HOUSTON, Jan. 6, 2017 /PRNewswire/ -- Spectra Energy
Corp (NYSE: SE) and Spectra Energy Partners (NYSE: SEP) will issue
their fourth quarter 2016 earnings results before the market opens
on Friday, February 17, 2017, in
order to coincide with their planned 10-K filings.
Given the proximity of the earnings releases with the
anticipated first quarter closing of the merger with Enbridge Inc.,
Spectra Energy and Spectra Energy Partners will not host a
quarterly conference call, but will provide financial results and
project updates in their news releases consistent with previous
practices, and will be available for individual analyst and
investor calls as requested.
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, LLC, which is the general
partner of DCP Midstream Partners, LP (NYSE: DPM), the largest
natural gas liquids producer and the largest natural gas processor
in the United States, and the
largest gathering and processing master limited partnership 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.
FORWARD-LOOKING STATEMENTS
This communication includes certain forward looking statements
and information ("FLI") to provide Enbridge and Spectra
Energy's shareholders and potential investors with information
about Enbridge, Spectra Energy and their respective
subsidiaries and affiliates, including each company's management's
respective assessment of Enbridge, Spectra Energy and their
respective subsidiaries' future plans and operations, which FLI may
not be appropriate for other purposes. FLI is typically identified
by words such as "anticipate", "expect", "project", "estimate",
"forecast", "plan", "intend", "target", "believe", "likely" and
similar words suggesting future outcomes or statements regarding an
outlook. All statements other than statements of historical fact
may be FLI. In particular, this document contains FLI pertaining
to, but not limited to, information with respect to the proposed
transaction jointly announced by Enbridge and Spectra
Energy on September 6, 2016.
Although we believe that the FLI is reasonable based on the
information available today and processes used to prepare it, such
statements are not guarantees of future performance and you are
cautioned against placing undue reliance on FLI. By its nature, FLI
involves a variety of assumptions, which are based upon factors
that may be difficult to predict and that may involve known and
unknown risks and uncertainties and other factors which may cause
actual results, levels of activity and achievements to differ
materially from those expressed or implied by these FLI, including,
but not limited to, the following: the timing and completion of the
transaction, including receipt of regulatory approvals and the
satisfaction of other conditions precedent; interloper risk; the
realization of anticipated benefits and synergies of the
transaction and the timing thereof; the success of integration
plans; the focus of management time and attention on the
transaction and other disruptions arising from the transaction;
estimated future dividends; financial strength and flexibility;
debt and equity market conditions, including the ability to access
capital markets on favorable terms or at all; cost of debt and
equity capital; potential changes in the Enbridge share
price which may negatively impact the value of consideration
offered to Spectra Energy shareholders; expected supply and demand
for crude oil, natural gas, natural gas liquids and renewable
energy; prices of crude oil, natural gas, natural gas liquids and
renewable energy; economic and competitive conditions; expected
exchange rates; inflation; interest rates; tax rates and changes;
completion of growth projects; anticipated in-service dates;
capital project funding; success of hedging activities; the ability
of management of Enbridge, its subsidiaries and affiliates to
execute key priorities, including those in connection with the
transaction; availability and price of labor and construction
materials; operational performance and reliability; customer,
regulatory and other stakeholder approvals and support; regulatory
and legislative decisions and actions; public opinion; and weather.
We caution that the foregoing list of factors is not exhaustive.
Additional information about these and other assumptions, risks and
uncertainties can be found in applicable filings with Canadian and
U.S. securities regulators, including any proxy statement,
prospectus or registration statement filed in connection with the
transaction. Due to the interdependencies and correlation of these
factors, as well as other factors, the impact of any one
assumption, risk or uncertainty on FLI cannot be determined with
certainty.
Except to the extent required by law, we assume no obligation to
publicly update or revise any FLI, whether as a result of new
information, future events or otherwise. All FLI in this document
is expressly qualified in its entirety by these cautionary
statements.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/spectra-energy-and-spectra-energy-partners-schedule-fourth-quarter-2016-earnings-releases-300386932.html
SOURCE Spectra Energy Corp