The Products Pipelines segment handled 9.4 million barrels of biofuels (ethanol and biodiesel) in the fourth quarter, up 22 percent from the same period a year ago spearheaded by the August 2012 acquisition of a biofuel transload terminal in South Carolina. For the year, 34.4 million barrels of biofuels were handled, up 11 percent from 2011. This segment continues to make investments in assets across its operations to accommodate more biofuels.The Natural Gas Pipelines business produced fourth quarter segment earnings before DD&A and certain items of $474 million, up 64 percent from $290 million for the comparable period in 2011. For the year, Natural Gas Pipelines produced $1.37 billion in segment earnings before DD&A and certain items, up 44 percent from $951 million in 2011, and well ahead of its published annual budget of 19 percent growth due to the dropdowns described below.
Kinder Morgan Energy Partners Distributes $4.98 Per Unit For 2012 – Meets Annual Budget
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