Page 4 - EXPANSION PROJECT UPDATES
SPECTRA ENERGY PARTNERS, LP filed this Form 8-K on 11/2/2017
EXPANSION PROJECT UPDATES
Commercially Secured Projects
Following Sabal Trail’s on-time placement into
service in early July, commercial operations in October increased to 700,000 dekatherms per day (Dth/d) from the initial
levels of 400,000 Dth/d. The 515-mile pipeline will have the capacity to deliver approximately 1.1 billion cubic feet of
natural gas per day to the Southeast U.S. markets once approved future expansions are completed.
Commercial service has been initiated on Access South
and Adair Southwest. These projects, along with the Lebanon Extension and the Gulf Markets Expansion that
were placed into service ahead of schedule in early August, complete the multi-year transformation of a significant portion of
Texas Eastern into a bi-directional system. This expanded capability, along with Texas Eastern’s M3 market access, provides
up to 8 Bcf/d of deliverability out of the Marcellus and Utica basins.
The Connecticut facilities of Atlantic Bridge have been
placed into service delivering revenues and incremental volumes on Algonquin to serve a New England LDC. Full in-service of all
project facilities is expected in the second half of 2018.
Progress also continues on the Bayway Lateral and it
remains on target to achieve in-service at the beginning of 2018.
The NEXUS and TEAL projects received
their FERC certificates in August and NEXUS received its notice to proceed from FERC in early October. Construction is now
underway on NEXUS and full in-service is targeted for third quarter 2018. In light of the prolonged lack of quorum at FERC
and associated cost pressures, our portion of the estimated capex for NEXUS and TEAL has been revised to $1.3 billion and $200
Progress continues on SEP’s other projects in execution
with Stratton Ridge receiving its Environmental Assessment in early October. We filed our FERC application for the Texas
and Louisiana Markets Projects adding 157,500 Dth/d of demand-pull volume to our suite of southern area projects that are in
execution. SEP’s other projects in execution continue to advance through various stages of the regulatory approval process
and remain on track for their respective targeted in-service dates.