DOCSLIB.ORG

SEP Marketing Presentation.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
SEP Marketing Presentation.Pdf Spectra Energy Partners Roni Cappadonna General Manager, Investor Relations 713.627.4778 | [email protected] Legal Statements SAFE HARBOR STATEMENT / FORWARD-LOOKING INFORMATION Some of what we’ll discuss today concerning future company performance will be forward-looking information within the meanings of the securities laws. Actual results may materially differ from those discussed in these forward-looking statements, and you should refer to the additional information contained in Spectra Energy Partners’ Form 10-K and other filings made with the SEC concerning factors that could cause those results to differ from those contemplated in today’s discussion. The terms “we,” “our,” and “us” refer to Spectra Energy Partners. Also, this communication includes certain forward looking statements and information (“FLI”) to provide shareholders and potential investors with information about us and our subsidiaries and affiliates, including management’s assessment of us and our 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. 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: 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; 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; availability and price of labor and construction materials; operational performance and reliability; customer, shareholder, 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 U.S. securities regulators. 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 presentation is expressly qualified in its entirety by these cautionary statements. REG G DISCLOSURE In addition, today’s discussion includes certain non-GAAP financial measures as defined under SEC Regulation G. A reconciliation of those measures to the most directly comparable GAAP measures is available on our website. 2 Investor Value Proposition Stable. Disciplined. Reliable. We go “where the lights are” – connecting diverse supply basins with regional demand markets – “last mile” competitive advantage Attractive Stable Outstanding Prudent financial distribution business model asset footprint management growth • Primarily natural gas • Well-positioned platform • Commitment to investment • 41st consecutive quarterly pipeline focused for further demand-pull grade balance sheet distribution increase expansion • Fee-based revenues with • Ample liquidity • Sustainable growth with no direct commodity • Track record of successful strong coverage exposure and minimal project execution • Successful IDR elimination volume risk • Strong investment-grade customers 3 Premier Asset Footprint Critical gas & liquids infrastructure Maritimes & Express Pipeline Northeast, US • Unparalleled asset footprint Algonquin • Safe, reliable operations Platte Pipe Line • Connecting diverse supply basins with Texas growing demand markets Eastern Big Sandy • Stable and predictable cash flow Ozark East Gas Tennessee US Transmission• No direct commodity exposure $2,020 MM Sabal • Minimal volume exposure SESH Trail • Strong investment-grade customers • Track record of successful project execution Gulfstream 4 Strategic Focus Maintain Rock solid base; fully subscribed reservation-based contracts with no direct commodity exposure and minimal volume risk Execute ~$2.5B of growth projects in execution Grow Infrastructure footprint with connections to major demand-pull markets offers strong advantage Sabal Trail – restored ROW 5 Business Entity Overview 2018e EBITDA U.S. Transmission Assets • Algonquin Gas Transmission Liquids • Big Sandy Pipeline Assets ~$2.3B • Bobcat Gas Storage • East Tennessee Natural Gas • Express Pipeline • Platte Pipe Line • Market Hub Partners • Ozark Gas Transmission • Saltville Gas Storage • Texas Eastern Transmission • Maritimes & Northeast, US (78%) • Sabal Trail Transmission (50%) • Gulfstream Natural Gas (50%) • Southeast Supply Header (50%) • Steckman Ridge (50%) 6 U.S. Transmission U.S. Transmission Revenue stability in base business U.S. Transmission Reservation Revenue (Based on transmission revenues for 12 months ended 12/31/17) 2017 Usage & 99% 100% Other Revenue 95% 98% 98% 98% 97% 96% 2017 Reservation Revenue Achieved Peak Delivery Days in 2017 Average Remaining 9 12 8 8 5 15 25 9 Contract Life years years years years years years years years Texas Eastern Gulfstream Algonquin East Southeast Maritimes & Sabal Trail UST TOTAL(1) Tennessee Supply Header Northeast US (1) Includes all UST assets as presented on slide 6 of this presentation (1) Includes Stable Texas Eastern, core Gulfstream, business Algonquin, East Tennessee,highlights Southeast Supplyvaluable Header, Ozark footprint Gas Transmission, and Big Sandy provides and Maritimes &platform Northeast US for growth 8 U.S. Transmission Contract Portfolio 2017 TETLP & AGT 2017 US Transmission Firm Demand Revenues Firm Demand Revenues by Customer Type: by Customer Type: Marketers 21% Marketers LDCs 26% 51% LDCs Producers 41% 21% Producers 14% Power Gen Other 2% Power Gen 4% Other < 5% 12% Pipelines 3% 2017 Texas Eastern & Algonquin contract renewal rate = 98% 9 U.S. Transmission U.S. Transmission: Secured projects Greenfield pipeline Atlantic Bridge Capital Project Expected ISD ($MM) PennEast Bayway Lateral 30 NEXUS 4Q17 NEXUS1 3Q18 1,300 TEAL TEAL 3Q18 200 2018 Atlantic Bridge2 4Q18 500 STEP 4Q18 130 Stratton Ridge 1H19 200 PennEast1 2019 260 Lambertville East 2H19 45 Stratton Ridge 2019+ Texas-Louisiana Markets 2H19 20 STEP 1) Represents SEP’s portion 2) Partial in-service Nov 2017 with remaining in 4Q18 10 Sabal Trail Transmission New interstate pipeline into Florida increases diversity of supply Project Scope: 1+ Bcf/d of capacity connecting Transco Station 85 supply to Florida power generation market CapEx: $3.2B1 Customers: Florida Power & Light; Duke Energy Facilities: 495 miles of 36” greenfield pipeline; and 21 miles of 24” greenfield pipeline 5 new compressor stations totaling up to 210,000 Commercial horsepower; to be phased-in 2017 – 2021 Timing Volumes New metering and regulating stations; creates new Central Through 1H20 70% capacity Florida Hub with interconnects with Gulfstream, FGT and 1H20-1H21 90% capacity Florida Southeast Connection Post 1H21 100% capacity Volume ramp-up 1) CapEx shown at 100% 11 NEXUS Delivering Prolific Supply to Premium Markets Enbridge Gas Distribution & Interconnects: • 255 miles of greenfield pipe, moving Union Gas LDC Power / Industrial 1.5 Bcf/d of Marcellus gas to markets in Storage Pipeline Ohio, Michigan and Ontario Route: Dawn NEXUS Hub DTE Gas • Provides a diverse, competitive supply Vector of natural gas to markets along the route Vector Texas Eastern 12 U.S. Transmission Development opportunities Existing, attached gas-fired plant Planned gas-fired plant • Our infrastructure footprint with connections to major markets offers strong advantages for our customers • Northeast and New England demand continues to increase Market Region Expansions • Significant opportunities to serve growing natural gas-fired power market in U.S. and Mexico, LNG exports, and U.S. industrial market Power Generation Exports to LNG & Industrial Mexico 13 Northeast & New England Development opportunities in next 5 years Northeast / New England • Demand continues to increase • Solution needed to bring affordable gas to the region New England BOSTON Opportunities Philadelphia Market Dawn Hub • Market opportunities for industrial and exports DETROIT NYC NEXUS PHILADELPHIA $1-3B Philly Market Expansions in opportunities DC Natural gas fired generation replaces other retiring generation sources 14 Southeast Markets Development opportunities
Load more

Recommended publications
  • Martin Marietta Materials, Inc. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8‑K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 5, 2018 Martin Marietta Materials, Inc. (Exact Name of Registrant as Specified in Its Charter) North Carolina 1-12744 56-1848578 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 2710 Wycliff Road, Raleigh, North Carolina 27607 (Address of Principal Executive Offices) Zip Code) (919) 781-4550 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 5, 2018, the board of directors (the “Board”) of Martin Marietta Materials, Inc. (the “Company”) increased the size of the Board from 9 directors to 10 directors and elected Dorothy M. Ables to fill the newly-created directorship.
    [Show full text]
  • Executive Profile
    Executive Profile C. Gregory Harper President & CEO Spectra Energy Partners, LP Greg Harper is president and chief executive officer of Spectra Energy Partners, LP, the $1.6 billion master limited partnership formed by Spectra Energy. Harper also serves on the Board of the Partnership. Harper previously served as group vice president of Spectra Energy Transmission, responsible for the analysis and preparation required to establish and support Spectra Energy as a publicly traded midstream natural gas business. Prior to his return to Spectra Energy Transmission, Harper served as group vice president of energy marketing and management for Duke Energy Americas. He managed the commercial activities for Duke Energy’s North American wholesale energy business. Harper joined the company in May 1987 as an engineer for Texas Eastern Transmission Corp. After a series of promotions, he was named division engineer for Panhandle Eastern Corp. and manager of business development for Texas Eastern marketing. Harper was promoted to director of LDC markets and producer services in 1997, and general manager of Texas Eastern and Algonquin Gas Transmission in 1999. He became vice president of East Tennessee Natural Gas (ETNG) in 2000, and served as vice president of business development and ETNG for Duke Energy Gas Transmission. He was named senior vice president of energy marketing for Duke Energy North America in January 2003, and group vice president of energy marketing and management in January 2004. He was named to his current position in May 2007. The Owensboro, Ky., native received a bachelor of science degree in mechanical engineering in 1987 from the University of Kentucky in Lexington.
    [Show full text]
  • Pipeline and Processing Fac... - Pipeline Projects with Length Greater Than 20 Miles
    12/29/2015 Pipeline and Processing Fac... - Pipeline projects with Length Greater than 20 Miles Pipeline projects with DEC-29-2015 Pipeline and Processing Facilities : SAVED REPORTS Length Greater than 1:37 PM 20 Miles Pipeline projects with Length Greater than 20 Miles Holding Company or Parent Operating Company: Project Status Project Project Name: Length Organization: Type: (New Miles) AK (6 Pipeline projects) Energia Cura Fairbanks Pipeline Doubtful New Arctic Fox (Fairbanks Pipeline) 443 Company Linc Energy Linc Energy On New Umiat Oil Field Pipeline 80 Hold/Postponed Alaska Housing Finance Alaska Gasline On New Alaska Stand Alone Pipeline (ASAP) 737 Corporation Development Hold/Postponed Corporation BP BP Under New Point Thomson Gas Field 22 Construction NovaGold Resources Inc. Donlin Gold, LLC Advanced New Donlin Gold 312 Development Alaska LNG Early New Alaska LNG (AKLNG) 800 Development TOT 2,394 AL (6 Pipeline projects) Southern Company Alabama Power Under New Gaston Natural Gas Pipeline 30 Construction Spectra Energy Spectra Energy Advanced New Sabal Trail 515 Development Williams Company Transcontinental Gas Early New Hillabee Expansion Project Phase 1 20 Pipeline Company LLC Development Miller Energy Resources Early New Trans - Foreland Pipeline (TFPL) system 23 Development Laclede Gas Alagasco On-going Replacement Alagasco Pipeline replacement program 850 PRP Williams Company Transcontinental Gas Early New Hillabee Expansion Project Phase 2 and 3 24 Pipeline Company LLC Development TOT 1,462 Alberta (43 Pipeline projects) TransCanada Imperial Oil Early New Mackenzie Gas Project 758 Development Enbridge Inc. Enbridge Income Fund Advanced New Northern Gateway Pipeline (westward 731 Development crude for export) TransCanada TransCanada Advanced New Keystone XL 1,661 Development Enhance Energy Inc.
    [Show full text]
  • DTE Energy, Enbridge and Spectra Energy to Develop New Major Pipeline to Connect
    DTE Energy, Enbridge and Spectra Energy to Develop New Major Pipeline to Connect Growing Utica Shale Gas Supplies to Premium Markets in the U.S. Midwest and Ontario Sep 4, 2012 HOUSTON – DTE Energy (NYSE: DTE), Enbridge Inc. (NYSE: ENB) and Spectra Energy Corp (NYSE: SE) (the “Partners”) today announced the execution of a Memorandum of Understanding (MOU) to jointly develop the NEXUS Gas Transmission (NGT) system, a project that will move growing supplies of Ohio Utica shale gas to markets in the U.S. Midwest, including Ohio and Michigan, and Ontario, Canada. The proposed NGT project will originate in northeastern Ohio, include approximately 250 miles of large diameter pipe, and be capable of transporting one billion cubic feet per day of natural gas. The line will follow existing utility corridors to an interconnect in Michigan and utilize the existing Vector Pipeline system to reach the Ontario market. Upon completion of the project, Spectra Energy will become a 20-percent owner in Vector Pipeline, a joint venture between DTE Energy and Enbridge. The new pipeline will serve local distribution companies, power generators and industrial users in the Ohio, Michigan and Ontario markets. It will include interconnects with Michigan Consolidated Gas Company, Consumers Energy and, through the Vector Pipeline, the Enbridge Tecumseh Gas Storage facility and Union Gas’ Dawn Hub, both in Ontario. The Partners have received expressions of interest for a significant level of firm capacity to anchor the project. An open season for the project is planned for fourth quarter 2012, with a targeted in-service as early as November 2015, depending on final market demand and commitments.
    [Show full text]
  • Spectra Energy Partners to Purchase PSEG Equity Position in Penneast Pipeline Project
    Published on PSEG Investor Relations (https://investor.pseg.com) on 3/13/17 Spectra Energy Partners to Purchase PSEG Equity Position in PennEast Pipeline Project Release Date: Monday, March 13, 2017 3:31 pm EDT Terms: Other IR News Releases [1] Dateline City: WYOMISSING, Pa. Contacts: PennEast Contact: Patricia Kornick Mobile: (412) 780-4696 [email protected] PSEG Contact Michael Jennings Mobile: (973) 508-6386 [email protected] Spectra Energy Partners Contact Arthur Diestel Mobile: (713) 516-4183 [email protected] PSEG Remains Committed to PennEast as a Customer PennEast Pipeline Company LLC today announced that Spectra Energy Partners, LP (NYSE: SEP), an Enbridge company, has entered into a purchase and sale agreement to acquire from PSEG Power LLC, a subsidiary of Public Service Enterprise Group Inc. (NYSE: PEG), its 10 percent minority equity position in the PennEast interstate natural gas pipeline project (PennEast). PSEG Power remains committed to its 125,000 Dth/day contracted capacity on PennEast (the Project’s second largest customer). This acquisition could close in the second quarter of 2017, subject to certain conditions precedent being met including approval by the PennEast Board. Upon the closing of this acquisition, Spectra Energy Partners will increase its equity investment in PennEast from 10 percent to 20 percent. “We’re pleased with PennEast’s progress and are excited to have Spectra Energy Partners, with its extensive experience in the region, become an equal equity partner,” said Dat Tran, chairman of the board of managers for PennEast. “With respect to PSEG, we look forward to continue working with them as a PennEast customer.
    [Show full text]
  • Enbridge's Energy Infrastructure Assets
    Enbridge’s Energy Infrastructure Assets Last Updated: Aug. 4, 2021 Energy Infrastructure Assets Table of Contents Crude Oil and Liquids Pipelines .................................................................................................... 3 Natural Gas Transmission Pipelines ........................................................................................... 64 Natural Gas Gathering Pipelines ................................................................................................ 86 Gas Processing Plants ................................................................................................................ 91 Natural Gas Distribution .............................................................................................................. 93 Crude Oil Tank Terminals ........................................................................................................... 96 Natural Gas Liquids Pipelines ................................................................................................... 110 NGL Fractionation ..................................................................................................................... 111 Natural Gas Storage ................................................................................................................. 112 NGL Storage ............................................................................................................................. 119 LNG Storage ............................................................................................................................
    [Show full text]
  • Southeast Supply Header Adds Significant Market Commitments
    Southeast Supply Header Adds Significant Market Commitments Proposed Pipeline Near Total Capacity HOUSTON - Southeast Supply Header, LLC (SESH) has signed three additional shippers to long-term contracts, bringing total commitments to nearly 1 billion cubic feet per day (Bcf/d), the initial proposed capacity on the new natural gas pipeline system that is anticipated to be in service by summer 2008. Southern Company, Tampa Electric Company and EOG Resources, Inc., have committed to a total of 245 million cubic feet per day (MMcf/d) of capacity on the pipeline that will bring natural gas from east Texas and north Louisiana to U.S. markets needing additional natural gas supply. With previously announced commitments from Florida Power & Light Company and Progress Energy Florida, SESH's total subscribed capacity is now 945 MMcf/d. SESH will continue to solicit shipper interest in the remaining capacity and the market need for a future expansion. SESH filed an application with the Federal Energy Regulatory Commission (FERC) on Dec. 18, 2006, seeking approval to construct, own and operate the pipeline. The Southeast Supply Header is a joint venture between subsidiaries of CenterPoint Energy, Inc. and Spectra Energy. The 270-mile, 36-inch and 42-inch diameter pipeline will extend from the Perryville Hub in northeast Louisiana to the Gulfstream Natural Gas System, which is 50 percent owned by an affiliate of Spectra Energy. Along the route, SESH will access several major pipelines serving the eastern United States and have access to several storage facilities. About the Companies CenterPoint Energy, Inc. (NYSE: CNP), headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, and pipeline and field services operations.
    [Show full text]
  • Commonwealth of Massachusetts Executive Office of Energy and Environmental Affairs Massachusetts Department of Environmental Protection
    COMMONWEALTH OF MASSACHUSETTS EXECUTIVE OFFICE OF ENERGY AND ENVIRONMENTAL AFFAIRS MASSACHUSETTS DEPARTMENT OF ENVIRONMENTAL PROTECTION ) In the Matter of ) OADR Docket Nos. 2019-008 - 2019-013 ) DEP File No.: Air Quality Application ) No. SE-15-027 Algonquin Gas Transmission, LLC ) Weymouth, MA ) SUPPLEMENTAL PRE-FILED DIRECT TESTIMONY OF L. BARRY GOODRICH _________________________ I, L. Barry Goodrich, hereby state as follows: 1. I am a Senior Engineer in the Air Permitting group at Enbridge, Inc. (“Enbridge”). My business address is 5400 Westheimer Court, Houston, TX 77056. 2. I am providing this supplemental testimony on behalf of the Applicant, Algonquin Gas Transmission, LLC (“Algonquin”), to support the Massachusetts Department of Environmental Protection (“MassDEP”) South Eastern Regional Office’s (“SERO”) administrative and technical review of Algonquin’s Addendum to its Non-major Comprehensive Plan Application.1/ 3. Attached hereto as Exhibit 1 is a copy of Algonquin’s August 3, 2020 response (the “August 3 Response”) to SERO’s July 29, 2020 information request. I participated in or directed the development of the response in consultation with other Enbridge employees and/or consultants and determined that the substance of the responses is accurate and appropriate for this purpose. 4. Exhibit 1 includes an updated BWP AQ BACT Form, Table 1. I reviewed the 1/ Algonquin is a subsidiary of Enbridge. updated BWP AQ BACT Form, Table 1 and determined that its substance was accurate and appropriate for this purpose. 5. Attached hereto as Exhibit 2 is Algonquin’s August 5, 2020 response (the “August 5 Response”) to SERO’s August 3, 2020 information request, as resubmitted on August 7, 2020, with corrected table references.
    [Show full text]
  • Bricker & Eckler LLP Energy Exchange
    NEXUS Gas Transmission Bricker & Eckler LLP Energy Exchange Adam Parker Stakeholder Engagement Supervisor, Enbridge May 10, 2018 The Natural Gas Industry Today • Contributes ~$70 million a day to the federal government in revenue from taxes, rents and royalties • Serves 66.7 million homes and 5.4 million businesses • Supplies one quarter of the nation’s energy needs • Poised to create 3.5 million jobs by 2035, with 1.9 million jobs created in 2015 alone • 192,000 U.S. factories use natural gas • Success of shale gas development has sharply reduced electricity and natural gas costs for communities across the country while lowering carbon emissions Source: American Gas Association / Interstate Natural Gas Association of America 2 Natural Gas is Growing 140 Natural Gas Demand Growth by Region NA Natural Gas Demand (Bcf/d increases by 2035) by Sector (Bcf/d) 120 100 W. Canada Other +3.5 E. Canada +0.6 80 Power Gen W. North Central Northeast Pacific +2.1 60 Mountain E. North Central +3.5 +1.6 +1.8 +2.1 Industrial 40 South Atlantic West East +6.1 20 S. Central S. Central Residential Mexico Exports +8.9 +4.7 +3.2 LNG Exports 0 +10.6 2017 2020 2025 2030 2035 Source: Wood Mac, PIRA Source: Wood Mac, PIRA 3 Natural Gas Supports Environmental Goals 4 Significant coal-fired generation capacity will be retired over time and will be replaced by new gas-fired generation Over 20,000 MW of new gas-fired generation will be added from 2017-21 with a potential gas load of ~2.7 Bcf/d “Ontario is expected to add ~1,300 MW of new natural gas power generation
    [Show full text]
  • Resolution No. ___A Resolution to Grant Texas Eastern Transmission, Lp an Easement to Relocate a Pipe Line Within Certain P
    1 RESOLUTION NO. _______ 2 3 A RESOLUTION TO GRANT TEXAS EASTERN TRANSMISSION, LP AN 4 EASEMENT TO RELOCATE A PIPE LINE WITHIN CERTAIN PARK 5 LAND WITHIN THE CITY OF LITTLE ROCK, ARKANSAS, AS 6 REQUIRED; TO RATIFY THE GRANT OF AN EASEMENT BY THE 7 LITTLE ROCK AIRPORT COMMISSION TO TEXAS EASTERN 8 TRANMISSION, LP; AND FOR OTHER PURPOSES. 9 10 WHEREAS, Texas Eastern Transmission, LP (“Texas Eastern”), has had easements with the City 11 originally sponsored by the Federal Government to permit the transmission of natural gas outside the City 12 of Little Rock, Arkansas (“City”), and there is no commercial activity within the City that would provide 13 the necessary nexus to assess a franchise or any other levy; and, 14 WHEREAS, has determined that it is necessary to change the location where this pipeline crosses the 15 Arkansas River and is required to do so; 16 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 17 OF LITTLE ROCK, ARKANSAS: 18 Section 1. The Mayor, City Manager, City Clerk, and any other necessary City Officials are hereby 19 authorized to execute an Easement Agreement in substantially the format as Exhibit A to this resolution, 20 and to agree to have such an easement filed of record, or any other appropriate documents filed of record. 21 Section 2. The City and Texas Eastern agree that this is easement shall be subject to the utility 22 relocation policy of the City of Little Rock, Arkansas. 23 Section 3. The Mayor, City Manager, City Clerk, and any other necessary City Officials are hereby 24 authorized to execute an Easement Agreement in substantially the format as Exhibit B to this resolution, 25 and to agree to have such easement filed of record, or another other appropriate documents filed of record, 26 to complete the approval of the Little Rock Airport Commission on May 16, 2017, in Item No.
    [Show full text]
  • Spectra Energy Corp
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-3010 March 2, 2009 Philip T. Wanan Associate General Counsel Spectra Energy Corp . P.O. Box 1642 Houston, TX 77251-1642 Re: Spectra Energy Corp Dear Mr. Wanan: This is in regard to your letter dated Februar 27,2009 concernng the shareholder proposal submitted by the California State Teachers' Retirement System for inclusion in Spectra Energy's proxy materials for its upcoming anual meeting of securty holders. Your letter indicates that the proponent has withdrawn the proposal, and that Spectra Energy therefore withdraws its December 24, 2008 request for a no-action letter from the Division. Because the matter is now moot, we will have no fuer comment. Sincerely, Gregory S. Bellston Special Counsel cc: Ane Sheehan Director, Corporate Governance Californa State Teachers' Retirement System 7667 Folsom Blvd., Ste. 250 Sacramento, CA 95826 Spectra Energy Corp Mailing Address: 5400 Westheimer Court P.O. Box 1642 Spect~ Houston, TX 77056-5310 Houston, TX 77251-1642 713.627.5400 main EnergYM February 27, 2009 u.s. Securties and Exchange Commission Division of Corporation Finance Offce of Chief Counsel 100 F Street, N.E. Washington, D.C. 20549 Re: Withdrawal of Spectra Energy Corp No Action Letter Ladies and Gentlemen: We hereby withdraw the no-action letter, dated December 24,2008, submitted by Spectra Energy Corp. The withdrawal of our no-action request is due to the Proponent's withdrawal of its stockholder proposal, a copy of which is attached hereto. Thank you for your attention in this matter. Sincerely, /s/ Philip T.
    [Show full text]
  • New York Linear Construction Project Report Spectra Energy NJ-NY Expansion Project
    Results you can rely on New York Linear Construction Project Report Spectra Energy NJ-NY Expansion Project Prepared for: 890 Winter Street Suite 300 Waltham, MA 02451 Prepared by: TRC Environmental Corporation 57 East Willow Street Millburn, New Jersey 07041 February 2014 TABLE OF CONTENTS Section Page 1.0 INTRODUCTION ............................................................................................................................. 4 1.1 PROJECT DESCRIPTION AND BACKGROUND .................................................................................................. 4 1.2 ENVIRONMENTAL IMPACTS AND MITIGATION .............................................................................................. 5 2.0 PRE-CONSTRUCTION DUE DILIGENCE .................................................................................. 7 2.1 PROJECT AREA DESCRIPTION .................................................................................................................... 7 2.1.1 Topography ......................................................................................................................... 7 2.1.2 Surface Water ..................................................................................................................... 7 2.1.3 Regional Geology ................................................................................................................ 8 2.1.4 Project Geology ................................................................................................................... 8 2.1.5
    [Show full text]