HOUSTON, Aug. 4, 2016 /CNW/ -- Spectra Energy Corp (NYSE:
SE) today announced that its indirect subsidiary, Westcoast
Energy Inc., has completed the previously announced sale of its
ownership interests in Spectra Energy's Canadian natural gas
liquids (NGL) business to Plains Midstream Canada ULC, for a cash
purchase price of approximately C$267 million (USD
$204 million), including
approximately C$67 million (USD
$51 million) for inventory and
working capital.
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of
North America's leading pipeline
and midstream companies. Based in Houston, Texas, the company's operations in
the United States and Canada include approximately 21,000 miles of
natural gas and crude oil pipelines; approximately 300 billion
cubic feet of natural gas storage; 4.8 million barrels of crude oil
storage; as well as natural gas gathering, processing, and local
distribution operations. Spectra Energy is the general partner of
Spectra Energy Partners (NYSE: SEP), one of the largest pipeline
master limited partnerships in the United
States and owner of the natural gas and crude oil assets in
Spectra Energy's U.S. portfolio. Spectra Energy also has a 50
percent ownership in DCP Midstream, the largest producer of natural
gas liquids and the largest natural gas processor in the United States. Spectra Energy has served
North American customers and communities for more than a century.
For more information, visit www.spectraenergy.com.
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SOURCE Spectra Energy Corp