Spectra Energy | GRI Index

GRI Index

Economic Indicators

Management Approach: Our purpose is to create superior, long-term value for our investors, customers, employees and communities by providing natural gas infrastructure and services. In fulfilling our purpose, we build lasting relationships with our key stakeholders as we generate value for our shareholders, provide secure jobs for our employees, deliver clean-burning natural gas to meet our customers' energy needs and contribute to the economic and social development of communities. See Deliver Superior Economic Results and Support and Engage Our Communities for more information on our management approach, our Scorecard for goals and performance, and Stakeholder Engagement for additional context.

Indicator	Description	2010 Spectra Energy Response
Economic Performance
EC1	Financial performance	See the 2009 annual publications, Financial Performance and Deliver Superior Economic Results.
EC2	Financial implications of climate change	See pages 63-64 of the Spectra Energy Corp., Form 10-K, filed February 25, 2010; Our Perspective on Climate Change and our response to the Carbon Disclosure Project.
EC3	Defined benefit plan obligations	See pages 113-123 of the Spectra Energy Corp., Form 10-K, filed February 25, 2010.
EC4	Financial assistance from government	We do not track the tax credits, subsidies and other incentives from our government entities.
Market Presence
EC5	Entry level wages	Our lowest entry level wage in 2009 is $8.25 per hour for U.S. employees. Federal minimum wage is $7.25 per hour as of July 24, 2009.
EC6	Policies, practices and proportion of spending on locally-based suppliers	See Local Economic Development and Community Stewardship in Support and Engage Our Communities.
EC7	Procedures for local hiring and percent of local senior management	We recruit, select, train and compensate based on merit, experience and other work-related criteria. See Equal Employment Opportunity on page 24 of our Code of Business Ethics.
Indirect Economic Impacts
EC8	Investments for local benefit - infrastructure investments and services	In 2009 we gave back more than $7.5 million to our communities through our philanthropic giving, matching gift programs and employee and retiree volunteerism. See Support and Engage Our Communities, Community Relations and Charitable Giving.
EC9	Indirect economic impacts	Spectra Energy's indirect economic impacts are discussed in Deliver Superior Economic Results and Support and Engage Our Communities. Spectra Energy's charitable giving contributions also provide indirect economic impacts. In addition, Union Gas's Demand-Side Management program creates benefits for the government and citizens of Ontario through the recovery of all the energy savings (electric, water and gas) as well as the costs of providing the program. This value is called Total Resource Cost (TRC). Since 1997, Union Gas has helped customers save an estimated $1.4 biillion through energy saving initiatives. In 2009 alone, Union Gas' TRC benefits to Ontario were $345 million. See Championing Energy Efficiency, Local Economic Development and Low Income Customer Relief.