Question-and-Answer Session
Operator
(Operator instructions). The first question is from Michael Blum from Wachovia.
Michael Blum – Wachovia
Hi, good morning, guys.
John Gibson
Good morning, Michael.
Michael Blum – Wachovia
Couple of questions. One, can you just discuss – you made statements in the past that ONEOK, Inc. has an appetite to potentially purchase units from MLP. Is that still on the table as a potential option?
John Gibson
Yes.
Michael Blum – Wachovia
Okay. Second of all, again, in the past, you've talked about sort of the longer term view that you thought you could deploy $300 million to $500 million a year in organic projects. I guess, has that changed, obviously recognizing that access to capital could be a limiting factor but just in terms of the opportunity set you see over the next few years, has that changed at all? Your thinking changed at all there?
John Gibson
It's changed only to the extent that we see those opportunities being pushed out further in time, which makes that $300 million to $500 million range come more in line with, let's say, $250 million to $300 million of what we'll call growth capital. That answer your question?
Michael Blum – Wachovia
Yes. Last question, in your guidance, can you provide what you are assuming for the price differential between Conway and Mont Bellevue for ethane?
John Gibson
Jim?
Jim Kneale
Michael, $0.07.
Michael Blum – Wachovia
Okay. Thank you.
Operator
Next question is from Kent Green from Boston American Asset Management.
Kent Green – Boston American Asset Management
Hi, yes, my question pertains to your cost to capital and looking at your projects, obviously cost to capital has caught up for everybody. So I assume that if you're trying to pass that, whatever possible higher capital costs, borrowing costs as well as cost of equity on to some of the producers in the form, whatever you can. Could you update us on that?
John Gibson
Jim?
Jim Kneale
I think it's a combination of factors, a lot of this capital we've spent we pre-funded last year, so, we fortunately were in the markets and we're able to do that. On some of the projects, we do have the ability to increase these as we go forward, so it's really a combination of things, and as we look at new projects, we are also using this higher cost of capital that we're seeing today recognizing that as we continue to grow that we will be at some point accessing the capital markets.
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