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  "notes": "Includes a sensitivity table for terminal yield vs. indicative growth and a summary reference range.",
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      "text": "Distributed cash flow projections through 2019 per KMI management guidance; Terminal Value (2020E) distribution based on management guidance; Projected distributions discounted back to 1/1/2015; Assumes mid-year discounting convention; Terminal value at 12/31/2019 calculated with an assumed yield range of 4.50% to 5.25%, based on historical trading levels; Assumed yield + indicative growth reference range of 11.50% - 14.50%",
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