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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=178646, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147