Our Liquids business accounted for
$462.0 million of operating income
for the year ended December 31, 2009,
representing an increase of $119.8
million over the same period in 2008. The
favorable results are primarily attributable to
transportation rate increases that went into effect
during 2009, partially offset by higher operating
and administrative costs and depreciation.
Business Overview
Pipeline crew members align joints of the Alberta
Clipper pipeline near Rosby, Minn. Construction of the
326-mile Alberta Clipper pipeline began in August
2009 and is on track to wrap up by April 2010, three
months ahead of schedule.