Spectra Energy Partners LP

Spectra Energy Partners LP

Spectra Energy Partners LP

Overview
Date Founded

2007

Headquarters

5400 Westheimer Court, Houston, TX, 77056, USA

Type of Company

Public

Employees (Worldwide)

2,100

Industries

Oil & Gas

Company Description

Spectra Energy Partners -- One of North America's Premier Natural Gas Infrastructure Master Limited Partnerships Spectra Energy Partners, LP is a Delaware master limited partnership (MLP) formed by Spectra Energy Corp, headquartered in Houston, Texas, to own and operate natural gas transportation and storage assets. Providing a strategically positioned portfolio along with a strong and flexible financial position, Spectra Energy Partners makes for a credible investment opportunity. Spectra Energy Corp, which is comprised of the former natural gas businesses of Duke Energy Corporation, became a stand-alone publicly traded company in January 2007. Spectra Energy is one of the largest operators of natural gas pipelines and storage facilities in North America. Spectra Energy Partners’ assets include: The East Tennessee Natural Gas system, a 1.7 Bcf/day, 1,517-mile natural gas transportation pipeline located in the southeastern United States. The Ozark Gas Transmission system (OGT), a 0.5 Bcf/day, 565-mile natural gas pipeline that extends from southeast Oklahoma through Arkansas into southeastern Missouri; feeding into OGT is our 365-mile, fee-based Ozark Gas Gathering system. The Big Sandy Pipeline, a 0.2 Bcf/day, 68-mile natural gas pipeline system in eastern Kentucky. The Saltville Gas Storage, a more than 5 Bcf working capacity natural gas storage facility located adjacent to the East Tennessee Natural Gas system in Virginia. A 49 percent interest in Gulfstream Natural Gas System, which owns a 1.3 Bcf/day, 745-mile natural gas pipeline that connects Mobile Bay to the central Florida peninsula through the Gulf of Mexico. A 38.76 percent interest in Maritimes & Northeast Pipeline, LLC (M&N US), which owns a 0.8 Bcf/day, 338-mile mainline natural gas transportation system in the U.S. that extends from the border of Canada near Baileyville, Maine, to northeastern Massachusetts. A 50 percent interest in Market Hub Partners, which owns high-deliverability salt cavern storage assets capable of storing about 51 Bcf of natural gas

Executives & Employees

President & Chief Executive Officer

President & Chairman of the Board

Controller

Treasurer

Vice President, Law

Vice President, Sponsored Vehicles

Vice President, Finance

President of US Operations

Director, Investor & Public Relations

Secretary

Board of Directors

President & Director at Algonquin Gas Transmission LLC

Senior Vice President, Projects, Safety & Reliability & ERP at Enbridge, Inc.

Managing Member at OGP Trinity LLC

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Recent Transactions
Details Hidden

Enbridge, Inc. purchases Spectra Energy Partners LP

Details Hidden

Spectra Energy Partners LP purchases PSEG Power LLC /Penneast Project from Public Service Enterprise Group, Inc.

Details Hidden

Spectra Energy Corp., Spectra Energy Transmission LLC purchase Brazoria Interconnector Gas Pipeline LLC from ConocoPhillips

Transaction Advisors
Accountant

Advised onSpectra Energy Partners LP purchases Gulfstream Natural Gas System LLC from Spectra Energy Corp.

Underwriter

Advised onSpectra Energy Partners LP issued Common Units

Underwriter

Advised onSpectra Energy Partners LP issued Common Units

Director

Advised onSpectra Energy Partners LP issued Common Units

Underwriter

Advised onSpectra Energy Partners LP issued Common Units

Legal Advisor

Advised onSpectra Energy Corp. purchases DCP Sand Hills Pipeline LLC from Spectra Energy Partners LP

Advisors & Consultants
Legal Advisor

Partner at Vinson & Elkins LLP

Legal Advisor

Partner at Hunton Andrews Kurth LLP

Legal Advisor

Partner at Akin Gump Strauss Hauer & Feld LLP

Clients

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.

Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. It additionally provides investors access to directly originated fixed and floating rate credit assets and the ability to capitalize on illiquidity premiums across the credit spectrum. The Private Equity Group segment manages shared control investments in corporate private equity funds. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. The company was by founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal on November 15, 2013 and is headquartered in Los Angeles, CA.

Over the past 60 years, Enbridge has become a leader in the safe and reliable delivery of energy in North America and is proud to be recognized as one of the Global 100 Most Sustainable Corporations in the World. We transport energy, operating the world's longest, most sophisticated crude oil and liquids transportation system. We have a significant and growing presence in the natural gas transmission and midstream businesses, and an increasing involvement in power transmission. We generate energy, expanding our interests in renewable and green energy technologies including wind and solar energy, geothermal and hybrid fuel cells. We distribute energy, owning and operating Canada's largest natural gas distribution company, and provide distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge manages and has a 72.3 per cent overall interest in Enbridge Income Fund and a 25.5 per cent overall ownership in Enbridge Energy Partners, L.P. Enbridge’s corporate headquarters are in Calgary, Alberta and we employ about 6,900 people in Canada and the United States and are ranked as one of the Top 100 Employers to Work for in Canada, and one of Canada’s Greenest Employers. Enbridge Inc. common shares trade on the Toronto and New York stock exchanges under the symbol ENB.

Key Stats and Financials As of 2017
Market Capitalization
$17.6B
Total Enterprise Value
Earnings Per Share
Revenue
$2.81B
EBITDA
$1.77B
Suppliers
Energy Transfer LP Oil & Gas | Dallas, TX

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

ETP Legacy LP Oil & Gas | Dallas, TX

ETP Legacy LP produces and sells propane and natural gas. The company owns and operates a diversified portfolio of energy assets. It operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and storage, Midstream, Liquids Transportation and Services, Investment in Sunoco Logistics Segment, Retail Marketing Segment and All Other Segment. The Intrastate Transportation and Storage segment owns and operates natural gas transportation pipelines and three natural gas storage facilities located in the state of Texas. The Interstate Transportation segment owns and operates natural gas pipeline and its pipelines are Transwestern pipeline, Tiger pipeline, Fayetteville Express pipeline and Midcontinent Express pipeline. The Midstream segment focuses on the gathering, compression, treating, blending, processing and marketing of natural gas. The Liquids Transportation and services segment provides pipelines transport mixed NGLs and other hydrocarbons from natural gas processing facilities to fractionation plants and storage facilities. The Sunoco Logistics Segment owns and operates a logistics business, consisting of a geographically diverse portfolio of complementary pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined petroleum products. The Retail Propane segment owns one of the three largest retail propane marketers in the U.S. based on gallons sold. The company was founded by Kelcy Warren in 1995 and is headquartered in Dallas, TX.

Union Gas Limited Power & Utilities | Chatham, ON

Union Gas Ltd. engages in the storage, transmission, and distribution of natural gas. It provides natural energy gas delivery and related services to residential, commercial, and industrial customers. The company was founded by Denis A. Coste and Eugene M. Coste on December 19, 1911 and is headquartered in Chatham, Canada.

Competitors
Kinder Morgan, Inc. Oil & Gas - HOUSTON, TX

Kinder Morgan, Inc. is an energy infrastructure company. It engages in the operation of pipelines and terminals that transport natural gas; gasoline; crude oil; carbon dioxide (CO2) and other products and stores petroleum products chemicals; and handles bulk materials like ethanol, coal, petroleum coke and steel. The firm operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline & storage systems, and natural gas & crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment engages in the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, ethanol & bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel & jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada for marketing terminals and refineries in British Columbia, Canada and the state of Washington. The company was founded by Richard D. Kinder and William V. Morgan in February 1997 and is headquartered in Houston, TX.

Energy Transfer Operating LP Oil & Gas - Newtown Square, PA

Sunoco Logistics Partners L.P. is a publicly traded master limited partnership formed in 2002 to acquire, own and operate a diverse mix of crude oil and refined products pipelines and terminalling and storage facilities, as well as crude oil acquisition and marketing assets. Our goal is to generate growing cash flows, increase distributions and provide attractive returns to investors. Strategies for growth include increasing pipeline and terminal throughput, utilizing our crude oil distribution and marketing expertise to address regional crude oil supply and demand imbalances, and pursuing organic growth opportunities as well as strategic acquisitions that are synergistic with existing assets. Strong cash flows have allowed us to consistently increase our distributions

Dominion Energy, Inc. Power & Utilities - Richmond, Virginia

Dominion Energy, Inc. engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Power Delivery, Power Generation, and Gas Infrastructure. The Power Delivery segment regulates electric distribution and transmission. The Power Generation segment includes regulated electric fleet and merchant electric fleet. The Gas Infrastructure segment comprises gas transmission and storage, gas distribution and storage, liquefied natural gas import, and storage. The company was founded by William W. Berry in 1983 and is headquartered in Richmond, VA.

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