Kinder Morgan Energy Partners (KMP) reported Thursday that net income before certain items in the first three months of 2007 was $216.3 million versus $246.7 million for the same period a year ago. Net income including certain items was slightly less at $214.9 million compared with $246.7 million in 1Q2006. The certain items in 1Q2007, adding up to the loss of $1.4 million, included refinancing debt at the Red Cedar Gathering Co. and insurance costs and recoveries associated with hurricanes Katrina and Rita.
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