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Opinion Letter
Opinion Letter (7K)
Doc #111871: Click preview link for longer preview.
July 23, 2002
Kinder Morgan Management, LLC Kinder Morgan Energy Partners, L.P. Kinder Morgan, Inc. One Allen Center, Suite 1000 500 Dallas Street Houston, Texas 77002
Ladies and Gentlemen:
We have acted as counsel to (i) Kinder Morgan Management, LLC, a Delaware limited liability company (the "Company"), in connection with the proposed offering by the Company of 20,000,000 shares (23,000,000 shares if the over-allotment option granted to the underwriters is exercised in full) of the Company representing limited liability company interests with limited voting rights (the "Shares," which term shall include such additional shares representing limited liability company interests with limited voting rights as may be offered pursuant to Rule 462 under the Securities Act of 1933, as amended), (ii) Kinder Morgan Energy Partners, L.P., a Delaware limited partnership (the "Partnership"), in connection with the proposed sale by the Partnership of limited partnership interests denominated as i-units (the "i-units," which term shall include such additional limited partnership interests denominated as i-units as may be offered pursuant to Rule 462 under the Securities Act of 1933, as amended) to the Company for a portion of the net proceeds of the offering of the Shares, and (iii) Kinder Morgan, Inc., a Kansas corporation ("KMI"), in connection with the obligation of KMI to purchase Shares (the "Purchase Obligation") in certain circumstances as specified in the Purchase Provisions (the "Purchase Provisions") attached as Annex B to and made a part of the Second Amended and Restated Limited Liability Company Agreement of the Company (the "LLC Agreement"). A Registration Statement on Form S-3 (the "Registration Statement") has been filed with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended, (1) by the Company with respect to the Shares, (2) by the Partnership with respect to the i-units to be sold by the Partnership to the Company, and (3) by KMI with respect to the Purchase Obligation.
111871
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Energy Partners
As referenced in this Opinion Letter:
ENERGY PARTNERS L – KINDER MORGAN ENERGY PARTNERS L P S-3/A (Filed 7/25/2002)
_____________
ENERGY PARTNERS L –
KINDER MORGAN ENERGY PARTNERS L P _____________
Energy Partners, L –
EX-5
3
EXHIBIT 5
July 23, 2002
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L .P.
Kinder Morgan, Inc.
One Allen Center, Suite 1000
500 Dallas Street
Houston, Texas 77002
Ladies and Gentlemen:
We have acted as counsel to (i) Kinder Morgan Management, LLC, _____________
Energy Partners, L – additional shares
representing limited liability company interests with limited voting rights as
may be offered pursuant to Rule 462 under the Securities Act of 1933, as
amended), (ii) Kinder Morgan Energy Partners, L .P., a Delaware limited
partnership (the "Partnership"), in connection with the proposed sale by the
Partnership of limited partnership interests denominated as i-units (the
"i-units," which term _____________
Energy Partners, L – to the i-units to be sold by the Partnership to the Company, and (3) by KMI with
respect to the Purchase Obligation.
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L .P.
Kinder Morgan, Inc.
July 23, 2002
Page 2
We have examined, among other things, originals or copies of:
o the Certificate of Formation of the Company;
o the _____________
dt 1850692
;
Kinder Morgan
As referenced in this Opinion Letter:
KINDER MORGAN ENERGY PARTNERS L –
KINDER MORGAN ENERGY PARTNERS L P _____________
Kinder Morgan Energy Partners, L –
EX-5
3
EXHIBIT 5
July 23, 2002
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L .P.
Kinder Morgan, Inc.
One Allen Center, Suite 1000
500 Dallas Street
Houston, Texas 77002
Ladies and Gentlemen:
We have acted as counsel to (i) Kinder Morgan Management, LLC, _____________
Kinder Morgan Energy Partners, L – include such additional shares
representing limited liability company interests with limited voting rights as
may be offered pursuant to Rule 462 under the Securities Act of 1933, as
amended), (ii) Kinder Morgan Energy Partners, L .P., a Delaware limited
partnership (the "Partnership"), in connection with the proposed sale by the
Partnership of limited partnership interests denominated as i-units (the
"i-units," which term _____________
Kinder Morgan Energy Partners, L – with respect
to the i-units to be sold by the Partnership to the Company, and (3) by KMI with
respect to the Purchase Obligation.
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L .P.
Kinder Morgan, Inc.
July 23, 2002
Page 2
We have examined, among other things, originals or copies of:
o the Certificate of Formation of the Company;
o the _____________
Kinder Morgan Energy Partners, L – us as copies, the due execution and delivery of all
documents by the parties thereto and the truthfulness of all statements of fact
contained therein.
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L .P.
Kinder Morgan, Inc.
July 23, 2002
Page 3
Based on the foregoing, subject to the limitations, assumptions and
qualifications set forth herein, and having due regard for such _____________
dt 1849538
;
Kinder Morgan
As referenced in this Opinion Letter:
Kinder Morgan, Inc. –
EX-5
3
EXHIBIT 5
July 23, 2002
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
One Allen Center, Suite 1000
500 Dallas Street
Houston, Texas 77002
Ladies and Gentlemen:
We have acted as counsel to (i) Kinder Morgan Management, LLC, a Delaware
limited liability _____________
Kinder Morgan, Inc. – pursuant to Rule 462 under
the Securities Act of 1933, as amended) to the Company for a portion of the net
proceeds of the offering of the Shares, and (iii) Kinder Morgan, Inc. , a Kansas
corporation ("KMI"), in connection with the obligation of KMI to purchase Shares
(the "Purchase Obligation") in certain circumstances as specified in the
Purchase Provisions (the "Purchase Provisions") _____________
Kinder Morgan, Inc. – to be sold by the Partnership to the Company, and (3) by KMI with
respect to the Purchase Obligation.
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
July 23, 2002
Page 2
We have examined, among other things, originals or copies of:
o the Certificate of Formation of the Company;
o the LLC Agreement, as amended _____________
Kinder Morgan, Inc. – and delivery of all
documents by the parties thereto and the truthfulness of all statements of fact
contained therein.
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
July 23, 2002
Page 3
Based on the foregoing, subject to the limitations, assumptions and
qualifications set forth herein, and having due regard for such legal
considerations as we _____________
Kinder Morgan, Inc. – the
heading "Legal Matters" in the prospectus included in the Registration
Statement. By giving such consent, we do not
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
July 23, 2002
Page 4
admit that we are experts with respect to any part of the Registration
Statement, including this Exhibit, within the meaning of the term "expert" _____________
dt 1849543
;
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Kinder Morgan
As referenced in this Opinion Letter:
Kinder Morgan, Inc. –
EX-5
3
EXHIBIT 5
July 23, 2002
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
One Allen Center, Suite 1000
500 Dallas Street
Houston, Texas 77002
Ladies and Gentlemen:
We have acted as counsel to (i) Kinder Morgan Management, LLC, a Delaware
limited liability _____________
Kinder Morgan, Inc. – pursuant to Rule 462 under
the Securities Act of 1933, as amended) to the Company for a portion of the net
proceeds of the offering of the Shares, and (iii) Kinder Morgan, Inc. , a Kansas
corporation ("KMI"), in connection with the obligation of KMI to purchase Shares
(the "Purchase Obligation") in certain circumstances as specified in the
Purchase Provisions (the "Purchase Provisions") _____________
Kinder Morgan, Inc. – to be sold by the Partnership to the Company, and (3) by KMI with
respect to the Purchase Obligation.
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
July 23, 2002
Page 2
We have examined, among other things, originals or copies of:
o the Certificate of Formation of the Company;
o the LLC Agreement, as amended _____________
Kinder Morgan, Inc. – and delivery of all
documents by the parties thereto and the truthfulness of all statements of fact
contained therein.
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
July 23, 2002
Page 3
Based on the foregoing, subject to the limitations, assumptions and
qualifications set forth herein, and having due regard for such legal
considerations as we _____________
Kinder Morgan, Inc. – the
heading "Legal Matters" in the prospectus included in the Registration
Statement. By giving such consent, we do not
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
July 23, 2002
Page 4
admit that we are experts with respect to any part of the Registration
Statement, including this Exhibit, within the meaning of the term "expert" _____________
dt 1849544
;
Kinder Morgan
As referenced in this Opinion Letter:
Kinder Morgan Management, LLC –
{DOCUMENT}
{TYPE}EX-5
{SEQUENCE}3
{PAGE}
EXHIBIT 5
July 23, 2002
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
One Allen Center, Suite 1000
500 Dallas Street
Houston, Texas 77002
Ladies and _____________
Kinder Morgan Management, LLC – Morgan, Inc.
One Allen Center, Suite 1000
500 Dallas Street
Houston, Texas 77002
Ladies and Gentlemen:
We have acted as counsel to (i) Kinder Morgan Management, LLC , a Delaware
limited liability company (the "Company"), in connection with the proposed
offering by the Company of 20,000,000 shares (23, _____________
Kinder Morgan Management, LLC – the i-units to be sold by the Partnership to the Company, and (3) by KMI with
respect to the Purchase Obligation.
{PAGE}
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
July 23, 2002
Page 2
We have examined, among other things, originals or _____________
Kinder Morgan Management, LLC – the due execution and delivery of all
documents by the parties thereto and the truthfulness of all statements of fact
contained therein.
{PAGE}
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
July 23, 2002
Page 3
Based on the foregoing, subject to the limitations, _____________
Kinder Morgan Management, LLC – our firm under the
heading "Legal Matters" in the prospectus included in the Registration
Statement. By giving such consent, we do not
{PAGE}
Kinder Morgan Management, LLC
Kinder Morgan Energy Partners, L.P.
Kinder Morgan, Inc.
July 23, 2002
Page 4
admit that we are experts with respect to _____________
dt 237523
;
Bracewell
As referenced in this Opinion Letter:
Bracewell & Patterson – Securities Act of 1933, as amended, or the rules and regulations
thereunder.
Very truly yours,
Bracewell & Patterson , L.L.P.
dt 30476
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