Spectra Energy Partners Company Description
When you take one company's energy holdings and splinter them, you get Spectra Energy Partners. Formed by Spectra Energy out of the former natural gas holdings of Duke Energy, the company is a natural gas pipeline and storage facility operator. Its assets include a liquefied natural gas storage location in Tennessee, 50% of two natural gas storage facilities in Texas and Louisiana, and 25% of Gulfstream Natural Gas System. All told, Spectra Energy Partners has 3,100 miles of natural gas transmission and gathering pipelines capable of moved about 3.3 billion cu. ft. per day. It also has 42.5 billion cu. ft. of gas storage capacity.
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The Company Description provides a historical perspective of Spectra Energy Partners's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Spectra Energy Partners's evolution in the marketplace.
