September 17, 2008
HOUSTON – Spectra Energy (NYSE: SE) today announced it has found no significant damage or effects to its facilities or operations to-date, as a result of Hurricanes Gustav or Ike.
The company reports onshore inspections are close to full completion and facilities are operational. Offshore inspections are underway now that access restrictions have been lifted. All inspections are anticipated to be complete by week’s end. The company’s Houston headquarters sustained minimal damage and is open for normal business.
“Our response to both hurricanes has gone extremely well. First and foremost, our employees are all accounted for and safe. Additionally, our Texas Eastern onshore systems are operational and we're meeting our customers' needs,” said Fred J. Fowler, president and chief executive officer, Spectra Energy. “Our employees mounted an incredible effort to ensure our operations were safely up and running in a short period of time, and during what continues to be a very challenging time for so many.”
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America’s premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 18,000 miles of transmission pipeline, 265 billion cubic feet of storage, natural gas gathering and processing, natural gas liquids operations and local distribution assets. Spectra Energy Corp also has a 50 percent ownership in DCP Midstream, the largest natural gas gatherer and processor in the United States. Visit www.spectraenergy.com for more information.Wendy Olson