Spectra Energy (SE)

Spectra Energy Partners, LP (NYSE: SEP) today announced it has signed a precedent agreement with the Tennessee Valley Authority (TVA) for an expansion of its East Tennessee Natural Gas (ETNG) pipeline system to provide firm transportation services of up to 150 million cubic feet per day (Mmcf/d) to TVA's proposed 880-megawatt combined cycle, natural gas-fired power plant in northeast Tennessee. The scope of the Northeast Tennessee (NET) Project, which has an estimated capital cost of $135 million, includes expanding or modifying existing facilities on the ETNG system and building a new, 8.5-mile mainline extension that would generally follow TVA's existing transmission line corridor. The use of existing utility corridors and pipeline rights-of-way, where possible, will minimize the effects on landowners and the environment.
The new pipelines would increase natural gas transmission capacities. Project is subject to approval by the company board of directors, and by regulators.

Mar 9 · 12:20:00 PM · Source: Company Press Release
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by Jeffrey Epstein