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Targa Resources' President Participates In Panel Discussion At RBC Capital Markets MLP Conference - Conference Call Transcript

Complementary to that, we’re building a six fractionator at Mount Bellevue, another 80,000 barrel a day fractionators. We originally had on the timeline that that would probably be first quarter 2013. Our guys have built so many of these 75 to 80,000 barrel a day fractionators that they’re able to come in and bring them in on our under budget, and really the last one we brought in about five months ahead of schedule. We think probably that fractionator comes on late 2012 instead of 2013.

In total, we currently have about $4.5 billion worth of projects under construction. Not mentioned here is the proposed pipeline that we have coming out of the Marcellus, an ethane pipeline. That’d be about a 1,200 mile pipeline - 600 miles of it would be new build, 600 miles of it would be reversing an existing pipeline. We put out a press release here a few weeks ago on Chesapeake came in and took a big chunk of capacity – 75,000 barrels a day – that it would be ramping up over five years. We just completed an open season. We’re finishing the evaluations on that, and I would think we’d have an announcement on that ethane pipeline here in the next week or two.

Read the rest of this transcript for free on seekingalpha.com

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