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Stock Market & Financial Investment News

News Breaks
April 15, 2014
09:18 EDTSESpectra Energy elects CEO Gregory Ebel as chair of the board of directors
Spectra Energy announced that the board of directors has elected Gregory L. Ebel to serve as chair of the board of directors. Ebel, who has been president and CEO since January 2009, replaces William T. Esrey who is retiring after serving as chair for the past five years. The company also announced that F. Anthony Comper has been elected as independent lead director. Comper, originally elected to the board in 2007, is the former chair and retired president and CEO of BMO Financial Group and will serve as a member of Spectra Energy's corporate governance and audit committees. Both of these appointments will be effective immediately.
News For SE From The Last 14 Days
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January 22, 2015
16:19 EDTSESpectra 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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