0000909281 oks:NoncontrollingInterestsInConsolidatedSubsidiariesMember 2009-01-01 2009-06-30 0000909281 oks:CommonUnitsCapitalMember 2009-01-01 2009-06-30 0000909281 oks:ClassBUnitsCapitalMember 2009-01-01 2009-06-30 0000909281 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-06-30 0000909281 oks:NoncontrollingInterestsInConsolidatedSubsidiariesMember 2009-06-30 0000909281 oks:GeneralPartnerCapitalMember 2009-06-30 0000909281 oks:CommonUnitsCapitalMember 2009-06-30 0000909281 oks:ClassBUnitsCapitalMember 2009-06-30 0000909281 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2008-12-31 0000909281 oks:NoncontrollingInterestsInConsolidatedSubsidiariesMember 2008-12-31 0000909281 oks:GeneralPartnerCapitalMember 2008-12-31 0000909281 oks:CommonUnitsCapitalMember 2008-12-31 0000909281 oks:ClassBUnitsCapitalMember 2008-12-31 0000909281 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-01-01 2009-06-30 0000909281 2007-12-31 0000909281 oks:GeneralPartnerCapitalMember 2009-01-01 2009-06-30 0000909281 2008-06-30 0000909281 2008-12-31 0000909281 2009-04-01 2009-06-30 0000909281 2008-04-01 2008-06-30 0000909281 2008-01-01 2008-06-30 0000909281 oks:CommonUnitsOutstandingMember 2009-07-31 0000909281 oks:ClassBUnitsMember 2009-07-31 0000909281 2009-01-01 2009-06-30 0000909281 2009-06-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares <div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUCbab080a5612b4361969ecb0e9f90994f">L.            LIMITED PARTNERS’ NET INCOME PER UNIT</a> </h1>   As discussed in Note A, we adopted EITF 07-4 on January 1, 2009, which requires us to utilize the two-class method of calculating net income per unit.   Limited partners’ net income per unit is computed by dividing net income attributable to ONEOK Partners, L.P., after deducting the general partner’s allocation, by the weighted-average number of outstanding limited partner units, which includes our common and Class B limited partner units.  As discussed in Note B of the Notes to Consolidated Financial Statements in our Annual Report, ONEOK, as sole holder of our Class B units, has waived its right to receive increased quarterly distributions on the Class B units.  Because ONEOK has waived its right to increased quarterly distributions, currently each Class B unit and common unit share equally in the earnings of the Partnership and neither has any liquidation or other preferences.  ONEOK retains the option to withdraw its waiver at any time by giving us no less than 90 days advance notice.  ONEOK Partners GP owns the entire 2 percent general partnership interest in us, which entitles it to incentive distribution rights that provide for an increasing proportion of cash distributions from the partnership as the distributions made to limited partners increase above specified levels.   For purposes of our calculation of limited partners’ net income per unit, net income attributable to ONEOK Partners, L.P. is generally allocated to the general partner as follows: (i) an amount based upon the 2 percent general partner interest in net income attributable to ONEOK Partners, L.P. and (ii) the amount of the general partner’s incentive distribution rights based on the total cash distributions declared for the period.  The amount of incentive distribution allocated to our general partner totaled $21.4 million and $41.8 million for the three and six months ended June 30, 2009, respectively.    The terms of our Partnership Agreement limit the general partner’s incentive distribution to the amount of available cash calculated for the period.  As such, incentive distribution rights are not allocated on undistributed earnings or distributions in excess of earnings.  Gains resulting from interim capital transactions, as defined in our Partnership Agreement, are generally not subject to distribution; however, our Partnership Agreement provides that if such distributions were made, the incentive distribution rights would not apply.  For additional information regarding our general partner’s incentive distribution rights, see “Cash Distribution Policy” under Part II, Item 5, Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities, in our Annual Report. <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUC175c3049a0664adc8eb0240555f96376">H.            COMMITMENTS AND CONTINGENCIES</a> </h1>   Investment in Northern Border Pipeline - In March 2009, we made an equity contribution of $4.3 million to Northern Border Pipeline.  Northern Border Pipeline anticipates requiring an additional equity contribution of approximately $76 million from its partners in the third quarter of 2009, of which our share will be approximately $38 million based on our 50 percent equity interest.   Environmental Liabilities - We are subject to multiple environmental, historical and wildlife preservation laws and regulations affecting many aspects of our present and future operations.  Regulated activities include those involving air emissions, stormwater and wastewater discharges, handling and disposal of solid and hazardous wastes, hazardous materials transportation, and pipeline and facility construction.  These laws and regulations require us to obtain and comply with a wide variety of environmental clearances, registrations, licenses, permits and other approvals.  Failure to comply with these laws, regulations, permits and licenses may expose us to fines, penalties and/or interruptions in our operations that could be material to our results of operations.  If a leak or spill of hazardous substances or petroleum products occurs from lines or facilities that we own, operate or otherwise use, we could be held jointly and severally liable for all resulting liabilities, including response, investigation and clean-up costs, which could materially affect our results of operations and cash flows.  In addition, emission controls required under the federal Clean Air Act and other similar federal and state laws could require unexpected capital expenditures at our facilities.  We cannot assure that existing environmental regulations will not be revised or that new regulations will not be adopted or become applicable to us.  Revised or additional regulations that result in increased compliance costs or additional operating restrictions could have a material adverse effect on our business, financial condition and results of operations.   Our expenditures for environmental evaluation, mitigation and remediation to date have not been significant in relation to our financial position or results of operations, and there were no material effects upon earnings or cash flows during the three and six months ended June 30, 2009 and 2008 related to compliance with environmental regulations. <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt">   </h1> <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUCf13b63bf811c45aba167d4593cb19fe8">D.            OTHER COMPREHENSIVE INCOME (LOSS)</a> </h1>   The following table sets forth other comprehensive income (loss) for the periods indicated.      <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="595" style= "width:6.2in;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="268" nowrap="nowrap" valign="bottom" style= "width:200.8pt;padding:0in 0in 0in 0in">   </td> <td width="11" nowrap="nowrap" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td width="153" nowrap="nowrap" colspan="4" valign= "bottom" style="width:114.8pt;padding: 0in 0in 0in 0in"> Three Months Ended </td> <td width="11" nowrap="nowrap" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td width="153" nowrap="nowrap" colspan="4" valign= "bottom" style="width:114.8pt;padding: 0in 0in 0in 0in"> Six Months Ended </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="4" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="4" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2008 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2008 </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="9" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:4"> <td width="268" valign="top" style= "width:200.8pt;padding:0in 0in 0in 0in"> Unrealized gains (losses) on derivatives </td> <td width="11" valign="top" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(12,870) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(47,620) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(13,080) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(53,165) </td> </tr> <tr style="mso-yfti-irow:5"> <td width="268" valign="bottom" style= "width:200.8pt;padding:0in 0in 0in 0in"> Less:  Realized gains (losses) recognized in net income </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  16,419 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (9,571) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  35,620 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (16,865) </td> </tr> <tr style="mso-yfti-irow:6"> <td width="268" valign="bottom" style= "width:200.8pt;padding:0in 0in 0in 0in"> Other </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  212 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> </tr> <tr style="mso-yfti-irow:7;mso-yfti-lastrow:yes"> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 6.75pt"> Other comprehensive income (loss) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $(29,289) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $(38,049) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $(48,488) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $(36,300) </td> </tr> </table> </div>   The following table sets forth the balance in accumulated other comprehensive income (loss) for the period indicated.     <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="301" style= "width:226.0pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="166" nowrap="nowrap" valign="bottom" style= "width:124.55pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="19" nowrap="nowrap" valign="bottom" style= "width:14.35pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="116" colspan="3" valign="bottom" style= "width:87.1pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Unrealized Gains (Losses) on Derivatives </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> December 31, 2008 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $64,405 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" colspan="3" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 6.75pt"> Other comprehensive income (loss) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  (48,488) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:4;mso-yfti-lastrow:yes"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in"> June 30, 2009 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $15,917 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> </tr> </table> </div> <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUC6ee472e6d0fa44b89b153db54328262b">C.            RISK MANAGEMENT AND HEDGING ACTIVITIES USING DERIVATIVES</a> </h1>   Risk Management Activities - We are sensitive to changes in natural gas, condensate and NGL prices, principally as a result of contractual terms under which these commodities are processed, purchased and sold.  We use physical forward sales and financial derivatives to secure a certain price for a portion of our natural gas, condensate and NGL products.  We follow established policies and procedures to assess risk and approve, monitor and report our risk management activities.  We have not used these instruments for trading purposes.  We are also subject to the risk of interest rate fluctuation in the normal course of business.    Commodity price risk - Commodity price risk refers to the risk of loss in cash flows and future earnings arising from adverse changes in the price of natural gas, NGLs and condensate.  We use the following commodity derivative instruments to mitigate the commodity price risk associated with a portion of the forecasted sales of these commodities. <ul style="margin-top:0in" type="disc"> <li class="MsoNormal" style= "mso-list:l0 level1 lfo1;tab-stops:list .5in"> Futures contracts - Standardized exchange-traded contracts to purchase or sell natural gas and crude oil at a specified price, requiring delivery on or settlement through the sale or purchase of an offsetting contract by a specified future date under the provisions of exchange regulations.  </li> <li class="MsoNormal" style= "mso-list:l0 level1 lfo1;tab-stops:list .5in"> Forward contracts - Commitments to purchase or sell natural gas, crude oil or NGLs for delivery at some specified time in the future.  Forward contracts are different from futures in that forwards are customized and non-exchange traded. </li> <li class="MsoNormal" style= "mso-list:l0 level1 lfo1;tab-stops:list .5in"> Swaps - Financial trades involving the exchange of payments based on two different pricing structures for a commodity.  In a typical commodity swap, parties exchange payments based on changes in the price of a commodity or a market index, while fixing the price they effectively pay or receive for the physical commodity.  As a result, one party assumes the risks and benefits of the movements in market prices while the other party assumes the risks and benefits of a fixed price for the commodity.  </li> </ul>   In our Natural Gas Gathering and Processing segment, we are exposed to commodity price risk, primarily NGLs and natural gas, as a result of receiving commodities in exchange for services associated with our POP contracts.  To a lesser extent, exposures arise from the relative price differential between NGLs and natural gas, or the gross processing spread, with respect to our keep-whole processing contracts.  We are also exposed to basis risk between the various production and market locations where we buy and sell commodities.  As part of our hedging strategy, we use the aforementioned commodity derivative instruments to minimize earnings volatility related to natural gas, NGL and condensate price fluctuations.  We reduce our gross processing spread exposure through a combination of physical and financial hedges.  We utilize a portion of our POP equity natural gas as an offset, or natural hedge, to an equivalent portion of our keep-whole shrink requirements.  This has the effect of converting our gross processing spread risk to NGL commodity price risk.  We hedge a portion of the forecasted sales of the commodities we retain, including NGLs, natural gas and condensate. In our Natural Gas Liquids Gathering and Fractionation segment, we are exposed to basis risk primarily as a result of the relative value of NGL purchases at one location and sales at another location.  To a lesser extent, we are exposed to commodity price risk resulting from the relative values of the various NGL products to each other, NGLs in storage and the relative value of NGLs to natural gas.  We utilize fixed-price physical forward contracts to reduce earnings volatility related to NGL price fluctuations.  At June 30, 2009, we were not using any financial derivative instruments with respect to our NGL gathering and fractionation activities.   In our Natural Gas Pipelines segment, we are exposed to commodity price risk because our intrastate and interstate natural gas pipelines collect natural gas from our customers for operations or as part of our fee for services provided.  When the amount of natural gas consumed in operations by these pipelines differs from the amount provided by our customers, our pipelines must buy or sell natural gas, or store or use natural gas from inventory, which can expose us to commodity price risk depending on the regulatory treatment for this activity.  We use physical forward sales to reduce earnings volatility related to natural gas price fluctuations.  At June 30, 2009, we were not using any financial derivative instruments with respect to our intrastate and interstate pipeline operations.   Interest rate risk - We manage interest rate risk through the use of fixed-rate debt, floating-rate debt and, at times, interest-rate swaps.  Interest-rate swaps are agreements to exchange an interest payment at some future point based on the differential between two interest rates.  Floating-rate swaps may be used to convert the fixed rates of long-term borrowings into short-term variable rates.   Accounting Treatment - We account for derivative instruments and hedging activities in accordance with Statement 133, “Accounting for Derivative Instruments and Hedging Activities,” as amended.  Under Statement 133, entities are required to record derivative instruments at fair value, with the exception of normal purchases and normal sales that are expected to result in physical delivery.  The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a cash flow hedging relationship and, if so, the reason for holding it.    The table below summarizes the various ways in which we account for our derivative instruments and the impact on our consolidated financial statements.     <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="623" style= "width:467.0pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="121" nowrap="nowrap" valign="bottom" style= "width:90.6pt;padding:0in 0in 0in 0in">   </td> <td width="14" nowrap="nowrap" valign="bottom" style= "width:10.6pt;padding:0in 0in 0in 0in">   </td> <td width="488" nowrap="nowrap" colspan="3" valign= "bottom" style= "width:365.8pt;border: none;border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Recognition and Measurement </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" colspan="2" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> Accounting Treatment </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> Balance Sheet </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="236" nowrap="nowrap" valign="bottom" style= "width:176.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Income Statement </td> </tr> <tr style="mso-yfti-irow:2"> <td width="121" valign="top" style= "width:90.6pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> Normal purchases and normal sales </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="top" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> - Fair value not recorded </td> <td nowrap="nowrap" valign="top" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="236" valign="top" style= "width:176.8pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  - Change in fair value not recognized in     earnings </td> </tr> <tr style="mso-yfti-irow:3"> <td width="121" valign="top" style= "width:90.6pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> Mark-to-market </td> <td width="14" valign="top" style= "width:10.6pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="244" valign="top" style= "width:183.05pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> - Recorded at fair value </td> <td width="8" valign="top" style= "width:5.95pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="236" valign="top" style= "width:176.8pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  - Change in fair value recognized in              earnings </td> </tr> <tr style="mso-yfti-irow:4"> <td width="121" valign="top" style= "width:90.6pt;padding:0in 0in 0in 0in"> Cash flow hedge </td> <td width="14" valign="top" style= "width:10.6pt;padding:0in 0in 0in 0in">   </td> <td width="244" valign="top" style= "width:183.05pt;padding:0in 0in 0in 0in"> - Recorded at fair value </td> <td width="8" valign="top" style= "width:5.95pt;padding:0in 0in 0in 0in">   </td> <td width="236" valign="top" style= "width:176.8pt;padding:0in 0in 0in 0in">  - Ineffective portion of the gain or loss on     the derivative instrument is recognized     in earnings </td> </tr> <tr style="mso-yfti-irow:5"> <td width="121" valign="top" style= "width:90.6pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="14" valign="top" style= "width:10.6pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="244" valign="top" style= "width:183.05pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> - Effective portion of the gain or loss on the    derivative instrument is reported initially    as a component of accumulated other    comprehensive income (loss) </td> <td width="8" valign="top" style= "width:5.95pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="236" valign="top" style= "width:176.8pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  - Effective portion of the gain or loss on               the derivative instrument is reclassified           out of accumulated other        comprehensive income (loss) into     earnings when the forecasted     transaction affects earnings </td> </tr> <tr style="mso-yfti-irow:6"> <td width="121" valign="top" style= "width:90.6pt;padding:0in 0in 0in 0in"> Fair value hedge </td> <td width="14" valign="top" style= "width:10.6pt;padding:0in 0in 0in 0in">   </td> <td width="244" valign="top" style= "width:183.05pt;padding:0in 0in 0in 0in"> - Recorded at fair value </td> <td width="8" valign="top" style= "width:5.95pt;padding:0in 0in 0in 0in">   </td> <td width="236" valign="top" style= "width:176.8pt;padding:0in 0in 0in 0in"> -  The gain or loss on the derivative     instrument is recognized in earnings </td> </tr> <tr style="mso-yfti-irow:7;mso-yfti-lastrow:yes"> <td width="121" valign="top" style= "width:90.6pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="14" valign="top" style= "width:10.6pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="244" valign="top" style= "width:183.05pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> - Change in fair value of the hedged item is    recorded as an adjustment to its book value </td> <td width="8" valign="top" style= "width:5.95pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="236" valign="top" style= "width:176.8pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> -  Change in fair value of the hedged item               is recognized in earnings </td> </tr> </table> </div>   As required by Statement 133, we formally document all relationships between hedging instruments and hedged items, as well as risk management objectives, strategies for undertaking various hedge transactions and methods for assessing and testing correlation and hedge ineffectiveness.  We specifically identify the forecasted transaction that has been designated as the hedged item with a cash flow hedge.  We assess the effectiveness of hedging relationships quarterly by performing a regression analysis on our fair value and cash flow hedging relationships to determine whether the hedge relationships are highly effective on a retrospective and prospective basis.  We also document our normal purchases and normal sales transactions that we expect to result in physical delivery and that we elect to exempt from derivative accounting treatment.    Cash flows from futures, forwards and swaps that are accounted for as hedges are included in the same cash flow statement category as the cash flows from the related hedged items.   Fair Values of Derivative Instruments - Statement 157 defines fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date.  See Note B for a discussion of the inputs associated with our fair value measurements and our fair value hierarchy disclosures.   As of June 30, 2009, we had $25.6 million of derivative assets and $8.3 million of derivative liabilities, excluding the impact of netting, all of which related to commodity contracts.   As of June 30, 2009, we had fixed-price natural gas swaps with a notional quantity of 4.5 Bcf and natural gas basis swaps with a notional quantity of 4.5 Bcf.  Additionally, we had fixed-price crude oil and NGL swaps with a notional quantity of 2.0 MMBbl.    Cash Flow Hedges - At June 30, 2009, our Consolidated Balance Sheet reflected an unrealized gain of $20.5 million in accumulated other comprehensive income (loss), with a corresponding offset in derivative financial instrument assets and liabilities that will be realized within the next 18 months as the forecasted transactions affect earnings.  If prices remain at current levels, we will recognize $21.8 million in gains over the next 12 months, and we will recognize losses of $1.3 million thereafter.   The following table sets forth the effect of cash flow hedges recognized in other comprehensive income (loss) for the periods indicated.     <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="561" style= "width:421.0pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:12.0pt"> <td width="259" rowspan="2" valign="bottom" style= "width:194.3pt;border:none; border-bottom:solid black 1.0pt;mso-border-bottom-alt:solid black .5pt; background:white;padding:0in 0in 0in 0in;height:12.0pt"> Derivatives in Cash Flow Hedging Relationships </td> <td width="24" valign="bottom" style= "width:.25in;background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td width="24" valign="bottom" style= "width:.25in;background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td width="118" valign="bottom" style= "width:88.2pt;background:white;padding: 0in 0in 0in 0in;height:12.0pt"> Three Months Ended </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.15pt;background:white; padding:0in 0in 0in 0in;height:12.0pt">   </td> <td width="110" valign="bottom" style= "width:82.55pt;background:white;padding: 0in 0in 0in 0in;height:12.0pt"> Six Months Ended </td> <td width="17" nowrap="nowrap" valign="bottom" style= "width:12.8pt;background:white; padding:0in 0in 0in 0in;height:12.0pt">   </td> </tr> <tr style="mso-yfti-irow:1;height:12.0pt"> <td width="24" valign="bottom" style= "width:.25in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td width="24" valign="bottom" style= "width:.25in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td width="118" valign="bottom" style= "width:88.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; background:white;padding:0in 0in 0in 0in;height:12.0pt">  June 30, 2009 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.15pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; background:white;padding:0in 0in 0in 0in;height:12.0pt">   </td> <td width="110" valign="bottom" style= "width:82.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; background:white;padding:0in 0in 0in 0in;height:12.0pt">  June 30, 2009 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> </tr> <tr style="mso-yfti-irow:2;height:12.0pt"> <td width="259" valign="bottom" style= "width:194.3pt;background:white;padding: 0in 0in 0in 0in;height:12.0pt">   </td> <td width="24" valign="bottom" style= "width:.25in;background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td width="24" valign="bottom" style= "width:.25in;background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;background:white;padding:0in 0in 0in 0in;height:12.0pt"> (Thousands of dollars) </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> </tr> <tr style="mso-yfti-irow:3;height:12.0pt"> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt"> Commodity contracts </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td width="118" nowrap="nowrap" valign="bottom" style= "width:88.2pt;padding:0in 0in 0in 0in; height:12.0pt">  $(13,313) </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.15pt;background:white; padding:0in 0in 0in 0in;height:12.0pt">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in;height:12.0pt">  $(13,644) </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> </tr> <tr style="mso-yfti-irow:4;height:12.0pt"> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt"> Interest rate contracts </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td width="118" nowrap="nowrap" valign="bottom" style= "width:88.2pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in;height:12.0pt">  443 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.15pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; background:white;padding:0in 0in 0in 0in;height:12.0pt">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in; height:12.0pt">  564 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> </tr> <tr style="mso-yfti-irow:5;height:25.5pt"> <td width="259" valign="bottom" style= "width:194.3pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 2.25pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; background:white;padding:0in 0in 0in 6.75pt;height:25.5pt"> Total gain (loss) recognized in other comprehensive    income (loss) (effective portion) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; background:white;padding:0in 0in 0in 6.75pt;height:25.5pt">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; background:white;padding:0in 0in 0in 6.75pt;height:25.5pt">   </td> <td width="118" valign="bottom" style= "width:88.2pt;border:none;border-bottom: double windowtext 2.25pt;padding:0in 0in 0in 0in;height:25.5pt">  $(12,870) </td> <td width="10" valign="bottom" style= "width:7.15pt;border:none;border-bottom: double windowtext 2.25pt;background:white;padding:0in 0in 0in 0in;height: 25.5pt">   </td> <td width="110" valign="bottom" style= "width:82.55pt;border:none;border-bottom: double windowtext 2.25pt;padding:0in 0in 0in 0in;height:25.5pt">  $(13,080) </td> <td width="17" valign="bottom" style= "width:12.8pt;border:none;border-bottom: double windowtext 2.25pt;background:white;padding:0in 0in 0in 0in;height: 25.5pt">   </td> </tr> <tr style= "mso-yfti-irow:6;mso-yfti-lastrow:yes;height:12.0pt"> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td width="118" nowrap="nowrap" valign="bottom" style= "width:88.2pt;background:white; padding:0in 0in 0in 0in;height:12.0pt">   </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.15pt;background:white; padding:0in 0in 0in 0in;height:12.0pt">   </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in; height:12.0pt">   </td> </tr> </table> </div>   The following table sets forth the effect of cash flow hedges on our Consolidated Statements of Income for the periods indicated.   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="612" style= "width:459.2pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="133" nowrap="nowrap" valign="bottom" style= "width:99.8pt;background:white; padding:0in 0in 0in 0in">   </td> <td width="234" valign="bottom" style= "width:175.6pt;background:white;padding: 0in 0in 0in 0in"> Location of Gain (Loss) Reclassified from </td> <td width="12" nowrap="nowrap" valign="bottom" style= "width:8.8pt;background:white; padding:0in 0in 0in 0in">   </td> <td width="106" valign="bottom" style= "width:79.4pt;background:white;padding: 0in 0in 0in 0in">   </td> <td width="16" nowrap="nowrap" valign="bottom" style= "width:11.8pt;background:white; padding:0in 0in 0in 0in">   </td> <td width="112" nowrap="nowrap" valign="bottom" style= "width:83.8pt;background:white; padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:1"> <td width="133" valign="bottom" style= "width:99.8pt;background:white;padding: 0in 0in 0in 0in"> Derivatives in Cash Flow </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in"> Accumulated Other Comprehensive Income </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in">   </td> <td width="106" valign="bottom" style= "width:79.4pt;background:white;padding: 0in 0in 0in 0in"> Three Months Ended </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in">   </td> <td width="112" valign="bottom" style= "width:83.8pt;background:white;padding: 0in 0in 0in 0in"> Six Months Ended </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in"> Hedging Relationships </td> <td width="234" valign="bottom" style= "width:175.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; background:white;padding:0in 0in 0in 0in"> (Loss) into Net Income (Effective Portion) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in">   </td> <td width="106" valign="bottom" style= "width:79.4pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; background:white;padding:0in 0in 0in 0in">  June 30, 2009 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in">   </td> <td width="112" valign="bottom" style= "width:83.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; background:white;padding:0in 0in 0in 0in">  June 30, 2009 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="133" valign="bottom" style= "width:99.8pt;background:white;padding: 0in 0in 0in 0in">   </td> <td width="234" valign="bottom" style= "width:175.6pt;background:white;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;background:white;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:4"> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in"> Commodity contracts </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in .75in"> Revenues </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $15,983 </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $34,748 </td> </tr> <tr style="mso-yfti-irow:5"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in"> Interest rate contracts </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in .75in"> Interest expense </td> <td nowrap="nowrap" valign="bottom" style= "background:white;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  436 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;background:white;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  872 </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td width="367" colspan="2" valign="bottom" style= "width:275.4pt;border:none; border-bottom:double windowtext 2.25pt;mso-border-top-alt:solid windowtext .5pt; background:white;padding:0in 0in 0in 6.75pt"> Total gain (loss) reclassified from accumulated other comprehensive    income (loss) into net income (effective portion) </td> <td width="12" valign="bottom" style= "width:8.8pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 2.25pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; background:white;padding:0in 0in 0in 0in">   </td> <td width="106" valign="bottom" style= "width:79.4pt;border:none;border-bottom: double windowtext 2.25pt;padding:0in 0in 0in 0in">  $16,419 </td> <td width="16" valign="bottom" style= "width:11.8pt;border:none;border-bottom: double windowtext 2.25pt;background:white;padding:0in 0in 0in 0in">   </td> <td width="112" valign="bottom" style= "width:83.8pt;border:none;border-bottom: double windowtext 2.25pt;padding:0in 0in 0in 0in">  $35,620 </td> </tr> </table> </div>   Ineffectiveness related to our cash flow hedges was not material for the three and six months ended June 30, 2009 and 2008.  In the event that it becomes probable that a forecasted transaction will not occur, we would discontinue cash flow hedge treatment, which would affect earnings.  There were no gains or losses due to the discontinuance of cash flow hedge treatment during the three and six months ended June 30, 2009 and 2008.    Fair Value Hedges - In prior years, we terminated various interest-rate swap agreements.  The net savings from the termination of these swaps is being recognized in interest expense over the terms of the debt instruments originally hedged.  Interest expense savings for the six months ended June 30, 2009, from amortization of terminated swaps was $1.9 million, and the remaining amortization of terminated swaps will be recognized over the following periods.   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="210" style= "width:157.2pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="102" nowrap="nowrap" valign="bottom" style= "width:76.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="20" nowrap="nowrap" valign="bottom" style= "width:14.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="68" nowrap="nowrap" valign="bottom" style= "width:50.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="20" nowrap="nowrap" valign="bottom" style= "width:14.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Millions of dollars) </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Remainder of 2009 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1.8 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> 2010 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $3.7 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:4;mso-yfti-lastrow:yes"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2011 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $0.9 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> </tr> </table> </div>   At June 30, 2009, none of the interest on our fixed-rate debt was swapped to floating using interest-rate swaps.    Credit Risk - All the commodity derivative contracts we enter into are withONEOK Energy Services Company, L.P. (OES), a subsidiary of ONEOK.  OES enters into similar commodity derivative contracts with third parties at our direction and on our behalf.  We have an indemnification agreement with OES that indemnifies and holds OES harmless from any liability they may incur solely as a result of entering into commodity derivative contracts on our behalf.  Derivative assets for which we would indemnify OES in the event of a default by the counterparty total $18.7 million at June 30, 2009, and are with investment grade counterparties that are primarily in the oil and gas sector.   <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <a name="_AUC0fda028241aa4a839b6c2cf12612a767">K.            UNCONSOLIDATED AFFILIATES</a>   Equity Earnings from Investments - The following table sets forth our equity earnings from investments for the periods indicated.   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="596" style= "width:447.2pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="216" nowrap="nowrap" style= "width:161.8pt;padding:0in 0in 0in 0in">   </td> <td width="11" nowrap="nowrap" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td width="176" nowrap="nowrap" colspan="3" style= "width:131.8pt;padding:0in 0in 0in 0in"> Three Months Ended </td> <td width="18" nowrap="nowrap" style= "width:13.8pt;padding:0in 0in 0in 0in">   </td> <td width="176" nowrap="nowrap" colspan="3" style= "width:131.8pt;padding:0in 0in 0in 0in"> Six Months Ended </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2008 </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2008 </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="7" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:4"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in"> Northern Border Pipeline </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $5,454 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $8,880 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $21,492 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $28,661 </td> </tr> <tr style="mso-yfti-irow:5"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in"> Fort Union Gas Gathering, L.L.C. </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  3,805 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  3,464 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  6,015 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  5,759 </td> </tr> <tr style="mso-yfti-irow:6"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in"> Bighorn Gas Gathering, L.L.C. </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  1,824 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  2,005 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  3,910 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  4,323 </td> </tr> <tr style="mso-yfti-irow:7"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in"> Lost Creek Gathering Company, L.L.C. </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  1,312 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  1,797 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  2,202 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  3,082 </td> </tr> <tr style="mso-yfti-irow:8"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in"> Other </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  1,793 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  1,464 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  1,791 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  3,568 </td> </tr> <tr style="mso-yfti-irow:9;mso-yfti-lastrow:yes"> <td nowrap="nowrap" style= "border-top:solid windowtext 1.0pt;border-left:none; border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 6.75pt"> Equity earnings from investments </td> <td nowrap="nowrap" style= "border-top:solid windowtext 1.0pt;border-left:none; border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border-top:solid windowtext 1.0pt;border-left:none; border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $14,188 </td> <td nowrap="nowrap" style= "border-top:solid windowtext 1.0pt;border-left:none; border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border-top:solid windowtext 1.0pt;border-left:none; border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $17,610 </td> <td nowrap="nowrap" style= "border-top:solid windowtext 1.0pt;border-left:none; border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border-top:solid windowtext 1.0pt;border-left:none; border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $35,410 </td> <td nowrap="nowrap" style= "border-top:solid windowtext 1.0pt;border-left:none; border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border-top:solid windowtext 1.0pt;border-left:none; border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $45,393 </td> </tr> </table> </div>   Unconsolidated Affiliates Financial Information- The following table sets forth summarized combined financial information of our unconsolidated affiliates for the periods indicated.     <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="596" style= "width:447.25pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="216" nowrap="nowrap" style= "width:161.8pt;padding:0in 0in 0in 0in">   </td> <td width="11" nowrap="nowrap" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td width="176" nowrap="nowrap" colspan="3" style= "width:131.8pt;padding:0in 0in 0in 0in"> Three Months Ended </td> <td width="18" nowrap="nowrap" style= "width:13.8pt;padding:0in 0in 0in 0in">   </td> <td width="176" nowrap="nowrap" colspan="3" style= "width:131.85pt;padding:0in 0in 0in 0in"> Six Months Ended </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2008 </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2008 </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="7" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:4"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in"> Income Statement </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:5"> <td nowrap="nowrap" style="padding:0in 0in 0in 6.75pt"> Operating revenues </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $87,951 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $95,040 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $194,017 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $206,435 </td> </tr> <tr style="mso-yfti-irow:6"> <td nowrap="nowrap" style="padding:0in 0in 0in 6.75pt"> Operating expenses </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $44,429 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $45,201 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $89,232 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $88,545 </td> </tr> <tr style="mso-yfti-irow:7"> <td nowrap="nowrap" style="padding:0in 0in 0in 6.75pt"> Net income </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $32,129 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $33,927 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $82,645 </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">  $89,748 </td> </tr> <tr style="mso-yfti-irow:8"> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style="padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:9;mso-yfti-lastrow:yes"> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> Distributions paid to us </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $30,142 </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $33,214 </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $63,473 </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $60,627 </td> </tr> </table> </div> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUCb4918f165cbf41c6970678e3572ee85c">B.            FAIR VALUE MEASUREMENTS</a> </h1>   Refer to Notes A and C of the Notes to Consolidated Financial Statements in our Annual Report for a discussion of our fair value measurements and the fair value hierarchy.    Recurring Fair Value Measurements - The following tables set forth our recurring fair value measurements for the periods indicated.   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="588" style= "width:440.8pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="19" nowrap="nowrap" valign="bottom" style= "width:14.0pt;padding:0in 0in 0in 0in">   </td> <td width="155" nowrap="nowrap" valign="bottom" style= "width:116.0pt;padding:0in 0in 0in 0in">   </td> <td width="16" nowrap="nowrap" valign="bottom" style= "width:12.0pt;padding:0in 0in 0in 0in">   </td> <td width="398" nowrap="nowrap" colspan="9" valign= "bottom" style= "width:4.15in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> June 30, 2009 </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="59" valign="bottom" style= "width:43.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Level 1 </td> <td width="10" valign="bottom" style= "width:7.75pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Level 2 </td> <td width="10" valign="bottom" style= "width:7.75pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Level 3 </td> <td width="10" valign="bottom" style= "width:7.75pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Netting (a) </td> <td width="10" valign="bottom" style= "width:7.75pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:56.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Total </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="398" colspan="9" valign="bottom" style= "width:4.15in;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" colspan="2" valign="bottom" style= "padding:0in 0in 0in 0in"> Derivatives </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="59" valign="bottom" style= "width:43.95pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:7.75pt;padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:7.75pt;padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:7.75pt;padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:7.75pt;padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:56.0pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:4"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Assets (b) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $10,550 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $15,062 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(6,880) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $18,732 </td> </tr> <tr style="mso-yfti-irow:5"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> Liabilities (c) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> $ - </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $(4,796) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $(3,465) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $6,880 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $(1,381) </td> </tr> <tr style="mso-yfti-irow:6"> <td width="588" colspan="12" valign="bottom" style= "width:440.8pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> (a) - Our derivative assets and liabilities are presented in our Consolidated Balance Sheet on a net basis.  We net derivative assets and liabilities when a legally enforceable master netting arrangement exists between us and the counterparty to a derivative contract. </td> </tr> <tr style="mso-yfti-irow:7"> <td nowrap="nowrap" colspan="8" valign="bottom" style= "padding:0in 0in 0in 0in"> (b) - Included in derivative financial instruments in our Consolidated Balance Sheet. </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:8"> <td nowrap="nowrap" colspan="9" valign="bottom" style= "padding:0in 0in 0in 0in"> (c) - Included in deferred credits and other liabilities in our Consolidated Balance Sheet. </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:9"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:10"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="9" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> December 31, 2008 </td> </tr> <tr style="mso-yfti-irow:11"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="59" valign="bottom" style= "width:43.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Level 1 </td> <td width="10" valign="bottom" style= "width:7.75pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Level 2 </td> <td width="10" valign="bottom" style= "width:7.75pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Level 3 </td> <td width="10" valign="bottom" style= "width:7.75pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Netting (a) </td> <td width="10" valign="bottom" style= "width:7.75pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:56.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Total </td> </tr> <tr style="mso-yfti-irow:12"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="398" colspan="9" valign="bottom" style= "width:4.15in;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:13"> <td nowrap="nowrap" colspan="2" valign="bottom" style= "padding:0in 0in 0in 0in"> Derivatives </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="59" valign="bottom" style= "width:43.95pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:7.75pt;padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:7.75pt;padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:7.75pt;padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:7.75pt;padding:0in 0in 0in 0in">   </td> <td width="75" valign="bottom" style= "width:56.0pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:14"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> Assets (b) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $26,131 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $37,649 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $63,780 </td> </tr> <tr style="mso-yfti-irow:15"> <td width="588" colspan="12" valign="bottom" style= "width:440.8pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> (a) - Our derivative assets and liabilities are presented in our Consolidated Balance Sheet on a net basis.  We net derivative assets and liabilities when a legally enforceable master netting arrangement exists between us and the counterparty to a derivative contract. </td> </tr> <tr style="mso-yfti-irow:16;mso-yfti-lastrow:yes"> <td nowrap="nowrap" colspan="8" valign="bottom" style= "padding:0in 0in 0in 0in"> (b) - Included in derivative financial instruments in our Consolidated Balance Sheet. </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> </table> </div>   At June 30, 2009, and December 31, 2008, we had no cash collateral held or posted under our master netting arrangements.   In accordance with Statement 157, we categorize derivatives for which fair value is determined based on multiple inputs within a single level, based on the lowest level input that is significant to the fair value measurement in its entirety.    Our derivative instruments categorized as Level 2 include non-exchange traded fixed-price swaps for natural gas and crude oil that are valued based on NYMEX-settled prices.  Our derivative instruments categorized as Level 3 include over-the-counter fixed-price swaps for purity NGL products and natural gas basis swaps.  These swaps are valued based on information from a pricing service, the forward NYMEX curve for crude oil, correlations of specific NGL purity products to crude oil and internally developed basis curves incorporating observable and unobservable market data.  We corroborate the data on which our fair value estimates are based using our market knowledge of recent transactions and day-to-day pricing fluctuations and analysis of historical relationships of data from the pricing service compared with actual settlements and correlations.  We do not believe that our Level 3 fair value estimates have a material impact on our results of operations, as the majority of our derivatives are accounted for as cash flow hedges for which ineffectiveness is not material.   The following table sets forth a reconciliation of our Level 3 fair value measurements for the periods indicated. <h1 align="center" style= "text-align:center;tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt">   </h1>   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="601" style= "width:451.0pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="109" nowrap="nowrap" valign="bottom" style= "width:82.0pt;padding:0in 0in 0in 0in">   </td> <td width="109" nowrap="nowrap" valign="bottom" style= "width:82.0pt;padding:0in 0in 0in 0in">   </td> <td width="41" nowrap="nowrap" valign="bottom" style= "width:31.0pt;padding:0in 0in 0in 0in">   </td> <td width="20" nowrap="nowrap" valign="bottom" style= "width:15.0pt;padding:0in 0in 0in 0in">   </td> <td width="151" nowrap="nowrap" colspan="3" valign= "bottom" style="width:113.0pt;padding: 0in 0in 0in 0in"> Three Months Ended </td> <td width="20" nowrap="nowrap" valign="bottom" style= "width:15.0pt;padding:0in 0in 0in 0in">   </td> <td width="151" nowrap="nowrap" colspan="3" valign= "bottom" style="width:113.0pt;padding: 0in 0in 0in 0in"> Six Months Ended </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" colspan="3" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> Derivative Assets (Liabilities) </td> <td width="20" valign="bottom" style= "width:15.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="65" valign="bottom" style= "width:49.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> 2009 </td> <td width="20" valign="bottom" style= "width:15.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="65" valign="bottom" style= "width:49.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> 2008 </td> <td width="20" valign="bottom" style= "width:15.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="65" valign="bottom" style= "width:49.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> 2009 </td> <td width="20" valign="bottom" style= "width:15.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="65" valign="bottom" style= "width:49.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> 2008 </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="7" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:4"> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in"> Net assets (liabilities) at beginning of period </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $25,995 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(10,386) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $37,649 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(16,400) </td> </tr> <tr style="mso-yfti-irow:5"> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in">    Total realized/unrealized gains (losses): </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:6"> <td nowrap="nowrap" colspan="2" valign="bottom" style= "padding:0in 0in 0in 0in">        Included in earnings (a) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  982 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (7) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  2,086 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  973 </td> </tr> <tr style="mso-yfti-irow:7"> <td nowrap="nowrap" colspan="4" valign="bottom" style= "padding:0in 0in 0in 0in">        Included in other comprehensive income (loss) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (15,380) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (27,311) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (28,138) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (22,277) </td> </tr> <tr style="mso-yfti-irow:8"> <td nowrap="nowrap" colspan="2" valign="bottom" style= "border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 2.25pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in"> Net assets (liabilities) at end of period </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $11,597 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $(37,704) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $11,597 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $(37,704) </td> </tr> <tr style="mso-yfti-irow:9;mso-yfti-lastrow:yes"> <td nowrap="nowrap" colspan="7" valign="bottom" style= "padding:0in 0in 0in 0in"> (a) - Included in revenues in our Consolidated Statements of Income. </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> </table> </div>     There were no material gains (losses) for the three and six months ended June 30, 2009 and 2008, included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities classified as Level 3 fair value measurements still held as of the end of the period.   Other Financial Instruments - The approximate fair value of cash and cash equivalents, accounts receivable and accounts payable is equal to book value, due to their short-term nature.  The fair value of borrowings under our $1.0 billion amended and restated revolving credit agreement dated March 30, 2007 (Partnership Credit Agreement), approximates the carrying value since the interest rates are periodically adjusted to reflect current market conditions.  The estimated fair value of the aggregate of our senior notes outstanding, including current maturities, approximates the book value of approximately $3.1 billion at June 30, 2009, based on quoted market prices for similar issues with similar terms and maturities.    <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; 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<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUCfc6980d3a3474151a44bdb60fc98a471">G.            LONG-TERM DEBT</a> </h1>   Debt Issuance - In March 2009, we completed an underwritten public offering of $500 million aggregate principal amount of 8.625 percent Senior Notes due 2019 (2019 Notes).  The 2019 Notes were issued under our existing shelf registration statement filed with the SEC.   We may redeem the 2019 Notes, in whole or in part, at any time prior to their maturity at a redemption price equal to the principal amount, plus accrued and unpaid interest and a make-whole premium.  The redemption price will never be less than 100 percent of the principal amount of the 2019 Notes plus accrued and unpaid interest to the redemption date.  The 2019 Notes are senior unsecured obligations, ranking equally in right of payment with all of our existing and future unsecured senior indebtedness, and effectively junior to all of the existing and future debt and other liabilities of our non-guarantor subsidiaries.  The 2019 Notes are nonrecourse to our general partner.   The net proceeds from the 2019 Notes, after deducting underwriting discounts and commissions and expenses, of approximately $494.3 million were used to repay indebtedness outstanding under our Partnership Credit Agreement.    The 2019 Notes are fully and unconditionally guaranteed on a senior unsecured basis by ONEOK Partners Intermediate Limited Partnership (Intermediate Partnership).  The guarantee ranks equally in right of payment to all of the Intermediate Partnership’s existing and future unsecured senior indebtedness.    The terms of the 2019 Notes are governed by an indenture, dated as of September 25, 2006, between us and Wells Fargo Bank, N.A., as trustee, as supplemented by the Fifth Supplemental Indenture, dated March 3, 2009 (Indenture).  The Indenture does not limit the aggregate principal amount of debt securities that may be issued and provides that debt securities may be issued from time to time in one or more additional series.  The Indenture contains covenants including, among other provisions, limitations on our ability to place liens on our property or assets and to sell and leaseback our property.   The 2019 Notes will mature on March 1, 2019.  We will pay interest on the 2019 Notes on March 1 and September 1 of each year.  The first payment of interest on the 2019 Notes will be made on September 1, 2009.  Interest on the 2019 Notes accrues from March 3, 2009, which was the issuance date. <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUC94789d5ae50943318bd5b206af9876bf">E.             PARTNERS’ EQUITY</a> </h1> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt">   </h1> Equity Issuance - In June 2009, we completed an underwritten public offering of 5,000,000 common units at $45.81 per common unit, generating net proceeds of approximately $219.9 million after deducting underwriting discounts but before offering expenses.  In conjunction with the public offering of common units, ONEOK Partners GP contributed $4.7 million in order to maintain its 2 percent general partner interest in us.    In July 2009, we sold an additional 486,690 common units at $45.81 per common unit to the underwriters of the public offering upon the partial exercise of their option to purchase additional common units to cover over-allotments.  We received net proceeds of approximately $21.4 million from the sale of the common units after deducting underwriting discounts but before offering expenses.  In conjunction with the partial exercise by the underwriters, ONEOK Partners GP contributed $0.5 million in order to maintain its 2 percent general partner interest in us.    As a result of these transactions, ONEOK and its subsidiaries now hold an aggregate 45.1 percent interest in us.   We used the proceeds from the sale of common units and the general partner contributions to repay borrowings under our Partnership Credit Agreement and for general partnership purposes.    Cash Distributions - For the six months ended June 30, 2009, cash distributions included $45.5 million paid to our general partner, of which $40.6 million was related to incentive distributions.  These distributions pertained to the fourth quarter of 2008 and first quarter of 2009.  In July 2009, we declared a cash distribution of $1.08 per unit ($4.32 per unit on an annualized basis) for the second quarter of 2009.  The distribution will be paid on August 14, 2009, to unitholders of record as of July 31, 2009.   For the six months ended June 30, 2008, cash distributions included $35.3 million paid to our general partner, of which $30.9 million was related to incentive distributions.  These distributions pertained to the fourth quarter of 2007 and first quarter of 2008.  <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUC3f2237adc3f249b39d802c21e4c82197">I.              PROPERTY, PLANT AND EQUIPMENT</a> </h1>   The following table sets forth our property, plant and equipment, by segment, for the periods indicated.     <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="453" style= "width:339.6pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="261" nowrap="nowrap" valign="bottom" style= "width:195.6pt;padding:0in 0in 0in 0in">   </td> <td width="15" nowrap="nowrap" valign="bottom" style= "width:11.6pt;padding:0in 0in 0in 0in">   </td> <td width="70" nowrap="nowrap" valign="bottom" style= "width:52.6pt;padding:0in 0in 0in 0in"> June 30, </td> <td width="21" nowrap="nowrap" valign="bottom" style= "width:15.6pt;padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in"> December 31, </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> 2008 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="5" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Non-Regulated </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in">   </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:4"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Natural Gas Gathering and Processing </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,409,985 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in">  $1,368,223 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:5"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Natural Gas Pipelines </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> 168,191 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in"> 167,625 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:6"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Natural Gas Liquids Gathering and Fractionation </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> 903,776 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in"> 879,047 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:7"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Other </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> 40,132 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in"> 50,474 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:8"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Regulated </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in">   </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:9"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Natural Gas Pipelines </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> 1,490,628 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in"> 1,460,764 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:10"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> Natural Gas Liquids Pipelines </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2,136,972 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> 1,882,546 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:11"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Property, plant and equipment </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> 6,149,684 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in"> 5,808,679 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:12"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Accumulated depreciation and amortization </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> 930,031 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;padding:0in 0in 0in 0in"> 875,279 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:13;mso-yfti-lastrow:yes"> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 6.75pt"> Net property, plant and equipment </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $5,219,653 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td width="75" nowrap="nowrap" valign="bottom" style= "width:56.4pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 2.25pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $4,933,400 </td> <td width="10" nowrap="nowrap" valign="bottom" style= "width:7.8pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 2.25pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> </tr> </table> </div>   Property, plant and equipment on our Consolidated Balance Sheets includes construction work in process for capital projects that have not yet been put in service and therefore are not being depreciated.  The following table sets forth our construction work in process, by segment, for the periods indicated. <h1 align="center" style= "text-align:center;tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt">   </h1> <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="447" style= "width:335.6pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="261" nowrap="nowrap" valign="bottom" style= "width:195.6pt;padding:0in 0in 0in 0in">   </td> <td width="15" nowrap="nowrap" valign="bottom" style= "width:11.6pt;padding:0in 0in 0in 0in">   </td> <td width="70" nowrap="nowrap" valign="bottom" style= "width:52.6pt;padding:0in 0in 0in 0in"> June 30, </td> <td width="15" nowrap="nowrap" valign="bottom" style= "width:11.6pt;padding:0in 0in 0in 0in">   </td> <td width="78" nowrap="nowrap" valign="bottom" style= "width:58.4pt;padding:0in 0in 0in 0in"> December 31, </td> <td width="8" nowrap="nowrap" valign="bottom" style= "width:5.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="78" nowrap="nowrap" valign="bottom" style= "width:58.4pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> 2008 </td> <td width="8" nowrap="nowrap" valign="bottom" style= "width:5.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" valign="bottom" style= "border:none;mso-border-top-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="5" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Natural Gas Gathering and Processing </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $71,917 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="78" nowrap="nowrap" valign="bottom" style= "width:58.4pt;padding:0in 0in 0in 0in">  $135,252 </td> <td width="8" nowrap="nowrap" valign="bottom" style= "width:5.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:4"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Natural Gas Pipelines </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  30,024 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="78" nowrap="nowrap" valign="bottom" style= "width:58.4pt;padding:0in 0in 0in 0in">  107,686 </td> <td width="8" nowrap="nowrap" valign="bottom" style= "width:5.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:5"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Natural Gas Liquids Gathering and Fractionation </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  91,791 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="78" nowrap="nowrap" valign="bottom" style= "width:58.4pt;padding:0in 0in 0in 0in">  121,007 </td> <td width="8" nowrap="nowrap" valign="bottom" style= "width:5.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:6"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Natural Gas Liquids Pipelines </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  599,593 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="78" nowrap="nowrap" valign="bottom" style= "width:58.4pt;padding:0in 0in 0in 0in">  445,836 </td> <td width="8" nowrap="nowrap" valign="bottom" style= "width:5.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:7"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Other </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  560 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="78" nowrap="nowrap" valign="bottom" style= "width:58.4pt;padding:0in 0in 0in 0in">  197 </td> <td width="8" nowrap="nowrap" valign="bottom" style= "width:5.8pt;padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 6.75pt"> Total construction work in process </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $793,885 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td width="78" nowrap="nowrap" valign="bottom" style= "width:58.4pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 2.25pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $809,978 </td> <td width="8" nowrap="nowrap" valign="bottom" style= "width:5.8pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 2.25pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> </tr> </table> </div>   <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUC21873a2dd6d34055953d85026f19ed5e">M.           RELATED-PARTY TRANSACTIONS</a> </h1>   Intersegment and affiliate sales are recorded on the same basis as sales to unaffiliated customers.  Our Natural Gas Gathering and Processing segment sells natural gas to ONEOK and its subsidiaries.  A portion of our Natural Gas Pipelines segment’s revenues are from ONEOK and its subsidiaries.  Additionally, our Natural Gas Gathering and Processing segment and Natural Gas Liquids Gathering and Fractionation segment purchase a portion of the natural gas used in their operations from ONEOK and its subsidiaries.   We have certain contractual rights to the Bushton Plant.  Our Processing and Services Agreement with ONEOK and OBPI sets out the terms by which OBPI provides services to us at the Bushton Plant through 2012.  We have contracted for all of the capacity of the Bushton Plant from OBPI.  In exchange, we pay OBPI for all costs and expenses of the Bushton Plant, including reimbursement of a portion of OBPI’s obligations under equipment leases covering the Bushton Plant.    Under the Services Agreement with ONEOK, ONEOK Partners GP and NBP Services (Services Agreement), our operations and the operations of ONEOK and its affiliates can combine or share certain common services in order to operate more efficiently and cost-effectively.  Under the Services Agreement, ONEOK provides to us similar services that it provides to its affiliates, including those services required to be provided pursuant to our Partnership Agreement.  ONEOK Partners GP operates our interstate natural gas pipeline assets according to each pipeline’s operating agreement.  ONEOK Partners GP may purchase services from ONEOK and its affiliates pursuant to the terms of the Services Agreement.  ONEOK Partners GP has no employees and utilizes the services of ONEOK and ONEOK Services Company to fulfill its operating obligations.   ONEOK and its affiliates provide a variety of services to us under the Services Agreement, including cash management and financial services, employee benefits provided through ONEOK’s benefit plans, administrative services, insurance and office space leased in ONEOK’s headquarters building and other field locations.  Where costs are specifically incurred on behalf of one of our affiliates, the costs are billed directly to us by ONEOK.  In other situations, the costs may be allocated to us through a variety of methods, depending upon the nature of the expense and activities.  For example, a service that applies equally to all employees is allocated based upon the number of employees.  However, an expense benefiting the consolidated company but having no direct basis for allocation is allocated by the modified Distrigas method, a method using a combination of ratios that includes gross plant and investment, earnings before interest and taxes and payroll expense.  It is not practicable to determine what these general overhead costs would be on a stand-alone basis.  All costs directly charged or allocated to us are included in our Consolidated Statements of Income.    Our derivative contracts with OES are discussed under “Credit Risk” in Note C.   The following table sets forth the transactions with related parties for the periods indicated.     <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="528" style= "width:5.5in;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="198" nowrap="nowrap" valign="bottom" style= "width:148.8pt;padding:0in 0in 0in 0in">   </td> <td width="12" nowrap="nowrap" valign="bottom" style= "width:8.8pt;padding:0in 0in 0in 0in">   </td> <td width="153" nowrap="nowrap" colspan="3" valign= "bottom" style="width:114.8pt;padding: 0in 0in 0in 0in"> Three Months Ended </td> <td width="12" nowrap="nowrap" valign="bottom" style= "width:8.8pt;padding:0in 0in 0in 0in">   </td> <td width="153" nowrap="nowrap" colspan="3" valign= "bottom" style="width:114.8pt;padding: 0in 0in 0in 0in"> Six Months Ended </td> </tr> <tr style="mso-yfti-irow:1"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="3" valign="bottom" style= "padding:0in 0in 0in 0in"> June 30, </td> </tr> <tr style="mso-yfti-irow:2"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="73" style= "width:54.85pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td width="7" style= "width:5.1pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="73" style= "width:54.85pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2008 </td> <td width="12" style= "width:8.8pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="71" style= "width:53.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2009 </td> <td width="6" style= "width:4.8pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="76" style= "width:57.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> 2008 </td> </tr> <tr style="mso-yfti-irow:3"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="7" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:4"> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in"> Revenues </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $107,570 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $204,322 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $251,705 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $387,657 </td> </tr> <tr style="mso-yfti-irow:5"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:6"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> <a name="RANGE!A9"> Expenses</a> </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:7"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 6.75pt"> Cost of sales and fuel </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $9,416 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $24,731 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $26,054 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $60,060 </td> </tr> <tr style="mso-yfti-irow:8"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 6.75pt"> Administrative and general expenses </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  49,855 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  43,333 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  98,478 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  90,234 </td> </tr> <tr style="mso-yfti-irow:9;mso-yfti-lastrow:yes"> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 13.5pt"> Total expenses </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $59,271 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $68,064 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $124,532 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:double windowtext 2.25pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:double windowtext 2.25pt; padding:0in 0in 0in 0in">  $150,294 </td> </tr> </table> </div> <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUC9dbb6380d96c4c0a95df0477be7c33ee">F.             CREDIT FACILITIES</a> </h1>   Our Partnership Credit Agreement, which expires in March 2012, contains certain financial and other typical covenants as discussed in Note H of the Notes to Consolidated Financial Statements in our Annual Report.  Among other things, these covenants include maintaining a ratio of indebtedness to adjusted EBITDA (EBITDA, as adjusted for all non-cash charges and increased for projected EBITDA from certain lender-approved capital expansion projects) of no more than 5 to 1.  At June 30, 2009, our ratio of indebtedness to adjusted EBITDA was 4.3 to 1, and we were in compliance with all covenants under our Partnership Credit Agreement.   At June 30, 2009, we had $360 million of borrowings outstanding and $586.5 million of credit available under our Partnership Credit Agreement.  At June 30, 2009, we had a total of $49.2 million issued in letters of credit outside of the Partnership Credit Agreement.   Borrowings under our Partnership Credit Agreement are short term in nature, ranging from one day to six months.  Accordingly, these borrowings are classified as short-term notes payable. <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <h1 style= "tab-stops:.5in 210.0pt 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUC24bf89c645244057968c627d92ad9dca">J.             SEGMENTS</a> </h1>   Segment Descriptions - Our operations are divided into four business segments based on similarities in economic characteristics, products and services, types of customers, methods of distribution and regulatory environment, as follows: <ul style="margin-top:0in" type="disc"> <li class="MsoNormal" style= "mso-list:l0 level1 lfo1;tab-stops:.5in"> our Natural Gas Gathering and Processing segment primarily gathers and processes unprocessed natural gas; </li> <li class="MsoNormal" style= "mso-list:l0 level1 lfo1;tab-stops:.5in"> our Natural Gas Pipelines segment primarily operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities; </li> <li class="MsoNormal" style= "mso-list:l0 level1 lfo1;tab-stops:.5in"> our Natural Gas Liquids Gathering and Fractionation segment primarily gathers, treats and fractionates NGLs and stores and markets NGL products; and </li> <li class="MsoNormal" style= "mso-list:l0 level1 lfo1;tab-stops:.5in"> our Natural Gas Liquids Pipelines segment primarily operates regulated interstate natural gas liquids gathering and distribution pipelines. </li> </ul>   Accounting Policies - The accounting policies of the segments are the same as those described in Note A and Note L of the Notes to Consolidated Financial Statements in our Annual Report.  Intersegment and affiliate sales are recorded on the same basis as sales to unaffiliated customers.  Net margin is comprised of total revenues less cost of sales and fuel.  Cost of sales and fuel includes commodity purchases, fuel and transportation costs.   Customers - For the six months ended June 30, 2009, we had no single unaffiliated customer from which we received 10 percent or more of our consolidated revenues.  We had one unaffiliated customer from which we received $140.4 million, or approximately 10 percent, of our consolidated revenues, for the three months ended June 30, 2009.  We had one unaffiliated customer from which we received $308 million and $476 million, or approximately 14 percent and 11 percent, of our consolidated revenues, for the three and six months ended June 30, 2008, respectively.  All of these revenues pertain to our Natural Gas Liquids Gathering and Fractionation segment.    For the three and six months ended June 30, 2009 and 2008, sales to affiliated customers were less than 10 percent of our consolidated revenues.  See Note M for additional information about our sales to affiliated customers.   Operating Segment Information - The following tables set forth certain selected financial information for our operating segments for the periods indicated.      <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="623" style= "width:467.0pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="146" valign="bottom" style= "width:109.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Three Months Ended June 30, 2009 </td> <td width="11" nowrap="nowrap" valign="bottom" style= "width:8.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="69" valign="bottom" style= "width:52.05pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Gathering and Processing </td> <td width="9" valign="bottom" style= "width:6.4pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="68" valign="bottom" style= "width:51.25pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Pipelines (a) </td> <td width="9" valign="bottom" style= "width:6.4pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="72" valign="bottom" style= "width:53.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Liquids Gathering and Fractionation </td> <td width="9" valign="bottom" style= "width:6.4pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="68" valign="bottom" style= "width:51.25pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Liquids Pipelines (b) </td> <td width="9" valign="bottom" style= "width:6.4pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="71" valign="bottom" style= "width:53.25pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Other and Eliminations </td> <td width="9" valign="bottom" style= "width:6.4pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="74" nowrap="nowrap" valign="bottom" style= "width:55.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Total </td> </tr> <tr style="mso-yfti-irow:1"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="11" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:2"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in"> Sales to unaffiliated customers </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $73,667 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $51,493 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,144,980 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $19,348 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(1) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,289,487 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in"> Sales to affiliated customers </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  84,713 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  22,857 </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  107,570 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in"> Intersegment revenues </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  81,721 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  176 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  8,643 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  36,383 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (126,923) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> </tr> <tr style="mso-yfti-irow:5"> <td width="146" valign="bottom" style= "width:109.7pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Total revenues </td> <td width="11" valign="bottom" style= "width:8.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $240,101 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $74,526 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $1,153,623 </td> <td width="9" valign="bottom" style= "width:6.4pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $55,731 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $(126,924) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $1,397,057 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in">   </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:7"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in"> Net margin </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $86,292 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $66,861 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $67,714 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $44,102 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(2,987) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $261,982 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in"> Operating costs </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  34,031 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  24,484 </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  25,465 </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  19,148 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (2,621) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  100,507 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in"> Depreciation and amortization </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  14,465 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  10,629 </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  7,729 </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  7,118 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  12 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  39,953 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in"> Gain (loss) on sale of assets </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  3,093 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (24) </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (5) </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  1 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  211 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  3,276 </td> </tr> <tr style="mso-yfti-irow:11"> <td width="146" valign="bottom" style= "width:109.7pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Operating income (loss) </td> <td width="11" valign="bottom" style= "width:8.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $40,889 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $31,724 </td> <td width="9" valign="bottom" style= "width:6.4pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $34,515 </td> <td width="9" valign="bottom" style= "width:6.4pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $17,837 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $(167) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $124,798 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="146" valign="bottom" style= "width:109.7pt;padding:0in 0in 0in 0in">   </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:13"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Equity earnings from investments </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $7,721 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $5,555 </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td width="9" valign="bottom" style= "width:6.4pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $912 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $14,188 </td> </tr> <tr style="mso-yfti-irow:14"> <td width="146" valign="bottom" style= "width:109.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Capital expenditures </td> <td width="11" valign="bottom" style= "width:8.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $23,509 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $16,840 </td> <td width="9" valign="bottom" style= "width:6.4pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $10,126 </td> <td width="9" valign="bottom" style= "width:6.4pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $78,420 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $471 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $129,366 </td> </tr> <tr style="mso-yfti-irow:15"> <td width="623" colspan="13" valign="top" style= "width:467.0pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> (a) - Our Natural Gas Pipelines segment has regulated and non-regulated operations.  Our Natural Gas Pipelines segment’s regulated operations had revenues of $60.8 million, net margin of $52.8 million and operating income of $22.7 million. </td> </tr> <tr style="mso-yfti-irow:16;mso-yfti-lastrow:yes"> <td width="623" colspan="13" valign="top" style= "width:467.0pt;padding:0in 0in 0in 0in"> (b) - Our Natural Gas Liquids Pipelines segment’s operations are primarily regulated.  Our Natural Gas Liquids Pipelines segment’s non-regulated operations were not material. </td> </tr> </table> </div>     <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="623" style= "width:467.0pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="147" valign="bottom" style= "width:110.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Three Months Ended June 30, 2008 </td> <td width="80" colspan="2" valign="bottom" style= "width:60.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Gathering and Processing </td> <td width="75" colspan="2" valign="bottom" style= "width:56.15pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Pipelines (a) </td> <td width="80" colspan="2" valign="bottom" style= "width:60.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Liquids Gathering and Fractionation </td> <td width="80" colspan="2" valign="bottom" style= "width:60.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Liquids Pipelines (b) </td> <td width="77" colspan="2" valign="bottom" style= "width:57.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Other and Eliminations </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="74" nowrap="nowrap" valign="bottom" style= "width:55.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Total </td> </tr> <tr style="mso-yfti-irow:1"> <td width="147" valign="bottom" style= "width:110.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="11" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:2"> <td width="147" valign="bottom" style= "width:110.0pt;padding:0in 0in 0in 0in"> Sales to unaffiliated customers </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $140,209 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $56,050 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,730,488 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $12,824 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(1) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,939,570 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="147" valign="bottom" style= "width:110.0pt;padding:0in 0in 0in 0in"> Sales to affiliated customers </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  171,080 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  33,242 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  204,322 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="147" valign="bottom" style= "width:110.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Intersegment revenues </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  227,444 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  504 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  8,616 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  21,952 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  (258,516) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  - </td> </tr> <tr style="mso-yfti-irow:5"> <td width="147" valign="bottom" style= "width:110.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Total revenues </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $538,733 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $89,796 </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $1,739,104 </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $34,776 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $(258,517) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $2,143,892 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="147" valign="bottom" style= "width:110.0pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:7"> <td width="147" valign="bottom" style= "width:110.0pt;padding:0in 0in 0in 0in"> Net margin </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $121,120 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $66,716 </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $67,339 </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $27,369 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(1,611) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $280,933 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="147" valign="bottom" style= "width:110.0pt;padding:0in 0in 0in 0in"> Operating costs </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  32,790 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  20,468 </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  19,990 </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  13,782 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  128 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  87,158 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="147" valign="bottom" style= "width:110.0pt;padding:0in 0in 0in 0in"> Depreciation and amortization </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  12,141 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  8,522 </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  5,668 </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  3,697 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  5 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  30,033 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="147" valign="bottom" style= "width:110.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Gain (loss) on sale of assets </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  (6) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  (35) </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  6 </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  32 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  (3) </td> </tr> <tr style="mso-yfti-irow:11"> <td width="147" valign="bottom" style= "width:110.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Operating income (loss) </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $76,183 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $37,691 </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $41,687 </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $9,890 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $(1,712) </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $163,739 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="147" valign="bottom" style= "width:110.0pt;padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:13"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Equity earnings from investments </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $8,126 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $9,153 </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td width="10" valign="bottom" style= "width:.1in;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $331 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $17,610 </td> </tr> <tr style="mso-yfti-irow:14"> <td width="147" valign="bottom" style= "width:110.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Capital expenditures </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $36,348 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $29,766 </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $55,048 </td> <td width="10" valign="bottom" style= "width:.1in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $136,354 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $13 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $257,529 </td> </tr> <tr style="mso-yfti-irow:15"> <td width="623" colspan="13" valign="top" style= "width:467.0pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> (a) - Our Natural Gas Pipelines segment has regulated and non-regulated operations.  Our Natural Gas Pipelines segment’s regulated operations had revenues of $73.4 million, net margin of $51.6 million and operating income of $27.2 million. </td> </tr> <tr style="mso-yfti-irow:16;mso-yfti-lastrow:yes"> <td width="623" colspan="13" valign="bottom" style= "width:467.0pt;padding:0in 0in 0in 0in"> (b) - Our Natural Gas Liquids Pipelines segment’s operations are primarily regulated.  Our Natural Gas Liquids Pipelines segment’s non-regulated operations were not material. </td> </tr> </table> </div>     <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="623" style= "width:467.0pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="146" valign="bottom" style= "width:109.65pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Six Months Ended June 30, 2009 </td> <td width="11" nowrap="nowrap" valign="bottom" style= "width:8.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="69" valign="bottom" style= "width:51.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Gathering and Processing </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="69" valign="bottom" style= "width:51.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Pipelines (a) </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="71" valign="bottom" style= "width:53.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Liquids Gathering and Fractionation </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="69" valign="bottom" style= "width:51.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Liquids Pipelines (b) </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="71" valign="bottom" style= "width:52.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Other and Eliminations </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="74" nowrap="nowrap" valign="bottom" style= "width:55.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Total </td> </tr> <tr style="mso-yfti-irow:1"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="11" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:2"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Sales to unaffiliated customers </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $135,813 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $100,210 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $2,116,879 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $43,315 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $2,396,217 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Sales to affiliated customers </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  202,920 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  48,785 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  251,705 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Intersegment revenues </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  151,611 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  323 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  16,349 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  70,063 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (238,346) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> </tr> <tr style="mso-yfti-irow:5"> <td width="146" valign="bottom" style= "width:109.65pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Total revenues </td> <td width="11" valign="bottom" style= "width:8.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $490,344 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $149,318 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $2,133,228 </td> <td width="8" valign="bottom" style= "width:6.25pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $113,378 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $(238,346) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $2,647,922 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in">   </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:7"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Net margin </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $172,344 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $132,429 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $126,936 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $88,246 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(4,432) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $515,523 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Operating costs </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  65,859 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  44,664 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  48,302 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  34,713 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (3,585) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  189,953 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Depreciation and amortization </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  28,913 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  23,422 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  14,142 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  13,402 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  14 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  79,893 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Gain (loss) on sale of assets </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  3,074 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  3 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (2) </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  1 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  864 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  3,940 </td> </tr> <tr style="mso-yfti-irow:11"> <td width="146" valign="bottom" style= "width:109.65pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Operating income </td> <td width="11" valign="bottom" style= "width:8.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $80,646 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $64,346 </td> <td width="8" valign="bottom" style= "width:6.25pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $64,490 </td> <td width="8" valign="bottom" style= "width:6.25pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $40,132 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $3 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $249,617 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in">   </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:13"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Equity earnings from investments </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $12,187 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $21,763 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,460 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $35,410 </td> </tr> <tr style="mso-yfti-irow:14"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Investments in unconsolidated   affiliates </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $325,306 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $380,119 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $- </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $29,969 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $- </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $735,394 </td> </tr> <tr style="mso-yfti-irow:15"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Total assets </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,590,343 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,494,282 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,798,616 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $2,153,551 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $363,954 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $7,400,746 </td> </tr> <tr style="mso-yfti-irow:16"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Noncontrolling interests in   consolidated subsidiaries </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $5,326 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $131 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $15 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $5,472 </td> </tr> <tr style="mso-yfti-irow:17"> <td width="146" valign="bottom" style= "width:109.65pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Capital expenditures </td> <td width="11" valign="bottom" style= "width:8.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $52,327 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $34,268 </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $23,131 </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $211,663 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $471 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $321,860 </td> </tr> <tr style="mso-yfti-irow:18"> <td width="623" colspan="13" valign="top" style= "width:467.0pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> (a) - Our Natural Gas Pipelines segment has regulated and non-regulated operations.  Our Natural Gas Pipelines segment’s regulated operations had revenues of $122.4 million, net margin of $104.5 million and operating income of $46.0 million. </td> </tr> <tr style="mso-yfti-irow:19;mso-yfti-lastrow:yes"> <td width="623" colspan="13" valign="top" style= "width:467.0pt;padding:0in 0in 0in 0in"> (b) - Our Natural Gas Liquids Pipelines segment’s operations are primarily regulated.  Our Natural Gas Liquids Pipelines segment’s non-regulated operations were not material. </td> </tr> </table> </div>     <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="623" style= "width:467.0pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="146" valign="bottom" style= "width:109.65pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Six Months Ended June 30, 2008 </td> <td width="11" nowrap="nowrap" valign="bottom" style= "width:8.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td width="69" valign="bottom" style= "width:51.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Gathering and Processing </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="69" valign="bottom" style= "width:51.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Pipelines (a) </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="71" valign="bottom" style= "width:53.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Liquids Gathering and Fractionation </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="69" valign="bottom" style= "width:51.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Natural Gas Liquids Pipelines (b) </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="71" valign="bottom" style= "width:52.95pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Other and Eliminations </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td width="74" nowrap="nowrap" valign="bottom" style= "width:55.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">  Total </td> </tr> <tr style="mso-yfti-irow:1"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" colspan="11" valign="bottom" style= "border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 0in 0in 0in"> (Thousands of dollars) </td> </tr> <tr style="mso-yfti-irow:2"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Sales to unaffiliated customers </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $236,790 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $117,915 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $3,430,558 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $30,007 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $3,815,270 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Sales to affiliated customers </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  326,374 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  61,283 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  387,657 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Intersegment revenues </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  412,139 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  770 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  15,066 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  43,452 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (471,427) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  - </td> </tr> <tr style="mso-yfti-irow:5"> <td width="146" valign="bottom" style= "width:109.65pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Total revenues </td> <td width="11" valign="bottom" style= "width:8.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $975,303 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $179,968 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $3,445,624 </td> <td width="8" valign="bottom" style= "width:6.25pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $73,459 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $(471,427) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $4,202,927 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in">   </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:7"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Net margin </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $225,026 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $130,411 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $136,864 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $58,726 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $(1,569) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $549,458 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Operating costs </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  65,887 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  44,048 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  38,621 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  27,185 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (501) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  175,240 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Depreciation and amortization </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  23,898 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  16,940 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  11,287 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  7,839 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  11 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  59,975 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Gain (loss) on sale of assets </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (5) </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  (18) </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  18 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  1 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  32 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  28 </td> </tr> <tr style="mso-yfti-irow:11"> <td width="146" valign="bottom" style= "width:109.65pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Operating income (loss) </td> <td width="11" valign="bottom" style= "width:8.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $135,236 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $69,405 </td> <td width="8" valign="bottom" style= "width:6.25pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $86,974 </td> <td width="8" valign="bottom" style= "width:6.25pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $23,703 </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $(1,047) </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border-top:solid windowtext 1.0pt;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:none;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 0in 0in 0in">  $314,271 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in">   </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> </tr> <tr style="mso-yfti-irow:13"> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in"> Equity earnings from investments </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $15,170 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $29,214 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   $ - </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,009 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $45,393 </td> </tr> <tr style="mso-yfti-irow:14"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Investments in unconsolidated   affiliates </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $317,061 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $405,939 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $- </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $29,952 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $752,952 </td> </tr> <tr style="mso-yfti-irow:15"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Total assets </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,582,926 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,271,363 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $2,096,723 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $1,527,685 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $390,843 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $6,869,540 </td> </tr> <tr style="mso-yfti-irow:16"> <td width="146" valign="bottom" style= "width:109.65pt;padding:0in 0in 0in 0in"> Noncontrolling interests in   consolidated subsidiaries </td> <td width="11" valign="bottom" style= "width:8.0pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $ - </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $5,809 </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   $ - </td> <td width="8" valign="bottom" style= "width:6.25pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $88 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $14 </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "padding:0in 0in 0in 0in">  $5,911 </td> </tr> <tr style="mso-yfti-irow:17"> <td width="146" valign="bottom" style= "width:109.65pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 0in 0in 0in"> Capital expenditures </td> <td width="11" valign="bottom" style= "width:8.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $62,835 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $51,988 </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $84,619 </td> <td width="8" valign="bottom" style= "width:6.25pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $325,080 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $65 </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">   </td> <td nowrap="nowrap" valign="bottom" style= "border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 0in 0in 0in">  $524,587 </td> </tr> <tr style="mso-yfti-irow:18"> <td width="623" colspan="13" valign="top" style= "width:467.0pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 0in 0in 0in"> (a) - Our Natural Gas Pipelines segment has regulated and non-regulated operations.  Our Natural Gas Pipelines segment’s regulated operations had revenues of $150.5 million, net margin of $102.2 million and operating income of $51.0 million. </td> </tr> <tr style="mso-yfti-irow:19;mso-yfti-lastrow:yes"> <td width="623" colspan="13" valign="top" style= "width:467.0pt;padding:0in 0in 0in 0in"> (b) - Our Natural Gas Liquids Pipelines segment’s operations are primarily regulated.  Our Natural Gas Liquids Pipelines segment’s non-regulated operations were not material. </td> </tr> </table> </div>   <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New 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<div> <h1 style="tab-stops:.5in 256.5pt 328.5pt 5.5in 405.0pt"> <a name="_AUCf3a65fbffc554c968c2b7a9002305dae">A.            SUMMARY OF ACCOUNTING POLICIES</a> </h1>   Our accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP and reflect all adjustments that, in our opinion, are necessary for a fair presentation of the results for the interim periods presented.  All such adjustments are of a normal recurring nature.  The 2008 year-end consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP.  These unaudited consolidated financial statements should be read in conjunction with our audited consolidated financial statements in our Annual Report.    Our accounting policies are consistent with those disclosed in Note A of the Notes to Consolidated Financial Statements in our Annual Report.  The following recently issued accounting pronouncements will affect our consolidated financial statements during 2009.   Noncontrolling Interests - Statement 160, “Noncontrolling Interests in Consolidated Financial Statements - an amendment of ARB No. 51,” requires noncontrolling interests (previously referred to as minority interests) to be reported as a component of equity.  Statement 160 was effective for our year beginning January 1, 2009, and required retroactive adoption of the presentation and disclosure requirements for existing noncontrolling interests.    Derivative Instruments and Hedging Activities - Statement 161, “Disclosures about Derivative Instruments and Hedging Activities - an amendment to FASB Statement No. 133,” requires enhanced disclosures about how derivative and hedging activities affect our financial position, financial performance and cash flows.  Statement 161 was effective for our year beginning January 1, 2009, and has been applied prospectively.  See Note C for disclosures of our derivative instruments and hedging activities.   Fair Value Measurements - As of January 1, 2009, we have applied the provisions of Statement 157, “Fair Value Measurements,” to assets and liabilities that are measured at fair value on a nonrecurring basis subsequent to initial recognition, and the impact was not material.  See Note B for disclosures of our fair value measurements.   Limited Partners’ Net Income Per Unit - EITF 07-4, “Application of the Two-Class Method under FASB Statement No. 128 to Master Limited Partnerships,” was effective for our year beginning January 1, 2009, and required retroactive application.  Application of EITF 07-4 had no impact on our limited partners’ net income per unit for the three and six months ended June 30, 2009 and 2008.  See Note L for a discussion of our calculation of basic and diluted limited partners’ net income per unit.   Interim Disclosures about Fair Value - FSP 107-1 and Accounting Principles Board (APB) Opinion No. 28-1, “Interim Disclosures about Fair Value of Financial Instruments,” require disclosures of fair value of financial instruments for interim reporting periods, which were effective for our quarter ended June 30, 2009.  These disclosures are included in Note B.     Subsequent Events - Statement 165, “Subsequent Events,” establishes standards of accounting for and disclosures of events that occur after the balance sheet date but before consolidated financial statements are issued.  We have evaluated subsequent events through August 6, 2009, the date our consolidated financial statements were issued, and all required disclosures have been made.   FASB Accounting Standards Codification - Statement 168, “The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles,” establishes the FASB Accounting Standards Codification as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with GAAP.  Statement 168 will change the manner in which we reference authoritative accounting principles in our consolidated financial statements and will be effective for our September 30, 2009, Quarterly Report.  <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

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