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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:33 EDTSEPSpectra Energy Partners increases quarterly distribution to 49.5c from 49c
The cash distribution is payable on February 14 to unitholders of record at the close of business on February 7.
News For SEP From The Last 14 Days
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January 22, 2015
16:19 EDTSEPSpectra 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.

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