PrintNews Release
May 30, 2008
Spectra Energy Holds Open Season for Horn River Basin Raw Gas Transmission Expansion in Fort Nelson, British Columbia
CALGARY, AB – Spectra Energy (NYSE: SE) is holding an open season to solicit participation in the expansion of raw gas transmission capacity in the Fort Nelson area of northeast British Columbia to help meet the projected needs of producers.
“Given producer expectations for Horn River Basin shale gas development and production, we are holding this open season to evaluate the need for additional raw gas transmission services connected with our existing Fort Nelson processing plant,” said Duane Rae, vice president, field services, Spectra Energy Transmission West.
“We feel our existing Fort Nelson processing capacity is well positioned to assist Horn River Basin producers to maximize their gas production. We are seeking clarification of customer requirements in order to evaluate our options to expand our gathering system,” said Rae. “Ultimately, our goal is to ensure that raw gas transmission capacity will be available in a timely fashion.”
Interested parties must submit a nomination form prior to the close of the open season period on Friday, June 13, 2008, at 4:00 pm, MST. To obtain a nomination form, or for enquiries regarding the open season, customers should contact their Spectra Energy Strategic Account Manager, or Doug Deeprose at (403) 699-1735 or ddeeprose@spectraenergy.com.
Spectra Energy Corp (NYSE:SE) 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 close to a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related energy 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, one of the largest natural gas gatherers and processors in the United States. Visit www.spectraenergy.com for more information.
Forward-Looking Statements:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events. Such statements are subject to risks, uncertainties and other factors, many of which are outside our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. Factors that could affect our forward-looking statements are described in our Form 10-K filed with the Securities and Exchange Commission, and other filings that we make with the SEC, which are available at the SEC's website at www.sec.gov. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
(403) 699-1506
John Arensdorf
(713) 627-4600