kinder morgan puts additional assets mlp kinder morgan transfers 300 assets mlp kinder morgan inc announced plans contribute 300 million assets kinder morgan energy partners l p company master limited partnership largest asset contributed kinder morgan texas pipeline formerly midcon texas 2 600 mile natural gas pipeline system extends south texas houston along texas gulf coast assets include casper douglas gas gathering processing systems kmi 50 interest coyote gas treating kmi 25 interest thunder creek gas services consideration assets kmi receive 300 million 50 cash 50 kmp partnership units kmi expects transaction completed fourth quarter transaction represents true win win kmi kmp said kinder morgan ceo rich kinder expected accretive cash available distribution kmp unitholders 5 10 cents 2001 pipeline assets good fit kmp complement existing kmp assets long term contracts place offer significant growth opportunities kinder noted mix consideration paid include equity issued kmi necessary raise funds transaction via public offering kmp units kmi also benefit transaction able reduce debt 150 million kinder said additionally transaction expected modestly accretive kmi earnings per share 2001 increasing stake master limited partnership kmi enjoy greater participation expected future growth kmp upon closing kmp completed excess 600 million acquisitions 2000 addition transaction boost kmi total asset contribution kmp 1 billion far exceeding original goal stipulated kinder morgan merged kn energy last july