HOUSTON, Dec. 18, 2015
/PRNewswire/ -- Spectra Energy Corp (NYSE: SE) today announced
that the Ontario Energy Board has approved applications from Union
Gas Limited and Enbridge Gas Distribution Inc. for 15-year
contracts to move natural gas from the Appalachian Basin into the
Union Gas Dawn Hub on the proposed NEXUS Gas Transmission system
beginning in November 2017.
"The NEXUS project represents a tremendous opportunity for
customers to access natural gas from both the Utica and Marcellus shale plays and move it
through markets in Ohio and
Michigan to the Dawn Hub, the
second largest physically traded gas hub in North America," said Bill Yardley, president of U.S. Transmission and
Storage for Spectra Energy. "These approvals confirm strong,
long-term market support for our route and the project from
demand-pull markets represented by these local distribution
companies in Ontario."
Establishing a direct transportation link between Ontario and the Appalachian Basin is an
important opportunity that will provide low cost supplies to
Ontario's growing market. In
addition, NEXUS will provide increased natural gas supply
diversity, security and reliability to other customers in
Ohio, Michigan and
Chicago.
Importantly, a number of industrial facilities and power
generators in these areas have also recently signed interconnect
agreements with the project. By expanding access to natural gas in
these markets, NEXUS will provide consumers across the region with
affordable, clean-burning and abundant natural gas to help meet the
growing demand for cleaner power generation, industrial and
commercial use, and home heating.
NEXUS is a joint venture between Spectra Energy and DTE Energy.
Union Gas is a subsidiary of Spectra Energy.
About NEXUS Gas Transmission
The
proposed NEXUS project is a joint venture between DTE Energy and
Spectra Energy. NEXUS proposes to construct an approximately
255-mile interstate natural gas transmission pipeline to deliver
1.5 billion cubic feet per day (Bcf/d) of clean-burning natural gas
from receipt points in eastern Ohio to existing pipeline system interconnects
in southeastern Michigan. For more
information, visit www.nexusgastransmission.com.
About Spectra Energy
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 more than
21,000 miles of natural gas, natural gas liquids, and crude oil
pipelines; approximately 300 billion cubic feet (Bcf) 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 and
www.spectraenergypartners.com.
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SOURCE Spectra Energy Corp