Page 5 - Development Opportunities
SPECTRA ENERGY PARTNERS, LP filed this Form 8-K on 11/2/2017
We received interest from power generators and other end-use
markets in the Midwest, Mid-Atlantic and Northeast regions through the Texas Eastern Enhanced Electric Reliability Project
open season that concluded at the end of September. We are working with the customers who placed bids, tailoring service
offerings to meet their needs. Electric reliability is receiving significant attention lately due to the Department of Energy
recommending the reimbursement of generators for fuel security. This renewed focus may provide additional opportunities for our
pipelines to reliably deliver firm transportation of fuel to the 70 plants attached to our pipeline systems.
Additional information about third quarter 2017 earnings can
be obtained via the Spectra Energy Partners website: www.spectraenergypartners.com.
Spectra Energy Partners will host a joint webcast with
Enbridge Inc. (TSX, NYSE: ENB) on November 2, 2017 at 8 a.m. CT. The webcast will be available via the Spectra Energy
Partners Events & Presentations page, and the conference call can be accessed by dialing (877) 930-8043 in North America
or (253) 336-7522 outside North America. The participant passcode is 95724866#.
A replay of the call will be available via the Spectra
Energy Partners Events & Presentations page, or by dialing (855) 859-2056 in North America or (404) 537-3406 outside
North America and using the above passcode.
The conference call format will include prepared remarks from
the executive team followed by a question and answer session for the analyst and investor community only. Spectra Energy Partners’
media and investor relations teams will be available after the call for any additional questions.
Non-GAAP Financial Measures
We use ongoing net income from controlling interests as a measure
to evaluate operations of the partnership. This measure is a non-GAAP financial measure as it represents net income from controlling
interests, excluding special items. Special items represent certain charges and credits which we believe will not be recurring
on a regular basis. We believe that the presentation of ongoing net income from controlling interests provides useful information
to investors, as it allows investors to more accurately compare our ongoing performance across periods. The most directly comparable
GAAP measure for ongoing net income from controlling interests is net income from controlling interests.