Spectra Energy Completes Acquisition Of Bobcat Gas Storage Assets

October 2010 Vol. 237 No. 10

Spectra Energy Corp. completed the $540 million acquisition of the Bobcat Gas Storage assets and development project from Haddington Energy Partners III LP and GE Energy Financial Services. The company expects to invest an additional $400-450 million to fully develop the facility by the end of 2015, bringing the facility’s total working gas storage capacity to 46 Bcf.

Strategically located on the Gulf Coast near Henry Hub, the Bobcat assets interconnect with five major interstate pipelines, including Spectra Energy’s Texas Eastern Transmission, and complement the company’s existing pipeline and storage portfolio in the region.