 72-1552009 | ||
MILWAUKEE BULK TERMINALS LLC |
Wisconsin | 39-1569624 | ||
MJR OPERATING LLC |
Maryland | 86-1059670 | ||
MOJAVE PIPELINE COMPANY, L.L.C. |
Delaware | 76-0145884 | ||
MOJAVE PIPELINE OPERATING COMPANY, L.L.C. |
Texas | 76-0228861 | ||
PADDY RYAN CRANE, LLC |
Louisiana | 84-1620920 | ||
PALMETTO PRODUCTS PIPE LINE LLC |
Delaware | N/A | ||
PI 2 PELICAN STATE LLC |
Delaware | N/A | ||
PINNEY DOCK & TRANSPORT LLC |
Delaware | 34-0758193 | ||
QUEEN CITY TERMINALS LLC |
Delaware | 58-2572406 | ||
RAHWAY RIVER LAND LLC |
Delaware | N/A | ||
RIVER TERMINALS PROPERTIES GP LLC |
Delaware | N/A | ||
RIVER TERMINALS PROPERTIES, L.P. |
Tennessee | 35-1915981 | ||
SCISSORTAIL ENERGY, LLC |
Delaware | 74-2964091 | ||
SNG PIPELINE SERVICES COMPANY, L.L.C. |
Delaware | 26-1102043 | ||
SOUTHERN DOME, LLC |
Delaware | 04-3807363 |
Exact name of registrant as specified in its charter
|
State or other jurisdiction of incorporation or organization |
I.R.S. Employer Identification No. |
||
|---|---|---|---|---|
SOUTHERN GULF LNG COMPANY, L.L.C. |
Delaware | N/A | ||
SOUTHERN LIQUEFACTION COMPANY LLC |
Delaware | N/A | ||
SOUTHERN LNG COMPANY, L.L.C. |
Delaware | 63-0590022 | ||
SOUTHERN OKLAHOMA GATHERING LLC |
Delaware | N/A | ||
SOUTHTEX TREATERS LLC |
Delaware | 45-3909314 | ||
SOUTHWEST FLORIDA PIPELINE LLC |
Delaware | N/A | ||
SRT VESSELS LLC |
Delaware | N/A | ||
STEVEDORE HOLDINGS, L.P. |
Delaware | 20-2640477 | ||
TEJAS GAS, LLC |
Delaware | 76-0619237 | ||
TEJAS NATURAL GAS, LLC |
Delaware | 76-0614235 | ||
TENNESSEE GAS PIPELINE COMPANY, L.L.C. |
Delaware | 74-1056569 | ||
TEXAN TUG LLC |
Delaware | 26-4690640 | ||
TGP PIPELINE SERVICES COMPANY, L.L.C. |
Delaware | 27-4829301 | ||
TRANSCOLORADO GAS TRANSMISSION COMPANY LLC |
Delaware | 26-2061358 | ||
TRANSLOAD SERVICES, LLC |
Illinois | 36-4289637 | ||
UTICA MARCELLUS TEXAS PIPELINE LLC |
Delaware | N/A | ||
WESTERN PLANT SERVICES LLC |
Delaware | 68-0214553 | ||
WYOMING INTERSTATE COMPANY, L.L.C. |
Delaware | 84-0867957 |
PROSPECTUS
KINDER MORGAN, INC.
Debt Securities
Common Stock
Preferred Stock
Depositary Shares
We may from time to time, in one or more offerings, offer and sell an unlimited amount of debt securities and an unlimited number of shares of our Class P common stock, referred to as our "common stock," shares of preferred stock and depositary shares under this prospectus. The debt securities that we may issue from time to time may benefit from a cross guarantee agreement among us and substantially all of our wholly owned subsidiaries. See "Cross Guarantee."
We may offer and sell these securities in amounts, at prices and on terms to be determined by market conditions and other factors at the time of our offerings. This prospectus describes only the general terms of these securities and the general manner in which we will offer the securities. The specific terms of any securities we offer will be included in a supplement to this prospectus. The prospectus supplement also may add, update or change information contained in this prospectus. This prospectus may be used to offer and sell securities only if accompanied by a prospectus supplement. We urge you to read this prospectus and the applicable prospectus supplement carefully before you invest. You should also read the documents we refer to in the section entitled "Where You Can Find More Information" in this prospectus.
Our common stock is listed on the New York Stock Exchange under the symbol "KMI." We will provide information in the related prospectus supplement for the trading market, if any, for any debt securities, preferred stock or depositary shares that may be offered.
Investing in our securities involves risks. You should review carefully the risk factors identified in the documents incorporated by reference herein for a discussion of important risks you should consider before investing in our securities. Also, please read the section entitled "Cautionary Statement Regarding Forward-Looking Statements" in this prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus is July 27, 2020.
You should rely only on the information contained or incorporated by reference in this prospectus or any other information to which we have referred you. We have not authorized anyone to provide you with different information. This prospectus may only be used where it is legal to offer or sell the offered securities. You should not assume that the information in this prospectus is accurate as of any date other than the date on the front cover of this prospectus. You should not assume that the information incorporated by reference in this prospectus is accurate as of any date other than the date the respective information was filed with the Securities and Exchange Commission. Our business, financial condition, results of operations and prospects may have changed since those dates.
i
This prospectus is part of a registration statement on Form S-3 that we filed with the SEC under the Securities Act using a shelf registration process. Using this shelf registration process, we may offer from time to time, in one or more offerings, and sell an unlimited number and amount of any combination of the securities described in this prospectus in one or more offerings at an aggregate initial offering price to be specified at the time of any such offering. This prospectus does not contain all of the information set forth in the registration statement, or the exhibits that are a part of the registration statement, parts of which are omitted as permitted by the rules and regulations of the SEC. For further information about us and about the securities to be sold pursuant to this prospectus, please refer to the information below and to the registration statement and the exhibits that are a part of the registration statement.
Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the terms of that offering and the securities offered by us in that offering. The prospectus supplement may also add, update or change information contained in this prospectus.
As used in this prospectus, the terms "we," "us" and "our" mean Kinder Morgan, Inc. and, unless the context otherwise indicates, include its consolidated subsidiaries.
WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly and other reports, proxy statements and other information with the SEC. The SEC allows us to incorporate by reference into this prospectus the information we file with it, which means that we can disclose important information to you by referring you to those documents. This prospectus contains summaries of certain provisions contained in some of the documents described herein, but reference is made to the actual documents for complete information. All of the summaries are qualified in their entirety by reference to the actual documents. The information incorporated by reference is an important part of this prospectus, and information that we file later with the SEC will automatically update and supersede this information as well as the information included in this prospectus. Some documents or information, such as that called for by Items 2.02 and 7.01 of Form 8-K, or the exhibits related thereto under Item 9.01 of Form 8-K, are deemed furnished and not filed in accordance with SEC rules. None of those documents and none of that information is incorporated by reference into this prospectus. We incorporate by reference the following documents:
- •
- Our Annual Report on
Form 10-K for the year ended December 31, 2019;
- •
- Our Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2020 and June 30, 2020;
- •
- Our Current Reports on Form 8-K filed on
February 25, 2020,
May 18, 2020 and
July 22, 2020 (in each case, to the extent filed and not
furnished);
- •
- Our Registration Statement on
Form 8-A filed on February 10, 2011;
- •
- Our Proxy Statement on
Schedule 14A filed on April 3, 2020; and
- •
- All documents filed with the SEC under Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") between the date of this prospectus and the completion of the sale of securities offered hereby.
The SEC maintains an Internet website that contains reports, proxy and information statements and other material that are filed through the SEC's Electronic Data Gathering, Analysis and Retrieval (EDGAR) System. This system can be accessed at http://www.sec.gov. You can find information we file with the SEC by reference to our company name or to our SEC file number, 1-35081. Our SEC filings are also available to the public through the New York Stock Exchange, on which our common stock is listed, at 11 Wall Street, New York, New York 10005.
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We will provide a copy of any document incorporated by reference in this prospectus and any exhibit specifically incorporated by reference in those documents, without charge, by written or oral request directed to us at the following address and telephone number:
Kinder
Morgan, Inc.
Investor Relations Department
1001 Louisiana Street, Suite 1000
Houston, Texas 77002
(713) 369-9000
Our internet address is www.kindermorgan.com. Information on our website is not part of, and is not incorporated by reference into, this prospectus.
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We are a publicly traded Delaware corporation, with our common stock traded on The New York Stock Exchange under the symbol "KMI." We are one of the largest energy infrastructure companies in North America. We own an interest in or operate approximately 83,000 miles of pipelines and 147 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, carbon dioxide ("CO2") and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke.
The address of our principal executive offices is 1001 Louisiana Street, Suite 1000, Houston, Texas 77002, and our telephone number at this address is (713) 369-9000.
Unless we inform you otherwise in a prospectus supplement, we intend to use the net proceeds from the sale of securities we are offering for general corporate purposes. This may include, among other things, additions to working capital, repayment or refinancing of existing indebtedness or other corporate obligations, financing of capital expenditures and acquisitions, investment in existing and future projects, and repurchases and redemptions of securities. Pending any specific application, we may initially invest funds in short-term marketable securities or apply them to the reduction of other indebtedness.
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DESCRIPTION OF DEBT SECURITIES
General
We may issue debt securities from time to time in one or more series. The debt securities will be:
- •
- our direct unsecured general obligations; and
- •
- either senior debt securities or subordinated debt securities.
Senior debt securities will be issued under a senior indenture dated as of March 1, 2012, between Kinder Morgan, Inc. and U.S. Bank National Association, as trustee, which we call the senior indenture, and subordinated debt securities will be issued under a subordinated indenture dated as of March 1, 2012, between Kinder Morgan, Inc. and U.S. Bank National Association, as trustee, which we call the subordinated indenture. Together the senior indenture and the subordinated indenture are called the indentures, and the senior debt securities and the subordinated debt securities are called debt securities.
We have not restated these indentures in their entirety. The indentures are filed as exhibits to the registration statement of which this prospectus is a part. We urge you to read the indentures, because they, and not this description, control your rights as holders of the debt securities. In the summary below, we have included references to section numbers of the applicable indenture so that you can easily locate these provisions. Capitalized terms used in the summary have the meanings specified in the indentures. In this section, the words "we," "us" and "our" refer only to Kinder Morgan, Inc. and not to any of its subsidiaries or affiliates.
Neither indenture limits the amount of debt securities that we may issue under the indenture from time to time in one or more series. We may in the future issue debt securities under either indenture, in addition to the debt securities offered pursuant to this prospectus. As of the date of this prospectus, $10.9 billion of debt securities were outstanding under the senior indenture and no debt securities were outstanding under the subordinated indenture.
Neither indenture contains provisions that would afford holders of debt securities protection in the event of a sudden and significant decline in our credit quality or a takeover, recapitalization or highly leveraged or similar transaction. Accordingly, in the future we could enter into transactions that could increase the amount of indebtedness outstanding at that time or otherwise adversely affect our capital structure or credit ratings.
None of the debt securities will be secured by our property or assets or those of our subsidiaries. Neither indenture requires our subsidiaries to guarantee the debt securities. The cross guarantee agreement described under "Cross Guarantee" is not a part of either indenture, and none of our subsidiaries is or will be a party to either indenture.
The registered holder of a debt security will be treated as the owner of it for all purposes. Only registered holders have rights under an indenture. References in this section to holders mean only registered holders of debt securities. See "—Form, Denomination and Registration; Book-Entry Only System."
Specific Terms of Each Series of Debt Securities in the Prospectus Supplement
A prospectus supplement and any supplemental indenture or other necessary corporate action taken pursuant to an indenture relating to any series of debt securities being offered will include specific terms relating to the offering. Examples of these terms include the following:
- •
- the form and title of the debt securities;
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- •
- whether the debt securities are senior debt securities or subordinated debt securities and the terms of subordination;
- •
- the total principal amount of the debt securities;
- •
- the portion of the principal amount which will be payable if the maturity of the debt securities is accelerated;
- •
- the currency or currency unit in which the debt securities will be paid, if not U.S. dollars;
- •
- any right we may have to defer payments of interest by extending the dates payments are due and whether interest on those deferred amounts will
be payable as well;
- •
- the place where the principal of, and premium, if any, and interest on, any debt securities will be payable;
- •
- the dates on which the principal of the debt securities will be payable;
- •
- the rate at which the debt securities will bear interest and the interest payment dates for the debt securities;
- •
- any optional redemption provisions;
- •
- any sinking fund or other provisions that would obligate us to repurchase or otherwise redeem the debt securities;
- •
- any changes to or additional events of default or covenants;
- •
- any change in the trustee, paying agent or security registrar; and
- •
- any other terms of the debt securities. (Section 301)
We will maintain in each place specified by us for payment of any series of debt securities an office or agency where debt securities of that series may be presented or surrendered for payment, where debt securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon us in respect of the debt securities of that series and the related indenture may be served. (Section 1002)
Debt securities may be issued under an indenture as Original Issue Discount Securities to be offered and sold at a substantial discount below their principal amount. Material federal income tax, accounting and other considerations applicable to any such Original Issue Discount Securities will be described in any related prospectus supplement. "Original Issue Discount Security" means any security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof as a result of the occurrence of an event of default and the continuation thereof. (Section 101)
Provisions Only in the Senior Indenture
The senior debt securities will rank equally in right of payment with all of our other senior and unsubordinated Debt. The senior indenture contains provisions that:
- •
- limit our ability to put liens on assets constituting our Principal Property; and
- •
- limit our ability to sell and lease back our Principal Property.
The subordinated indenture does not contain any similar provisions.
We have described below these provisions and some of the defined terms used in the senior indenture.
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Limitations on Liens
The senior indenture provides that we will not, nor will we permit any Subsidiary to, create, assume, incur or suffer to exist any lien upon any Principal Property, as defined below, or upon any shares of Capital Stock of any Subsidiary owning or leasing any Principal Property, whether owned or leased on the date of the senior indenture or thereafter acquired, to secure any of our Debt or the Debt of any other Person, other than the senior debt securities issued under the senior indenture, without in any such case making effective provision whereby all of the senior debt securities outstanding thereunder shall be secured equally and ratably with, or prior to, that Debt so long as that Debt is so secured.
"Principal Property" means, whether owned or leased on the date of the senior indenture or thereafter acquired:
(a) any pipeline assets of ours or of any Subsidiary, including any related facilities employed in the transportation, distribution, storage or marketing of refined petroleum products, natural gas liquids and carbon dioxide, that are located in the United States or any territory or political subdivision thereof; and
(b) any processing or manufacturing plant or terminal owned or leased by us or any Subsidiary that is located in the United States or any territory or political subdivision thereof,
except, in the case of either of the foregoing clauses (a) or (b):
- •
- any such assets consisting of inventories, furniture, office fixtures and equipment (including data processing equipment), vehicles and
equipment used on, or useful with, vehicles; and
- •
- any such assets, plant or terminal which, in the opinion of our board of directors, is not material in relation to our activities or to our activities and those of our Subsidiaries, taken as a whole.
This restriction does not apply to:
(1) Permitted Liens, as defined below;
(2) any lien upon any property or assets created at the time of acquisition of such property or assets by us or any Subsidiary or within one year after such time to secure all or a portion of the purchase price for such property or assets or Debt incurred to finance such purchase price, whether such Debt was incurred prior to, at the time of or within one year after the date of such acquisition;
(3) any lien upon any property or assets to secure all or part of the cost of construction, development, repair or improvements thereon or to secure Debt incurred prior to, at the time of, or within one year after completion of such construction, development, repair or improvements or the commencement of full operations thereof, whichever is later, to provide funds for that purpose;
(4) any lien upon any property or assets existing thereon at the time of the acquisition thereof by us or any Subsidiary; provided, however, that such lien only encumbers the property or assets so acquired;
(5) any lien upon any property or assets of a Person existing thereon at the time such Person becomes a Subsidiary by acquisition, merger or otherwise; provided, however, that such lien only encumbers the property or assets of such Person at the time such Person becomes a Subsidiary;
(6) with respect to any series, any lien upon any property or assets of ours or any Subsidiary in existence on the date the senior debt securities of such series are first issued or provided for pursuant to agreements existing on such date;
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(7) liens imposed by law or order as a result of any proceeding before any court or regulatory body that is being contested in good faith, and liens which secure a judgment or other court-ordered award or settlement as to which we have, or the applicable Subsidiary has, not exhausted our appellate rights;
(8) any extension, renewal, refinancing, refunding or replacement, or successive extensions, renewals, refinancing, refunding or replacements, of liens, in whole or in part, referred to in clauses (1) through (7), inclusive, above; provided, however, that any such extension, renewal, refinancing, refunding or replacement lien shall be limited to the property or assets covered by the lien extended, renewed, refinanced, refunded or replaced and that the obligations secured by any such extension, renewal, refinancing, refunding or replacement lien shall be in an amount not greater than the amount of the obligations secured by the lien extended, renewed, refinanced, refunded or replaced and any expenses of ours and our Subsidiaries, including any premium, incurred in connection with such extension, renewal, refinancing, refunding or replacement; or
(9) any lien resulting from the deposit of moneys or evidence of indebtedness in trust for the purpose of defeasing any of our Debt or Debt of any Subsidiary.
Notwithstanding the foregoing, under the senior indenture, we may, and may permit any Subsidiary to, create, assume, incur, or suffer to exist any lien upon any Principal Property to secure our Debt or the Debt of any other Person, other than the senior debt securities, that is not excepted by clauses (1) through (9), inclusive, above without securing the senior debt securities issued under the senior indenture; provided that the aggregate principal amount of all Debt then outstanding secured by such lien and all similar liens, together with all Attributable Indebtedness, as defined below, from Sale-Leaseback Transactions (excluding Sale-Leaseback Transactions permitted by clauses (1) through (4), inclusive, of the first paragraph of the restriction on sale-leasebacks covenant described below) does not exceed 10% of Consolidated Net Tangible Assets, as defined below. (Section 1005 of the senior indenture)
"Permitted Liens" means:
(1) liens upon rights-of-way for pipeline purposes;
(2) any statutory or governmental lien or lien arising by operation of law, or any mechanics', repairmen's, materialmen's, suppliers', carriers', landlords', warehousemen's or similar lien incurred in the ordinary course of business which is not yet due or which is being contested in good faith by appropriate proceedings and any undetermined lien which is incidental to construction, development, improvement or repair;
(3) the right reserved to, or vested in, any municipality or public authority by the terms of any right, power, franchise, grant, license, permit or by any provision of law, to purchase or recapture or to designate a purchaser of, any property;
(4) liens of taxes and assessments which are (A) for the then current year, (B) not at the time delinquent, or (C) delinquent but the validity of which is being contested at the time by us or any Subsidiary in good faith;
(5) liens of, or to secure performance of, leases, other than capital leases;
(6) any lien upon, or deposits of, any assets in favor of any surety company or clerk of court for the purpose of obtaining indemnity or stay of judicial proceedings;
(7) any lien upon property or assets acquired or sold by us or any Subsidiary resulting from the exercise of any rights arising out of defaults on receivables;
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(8) any lien incurred in the ordinary course of business in connection with workmen's compensation, unemployment insurance, temporary disability, social security, retiree health or similar laws or regulations or to secure obligations imposed by statute or governmental regulations;
(9) any lien in favor of us or any Subsidiary;
(10) any lien in favor of the United States or any state thereof, or any department, agency or instrumentality or political subdivision of the United States or any state thereof, to secure partial, progress, advance, or other payments pursuant to any contract or statute, or any Debt incurred by us or any Subsidiary for the purpose of financing all or any part of the purchase price of, or the cost of constructing, developing, repairing or improving, the property or assets subject to such lien;
(11) any lien securing industrial development, pollution control or similar revenue bonds;
(12) any lien securing our Debt or Debt of any Subsidiary, all or a portion of the net proceeds of which are used, substantially concurrent with the funding thereof (and for purposes of determining such "substantial concurrence," taking into consideration, among other things, required notices to be given to holders of outstanding senior debt securities under the senior indenture in connection with such refunding, refinancing or repurchase, and the required corresponding durations thereof), to refinance, refund or repurchase all outstanding senior debt securities under the senior indenture, including the amount of all accrued interest thereon and reasonable fees and expenses and premium, if any, incurred by us or any Subsidiary in connection therewith;
(13) liens in favor of any Person to secure obligations under the provisions of any letters of credit, bank guarantees, bonds or surety obligations required or requested by any governmental authority in connection with any contract or statute; or
(14) any lien upon or deposits of any assets to secure performance of bids, trade contracts, leases or statutory obligations.
"Consolidated Net Tangible Assets" means, at any date of determination, the total amount of assets after deducting therefrom:
- •
- all current liabilities, excluding:
- •
- any current liabilities that by their terms are extendable or renewable at the option of the obligor thereon to a time more than
12 months after the time as of which the amount thereof is being computed;
- •
- current maturities of long-term Debt; and
- •
- the value, net of any applicable reserves, of all goodwill, trade names, trademarks, patents and other like intangible assets,
all as set forth, or on a pro forma basis would be set forth, on our consolidated balance sheet for our most recently completed fiscal quarter, prepared in accordance with generally accepted accounting principles.
Restriction on Sale-Leasebacks
The senior indenture provides that we will not, and will not permit any Subsidiary to, engage in the sale or transfer by us or any Subsidiary of any Principal Property to a Person, other than us or a Subsidiary, and the taking back by us or any Subsidiary, as the case may be, of a lease of such Principal Property, called a "Sale-Leaseback Transaction" in the senior indenture, unless:
(1) such Sale-Leaseback Transaction occurs within one year from the date of completion of the acquisition of the Principal Property subject thereto or the date of the completion of
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- •
- the prepayment, repayment, redemption, reduction or retirement of any of our Debt or the Debt of any Subsidiary that is not
subordinated to the senior debt securities, or
- •
- the expenditure or expenditures for Principal Property used or to be used in the ordinary course of our business or the business of our Subsidiaries.
construction, development or substantial repair or improvement, or commencement of full operations on such Principal Property, whichever is later;
(2) the Sale-Leaseback Transaction involves a lease for a period, including renewals, of not more than three years;
(3) we or the Subsidiary would be entitled to incur Debt secured by a lien on the Principal Property subject thereto in a principal amount equal to or exceeding the Attributable Indebtedness from such Sale-Leaseback Transaction without equally and ratably securing the senior debt securities; or
(4) we or the Subsidiary, within a one-year period after such Sale-Leaseback Transaction, applies or causes to be applied an amount not less than the Attributable Indebtedness from such Sale-Leaseback Transaction to:
"Attributable Indebtedness," when used with respect to any Sale-Leaseback Transaction, means, as at the time of determination, the present value, discounted at the rate set forth or implicit in the terms of the lease included in such transaction, of the total obligations of the lessee for rental payments (other than amounts required to be paid on account of property taxes, maintenance, repairs, insurance, assessments, utilities, operating and labor costs and other items that do not constitute payments for property rights) during the remaining term of the lease included in such Sale-Leaseback Transaction, including any period for which such lease has been extended. In the case of any lease that is terminable by the lessee upon the payment of a penalty or other termination payment, such amount shall be the lesser of the amount determined assuming termination upon the first date such lease may be terminated, in which case the amount shall also include the amount of the penalty or termination payment, but no rent shall be considered as required to be paid under such lease subsequent to the first date upon which it may be so terminated, or the amount determined assuming no such termination.
Notwithstanding the foregoing, under the senior indenture we may, and may permit any Subsidiary to, effect any Sale-Leaseback Transaction that is not excepted by clauses (1) through (4), inclusive, of the first paragraph under "—Restriction on Sale-Leasebacks," provided that the Attributable Indebtedness from such Sale-Leaseback Transaction, together with the aggregate principal amount of outstanding Debt (other than the senior debt securities) secured by liens upon Principal Properties not excepted by clauses (1) through (9), inclusive, of the first paragraph of the limitation on liens covenant described above, do not exceed 10% of Consolidated Net Tangible Assets. (Section 1006 of the senior indenture)
Provisions Only in the Subordinated Indenture
Subordinated Debt Securities Subordinated to Some Other Debt
Any subordinated debt securities will be unsecured and will be subordinate and junior in priority of payment to some of our other debt to the extent described in a prospectus supplement. (Section 1401 of the subordinated indenture)
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Provisions in Both Indentures
Consolidation, Merger or Asset Sale
Both indentures generally allow us to consolidate or merge with a Person. They also allow us to sell, lease or transfer our property and assets substantially as an entirety to a Person.
However, we will only consolidate or merge with or into any other Person or sell, lease or transfer our assets substantially as an entirety according to the terms and conditions of the indentures, which include the following requirements:
- •
- the remaining or acquiring Person is organized under the laws of the United States, any state or the District of Columbia;
- •
- the remaining or acquiring Person assumes all of our responsibilities and liabilities under the indentures, including the payment of all
amounts due on the debt securities and performance of the covenants in the indentures; and
- •
- immediately after giving effect to the transaction, no event which is, or after notice or lapse of time or both would become, an Event of Default, as defined below, exists.
The remaining or acquiring Person will be substituted for us in the indentures with the same effect as if it had been an original party to the indentures. Thereafter, the successor may exercise our rights and powers under the indentures, in our name or in its own name. If we sell or transfer our assets substantially as an entirety, we will be released from all our liabilities and obligations under the indentures and the debt securities. If we lease our assets substantially as an entirety, we will not be released from our obligations under the indentures and the debt securities. (Sections 801 and 802)
Events of Default and Remedies
"Event of Default," with respect to any series of debt securities, when used in an indenture, means any of the following:
- •
- failure to pay the principal of or any premium on any debt security of that series when due;
- •
- failure to pay interest on any debt security of that series for 30 days;
- •
- failure to perform, or breach of, any term, covenant or warranty in the indenture, other than a term, covenant or warranty a default in the
performance of which has expressly been included in the indenture solely for the benefit of one or more series of debt securities other than that series, that continues for 90 days after we are
given written notice by the trustee or holders of at least 25% in principal amount of all the outstanding debt securities of that series;
- •
- our bankruptcy, insolvency or reorganization; or
- •
- any other Event of Default included in the indenture or any supplemental indenture with respect to debt securities of a particular series. (Section 501)
If an Event of Default with respect to a series of debt securities occurs and is continuing, upon written notice, the trustee or the holders of at least 25% in principal amount of all the outstanding debt securities of a particular series may declare the principal of all the debt securities of that series to be due and payable. When such declaration is made, such amounts will be immediately due and payable. The holders of a majority in principal amount of the outstanding debt securities of such series may rescind such declaration and its consequences if all existing Events of Default have been cured or waived before judgment has been obtained, other than nonpayment of principal or interest that has become due solely as a result of acceleration. (Section 502)
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Holders of a series of debt securities may not enforce the indenture or the series of debt securities, except as provided in the indenture or a series of debt securities. (Section 507) The trustee may require indemnity satisfactory to it before it enforces the indenture or such series of debt securities. (Section 603) The trustee may withhold notice to the holders of debt securities of any default, except in the payment of principal or interest, if it considers such withholding of notice to be in the best interests of the holders. (Section 602)
Other than its duties in case of a default, a trustee is not obligated to exercise any of its rights or powers under any indenture at the request, order or direction of any holders, unless the holders offer the trustee reasonable indemnity. (Section 601) If they provide this reasonable indemnification, the holders of a majority in principal amount of any series of debt securities may direct the time, method and place of conducting any proceeding or any remedy available to the trustee, or exercising any power conferred upon the trustee, for any series of debt securities. (Section 512)
An Event of Default for a particular series of debt securities does not necessarily constitute an Event of Default for any other series of debt securities issued under an indenture. Further, an Event of Default under our other indebtedness will not necessarily constitute an event of default under the debt securities of any series issued under one of these indentures or vice versa.
Holders of beneficial interests in global notes as described under "—Form, Denomination and Registration; Book-Entry Only System" are not registered holders for purposes of the indentures and should consult their banks or brokers for information on how to give notice or direction to or make requests of the trustee or how to declare or cancel an acceleration of the maturity with respect to a series of debt securities.
Modification of Indentures
Under each indenture, generally we and the trustee may modify our rights and obligations and the rights of the holders with the consent of the holders of a majority in aggregate principal amount of the outstanding debt securities of all series affected by the modification, voting as one class.
No modification of the principal or interest payment terms, no modification reducing the percentage required for modifications and no modification impairing the right to institute suit for the payment on debt securities of any series when due, is effective against any holder without its consent. (Section 902)
In addition, we and the trustee may amend the indentures without the consent of any holder of the debt securities to make certain technical changes, such as:
- •
- curing ambiguities or correcting defects or inconsistencies;
- •
- evidencing the succession of another Person to us, and the assumption by that successor of our obligations under the applicable indenture and
the debt securities of any series;
- •
- providing for a successor trustee;
- •
- qualifying the indentures under the Trust Indenture Act;
- •
- complying with the rules and regulations of any securities exchange or automated quotation system on which debt securities of any series may be
listed or traded;
- •
- supplementing any provisions of the indentures to permit the defeasance and discharge of debt securities of any series, provided that such
action does not adversely affect the interests of holders of debt securities of that or any other series;
- •
- adding or changing provisions relating to a particular series of debt securities that does not affect the rights of any holder in any material respect; or
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- •
- adding, changing or eliminating provisions relating to a particular series of debt securities to be issued. (Section 901)
Defeasance
At any time we may terminate all our obligations under an indenture as it relates to the notes of any series, a process commonly called "legal defeasance," except for certain obligations, including those respecting the defeasance trust described below, and obligations to register the transfer of or to exchange the notes of that series, to replace mutilated, destroyed, lost or stolen notes of that series and to maintain a registrar and paying agent in respect of such notes. (Section 1302)
We also at any time may terminate our obligations under covenant restrictions on the debt securities of any series by a process commonly called "covenant defeasance." (Section 1303)
We may exercise our legal defeasance option notwithstanding the prior exercise of our covenant defeasance option. If we exercise our legal defeasance option, payment of the notes of the defeased series may not be accelerated because of an Event of Default. If we exercise our covenant defeasance option for the notes of a particular series, payment of the debt securities of that series may not be accelerated because of an Event of Default specified in the third bullet point under "—Events of Default and Remedies" above.
We may exercise either defeasance option at any time on or following the 91st day after we irrevocably deposit in trust (the "defeasance trust") with the trustee money, U.S. Government Obligations (as defined in the indentures) or a combination thereof for the payment of principal, premium, if any, and interest on the debt securities of the relevant series to redemption or stated maturity, as the case may be, and comply with certain other conditions, including delivery to the trustee of an opinion of counsel (subject to customary exceptions and exclusions) to the effect that holders of the debt securities of that series will not recognize income, gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal income tax on the same amounts and in the same manner and at the same times as would have been the case if such defeasance had not occurred. In the case of legal defeasance only, such opinion of counsel must be based on a ruling of the Internal Revenue Service or other change in applicable federal income tax law.
In the event of any legal defeasance, holders of the debt securities of the relevant series would be entitled to look only to the defeasance trust for payment of principal of and any premium and interest on their debt securities until maturity.
Although the amount of money and U.S. Government Obligations on deposit with the trustee would be intended to be sufficient to pay amounts due on the debt securities of a defeased series at the time of their stated maturity, if we exercise our covenant defeasance option for the debt securities of any series and the debt securities are declared due and payable because of the occurrence of an Event of Default, such amount may not be sufficient to pay amounts due on the notes of that series at the time of the acceleration resulting from such Event of Default. However, in that circumstance we would remain liable for such payments.
Discharge
We may discharge all our obligations under an indenture with respect to the notes of any series, other than our obligation to register the transfer of and to exchange notes of that series, when either:
- •
- all outstanding notes of that series, except lost, stolen or destroyed notes that have been replaced or paid and notes for whose payment money has been deposited in trust and thereafter repaid to us, have been delivered to the trustee for cancellation; or
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- •
- all such notes not so delivered for cancellation have either become due and payable or will become due and payable at their stated maturity within one year or are to be called for redemption within one year, and we have deposited with the trustee in trust an amount of cash sufficient to pay the entire indebtedness of such notes, including interest to the stated maturity or applicable redemption date. (Section 401)
Concerning the Trustee
U.S. Bank National Association is the trustee under the senior indenture and the subordinated indenture. The corporate trust office of the trustee is located at 8 Greenway Plaza, Suite 1100, Houston, Texas 77046.
Under provisions of the indentures and the Trust Indenture Act governing trustee conflicts of interest, any uncured Event of Default with respect to any series of senior debt securities will force the trustee to resign as trustee under either the subordinated indenture or the senior indenture. Also, any uncured Event of Default with respect to any series of subordinated debt securities will force the trustee to resign as trustee under either the senior indenture or the subordinated indenture. Any resignation will require the appointment of a successor trustee under the applicable indenture in accordance with its terms and conditions.
The trustee may resign or be removed by us with respect to one or more series of debt securities and a successor trustee may be appointed to act with respect to any such series. The holders of a majority in aggregate principal amount of the debt securities of any series may remove the trustee with respect to the debt securities of such series. (Section 610)
Each indenture contains certain limitations on the right of the trustee thereunder, in the event that it becomes our creditor, to obtain payment of claims in some cases, or to realize on property received in respect of any such claim, as security or otherwise. (Section 613)
The trustee is required to submit an annual report to the holders of the debt securities regarding, among other things, the trustee's eligibility to serve as such, the priority of the trustee's claims regarding certain advances made by it, and any action taken by the trustee materially affecting the debt securities. (Section 703)
Each indenture provides that, in addition to other certificates or opinions that may be specifically required by other provisions of an indenture, every application by us for action by the trustee shall be accompanied by a certificate of certain of our officers and an opinion of counsel, who may be our counsel, stating that, in the opinion of the signers, we have complied with all conditions precedent to the action. (Section 102)
Governing Law
The indentures are and the debt securities will be governed by the laws of the State of New York. (Section 112)
No Personal Liability of Our Directors, Officers, Employees, Agents or Shareholders
Our directors, officers, employees, agents and shareholders will not have any liability for our obligations under the indentures or the debt securities or for any certificate or similar writing delivered pursuant to the indentures. Each holder of debt securities, by accepting a debt security, waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the debt securities. (Section 116)
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Form, Denomination and Registration; Book-Entry Only System
Unless otherwise indicated in a prospectus supplement, the debt securities of a series will be issued only in fully registered form, without coupons, in denominations of $1,000 or integral multiples thereof. (Section 302) You will not have to pay a service charge to transfer or exchange debt securities of a series, but we may require you to pay for taxes or other governmental charges due upon a transfer or exchange. (Section 305)
Unless otherwise indicated in a prospectus supplement, each series of debt securities will be deposited with, or on behalf of, The Depository Trust Company ("DTC") or any successor depositary, which we call a depositary, and will be represented by one or more global notes registered in the name of Cede & Co., as nominee of DTC. The interests of beneficial owners in the global notes will be represented through financial institutions acting on their behalf as direct or indirect participants in DTC.
Ownership of beneficial interests in a global note will be limited to persons, called participants, who have accounts with DTC or persons who hold interests through participants. Ownership of beneficial interests in the global notes will be shown on, and the transfer of these ownership interests will be effected only through, records maintained by DTC or its nominee (with respect to interests of participants) and the records of participants (with respect to interests of persons other than participants).
So long as DTC, or its nominee, is the registered owner or holder of a global note, DTC or such nominee, as the case may be, will be considered the sole owner or holder of the debt securities of that series represented by such global note for all purposes of the indenture, the debt securities of that series and applicable law. Accordingly, owners of interests in global notes will not be considered registered owners or holders of the global notes. In addition, no beneficial owner of an interest in a global note will be able to transfer that interest except in accordance with DTC's applicable procedures, in addition to those under the applicable indenture.
Payments on debt securities represented by global notes will be made to DTC or its nominee, as the registered owner thereof. Neither we, the trustee, any underwriter nor any paying agent will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in global notes, for maintaining, supervising or reviewing any records relating to such beneficial ownership interests or for any action taken or omitted to be taken by the depositary or any participant.
We expect that DTC or its nominee will credit participants' accounts on the payable date with payments in respect of a global note in amounts proportionate to their respective beneficial interest in the principal amount of such global note as shown on the records of DTC or its nominee, unless DTC has reason to believe that it will not receive payment on the payable date. We also expect that payments by participants to owners of beneficial interests in such global note held through such participants will be governed by standing instructions and customary practices, as is now the case with securities held for the accounts of customers registered in "street name." Such payments will be the responsibility of such participants.
Transfers between participants in DTC will be effected in accordance with DTC rules. The laws of some states require that certain persons take physical delivery of securities in definitive form. Consequently, the ability to transfer beneficial interests in a global note to such persons may be impaired. Because DTC can only act on behalf of participants, who in turn act on behalf of others, such as securities brokers and dealers, banks and trust companies, called indirect participants, the ability of a person having a beneficial interest in a global note to pledge that interest to persons or entities that do not participate in the DTC system, or otherwise take actions in respect of that interest, may be impaired by the lack of a physical certificate of that interest.
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DTC will take any action permitted to be taken by a holder of debt securities of a series only at the direction of one or more participants to whose account interests in global notes are credited and only in respect of such portion of the aggregate principal amount of the debt securities of a series as to which such participant or participants has or have given such direction.
If:
- •
- DTC notifies us that it is unwilling or unable to continue as depositary or if it ceases to be eligible under the applicable indenture and we
do not appoint a successor depositary within 90 days, or
- •
- an event of default with respect to a series of debt securities shall have occurred and be continuing,
the respective global notes representing the affected series of debt securities will be exchanged for debt securities in definitive form of like tenor and of an equal aggregate principal amount, in authorized denominations. Such definitive debt securities shall be registered in such name or names as the depositary shall instruct the trustee. Such instructions will most likely be based upon directions received by the depositary from participants with respect to ownership of beneficial interests in global notes.
DTC is a limited-purpose trust company organized under the New York Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code and a "clearing agency" registered pursuant to the provisions of Section 17A of the Exchange Act. DTC holds securities that its participants deposit with DTC and facilitates the settlement among participants of securities transactions, such as transfers and pledges, in deposited securities through electronic computerized book-entry changes in participants' accounts, thereby eliminating the need for physical movement of securities certificates. Direct participants include securities brokers and dealers, banks, trust companies, clearing corporations and certain other organizations. DTC is owned by a number of its direct participants, including those who may act as underwriters of our debt securities. Access to the DTC system is also available to others such as indirect participants that clear through or maintain a custodial relationship with a direct participant, either directly or indirectly. The rules applicable to DTC and its participants are on file with the SEC.
Although DTC has agreed to the foregoing procedures in order to facilitate transfers of interests in global notes among participants of DTC, it is under no obligation to perform or continue to perform such procedures and may discontinue such procedures at any time. Neither we, the trustee, any underwriter nor any paying agent will have any responsibility for the performance by DTC or its participants or indirect participants of their respective obligations under the rules and procedures governing their operations.
Investors may hold interests in the notes outside the United States through the Euroclear System ("Euroclear") or Clearstream Banking ("Clearstream") if they are participants in those systems, or indirectly through organizations which are participants in those systems. Euroclear and Clearstream will hold interests on behalf of their participants through customers' securities accounts in Euroclear's and Clearstream's names on the books of their respective depositaries which in turn will hold such positions in customers' securities accounts in the names of the nominees of the depositaries on the books of DTC. All securities in Euroclear or Clearstream are held on a fungible basis without attribution of specific certificates to specific securities clearance accounts.
Transfers of notes by persons holding through Euroclear or Clearstream participants will be effected through DTC, in accordance with DTC's rules, on behalf of the relevant European international clearing system by its depositaries; however, such transactions will require delivery of exercise instructions to the relevant European international clearing system by the participant in such system in accordance with its rules and procedures and within its established deadlines (European
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time). The relevant European international clearing system will, if the exercise meets its requirements, deliver instructions to its depositaries to take action to effect exercise of the notes on its behalf by delivering notes through DTC and receiving payment in accordance with its normal procedures for next-day funds settlement. Payments with respect to the notes held through Euroclear or Clearstream will be credited to the cash accounts of Euroclear participants in accordance with the relevant system's rules and procedures, to the extent received by its depositaries.
Although DTC, Euroclear and Clearstream have agreed to the foregoing procedures in order to facilitate transfers of debt securities among participants of DTC, Euroclear and Clearstream, they are under no obligation to perform or continue to perform such procedures and they may discontinue the procedures at any time.
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On November 26, 2014, we entered into a cross guarantee agreement, which we refer to as the "Cross Guarantee Agreement" with substantially all of our wholly owned subsidiaries whereby each party to the agreement, including us, agrees to unconditionally guarantee certain indebtedness of each other party to the agreement.
The Cross Guarantee Agreement is filed as an exhibit to our Annual Report on Form 10-K for the year ended December 31, 2019, and as updates are made to the guarantors and guaranteed obligations thereunder, we file updated versions of the Cross Guarantee Agreement as exhibits to our subsequent Exchange Act reports. See "Where You Can Find More Information." The following description is a summary of the material provisions of the Cross Guarantee Agreement. This summary does not purport to be complete and may not contain all of the information about the Cross Guarantee Agreement that is important to investors in our debt securities. We encourage investors to read carefully the Cross Guarantee Agreement in its entirety before making any investment decision. In this section, the words "we," "us" and "our" refer only to Kinder Morgan, Inc. and not to any of its subsidiaries or affiliates.
General
We and substantially all of our wholly owned subsidiaries, which we collectively refer to as the "Guarantors," are parties to the Cross Guarantee Agreement. Each Guarantor jointly and severally, unconditionally and irrevocably, guarantees, as primary obligor, the prompt and complete payment when due (whether at the stated maturity by acceleration or otherwise) of the obligations subject to the agreement, which we refer to as the "Guaranteed Obligations." The Guaranteed Obligations are set forth on a schedule to the agreement, which will be amended from time to time in accordance with the terms of the agreement. We expect that the debt securities that may be offered and sold hereunder will be Guaranteed Obligations.
The guarantees under the Cross Guarantee Agreement are made for the benefit of, and may be enforced by, the "Guaranteed Parties," which in the case of our debt securities means the holders of such debt securities, as discussed under "Description of Debt Securities." We will provide a copy of the Cross Guarantee Agreement, including the most recently amended schedules and supplements thereto, to any Guaranteed Party upon written request to us at the address set forth in the agreement; provided that this obligation will be deemed to be satisfied if we have filed a copy of the agreement, including the most recently amended schedules and supplements thereto, with the SEC within three months preceding the date on which we receive such written request.
Additional Guarantors and Guaranteed Obligations
We will cause each "Subsidiary" (as defined in the Cross Guarantee Agreement) that is not an "Excluded Subsidiary" (as defined in the Cross Guarantee Agreement) formed or otherwise purchased or acquired after the date of the Cross Guarantee Agreement (including any Subsidiary that ceases to constitute an Excluded Subsidiary) to execute a supplement to the agreement and become a Guarantor within 45 days of the occurrence of the event that requires such entity to become a Guarantor.
Any "Indebtedness" issued by a Guarantor or for which a Guarantor otherwise becomes obligated after the date of the agreement will become a Guaranteed Obligation upon the execution by all Guarantors of a notation of guarantee, which will be affixed to the instrument or instruments evidencing such Indebtedness. "Indebtedness" generally means any senior, unsecured obligation for borrowed money and any payment obligation with respect to obligations under certain hedging agreements.
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Release of Guarantors and Guaranteed Obligations
A Guarantor will be automatically released from its guarantee under the Cross Guarantee Agreement upon release of such Guarantor from the guarantee under our revolving credit facility, including upon consummation of any transaction resulting in such Guarantor ceasing to constitute a Subsidiary or upon any Guarantor becoming an Excluded Subsidiary. Such a transaction or event is referred to as a "Release Event."
Upon the occurrence of a Release Event, each Guaranteed Obligation for which such released Guarantor was the issuer will be automatically released from the provisions of the Cross Guarantee Agreement and will cease to constitute a Guaranteed Obligation; provided that in the case of any Guaranteed Obligation that has been assigned an investment grade rating by specified rating agencies, such Guaranteed Obligation will be released, effective as of the 91st day after the occurrence of the Release Event, if and only if a "Rating Decline" with respect to such Guaranteed Obligation does not occur. "Rating Decline" generally means the occurrence of the following on, or within 90 days after, the date of the occurrence of a Release Event or of public notice of the intention to effect a Release Event (which period may be extended so long as the rating of such Guaranteed Obligation is under publicly announced consideration for possible downgrade by either of the specified rating agencies): (i) in the event the applicable Guaranteed Obligation is assigned an investment grade rating by both rating agencies on the date immediately prior to the Release Event or public notice of the intention to effect the Release Event, the rating of such Guaranteed Obligation by one or both of the rating agencies is below an investment grade rating; or (ii) in the event such Guaranteed Obligation is rated below an investment grade rating by either of the Rating Agencies on such date, any such below- investment grade rating is decreased by one or more gradations.
Termination of Guarantees
The guarantee obligations under the Cross Guarantee Agreement will terminate when all Guaranteed Obligations thereunder have been paid in full or have been deemed paid and discharged by defeasance pursuant to the terms of the instruments governing such Guaranteed Obligations. This date is referred to as the "Guarantee Termination Date."
Amendment
The Guarantors may amend or supplement the Cross Guarantee Agreement:
- •
- to cure any ambiguity, defect or inconsistency;
- •
- to reflect a change in the Guarantors or the Guaranteed Obligations made in accordance with the agreement;
- •
- to make any change that would provide any additional rights or benefits to the Guaranteed Parties or that would not adversely affect the legal
rights thereunder of any Guaranteed Party in any material respect; or
- •
- to conform the agreement to any change made to our revolving credit agreement or to the guarantee thereunder.
Except as set forth above, the Guarantors may not amend, supplement or otherwise modify the agreement prior to the Guarantee Termination Date without the prior written consent of the holders of the majority of the outstanding principal amount of the Guaranteed Obligations (excluding obligations with respect to hedging agreements, subject to specified exceptions).
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DESCRIPTION OF OUR CAPITAL STOCK
The following information is a summary of the material terms of our certificate of incorporation and bylaws and the shareholders agreement between us and certain of our investors. Copies of our certificate of incorporation and bylaws and the shareholders agreement are filed as exhibits to our Exchange Act reports and incorporated by reference in this prospectus. See "Where You Can Find More Information." You should refer to the provisions of these documents because they, and not this summary, will govern your rights as a holder of shares of our capital stock.
General
Our authorized capital stock consists of:
- •
- 4,000,000,000 shares of Class P common stock, $0.01 par value per share, which we refer to as our "common stock," 2,263,535,685 shares
of which were outstanding as of the date of this prospectus; and
- •
- 10,000,000 shares of preferred stock, $0.01 par value per share, none of which were outstanding as of the date of this prospectus.
Common Stock
Voting Rights
Each share of our common stock entitles the holder to one vote with respect to each matter presented to our stockholders on which the holders of our common stock are entitled to vote. Holders of our capital stock do not have cumulative voting rights.
Dividends
Holders of our common stock share equally in any dividend declared by our board of directors, subject to the rights of the holders of any outstanding preferred stock.
Liquidation Rights
In the event of any voluntary or involuntary liquidation, dissolution or winding up of our affairs, holders of our common stock would be entitled to share ratably in our assets that are legally available for distribution to our stockholders after payment of liabilities. If we have any preferred stock outstanding at such time, holders of the preferred stock may be entitled to distributions and/or liquidation preferences. In either such case, we must pay the applicable distribution to the holders of our preferred stock, if required pursuant to the terms of any such preferred stock, before we may pay distributions to the holders of common stock.
Other Rights
Our stockholders have no preemptive or other rights to subscribe for additional shares. All outstanding shares are, and all shares offered by this prospectus will be, when sold, validly issued, fully paid and nonassessable.
Preferred Stock
Our board of directors is authorized, subject to the limits imposed by the General Corporation Law of the State of Delaware, which we refer to in this prospectus as the "DGCL," to issue up to 10,000,000 shares of preferred stock in one or more series, to establish from time to time the number of shares to be included in each series of preferred stock, and to fix the rights, preferences, privileges, qualifications, limitations and restrictions of the shares of each wholly unissued series of preferred
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stock. Our board of directors also is authorized to increase or decrease the number of shares of any series, but not below the number of shares of that series of preferred stock then outstanding and not above the total number of shares of preferred stock authorized by our certificate of incorporation, without any further vote or action by our stockholders.
Our board of directors may authorize the issuance of preferred stock with voting rights that affect adversely the voting power or other rights of our other classes of stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, also could have the effect of delaying, deferring or preventing a change in control or causing the market price of our common stock to decline.
Shareholders Agreement
In 2011, in connection with our initial public offering, we entered into a shareholders agreement with a group of shareholders referred to as the "Investors." The Investors consisted of:
- •
- Richard D. Kinder, our Executive Chairman;
- •
- investment funds advised by or affiliated with entities that participated in our 2007 going private transaction (referred to as the "Sponsor
Investors");
- •
- Fayez Sarofim, one of our directors, and investment entities affiliated with him;
- •
- an investment entity affiliated with Michael C. Morgan, another of our directors, and William V. Morgan, one of our founders; and
- •
- a number of other members of our management.
None of the Sponsor Investors are still parties to the shareholders agreement. As a result, certain provisions in the shareholders agreement no longer apply. The shareholders agreement provides certain registration rights to the remaining Investors who are party to the agreement. The shareholders agreement will terminate when none of the shareholder parties thereto hold any shares of common stock.
Persons who become holders of our common stock by purchasing shares in an offering under this prospectus or by purchasing shares in the open market will not become parties to the shareholders agreement, but the shareholders agreement will continue in effect. A summary of the provisions of our shareholders agreement is contained in our proxy statement for our 2020 annual meeting of stockholders, which was filed with the SEC April 3, 2020 and is incorporated into this prospectus by reference. See "Where You Can Find More Information." We encourage you to read the shareholders agreement, which is filed as an exhibit to the registration statement of which this prospectus forms a part, in its entirety.
Certain Other Provisions of Our Charter and Bylaws and Delaware Law
Board of Directors
Our certificate of incorporation provides that the number of directors will be fixed in the manner provided in our bylaws. Our bylaws provide that the number of directors will be no more than 16 and no less than 10, as fixed from time to time by our board of directors.
Limitations of Liability and Indemnification of Officers and Directors
The DGCL authorizes corporations to limit or eliminate the personal liability of directors to corporations and their stockholders for monetary damages for breaches of directors' fiduciary duties. Our certificate of incorporation eliminates the personal liability of directors for monetary damages for
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actions taken as a director to the fullest extent authorized by the DGCL. The DGCL does not permit exculpation for liability:
- •
- for breach of the duty of loyalty;
- •
- for acts or omissions not in good faith or involving intentional misconduct or knowing violation of law;
- •
- under Section 174 of the DGCL (unlawful dividends and stock repurchases); or
- •
- for transactions from which the director derived improper personal benefit.
Our certificate of incorporation and bylaws provide that we shall indemnify our current and former directors and officers, and may indemnify our employees, agents and other persons, to the fullest extent permitted by law. We also are expressly authorized to carry directors' and officers' insurance providing indemnification for our directors, officers and certain employees and agents for any liabilities incurred in any such capacity, whether or not we would have the power to indemnify such person against such liability. We believe that these indemnification provisions and insurance are useful to attract and retain qualified directors and executive officers.
The limitation of liability and indemnification provisions in our certificate of incorporation and bylaws may discourage stockholders from bringing a lawsuit against directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative litigation against directors and officers, even though such an action, if successful, might otherwise benefit us and our stockholders. In addition, an investment in our stock may be adversely affected to the extent we pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions.
Amending Our Certificate of Incorporation and Bylaws
Our certificate of incorporation may be amended in any manner provided by the DGCL. Because our common stock is the only class of capital stock that is outstanding as of the date of this prospectus, our certificate of incorporation may be amended with the affirmative vote of a majority of the outstanding shares of our common stock, except that any provision requiring a supermajority vote of stockholders may only be amended with such supermajority vote.
Our bylaws may be altered, amended, or repealed or new bylaws may be adopted by the stockholders holding shares representing two-thirds of total number of votes that may be cast in the election of directors or by the board of directors at any regular meeting of the stockholders or the board of directors or at any special meeting of the stockholders or the board of directors if notice of such alteration, amendment, repeal, or adoption of new bylaws be contained in the notice of such special meeting.
Certain Anti-takeover Provisions of Our Charter and Bylaws and Delaware Law
Our certificate of incorporation and bylaws have the following provisions that could deter, delay or prevent a third party from acquiring us, even if doing so would benefit our stockholders.
Undesignated Preferred Stock
The ability to authorize undesignated preferred stock makes it possible for our board of directors to issue preferred stock with super voting, special approval, dividend or other rights or preferences on a discriminatory basis that could impede the success of any attempt to acquire us. These and other provisions may have the effect of deferring, delaying or discouraging hostile takeovers, or changes in control or management of our company. Further, the rights of the holders of our common stock will be
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subject to, and may be adversely affected by, the rights of the holders of any preferred shares that may be issued in the future.
Requirements for Advance Notification of Stockholder Meetings, Nominations and Proposals
Our bylaws provide that special meetings of the stockholders may be called only upon the request of the chairman of the board, the chief executive officer, the president or the board of directors or upon the written request of stockholders of record of not less than 10% of all voting power entitled to vote at such meeting. Our bylaws prohibit the conduct of any business at a special meeting other than as specified in the notice for such meeting.
Our bylaws establish advance notice procedures with respect to stockholder proposals for annual meetings and the nomination of candidates for election as directors, other than nominations made by or at the direction of the board of directors or a committee of the board of directors. In order for any matter to be "properly brought" before a meeting, a stockholder will have to comply with advance notice requirements and provide us with specified information. Our bylaws provide that any director or the board of directors may be removed, with or without cause, by an affirmative vote of shares representing the majority of all voting power then entitled to vote at an election of directors. Our bylaws also provide that vacancies may be filled only by a vote of a majority of the directors then in office, even though less than a quorum, and not by our stockholders. Our bylaws allow the chairman of a meeting of the stockholders to adopt rules and regulations for the conduct of meetings that may have the effect of precluding the conduct of certain business at a meeting if the rules and regulations are not followed. These provisions also may defer, delay or discourage a potential acquiror from conducting a solicitation of proxies to elect the acquiror's own slate of directors or otherwise attempting to obtain control of us.
No Stockholder Action by Written Consent
Our certificate of incorporation provides that any vote or similar action required or permitted to be taken by holders of our common stock must be effected at a duly called annual or special meeting of our stockholders and may not be effected by consent in writing by such stockholders.
Section 203 of the DGCL
We are subject to the provisions of Section 203 of the DGCL. In general, Section 203 prohibits a publicly held Delaware corporation from engaging in a "business combination" with any "interested stockholder" for a three-year period following the time that such stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner. A "business combination" includes, among other things, a merger, asset or stock sale or other transaction resulting in a financial benefit to the interested stockholder. An "interested stockholder" is a person who, together with affiliates and associates, owns (or who is an affiliate or associate of the corporation and did own within three years prior to the determination of interested stockholder status) 15% or more of the corporation's voting stock. Under Section 203, a business combination between a corporation and an interested stockholder is prohibited unless:
- •
- before the stockholder became an interested stockholder, the board of directors approved either the business combination or the transaction
which resulted in the stockholder becoming an interested stockholder;
- •
- upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the voting stock outstanding, shares owned by persons who are directors and also
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- •
- at or after the time the stockholder became an interested stockholder, the business combination was approved by the board of directors of the corporation and authorized at an annual or special meeting of the stockholders, but not by written consent, by the affirmative vote of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.
officers, and employee stock plans, in some instances, but not the outstanding voting stock owned by the interested stockholder; or
Section 203 defines a business combination to include:
- •
- any merger or consolidation involving the corporation and the interested stockholder;
- •
- any sale, transfer, pledge or other disposition involving the interested stockholder of 10% or more of the assets of the corporation;
- •
- subject to exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the
interested stockholder;
- •
- subject to exceptions, any transaction involving the corporation that has the effect of increasing the proportionate share of the stock of any
class or series of the corporation beneficially owned by the interested stockholder; and
- •
- the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation.
A Delaware corporation may opt out of this provision either with an express provision in its original certificate of incorporation or in an amendment to its certificate of incorporation or bylaws approved by its stockholders. We have not opted out of this provision, so Section 203 will apply to any stockholder that becomes an interested stockholder after our initial public offering. The statute, as it applies to interested stockholders other than Mr. Kinder, could prohibit or delay mergers or other takeover or change in control attempts and, accordingly, may discourage attempts to acquire us. These provisions of the DGCL could have the effect of deferring, delaying or discouraging hostile takeovers and may also have the effect of preventing changes in control or management of our company. It is possible that these provisions could make it more difficult to accomplish transactions other stockholders might deem desirable.
Transfer Agent and Registrar
As of the date of this prospectus, the transfer agent and registrar of our common stock is Computershare Trust Company, N.A. It may be contacted at 480 Washington Blvd., Jersey City, New Jersey 07310.
New York Stock Exchange Listing
Our common stock is listed on The New York Stock Exchange under the symbol "KMI."
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DESCRIPTION OF DEPOSITARY SHARES
We will set forth in the applicable prospectus supplement a description of any depositary shares issued by us that may be offered and sold pursuant to this prospectus.
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We may sell the securities offered by this prospectus:
- •
- through agents;
- •
- through underwriters or dealers;
- •
- directly to one or more purchasers;
- •
- pursuant to delayed delivery contracts or forward contracts; or
- •
- through a combination of any of these methods of sale.
By Agents
Securities may be sold through agents designated by us. Unless otherwise indicated in a prospectus supplement, the agents will agree to use their reasonable best efforts to solicit purchases for the period of their appointment.
By Underwriters
If underwriters are used in the sale, the securities offered will be acquired by the underwriters for their own account. The underwriters may resell the securities in one or more transactions, including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale. The obligations of the underwriters to purchase the securities offered will be subject to certain conditions. The underwriters will be obligated to purchase all the securities offered if any of the securities are purchased. Any initial public offering price and any discounts or concessions allowed or re-allowed or paid to dealers may be changed from time to time.
Direct Sales
Securities may also be sold directly by us. In this case, no underwriters or agents would be involved. We may use electronic media, including the Internet, to sell offered securities directly.
Delayed Delivery Contracts or Forward Contracts
If indicated in the prospectus supplement, we will authorize agents, underwriters or dealers to solicit offers to purchase securities from us at the public offering price set forth in the prospectus supplement pursuant to delayed delivery contracts or forward contracts providing for payment or delivery on a specified date in the future at prices determined as described in the prospectus supplement. Such contracts will be subject only to those conditions set forth in the prospectus supplement, and the prospectus supplement will set forth the commission payable for solicitation of such contracts.
General Information
The debt securities, preferred stock or depositary shares, when first issued, will have no established trading market. Any underwriters or agents to whom or through whom such securities are sold for public offering and sale may make a market in such securities, but such underwriters or agents will not be obligated to do so and may discontinue any market making at any time without notice. No assurance can be given as to the liquidity of the trading market for any such securities.
The debt securities, preferred stock or depositary shares offered may or may not be listed on a national securities exchange. No assurances can be given that there will be a market for the such securities.
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Underwriters, dealers and agents that participate in the distribution of the securities may be underwriters as defined in the Securities Act, and any discounts or commissions received by them from us and any profit on the resale of the securities by them may be treated as underwriting discounts and commissions under the Securities Act. Any underwriters or agents will be identified and their compensation will be described in a prospectus supplement.
We may have agreements with the underwriters, dealers and agents to indemnify them against certain civil liabilities, including liabilities under the Securities Act, or to contribute with respect to payments which the underwriters, dealers or agents may be required to make because of those liabilities.
Underwriters, dealers and agents or their affiliates may engage in transactions with, or perform services for, us or our affiliates in the ordinary course of their businesses.
One or more firms, referred as "remarketing firms," may also offer or sell the securities, if a prospectus supplement so indicates, in connection with a remarketing arrangement upon the purchase of the securities. Remarketing firms will act as principals for their own accounts or as agents for us. These remarketing firms will offer or sell the securities in accordance with a redemption or repayment pursuant to the terms of the securities. The prospectus supplement will identify any remarketing firm and terms of the agreement, if any, with us and will describe the remarketing firm's compensation. Remarketing firms may be deemed to be underwriters in connection with the securities they remarket. Remarketing firms may be entitled under agreements that may be entered into with us to indemnification by us against certain civil liabilities, including liabilities under the Securities Act, or to contribution with respect to payments which they may be required to make because of those liabilities. Remarketing firms or their affiliates may engage in transaction with, or perform services for, us or our affiliates in the ordinary course of their business.
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The validity of the securities being offered hereby will be passed upon for us by Bracewell LLP, Houston, Texas.
The financial statements and management's assessment of the effectiveness of internal control over financial reporting (which is included in Management's Report on Internal Control Over Financial Reporting) incorporated in this prospectus by reference to our Annual Report on Form 10-K for the year ended December 31, 2019 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This prospectus and the documents incorporated by reference in this prospectus include forward-looking statements. These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. They use words such as "anticipate," "believe," "intend," "plan," "projection," "forecast," "strategy," "outlook," "continue," "estimate," "expect," "may," "will," "shall," or the negative of those terms or other variations of them or comparable terminology. In particular, expressed or implied statements concerning future actions, conditions or events, future operating results or the ability to generate sales, income or cash flow, service debt or pay dividends, are forward-looking statements. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future actions, conditions or events and future results may differ materially from those expressed in our forward-looking statements. Many of the factors that will determine these results are beyond our ability to control or accurately predict. Specific factors that could cause actual results to differ from those in our forward-looking statements include:
- •
- changes in supply of and demand for natural gas, NGL, refined petroleum products, oil, CO2, electricity, petroleum coke, steel and
other bulk materials and chemicals and certain agricultural products in North America;
- •
- economic activity, weather, alternative energy sources, conservation and technological advances that may affect price trends and demand;
- •
- competition from other pipelines, terminals or other forms of transportation;
- •
- changes in our tariff rates required by the FERC, the CPUC or another regulatory agency;
- •
- the timing and success of our business development efforts, including our ability to renew long-term customer contracts at economically
attractive rates;
- •
- our ability to safely operate and maintain our existing assets and to access or construct new assets including pipelines, terminals, gas
processing, gas storage and NGL fractionation capacity;
- •
- our ability to attract and retain key management and operations personnel;
- •
- difficulties or delays experienced by railroads, barges, trucks, ships or pipelines in delivering products to or from our terminals or
pipelines;
- •
- shut-downs or cutbacks at major refineries, petrochemical or chemical plants, natural gas processing plants, ports, utilities, military bases
or other businesses that use our services or provide services or products to us;
- •
- changes in crude oil and natural gas production (and the NGL content of natural gas production) from exploration and production areas that we
serve, such as the Permian Basin area of West Texas, the shale plays in North Dakota, Oklahoma, Ohio, Pennsylvania and Texas, and the U.S. Rocky Mountains;
- •
- changes in laws or regulations, third-party relations and approvals, and decisions of courts, regulators and governmental bodies that may
increase our compliance costs, restrict our ability to provide or reduce demand for our services, or otherwise adversely affect our business;
- •
- interruptions of operations at our facilities due to natural disasters, damage by third parties, power shortages, strikes, riots, terrorism
(including cyber attacks), war or other causes;
- •
- compromise of our IT systems, operational systems or sensitive data as a result of errors, malfunctions, hacking events or coordinated cyber
attacks;
- •
- the uncertainty inherent in estimating future oil, natural gas, and CO2 production or reserves;
- •
- issues, delays or stoppage associated with new construction or expansion projects;
28
- •
- regulatory, environmental, political, grass roots opposition, legal, operational and geological uncertainties that could affect our ability to
complete our expansion projects on time and on budget or at all;
- •
- our ability to acquire new businesses and assets and integrate those operations into our existing operations, and make cost-saving changes in
operations, particularly if we undertake multiple acquisitions in a relatively short period of time, as well as our ability to expand our facilities;
- •
- the ability of our customers and other counterparties to perform under their contracts with us including as a result of our customers'
financial distress or bankruptcy;
- •
- changes in accounting pronouncements that impact the measurement of our results of operations, the timing of when such measurements are to be
made and recorded, and the disclosures surrounding these activities;
- •
- changes in tax laws;
- •
- our ability to access external sources of financing in sufficient amounts and on acceptable terms to the extent needed to fund acquisitions of
operating businesses and assets and expansions of our facilities;
- •
- our indebtedness, which could make us vulnerable to general adverse economic and industry conditions, limit our ability to borrow additional
funds, place us at a competitive disadvantage compared to our competitors that have less debt, or have other adverse consequences;
- •
- our ability to obtain insurance coverage without significant levels of self-retention of risk;
- •
- natural disasters, sabotage, terrorism (including cyber attacks) or other similar acts or accidents causing damage to our properties greater
than our insurance coverage limits;
- •
- possible changes in our and our subsidiaries' credit ratings;
- •
- conditions in the capital and credit markets, inflation and fluctuations in interest rates;
- •
- political and economic instability of the oil producing nations of the world;
- •
- national, international, regional and local economic, competitive and regulatory conditions and developments, including the effects of any
enactment of import or export duties, tariffs or similar measures;
- •
- our ability to achieve cost savings and revenue growth;
- •
- the extent of our success in developing and producing CO2 and oil and gas reserves, including the risks inherent in development
drilling, well completion and other development activities;
- •
- engineering and mechanical or technological difficulties that we may experience with operational equipment, in well completions and work-overs,
and in drilling new wells; and
- •
- unfavorable results of litigation and the outcome of contingencies referred to in Note 18 "Litigation and Environmental" to our consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2019.
The foregoing list should not be construed to be exhaustive. We believe the forward-looking statements in this prospectus are reasonable. However, there is no assurance that any of the actions, events or results expressed in forward-looking statements will occur, or if any of them do, of their timing or what impact they will have on our results of operations or financial condition. Because of these uncertainties, you should not put undue reliance on any forward-looking statements.
See Item 1A "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2019 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 for
29
a more detailed description of these and other factors that may affect the forward-looking statements. The risk factors could cause our actual results to differ materially from those contained in any forward-looking statement. In addition, there is a general level of uncertainty regarding the extent to which potential positive or negative changes to fiscal, tax and trade policies may impact us and those with whom we do business. It is not possible at this time to predict the extent of any such impact. When considering forward-looking statements, you should keep in mind the factors described in this section and the other sections referenced above. These factors could cause our actual results to differ materially from those contained in any forward-looking statement. We disclaim any obligation, other than as required by applicable law, to publicly update or revise any of our forward-looking statements to reflect future events or developments.
30
PART II.
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution.
The following table sets forth the expenses to be incurred by Kinder Morgan, Inc. in connection with the issuance and distribution of the securities being registered.
SEC Registration Fee |
$ | * | ||
Legal Fees and Expenses |
** | |||
Accounting Fees and Expenses |
** | |||
Fees and Expenses of Transfer Agent and Trustee |
** | |||
Listing Fees |
** | |||
Printing Fees |
** | |||
Miscellaneous |
** | |||
| | | | | |
Total |
$ | ** | ||
| | | | | |
| | | | | |
| | | | | |
- *
- To
be deferred pursuant to Rule 456(b) and calculated in connection with the offering of securities under this registration statement pursuant to
Rule 457(r).
- **
- Because an indeterminate amount of securities is covered by this registration statement, the expenses in connection with the issuance and distribution of the securities cannot be determined at this time. The estimates of such expenses will be included in the applicable prospectus supplement.
Item 15. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law, or DGCL, provides that a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. Section 145 further provides that a corporation similarly may indemnify any such person serving in any such capacity who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorney's fees) actually and reasonably incurred in connection with the defense or settlement of such action or suit if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Delaware Court of Chancery or such other court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all of the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Delaware Court of Chancery or such other court shall deem proper.
II-1
As permitted by the DGCL, the registrant's certificate of incorporation includes a provision that eliminates the personal liability of its directors for monetary damages for breach of fiduciary duty as a director, except for liability:
- •
- for any breach of the director's duty of loyalty to the registrant or its stockholders;
- •
- for acts or omissions not in good faith or that involve intentional misconduct or knowing violation of law;
- •
- under Section 174 of the DGCL regarding unlawful dividends and stock purchases; or
- •
- for any transaction from which the director derived an improper personal benefit.
As permitted by the DGCL, the registrant's certificate of incorporation and bylaws provide that:
- •
- the registrant is required to indemnify its directors and officers to the fullest extent permitted under the DGCL, subject to very limited
exceptions;
- •
- the registrant may indemnify its other employees and agents to the fullest extent permitted by law, subject to very limited exceptions;
- •
- the registrant is required to advance expenses, as incurred, to its directors and officers in connection with a proceeding to the maximum
extent permitted under the DGCL, subject to very limited exceptions; and
- •
- the rights conferred in the certificate of incorporation or bylaws are not exclusive.
The registrant maintains liability insurance policies covering its officers and directors against some liabilities, including certain liabilities under the Securities Act, that may be incurred by them.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the registrant pursuant to the foregoing provisions, the registrant has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is therefore unenforceable.
Reference is made to the Exhibit Index following the signature pages hereto, which Exhibit Index is hereby incorporated into this item.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;
II-2
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however, that paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on Form S-3 or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement;
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(4) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:
(i) each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and
(ii) each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be a part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.
(5) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
II-3
(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
II-4
II-5
| Exhibit Number |
|
Description of Exhibit | |||
|---|---|---|---|---|---|
| 24.1 | * | — | Powers of attorney. | ||
25.1 |
* |
— |
Form T-1 Statement of Eligibility related to Senior Debt Securities and Subordinated Debt Securities under the Trust Indenture Act of U.S. Bank National Association. |
||
- *
- Filed
herewith.
- **
- To be filed by amendment or as an exhibit to a Current Report on Form 8-K in connection with a specific offering.
II-6
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement on Form S-3 or amendment thereto to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, State of Texas, on July 27, 2020.
| KINDER MORGAN, INC. | ||||||
By: |
/s/ DAVID P. MICHELS |
|||||
| Name: | David P. Michels | |||||
| Title: | Vice President and Chief Financial Officer | |||||
Pursuant to the requirements of the Securities Act, this registration statement, or amendment thereto, has been signed by the following persons in the capacities indicated on July 27, 2020.
Signature
|
Title
|
|||
|---|---|---|---|---|
| /s/ RICHARD D. KINDER* Richard D. Kinder |
Director and Executive Chairman | |||
/s/ STEVEN J. KEAN* Steven J. Kean |
Director and Chief Executive Officer (Principal Executive Officer) |
|||
/s/ KIMBERLY A. DANG* Kimberly A. Dang |
Director and President |
|||
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) |
|||
/s/ TED A. GARDNER* Ted A. Gardner |
Director |
|||
/s/ ANTHONY W. HALL, JR.* Anthony W. Hall, Jr. |
Director |
|||
/s/ GARY L. HULTQUIST* Gary L. Hultquist |
Director |
|||
II-7
Signature
|
Title
|
|||
|---|---|---|---|---|
| /s/ RONALD L. KUEHN, JR.* Ronald L. Kuehn, Jr. |
Director | |||
/s/ DEBORAH A. MACDONALD* Deborah A. Macdonald |
Director |
|||
/s/ MICHAEL C. MORGAN* Michael C. Morgan |
Director |
|||
/s/ ARTHUR C. REICHSTETTER* Arthur C. Reichstetter |
Director |
|||
/s/ FAYEZ SAROFIM* Fayez Sarofim |
Director |
|||
/s/ C. PARK SHAPER* C. Park Shaper |
Director |
|||
/s/ WILLIAM A. SMITH* William A. Smith |
Director |
|||
/s/ JOEL V. STAFF* Joel V. Staff |
Director |
|||
/s/ ROBERT F. VAGT* Robert F. Vagt |
Director |
|||
/s/ PERRY M. WAUGHTAL* Perry M. Waughtal |
Director |
|||
*By: |
/s/ CATHERINE CALLAWAY JAMES Catherine Callaway James Attorney-in-fact for persons indicated |
|||
II-8
Pursuant to the requirements of the Securities Act of 1933, each registrant below has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| KINDER MORGAN ENERGY PARTNERS, L.P. KINDER MORGAN OPERATING L.P. "A" KINDER MORGAN OPERATING L.P. "B" KINDER MORGAN OPERATING L.P. "C" KINDER MORGAN OPERATING L.P. "D" KINDER MORGAN CO2 COMPANY, L.P. |
||||||
By: Kinder Morgan G.P., Inc., its general partner |
||||||
By: |
/s/ ADAM S. FORMAN |
|||||
| Name: | Adam S. Forman | |||||
| Title: | Vice President | |||||
Pursuant to requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
|
Title
|
|
|---|---|---|
| /s/ KIMBERLY A. DANG Kimberly A. Dang |
Director and President of Kinder Morgan, G.P., Inc. (Principal Executive Officer) | |
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer of Kinder Morgan G.P., Inc. (Principal Financial and Accounting Officer) |
|
/s/ ADAM S. FORMAN Adam S. Forman |
Director of Kinder Morgan G.P., Inc. |
II-9
Pursuant to the requirements of the Securities Act of 1933, each registrant below (each a "Corporation") has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| COPANO ENERGY FINANCE CORPORATION EL PASO CITRUS HOLDINGS, INC. EPTP ISSUING CORPORATION KINDER MORGAN CARBON DIOXIDE TRANSPORTATION COMPANY KINDER MORGAN TERMINALS, INC. KMGP SERVICES COMPANY, INC. KN TELECOMMUNICATIONS, INC. TENNESSEE GAS PIPELINE ISSUING CORPORATION |
||||
By: |
/s/ ADAM S. FORMAN Adam S. Forman Vice President of each Corporation |
|||
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
|
Title
|
|
|---|---|---|
| /s/ KIMBERLY A. DANG Kimberly A. Dang |
Director of each Corporation and President of each of Copano Energy Finance Corporation, El Paso Citrus Holdings, Inc., EPTP Issuing Corporation, KMGP Services Company, Inc. and KN Telecommunications, Inc. (Principal Executive Officer) | |
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer of each Corporation (Principal Financial and Accounting Officer) |
|
/s/ JESSE ARENIVAS Jesse Arenivas |
President of Kinder Morgan Carbon Dioxide Transportation Company (Principal Executive Officer) |
|
/s/ JOHN W. SCHLOSSER John W. Schlosser |
President of Kinder Morgan Terminals, Inc. (Principal Executive Officer) |
II-10
Signature
|
Title
|
|
|---|---|---|
| /s/ KIMBERLY S. WATSON Kimberly S. Watson |
President of Tennessee Gas Pipeline Issuing Corporation (Principal Executive Officer) | |
/s/ ADAM S. FORMAN Adam S. Forman |
Director of each Corporation |
II-11
Pursuant to the requirements of the Securities Act of 1933, each registrant below (each an "OLP A Member Managed Subsidiary") has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| CAMINO REAL GATHERING COMPANY, L.L.C. EAGLE FORD GATHERING LLC EL PASO NATURAL GAS COMPANY, L.L.C. KINDERHAWK FIELD SERVICES LLC KINDER MORGAN ALTAMONT LLC KINDER MORGAN BORDER PIPELINE LLC KINDER MORGAN CRUDE & CONDENSATE LLC KINDER MORGAN ENDEAVOR LLC KINDER MORGAN EP MIDSTREAM LLC KINDER MORGAN FREEDOM PIPELINE LLC KINDER MORGAN KEYSTONE GAS STORAGE LLC KINDER MORGAN LOUISIANA PIPELINE HOLDING LLC KINDER MORGAN LOUISIANA PIPELINE LLC KINDER MORGAN NATGAS O&M LLC KINDER MORGAN NORTH TEXAS PIPELINE LLC KINDER MORGAN PECOS VALLEY LLC KINDER MORGAN PRODUCTS TERMINALS LLC KINDER MORGAN TEJAS PIPELINE LLC KINDER MORGAN TEXAS PIPELINE LLC KINDER MORGAN TRANSMIX COMPANY, LLC KINDER MORGAN TREATING LP By KM Treating GP LLC, its general partner KINDER MORGAN UTICA LLC KM EAGLE GATHERING LLC KM GATHERING LLC KM TREATING GP LLC KM TREATING PRODUCTION LLC KM UTOPIA OPERATOR LLC MOJAVE PIPELINE COMPANY, L.L.C. MOJAVE PIPELINE OPERATING COMPANY, L.L.C. SOUTHTEX TREATERS LLC TEJAS GAS, LLC TEJAS NATURAL GAS, LLC TRANSCOLORADO GAS TRANSMISSION COMPANY LLC UTICA MARCELLUS TEXAS PIPELINE LLC |
||||
II-12
By: |
/s/ ADAM S. FORMAN Adam S. Forman Vice President |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
|
Title
|
|
|---|---|---|
| /s/ KIMBERLY A. DANG Kimberly A. Dang |
Director and President of Kinder Morgan G.P., Inc., the general partner of Kinder Morgan Operating L.P. "A", the direct or indirect sole member or general partner of each OLP A Member Managed Subsidiary (Principal Executive Officer) | |
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer of Kinder Morgan G.P., Inc. (Principal Financial and Accounting Officer) |
|
/s/ ADAM S. FORMAN Adam S. Forman |
Director of Kinder Morgan G.P., Inc. |
II-13
Pursuant to the requirements of the Securities Act of 1933, each registrant below (each a "KMP Member Managed Subsidiary") has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| CAMINO REAL GAS GATHERING COMPANY LLC CANTERA GAS COMPANY LLC CDE PIPELINE LLC CHEYENNE PLAINS GAS PIPELINE COMPANY, L.L.C. CIG GAS STORAGE COMPANY LLC COPANO DOUBLE EAGLE LLC COPANO ENERGY, L.L.C. COPANO ENERGY SERVICES/UPPER GULF COAST LLC COPANO FIELD SERVICES GP, L.L.C. COPANO FIELD SERVICES/NORTH TEXAS, L.L.C. COPANO FIELD SERVICES/SOUTH TEXAS LLC COPANO FIELD SERVICES/UPPER GULF COAST LLC COPANO LIBERTY, LLC COPANO LIQUIDS MARKETING LLC COPANO NGL SERVICES (MARKHAM), L.L.C. COPANO NGL SERVICES LLC COPANO PIPELINES GROUP, L.L.C. COPANO PIPELINES/NORTH TEXAS, L.L.C. COPANO PIPELINES/ROCKY MOUNTAINS, LLC COPANO PIPELINES/SOUTH TEXAS LLC COPANO PIPELINES/UPPER GULF COAST LLC COPANO PROCESSING LLC COPANO RISK MANAGEMENT LLC COPANO TERMINALS LLC COPANO/WEBB-DUVAL PIPELINE LLC CPNO SERVICES LLC ELBA EXPRESS COMPANY, L.L.C. EPBGP CONTRACTING SERVICES LLC EP RUBY LLC HARRAH MIDSTREAM LLC KINDER MORGAN SNG OPERATOR LLC SCISSORTAIL ENERGY, LLC SOUTHERN DOME, LLC |
II-14
| SOUTHERN GULF LNG COMPANY, L.L.C. SOUTHERN LIQUEFACTION COMPANY LLC SOUTHERN LNG COMPANY, L.L.C. SOUTHERN OKLAHOMA GATHERING LLC WYOMING INTERSTATE GAS COMPANY, L.L.C. |
By: |
/s/ ADAM S. FORMAN Adam S. Forman Vice President |
Pursuant to of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
|
Title
|
|
|---|---|---|
| /s/ KIMBERLY A. DANG Kimberly A. Dang |
Director and President of Kinder Morgan G.P., Inc., the general partner of Kinder Morgan Energy Partners, L.P., the direct or indirect sole member of each KMP Member Managed Subsidiary (Principal Executive Officer) | |
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer of Kinder Morgan G.P., Inc. (Principal Financial and Accounting Officer) |
|
/s/ ADAM S. FORMAN Adam S. Forman |
Director of Kinder Morgan G.P., Inc. |
II-15
Pursuant to the requirements of the Securities Act of 1933, each registrant below (each an "OLP C Member Managed Subsidiary") has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| AMERICAN PETROLEUM TANKERS II LLC AMERICAN PETROLEUM TANKERS III LLC AMERICAN PETROLEUM TANKERS IV LLC AMERICAN PETROLEUM TANKERS V LLC AMERICAN PETROLEUM TANKERS VI LLC AMERICAN PETROLEUM TANKERS VII LLC AMERICAN PETROLEUM TANKERS VIII LLC AMERICAN PETROLEUM TANKERS IX LLC AMERICAN PETROLEUM TANKERS X LLC AMERICAN PETROLEUM TANKERS XI LLC AMERICAN PETROLEUM TANKERS LLC AMERICAN PETROLEUM TANKERS PARENT LLC APT INTERMEDIATE HOLDCO LLC APT NEW INTERMEDIATE HOLDCO LLC APT FLORIDA LLC APT PENNSYLVANIA LLC APT SUNSHINE STATE LLC BETTY LOU LLC ELIZABETH RIVER TERMINALS LLC ICPT, L.L.C. JV TANKER CHARTERER LLC KINDER MORGAN BALTIMORE TRANSLOAD TERMINAL LLC KINDER MORGAN COMMERCIAL SERVICES LLC KINDER MORGAN DALLAS FORT WORTH RAIL TERMINAL LLC KINDER MORGAN IMT HOLDCO LLC KINDER MORGAN KMAP LLC KINDER MORGAN LINDEN TRANSLOAD TERMINAL LLC KINDER MORGAN LIQUIDS TERMINALS ST. GABRIEL LLC KINDER MORGAN PETCOKE GP LLC KINDER MORGAN PETCOKE, L.P. By Kinder Morgan Petcoke GP LLC, its general partner KINDER MORGAN PETCOKE LP LLC KINDER MORGAN PETROLEUM TANKERS LLC |
II-16
| KINDER MORGAN PORT MANATEE TERMINAL LLC KINDER MORGAN PORT SUTTON TERMINAL LLC KINDER MORGAN PORT TERMINALS USA LLC KINDER MORGAN RAIL SERVICES LLC KINDER MORGAN RESOURCES LLC KINDER MORGAN RESOURCES II LLC KINDER MORGAN RESOURCES III LLC KINDER MORGAN TERMINALS WILMINGTON LLC KM KASKASKIA DOCK LLC KM NORTH CAHOKIA LAND LLC KM NORTH CAHOKIA TERMINAL PROJECT LLC LOMITA RAIL TERMINAL LLC MJR OPERATING LLC PI 2 PELICAN STATE LLC PINNEY DOCK & TRANSPORT LLC STEVEDORE HOLDINGS, L.P. By Kinder Morgan Petcoke GP LLC, its general partner SRT VESSELS LLC |
By: |
/s/ ADAM S. FORMAN Adam S. Forman Vice President |
II-17
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
|
Title
|
|
|---|---|---|
| /s/ KIMBERLY A. DANG Kimberly A. Dang |
Director and President of Kinder Morgan G.P., Inc., the general partner of Kinder Morgan Operating L.P. "C", the direct or indirect sole member or general partner of each OLP C Member Managed Subsidiary (Principal Executive Officer) | |
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer of Kinder Morgan G.P., Inc. (Principal Financial and Accounting Officer) |
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/s/ ADAM S. FORMAN Adam S. Forman |
Director of Kinder Morgan G.P., Inc. |
II-18
Pursuant to the requirements of the Securities Act of 1933, each registrant below (each an "OLP D Member Managed Subsidiary") has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| CENTRAL FLORIDA PIPELINE LLC KINDER MORGAN 2-MILE LLC KINDER MORGAN ADMINISTRATIVE SERVICES TAMPA LLC KINDER MORGAN BATTLEGROUND OIL LLC KINDER MORGAN CRUDE MARKETING LLC KINDER MORGAN CRUDE TO RAIL LLC KINDER MORGAN CUSHING LLC KINDER MORGAN DEEPROCK NORTH HOLDCO LLC KINDER MORGAN GALENA PARK WEST LLC KINDER MORGAN LAS VEGAS LLC KINDER MORGAN LIQUIDS TERMINALS LLC KINDER MORGAN MATERIALS SERVICES, LLC KINDER MORGAN PIPELINE LLC KINDER MORGAN PORTLAND JET LINE LLC KINDER MORGAN SOUTHEAST TERMINALS LLC KINDER MORGAN TANK STORAGE TERMINALS LLC KINDER MORGAN URBAN RENEWAL, L.L.C. KINDER MORGAN VIRGINIA LIQUIDS TERMINALS LLC KM LIQUIDS TERMINALS LLC PALMETTO PRODUCTS PIPE LINE LLC RAHWAY RIVER LAND LLC SOUTHWEST FLORIDA PIPELINE LLC |
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By: |
/s/ ADAM S. FORMAN Adam S. Forman Vice President |
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II-19
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
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Title
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| /s/ KIMBERLY A. DANG Kimberly A. Dang |
Director and President of Kinder Morgan G.P., Inc., the general partner of Kinder Morgan Operating L.P. "D", the direct or indirect sole member or general partner of each OLP D Member Managed Subsidiary (Principal Executive Officer) | |
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer of Kinder Morgan G.P., Inc.(Principal Financial and Accounting Officer) |
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/s/ ADAM S. FORMAN Adam S. Forman |
Director of Kinder Morgan G.P., Inc. |
II-20
Pursuant to the requirements of the Securities Act of 1933, each registrant below (each a "CO2 Member Managed Subsidiary") has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| KINDER MORGAN CRUDE OIL PIPELINES LLC KINDER MORGAN PECOS LLC KINDER MORGAN PRODUCTION COMPANY LLC KINDER MORGAN SCURRY CONNECTOR LLC KINDER MORGAN WINK PIPELINE LLC |
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By: |
/s/ ADAM S. FORMAN Adam S. Forman Vice President |
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Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
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Title
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| /s/ KIMBERLY A. DANG Kimberly A. Dang |
Director and President of Kinder Morgan G.P., Inc., the general partner of Kinder Morgan CO2 Company, L.P., the direct or indirect sole member of each CO2 Member Managed Subsidiary (Principal Executive Officer) | |
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer of Kinder Morgan G.P., Inc. (Principal Financial and Accounting Officer) |
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/s/ ADAM S. FORMAN Adam S. Forman |
Director of Kinder Morgan G.P., Inc. |
II-21
Pursuant to the requirements of the Securities Act of 1933, each registrant below (each a "KMI Subsidiary") has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| AGNES B CRANE, LLC CIG PIPELINE SERVICES COMPANY, L.L.C. DAKOTA BULK TERMINAL LLC DELTA TERMINAL SERVICES LLC EL PASO CHEYENNE HOLDINGS, L.L.C. EL PASO CNG COMPANY, L.L.C. EL PASO ENERGY SERVICE COMPANY, L.L.C. EL PASO LLC EL PASO MIDSTREAM GROUP LLC EL PASO NORIC INVESTMENTS III, L.L.C. EL PASO RUBY HOLDING COMPANY, L.L.C. EL PASO TENNESSEE PIPELINE CO., L.L.C. EMORY B CRANE, LLC FRANK L. CRANE, LLC GENERAL STEVEDORES GP, LLC GENERAL STEVEDORES HOLDINGS LLC HBM ENVIRONMENTAL LLC HILAND CRUDE, LLC HILAND PARTNERS HOLDINGS LLC HPH OKLAHOMA GATHERING LLC INDEPENDENT TRADING & TRANSPORTATION COMPANY I, L.L.C. KINDER MORGAN BULK TERMINALS LLC KINDER MORGAN CONTRACTING SERVICES LLC KINDER MORGAN FINANCE COMPANY LLC KINDER MORGAN MARINE SERVICES LLC KINDER MORGAN MID ATLANTIC MARINE SERVICES LLC KINDER MORGAN NGPL HOLDINGS LLC KINDER MORGAN SEVEN OAKS LLC KINDER MORGAN TEXAS TERMINALS, L.P. By General Stevedores GP, LLC, its general partner KINDER MORGAN VEHICLE SERVICES LLC KM CRANE LLC KM DECATUR LLC KM NORTH CAHOKIA SPECIAL PROJECT LLC KM SHIP CHANNEL SERVICES LLC KMBT LLC KMBT LEGACY HOLDINGS LLC KNIGHT POWER COMPANY LLC MILWAUKEE BULK TERMINALS LLC PADDY RYAN CRANE, LLC QUEEN CITY TERMINALS LLC |
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II-22
| RIVER TERMINALS PROPERTIES GP LLC RIVER TERMINAL PROPERTIES, L.P. By River Terminals Properties GP LLC, its general partner SNG PIPELINE SERVICES COMPANY, L.L.C. TEXAN TUG LLC TGP PIPELINE SERVICES COMPANY, L.L.C. TRANSLOAD SERVICES, LLC WESTERN PLANT SERVICES LLC |
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By: |
/s/ ADAM S. FORMAN Adam S. Forman Vice President |
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Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
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Title
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| /s/ RICHARD D. KINDER* Richard D. Kinder |
Director and Executive Chairman of Kinder Morgan, Inc., the direct or indirect sole member of each KMI Subsidiary (Principal Executive Officer) | |||
/s/ STEVEN J. KEAN* Steven J. Kean |
Director and Chief Executive Officer of Kinder Morgan, Inc. (Principal Executive Officer) |
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/s/ KIMBERLY A. DANG* Kimberly A. Dang |
Director of Kinder Morgan, Inc. |
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/s/ DAVID P. MICHELS* David P. Michels |
Vice President and Chief Financial Officer of Kinder Morgan,Inc. (Principal Financial and Accounting Officer) |
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/s/ TED A. GARDNER* Ted A. Gardner |
Director of Kinder Morgan, Inc. |
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/s/ ANTHONY W. HALL, JR.* Anthony W. Hall, Jr. |
Director of Kinder Morgan, Inc. |
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/s/ GARY L. HULTQUIST* Gary L. Hultquist |
Director of Kinder Morgan, Inc. |
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II-23
Signature
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Title
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| /s/ RONALD L. KUEHN, JR.* Ronald L. Kuehn, Jr. |
Director of Kinder Morgan, Inc. | |||
/s/ DEBORAH A. MACDONALD* Deborah A. Macdonald |
Director of Kinder Morgan, Inc. |
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/s/ MICHAEL C. MORGAN* Michael C. Morgan |
Director of Kinder Morgan, Inc. |
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/s/ ARTHUR C. REICHSTETTER* Arthur C. Reichstetter |
Director of Kinder Morgan, Inc. |
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/s/ FAYEZ SAROFIM* Fayez Sarofim |
Director of Kinder Morgan, Inc. |
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/s/ C. PARK SHAPER* C. Park Shaper |
Director of Kinder Morgan, Inc. |
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/s/ WILLIAM A. SMITH* William A. Smith |
Director of Kinder Morgan, Inc. |
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/s/ JOEL V. STAFF* Joel V. Staff |
Director of Kinder Morgan, Inc. |
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/s/ ROBERT F. VAGT* Robert F. Vagt |
Director of Kinder Morgan, Inc. |
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/s/ PERRY M. WAUGHTAL* Perry M. Waughtal |
Director of Kinder Morgan, Inc. |
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*By: |
/s/ CATHERINE CALLAWAY JAMES Catherine Callaway James Attorney-in-fact for persons indicated |
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II-24
Pursuant to the requirements of the Securities Act of 1933, each registrant below has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| COLORADO INTERSTATE GAS COMPANY, L.L.C. | ||||
| COLORADO INTERSTATE ISSUING CORPORATION | ||||
By: |
/s/ ADAM S. FORMAN |
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| Adam S. Forman Vice President |
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Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
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Title
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| /s/ CHRIS M. MEYER Chris M. Meyer |
President of Colorado Interstate Gas Company, L.L.C. and of Colorado Interstate Issuing Corporation (Principal Executive Officer) | |||
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer of Colorado Interstate Gas Company, L.L.C. and of Colorado Interstate Issuing Corporation (Principal Financial and Accounting Officer) |
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/s/ KIMBERLY A. DANG Kimberly A. Dang |
Member of the Management Committee of Colorado Interstate Gas Company, L.L.C. and Director of Colorado Interstate Issuing Corporation (Principal Executive Officer) |
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/s/ ADAM S. FORMAN Adam S. Forman |
Member of the Management Committee of Colorado Interstate Gas Company, L.L.C. and Director of Colorado Interstate Issuing Corporation |
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II-25
Pursuant to the requirements of the Securities Act of 1933, the registrant below has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, state of Texas on July 27, 2020.
| TENNESSEE GAS PIPELINE COMPANY, L.L.C. | ||||
By: |
/s/ ADAM S. FORMAN |
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| Adam S. Forman Vice President |
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Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities as indicated on July 27, 2020.
Signature
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Title
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| /s/ KIMBERLY S. WATSON Kimberly S. Watson |
President (Principal Executive Officer) | |
/s/ DAVID P. MICHELS David P. Michels |
Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) |
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/s/ KIMBERLY A. DANG Kimberly A. Dang |
Director |
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/s/ ADAM S. FORMAN Adam S. Forman |
Director |
II-26
July 27, 2020
Kinder Morgan, Inc.
1001 Louisiana Street, Suite 1000
Houston, Texas 77002
Ladies and Gentlemen:
We have acted as counsel to Kinder Morgan, Inc., a Delaware corporation (the “Corporation”), in connection with the Registration Statement on Form S-3 (the “Registration Statement”) filed by the Corporation on the date hereof with the Securities and Exchange Commission (the “Commission”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”), relating to the proposed offering from time to time, pursuant to Rule 415 under the Securities Act, of (i) an indeterminate number of shares of the Corporation’s Class P common stock, par value $0.01 per share (the “Common Stock”), (ii) an indeterminate number of shares of the Corporation’s preferred stock, par value $0.01 per share (the “Preferred Stock”), (iii) an indeterminate number of depositary shares of the Corporation (the “Depositary Shares”), (iv) an indeterminate principal amount of the Corporation’s debt securities, whether senior or subordinated (collectively, the “Debt Securities”) and (v) the guarantees (the “Guarantees”) of the Corporation’s Debt Securities by one or more subsidiaries of the Corporation identified in the Registration Statement (the “Subsidiary Guarantors”) pursuant to a Cross Guarantee Agreement among the Corporation and the Subsidiary Guarantors, as amended and supplemented to date (the “Cross Guarantee Agreement”). The Common Stock, the Preferred Stock, the Depositary Shares, the Debt Securities and the Guarantees are collectively referred to as the “Securities.” We have been asked by the Corporation to render this opinion.
We have examined originals or copies of (i) the Registration Statement, (ii) the Indentures, each dated as of March 1, 2012 (collectively, the “Indentures”), by and between the Corporation and U.S. Bank National Association (the “Trustee”), pursuant to which the senior Debt Securities and the subordinated Debt Securities, as applicable, will be issued, (iii) the Cross Guarantee Agreement, (iv) the Amended and Restated Certificate of Incorporation of the Corporation, as amended to date, (v) the Amended and Restated Bylaws of the Corporation, as amended to date, (vi) certain resolutions adopted by the Board of Directors of the Corporation, and (vii) such other documents and records as we have deemed necessary and relevant for the purposes hereof. In addition, we have relied on certificates of officers of the Corporation and of public officials and others as to certain matters of fact relating to this opinion and have made such investigations of law as we have deemed necessary and relevant as a basis hereof. In the course of such examinations and investigations, we have assumed the genuineness of all signatures on, and the authenticity of, all documents and records submitted to us as originals, the conformity to original documents and records of all documents and records submitted to us as copies, and the truthfulness of all statements of fact contained therein. We also have assumed the due execution and delivery of the Indentures by a duly authorized officer of the Trustee, due execution and delivery of any deposit agreements with respect to any Depositary Shares by a duly authorized officer of the applicable depositary, that New York or Delaware law will be chosen to govern any such deposit agreements and that the Commission filing fee with respect to any Securities sold pursuant to the Registration Statement will be paid at the appropriate time.
Based on the foregoing and subject to the limitations, assumptions and qualifications set forth herein, and having due regard for such legal considerations as we deem relevant, we are of the opinion that:
1. with respect to any Common Stock offered pursuant to the Registration Statement (the “Offered Common Stock”), when the issuance of Offered Common Stock has been duly authorized, and when the terms of its issue and sale have been duly established, upon the issuance and delivery of the Offered Common Stock as contemplated by the Registration Statement, and upon receipt by the Corporation of the purchase price therefor, the Offered Common Stock will be validly issued, fully paid and nonassessable;
2. with respect to any Preferred Stock offered pursuant to the Registration Statement (the “Offered Preferred Stock”), when (i) a series of Offered Preferred Stock has been duly authorized for issuance, and (ii) the terms thereof and of their respective issue and sale have been duly established and a certificate of designations with respect thereto has been duly filed with the Secretary of State of the State of Delaware, upon the issuance and delivery of the Offered Preferred Stock as contemplated by the Registration Statement, and upon receipt
by the Corporation of the purchase price therefor, the Offered Preferred Stock will be validly issued, fully paid and nonassessable;
3. with respect to any Depositary Shares offered pursuant to the Registration Statement (the “Offered Depositary Shares”), when (i) the applicable deposit agreement has been duly authorized, executed and delivered by each party thereto, (ii) the terms of a particular issuance of Depositary Shares have been duly established and (iii) the Offered Depositary Shares or any applicable depositary receipts evidencing such Offered Depositary Shares have been duly executed by the Corporation and the applicable depositary, upon the issuance and delivery of the Offered Depositary Shares in accordance with the terms of the applicable deposit agreement and as contemplated by the Registration Statement (assuming the underlying securities have been validly issued and deposited with the depositary and, if necessary, a certificate of designations with respect thereto has been duly filed with the Secretary of State of the State of Delaware), and upon receipt by the Corporation of the purchase price therefor, the Offered Depositary Shares will be validly issued and legally binding obligations of the Corporation, entitled to the benefits of the applicable deposit agreement; and
4. with respect to any Debt Securities offered pursuant to the Registration Statement (the “Offered Debt Securities”), when (i) the Offered Debt Securities have been duly authorized for issuance, (ii) the terms thereof and of their respective issue and sale have been duly established and (iii) the Offered Debt Securities have been duly executed by the Corporation and duly authenticated by the Trustee, upon the issuance and delivery of the Offered Debt Securities as contemplated by the Registration Statement, upon receipt by the Corporation of the purchase price therefor, the Offered Debt Securities will be validly issued and legally binding obligations of the Corporation, entitled to the benefits of the applicable Indenture, and upon the execution by the Subsidiary Guarantors of a notation of guarantee on the Offered Debt Securities, the Guarantees will be validly issued and legally binding obligations of the Subsidiary Guarantors, entitled to the benefits of the Cross Guarantee Agreement.
The foregoing opinion is based on and limited to applicable New York law, the General Corporation Law of the State of Delaware and the applicable federal laws of the United States of America, and we render no opinion with respect to the law of any other jurisdiction. The reference to the General Corporation Law of the State of Delaware in the preceding sentence includes the referenced statutory provisions as well as all applicable provisions of the Delaware Constitution and the reported judicial cases interpreting those laws currently in effect.
In addition to the limitations and qualifications set forth above, the enforceability of obligations of the Corporation under the Indentures and the Offered Debt Securities is subject to the effect of any applicable bankruptcy (including, without limitation, fraudulent conveyance and preference), insolvency, reorganization, rehabilitation, moratorium or similar laws and decisions relating to or affecting the enforcement of creditors’ rights generally, and to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing, and the possible unavailability of specific performance or injunctive relief. Such principles are of general application, and in applying such principles a court, among other things, might decline to order such parties to perform covenants. We express no opinion with respect to the enforceability of provisions in the Indentures or the Offered Debt Securities with respect to waiver, delay, extension or omission of notice or enforcement of rights or remedies, waivers of defenses or waivers of benefits of stay, extension, moratorium, redemption, statutes of limitations or other benefits provided by operation of law. Further, the enforceability of any exculpation, indemnification or contribution provisions contained in the Indentures or the Offered Debt Securities may be limited by applicable law or public policy. We express no opinion as to the validity, binding effect or enforceability of any provisions in the Indentures or the Offered Debt Securities that require or relate to the payment of interest, fees or charges at a rate or in an amount that is in excess of legal limits or that a court would determine in the circumstances under applicable law to be commercially unreasonable or a penalty or a forfeiture.
We hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement and to the references to our firm under the heading “Validity of the Securities” in the prospectus included in the Registration Statement. In giving such consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations promulgated by the Commission thereunder.
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Very truly yours, |
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/s/ Bracewell LLP |
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of Kinder Morgan, Inc. of our report dated February 11, 2020 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in Kinder Morgan. Inc.’s Annual Report on Form 10-K for the year ended December 31, 2019. We also consent to the reference to us under the heading “Experts” in such Registration Statement.
/s/ PricewaterhouseCoopers LLP
Houston, Texas
July 27, 2020
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ RICHARD D. KINDER |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ TED A. GARDNER |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ ANTHONY W. HALL, JR. |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ GARY L. HULTQUIST |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ RONALD L. KUEHN, JR. |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ DEBORAH A. MACDONALD |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ MICHAEL C. MORGAN |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ ARTHUR C. REICHSTETTER |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ FAYEZ SAROFIM |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ C. PARK SHAPER |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ WILLIAM A. SMITH |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ JOEL V. STAFF |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ ROBERT F. VAGT |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean, Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ PERRY M. WAUGHTAL |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as President of Kinder Morgan, Inc., constitutes and appoints Steven J. Kean and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ KIMBERLY A. DANG |
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, in the undersigned’s capacity as Director of Kinder Morgan, Inc., constitutes and appoints Kimberly A. Dang and Catherine C. James, and each of them, any one of whom may act without joinder of the others, the undersigned’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for the undersigned and in the undersigned’s name, place and stead, in any and all capacities, to sign the registration statement on Form S-3 of Kinder Morgan, Inc. and the subsidiary guarantors thereto (the “Registration Statement”) and any amendments thereto, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, or the substitute or substitutes of any or all of them, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereto signed this power of attorney this 22nd day of July, 2020.
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/s/ STEVEN J. KEAN |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2) o
U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
31-0841368
I.R.S. Employer Identification No.
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800 Nicollet Mall |
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55402 |
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(Address of principal executive offices) |
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(Zip Code) |
Alejandro Hoyos
U.S. Bank National Association
8 Greenway Plaza, Suite 1100
Houston, TX 77046
(713) 212-7576
(Name, address and telephone number of agent for service)
KINDER MORGAN, INC.
(Issuer with respect to the Securities)
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Delaware |
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80-0682103 |
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(State or other jurisdiction of incorporation or organization) |
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(I.R.S. Employer Identification No.) |
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1001 Louisiana Street, Suite 1000 |
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77002 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Debt Securities
(Title of the Indenture Securities)
FORM T-1
Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.
a) Name and address of each examining or supervising authority to which it is subject.
Comptroller of the Currency
Washington, D.C.
b) Whether it is authorized to exercise corporate trust powers.
Yes
Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.
None
Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.
1. A copy of the Articles of Association of the Trustee.*
2. A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.
3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.
4. A copy of the existing bylaws of the Trustee.**
5. A copy of each Indenture referred to in Item 4. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.
7. Report of Condition of the Trustee as of March 31, 2020 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
** Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Houston, State of Texas on the 27th of July, 2020.
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By: |
/s/ Alejandro Hoyos |
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Alejandro Hoyos |
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Vice President |
Exhibit 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
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Dated: July 27, 2020 |
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By: |
/s/ Alejandro Hoyos |
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Alejandro Hoyos |
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Vice President |
Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 3/31/2020
($000’s)
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3/31/2020 |
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Assets |
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Cash and Balances Due From Depository Institutions |
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$ |
46,699,020 |
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Securities |
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122,149,987 |
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Federal Funds |
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2,807 |
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Loans & Lease Financing Receivables |
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316,711,655 |
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Fixed Assets |
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9,075,777 |
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Intangible Assets |
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12,477,802 |
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Other Assets |
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26,012,043 |
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Total Assets |
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$ |
533,129,091 |
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Liabilities |
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Deposits |
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$ |
405,823,094 |
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Fed Funds |
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1,428,527 |
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Treasury Demand Notes |
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0 |
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Trading Liabilities |
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1,392,214 |
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Other Borrowed Money |
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55,078,404 |
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Acceptances |
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0 |
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Subordinated Notes and Debentures |
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3,850,000 |
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Other Liabilities |
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14,338,298 |
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Total Liabilities |
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$ |
481,910,537 |
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Equity |
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Common and Preferred Stock |
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18,200 |
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Surplus |
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14,266,915 |
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Undivided Profits |
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36,132,907 |
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Minority Interest in Subsidiaries |
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800,532 |
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Total Equity Capital |
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$ |
51,218,554 |
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Total Liabilities and Equity Capital |
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$ |
533,129,091 |
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