Spectra Energy News

DCP Midstream, Phillips 66 and Spectra Energy Announce Major NGL Pipelines in Service

2013-06-17T00:00:00

DENVER, June 17, 2013 – DCP Midstream, Phillips 66 and Spectra Energy today announced that the Sand Hills and Southern Hills natural gas liquids pipelines are in service. DCP Midstream, Phillips 66 and Spectra Energy each own a one-third interest in the pipeline entities.

Spectra Energy Corp to Drop Down All U.S. Transmission and Storage Assets to Spectra Energy Partners

2013-06-11T00:00:00

Spectra Energy Corp today announced its intention to drop down all of its remaining U.S. Transmission and Storage assets to Spectra Energy Partners by the end of the year, subject to market conditions.

Spectra Energy Announces Open Season for Express Crude Oil Pipeline

2013-06-05T00:00:00

HOUSTON – Spectra Energy Corp today announced an open season for crude oil shipments on the Express pipeline from Hardisty, Alberta, Canada to all points along its system, including a new proposed interconnection to a rail terminal under development in Casper, Wyoming. The open season begins today and will run until August 9, 2013, with service beginning as early as October 1, 2013.

Spectra Energy Selects 2013 Scholarship Recipients

2013-05-14T00:00:00

Spectra Energy Corp today announced that ten children of company employees have been selected to receive up to $5,000 per year in scholarship funds toward undergraduate study at an accredited college or university in the United States or Canada.

Westcoast Energy and Union Gas Declare Dividends

2013-05-09T00:00:00

VANCOUVER, British Columbia – On May 9, 2013, Westcoast Energy Inc. declared the following quarterly dividends.

Spectra Energy CFO Pat Reddy to Speak at American Gas Association's 2013 Financial Forum

2013-05-03T06:00:00

Spectra Energy Corp Chief Financial Officer, Pat Reddy, will speak at the American Gas Association’s 2013 Financial Forum on Monday, May 6, 2013, in Naples, Fla.

Spectra Energy Reports First Quarter 2013 Results

2013-05-03T00:00:00

Spectra Energy Corp reported 2013 first quarter net income from controlling interests of $340 million, or $0.51 diluted EPS, compared with $333 million, or $0.51 diluted EPS, in the prior year quarter.

Spectra Energy Corp to Drop Down 50 Percent of the Express-Platte Pipeline System to Spectra Energy Partners

2013-05-02T00:00:00

HOUSTON -- Spectra Energy Corp today announced an agreement to drop down 50 percent of the Express-Platte Pipeline System to Spectra Energy Partners for approximately $555 million in cash, approximately $139 million in newly issued partnership units, and approximately $129 million of acquired Express-Platte System debt.

Spectra Energy Announces Quarterly Dividend of $0.305 per Share

2013-04-30T00:00:00

HOUSTON – Spectra Energy Corp has declared a quarterly cash dividend on its common stock of $0.305 per share. The dividend is payable on June 10, 2013, to shareholders of record at the close of business on May 10, 2013.

Spectra Energy Corp Deploys Mobile App for Investors

2013-04-25T00:00:00

Spectra Energy Corp today announced the release of “Invest SE,” a new app to provide investors with corporate information packaged specifically for their mobile devices.

Spectra Energy Corp Named to Corporate Responsibility Magazine's Best Corporate Citizens List for Third Consecutive Year

2013-04-15T00:00:00

HOUSTON – Spectra Energy Corp has been named to Corporate Responsibility Magazine's prestigious "100 Best Corporate Citizens List" for 2013, ranking 13th overall and highest among energy companies included on the list.

Spectra Energy Schedules Webcast and Conference Call for First Quarter 2013 Earnings Announcement

2013-04-11T00:00:00

Spectra Energy Corp will announce its first quarter 2013 earnings results before the market opens on Friday, May 3, 2013, and will hold an analyst conference call at 8:00 a.m. CT that same day.

Spectra Energy Acquires Express-Platte Pipeline System

2013-03-14T00:00:00

Spectra Energy Corp today announced it has closed its previously announced acquisition of the Express-Platte Pipeline System, purchasing 100 percent interest in the 1,717-mile, crude oil system for $1.49 billion.

Spectra Energy Named to 2013 World's Most Ethical Companies List

2013-03-06T00:00:00

HOUSTON – Spectra Energy Corp has been named to the Ethisphere Institute’s World’s Most Ethical Companies list for a second consecutive year. The institute named 138 organizations to this year’s list, selecting from thousands of worldwide applicants. The World’s Most Ethical Companies list recognizes those organizations that truly embrace ethical business practices and demonstrate industry leadership.

Spectra Energy Reports Fourth Quarter and Year-End 2012 Results

2013-02-05T00:00:00

Spectra Energy Corp today reported 2012 net income from controlling interests of $940 million, or $1.43 diluted EPS, compared with $1.18 billion, or $1.81 diluted EPS in 2011. Ongoing 2012 net income was $938 million, or $1.43 diluted EPS, compared with $1.16 billion, or $1.77 diluted EPS, in the prior year.

Spectra Energy Corp President & CEO Greg Ebel to Speak at Credit Suisse 2013 Energy Summit

2013-02-04T00:00:00

Spectra Energy Corp President and Chief Executive Officer, Greg Ebel, will speak at the Credit Suisse 2013 Energy Summit on Wednesday, February 6, 2013 in Vail, Colo.

Spectra Energy Schedules Webcast and Conference Call for Fourth Quarter and Year-End 2012 Earnings Announcement

2013-01-17T00:00:00

Spectra Energy Corp will announce its fourth quarter and year-end 2012 earnings results before the market opens on Tuesday, February 5, 2013, and will hold an analyst conference call at 8 a.m. CT that same day.

Spectra Energy Corp Announces 2013 Financial Plan

2013-01-16T00:00:00

Spectra Energy Corp today announced its financial plan for 2013, which includes the following: Ongoing 2013 diluted earnings per share (EPS) target of $1.50; Annual dividend of $1.22, consistent with previously announced 10-cent increase; Investment of approximately $1.4 billion in expansion capital in 2013, consistent with Spectra Energy’s long-term growth plan of $1.5 billion average annual growth capital expenditures (CapEx).

Spectra Energy Corp and Spectra Energy Partners Announce Agreements with Eastman Chemical Company for Continued, Long-Term Gas Transportation Service

2013-01-14T00:00:00

Spectra Energy Corp and Spectra Energy Partners, LP announced today that their East Tennessee Natural Gas pipeline has executed agreements with Eastman Chemical Company to provide an additional 86 million cubic feet per day of firm transportation capacity for 25 years to Eastman’s Kingsport, Tennessee, facility.

Spectra Energy Corp to Review 2013 Financial Plan with Analysts/Investors on January 16 in New York

2013-01-10T00:00:00

Spectra Energy Corp will review its 2013 financial plan during an analyst/investor breakfast meeting at the St. Regis Hotel in New York City on Wednesday, January 16, 2013.