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Page 2 - Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

SPECTRA ENERGY PARTNERS, LP filed this Form 8-K on 11/21/2017


 

 

Item 5.03.    Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On November 20, 2017, Spectra Energy Partners (DE) GP, LP, the general partner (the “General Partner”) of Spectra Energy Partners, LP (the “Partnership”), entered into Amendment No. 2 (the “Amendment”) to the Second Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of November 1, 2013, as amended by Amendment No. 1 to the Second Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of July 2, 2015 (as amended, the “Partnership Agreement”), in response to changes to the Internal Revenue Code enacted by the Bipartisan Budget Act of 2015 (the “BBA”) relating to partnership audit and adjustment procedures. The Amendment makes certain revisions to the Partnership Agreement that facilitate the General Partner’s obligations as the “Partnership Representative” under the BBA and, if possible and practical, provide the General Partner with the option of maintaining the current economic balance by which the partners during a reviewed year bear the economic burden associated with any adjustments for such year.

 

The foregoing description of the Amendment in this Current Report does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report, and is incorporated herein by reference.

 

Item 9.01.     Financial Statements and Exhibits.

 

(d)Exhibits.

 

Exhibit Number

 

Description

     
3.1   Amendment No. 2 to the Second Amended and Restated Agreement of Limited Partnership of Spectra Energy Partners, LP