Jerry, I'm with you. I bought this way back when it was an MLP. I let it grow via distributions. Bought some more in an IRA. Cashed in $18,000 worth (about twice my original investment) just prior to the conversion. Still have 1250s waiting in the wings. May harvest the losses in my taxable account, can always buy it back after the wash sale period. The IRA holding will probably sit there for a while longer. No sense in taking a loss there now. As you say, KMI is the largest pipeline company in the U.S.