Page 4 - EXPANSION PROJECT UPDATES
SPECTRA ENERGY PARTNERS, LP filed this Form 8-K on 2/15/2018
EXPANSION PROJECT UPDATES
Spectra Energy Partners’ 2017
growth program concluded with six projects placed into service, representing more than $2.0 billion of capital expansion, including:
Bridge – Phase 1
Additionally, the Bayway Lateral
was placed into service in late December, on budget and ahead of schedule.
Commercially Secured Projects
Approximately $2 billion of commercially
secured projects are on target to be placed into service in 2018. Most notably, the $1.3 billion NEXUS project is under
construction and remains on target to achieve in-service in third quarter 2018.
Progress continues on SEP’s
other projects in execution with PennEast receiving its FERC certificate in mid-January. We filed our FERC application
in December for Lambertville East adding 60,000 Dth/d of capacity on Texas Eastern for utility customers in late 2019.
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.
pipeline capacity scarcity and system reliability remains a primary issue for New England and one that must be resolved for the
region to meet its energy supply needs. We remain committed to bringing much needed affordable energy to New England consumers
as we continue to explore energy solutions for the region. The dramatic wholesale electricity price spikes in late December and
early January that resulted from the lack of gas pipeline capacity underscored the need for such a solution.
Additional information about fourth
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 February 16, 2018 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 4939158#.
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.