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Capital Expenditures
In 2007, the Liquids Pipelines segment spent $151 million on capital maintenance and improvements compared with an expected $150 million. In 2008, the Company expects to spend $150 million on capital maintenance and improvements.
Total expenditures for organic growth projects described above were $1.3 billion for 2007, in line with expectations. For 2008, the Company expects to spend $2.8 billion for the organic growth projects. Discussion of the Company's access to financing is included under Liquidity and Capital Resources.