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.
SOURCE Spectra Energy Corp