PORT OF LONGVIEW TERMINAL LATEST OF SEVERAL KINDER MORGAN ACQUISITIONS

• Kinder Morgan Energy Partners, L.P. (KMP) has added a bulk handling facility at the Port of Longview, Wash. to its growing list of recent marine terminal acquisitions.
  
  Longview's Berth 2 terminal was transferred in October to Kinder Morgan, per the port commission's approval, from International Raw Materials.
  
  The initial purchase price of the terminal was $5 million with incentive payments worked in if certain volume requirements are achieved in the next three years.
  
  KMP has projected it will handle 400,000 to 500,000 tons per year of bentonite clay, soda ash and grain products at the Longview facility. KMP already operates bulk terminals in Portland, Ore. and Vancouver, Wash.
  
  Concurrent with its Pacific Northwest announcement, KMP signed a letter of intent to build a $20 million cement-handling system at its Dakota Bulk Terminal in St. Paul, Minn. KMP stated that construction of the new Dakota cement-handling system will follow the signing of a "long term, take-or-pay contract from a major producer that wishes to be anonymous." KMP also stated it expects to 350,000 tons per year of cement at the Dakota facility beginning in the fourth quarter of 2002.
  
  KMP has been in the acquisition mode lately as other terminals have been recently added to its fold, including a $70 million sale and purchase agreement with Stolt-Nielson Transportation Group, Inc. for liquids terminals in Chicago, Ill. And Perth Amboy, New Jersey. KMP also recently acquired three terminals from the Boswell Oil Company for $20 million in cash. The terminals are located in Cincinnati, Ohio, Pittsburgh, Pa. and Vicksburg, Miss.
  
  Kinder Morgan's year-to-date acquisitions are now over $600 million, with over one third of those being in the terminals segment. KMP currently owns more than 40 liquid terminals and more than 30 bulk terminals.