SOURCE: Industrial Info Resources

Industrial Info Resources

February 04, 2011 05:30 ET

Spectra Shows Steady Gains in Fourth-Quarter, Full-Year 2010 as Expansions Boost Bottom Line, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 4, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading natural gas infrastructure company Spectra Energy Corporation (NYSE:SE) (Houston, Texas) reported steady growth for fourth-quarter and full-year 2010, benefiting from a rebound in commodity prices and growth in the company's expansion projects and fee-based businesses. Net income was reported to be $320 million for the quarter, a 45.45% increase from fourth-quarter 2009.

Industrial Info is tracking 24 active Spectra projects in North America that are worth a total of more than $920 million, including the $120 million construction of an 85-mile pipeline that will run from the Marcellus Shale in Morgantown, West Virginia, to Waynesburg, Pennsylvania. For more information, visit Industrial Info's North American Transmission Project Database.

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