Last $42.75 USD
Change Today -0.25 / -0.58%
Volume 1.7M
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As of 4:15 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

spectra energy corp (SE) Snapshot

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07/23/14 - $43.09
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09/5/13 - $32.57
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spectra energy corp (SE) Details

Spectra Energy Corp., through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment is engaged in the transmission, storage, and gathering of natural gas, as well as transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada. Its natural gas pipeline systems consist of approximately 21,000 miles of transmission pipelines; and storage capacity comprises 305 billion cubic feet (Bcf). Its Distribution segment offers natural gas storage, transmission, and distribution services for residential, commercial, and industrial customers in Canada. This segment has approximately 39,000 miles of main and service pipelines; storage capacity of approximately 160 Bcf; and transmission system of approximately 3,000 miles of high-pressure pipeline and mainline compressor stations. The company’s Western Canada Transmission & Processing segment provides natural gas transmission, and gas gathering and processing services; and services to natural gas producers to remove impurities from the raw gas stream, including water, carbon dioxide, hydrogen sulfide, and other substances. It also extracts, fractionates, transports, stores, and markets NGLs for western Canadian producers and NGL customers. This segment serves local distribution companies, end-use industrial and commercial customers, marketers, and exploration and production companies. Its Field Services segment gathers, compresses, treats, processes, transports, stores, and sells natural gas; produces, fractionates, transports, stores, sells, markets, and trades in NGLs; and recovers and sells condensate. This segment owns or operates approximately 67,000 miles of gathering and transmission pipelines. The company is headquartered in Houston, Texas.

5,800 Employees
Last Reported Date: 02/28/14

spectra energy corp (SE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer
Total Annual Compensation: $588.8K
Chief Administrative Officer
Total Annual Compensation: $448.2K
Chief Ethics & Compliance Officer and General...
Total Annual Compensation: $535.4K
Compensation as of Fiscal Year 2013.

spectra energy corp (SE) Key Developments

Spectra Energy Corp. Declares Quarterly Cash Dividend, Payable on September 9, 2014

Spectra Energy Corp. has declared a quarterly cash dividend on its common stock of $0.335 per share, or $1.34 per share on an annualized basis. The dividend is payable on September 9, 2014 to shareholders of record at the close of business on August 12, 2014.

Spectra Energy and Spectra Energy Partners Announce Plans to Further Expand New England Pipeline Systems

Spectra Energy and Spectra Energy Partners announced plans to expand natural gas pipeline capacity into the New England Market to meet critical demand for reliable electric power generation. These plans for expansion of the Algonquin and Maritimes pipeline systems are in response to the New England governors' recent initiative on new energy infrastructure and in anticipation of a Request for Proposal to be initiated by The New England States Committee on Electricity (NESCOE). The project in-service date is dependent upon the timing of NESCOE's process. Spectra Energy's expansion project will deliver gas directly to these natural gas-fired electric generators on a firm basis, providing increased electric reliability and leading to more competitive energy prices for the region. Specifically, the Spectra Energy solution for New England will: provide guaranteed supplies of natural gas on peak days for strategic power plants, using existing pipeline routes, minimizing effects on communities, landowners, and the environment. Provide new innovative services, including the ability to accommodate the projected need for more gas-fired quick-start power generation units to respond to sudden changes in output from intermittent renewable resources. Be scalable, to ramp up supplies as demand grows. Provide direct access to low-cost natural gas supplies, and cost effective solutions that limit price volatility and generate annual savings to consumers. Spectra Energy's Algonquin Incremental Market expansion project will begin to de-bottleneck the pipeline system by winter of 2016, helping to enhance reliability and soften natural gas prices in New England.

Spectra Energy And Ultra Petroleum Eyes Acquisitions

Spectra Energy Corp. (NYSE:SE) and Ultra Petroleum Corp. (NYSE:UPL) are looking for acquisition opportunities. Spectra Energy is looking for acquisitions among natural gas liquids assets (NGL) and Ultra Petroleum is planning to expand more into the west. Greg Ebel, Chief Executive Officer of Spectra Energy said that Spectra Energy is looking to pick up NGL assets more than oil and natural gas assets, where it already has a lot of organic growth opportunities. Michael Watford, Chief Executive Officer of Ultra Petroleum said that Ultra Petroleum is planning to add onto its properties in the West but isn't looking to sell its lower returning natural gas assets in the Marcellus.


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