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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 million, respectively. 

 

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.

 

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