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Page 5 - Development Opportunities

SPECTRA ENERGY PARTNERS, LP filed this Form 8-K on 11/2/2017


 

 

Development Opportunities

 

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

 

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.

 

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