Spectra Energy Corp SE is pleased to
announce that the company is progressing on its 2009-2013 $1.5 billion
expansion program in British Columbia (B.C.). The company is also poised to
invest an additional $4-6 billion in B.C. beyond 2015, thereby extending its
commitment to job growth and economic development activity, among other
benefits, for communities across the province.
The company's $1.5 billion expansion program was designed to safely,
reliably and responsibly develop the necessary natural gas infrastructure to
meet B.C.'s domestic natural gas needs, as well as those of other energy
markets in North America. The recent expansion includes construction of two
new natural gas processing facilities in northeast B.C., including
associated natural gas gathering pipelines, and further expansion of the
company's natural gas transmission system in B.C. These projects create more
than 1,350 construction jobs and result in $120 million in contracts with
northeast B.C. First Nations and local contractors in the province. In
addition, as a result of Spectra Energy's extensive infrastructure and
ongoing investments in B.C., the company's annual property taxes now total
$64 million, supporting much needed services within the province. That makes
Spectra Energy the single largest contributor to property taxes in the
province.
"I'm pleased that we're aligned with the Province of B.C.'s natural gas and
LNG strategies and am confident that our shared interests in job growth and
economic development activity will continue for many years," said Doug
Bloom, president, Spectra Energy's Western Canadian Operations. "We've been
investing in communities across B.C. since 1957 and believe we are an
integral part of the province's energy sector. With over 850 employees
living and working in the province and a natural gas system that delivers
benefits for all B.C. residents, we remain committed to ongoing, responsible
growth of B.C.'s natural gas sector."
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