SOURCE: Industrial Info Resources

Industrial Info Resources

May 05, 2011 06:30 ET

Spectra Continues to See Steady Growth in First-Quarter 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 5, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading natural gas infrastructure company Spectra Energy Corporation (NYSE:SE) (Houston, Texas) reported small but steady overall growth for first-quarter 2011, benefiting from a strong winter performance, favorable natural gas liquids prices, and expansion projects that began operations in the last months of 2010. Net income was reported to be $357 million for the quarter, basically flat when compared with the $358 million reported for first-quarter 2010.

Industrial Info is tracking 37 active Spectra projects in North America that are worth a total of more than $1.6 billion, including the $39.26 million re-laying of the company's $135 million Northeastern Tennessee Natural Gas Pipeline. The line will transport natural gas from the Appalachian supply basin to the Tennessee Valley Authority's (NYSE:TVE) (Knoxville, Tennessee) John Sevier Plant. For more information, visit Industrial Info's North American Oil and Gas Transmission Project Database.

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