Page 11 - Spectra Energy
SPECTRA ENERGY PARTNERS, LP filed this Form SC 13D/A on 11/2/2017
This Amendment No. 1 to Schedule 13D updates the information relating
to the current beneficial owners and amends Item 4 of the Schedule 13D filed by filed by Spectra Energy Corp (“Spectra
Energy”), Spectra Energy Capital, LLC (“SE Capital”), Spectra Energy Transmission, LLC (“SE
Transmission”), Spectra Energy Southeast Supply Header, LLC (“SESSH”), Spectra Energy Partners GP,
LLC (“SEP GP LLC”), Spectra Energy Partners (DE) GP, LP (“SEP GP”), Enbridge (U.S.) Inc.
(“EUSI”), Enbridge US Holdings Inc. (“EUSHI”) and Enbridge Inc. (“Enbridge”
and, together with Spectra Energy, SE Capital, SE Transmission, SESSH, SEP GP LLC, SEP GP, EUSI, and EUSHI, the “Reporting
Persons”) with the Securities and Exchange Commission on March 9, 2017.
Item 4. Purpose of Transaction
The information previously provided in response to this Item 4 is
hereby amended by replacing the text thereof in its entirety with the following:
The Reporting Persons hold Common Units, as reported herein, for
the purpose of investment. The Reporting Persons intend to review their investment in the Issuer on a continuing basis.
The Reporting Persons may, either directly or through one or more
affiliates, from time to time or at any time and subject to price, market and general economic and fiscal conditions and other
factors, acquire or seek to acquire additional Common Units in the open market, in privately negotiated transactions or otherwise,
or dispose of or seek to dispose of all or a portion of such Common Units now owned or hereafter acquired. In addition, the Reporting
Persons may, either directly or through one or more affiliates, from time to time or at any time and subject to price, market and
general economic and fiscal conditions and other factors, consolidate or seek to consolidate assets held by the Reporting Persons
and their affiliates, including acquiring assets owned by or selling assets to the Issuer, or make changes or seek to make changes
to the capital structure of the Issuer, including to its incentive distribution rights. The Reporting Persons reserve the right
to change their intention with respect to any or all of the matters required to be disclosed in this Item 4.
As part of the Reporting Persons’ ongoing evaluation of their
investment in the Issuer and alternatives to such investment, including a potential consolidation, acquisition or sale of assets
or Common Units or changes to the Issuer’s capital structure, the Reporting Persons may, from time to time, formulate plans
or proposals with respect to such matters and hold discussions with or make formal proposals to the board of directors of the general
partner of the Issuer, other holders of Common Units or other third parties regarding such matters.