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Stock Market & Financial Investment News

News Breaks
January 14, 2013
08:09 EDTSE, SEPSpectra Energy, Spectra Energy Partners announce agreement with Eastern Chemical
Spectra Energy (SE) and Spectra Energy Partners (SEP) announced 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. The projects have a combined capital cost of approximately $120M and include modifying existing ETNG facilities and building a new 6.4-mile pipeline extension. Coupled with Eastman's current contracts, ETNG will provide 121 Mmcf/d of firm capacity to the Kingsport facility when the projects are completed.
News For SE;SEP From The Last 14 Days
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January 22, 2015
16:19 EDTSEP, SESpectra Energy to acquire Brazoria Interconnector gas pipeline
Spectra Energy (SE) and Spectra Energy Partners (SEP) announced that, through their affiliate, Spectra Energy Transmission II, have entered into a purchase and sale agreement to acquire from ConocoPhillips Company (COP) 100% of the equity interests in Brazoria Interconnector Gas Pipeline, which owns the BIG Pipeline. The newly acquired BIG Pipeline will be a component of the Stratton Ridge Project, an expansion project of the Texas Eastern Transmission pipeline system to deliver up to 400,000 dekatherms per day of natural gas to Stratton Ridge, Texas. The Stratton Ridge Project, including the BIG Pipeline acquisition, has an expected capital expenditure of approximately $200M and is anticipated to be in service Q1 FY19. The acquisition is expected to close in Q2 FY16, subject to certain conditions precedent being met.
January 16, 2015
12:24 EDTSEPSpectra Energy Partners files to sell $500M of common units
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