Exhibit 12.1
KINDER MORGAN, INC. AND SUBSIDIARIES
EXHIBIT 12.1 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)

| Three Months Ended March 31,
| 2014 |  | 2013
Earnings: |  |  |
Pre-tax income from continuing operations before adjustment for net income attributable to the noncontrolling interests and equity earnings (including amortization of excess cost of equity investments) per statements of income | $ | 712 |  |  | $ | 845 |
Add: |  |  |
Fixed charges | 476 |  |  | 429 |
Amortization of capitalized interest | 1 |  |  | 1 |
Distributed income of equity investees | 77 |  |  | 101 |
Less: |  |  |
Interest capitalized from continuing operations | (18 | ) |  | (9 | )
Noncontrolling interest in pre-tax income of subsidiaries with no fixed charges | 74 |  |  | 98 |
Income as adjusted | $ | 1,322 |  |  | $ | 1,465 |
Fixed charges: |  |  |
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest) | $ | 467 |  |  | $ | 419 |
Add: |  |  |
Portion of rents representative of the interest factor | 9 |  |  | 10 |
Fixed charges | $ | 476 |  |  | $ | 429 |
Ratio of earnings to fixed charges | 2.78 |  |  | 3.41 |

_______