Magellan Midstream Partners (MMP) owns an 8,500 mile pipeline system for the transportation and storage of refined petroleum products. The company’s capital spending plan called for $250 million in new projects to expand its already formidable reach. Magellan Midstream’s pipeline system can reach 43% of all U.S. refining capacity. Capital spending is scheduled to shrink to 90 million in 2010. The yield as of October 14, 2009 was 7.3%
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