Spectra Energy Corp became an independent company in 2007 and will end its run not far into 2017 when it becomes part of Enbridge Inc. At the close of that period, just a little more than the time given to a two-term president, Spectra Energy has made an extensive case that companies leave legacies.
In the decade of operations since Spectra Energy spun off from Duke Energy Corp., the company has put in place about $19 billion in infrastructure, including major interstate pipeline and storage facilities that move natural gas, natural gas liquids and oil for customers in North America.
The new infrastructure added to a core of assets strung between and through some of the best production zones and market centers in the country: the U.S. Northeast, the Marcellus Shale before it was the Marcellus Shale, Texas, eastern Canada and western Canada…
Partnerships have allowed Spectra Energy to bring projects together without straying far from deadlines set at the start of development. "That's quite a difference from what you see across the rest of the industry in the last 10 years," Ebel said.
Rick Smead, managing director for advisory services at RBN Energy LLC, backed up the idea that "excellence of project development" set Spectra Energy aside from other pipeline companies.
"It's been one of the most aggressive and successful growth pipelines in the country," Smead said.
