Spectra Energy is No More – $28B Merger with Enbridge Complete
Last September MDN reported on a midstream deal with major implications for the Marcellus/Utica: Canadian pipeline operator Enbridge Inc. announced an all-stock deal to buy out pipeline operator Spectra Energy, based in Houston, for $28 billion (see Canadian Enbridge Buying US Spectra Energy for $28B). Spectra has a number of critical pipeline infrastructure projects under way or planned in the Marcellus/Utica region, including the planned Access Northeast pipeline to New England, the mighty NEXUS pipeline planned to span Ohio, the currently under construction Algonquin Incremental Marketing (AIM) pipeline project, and three projects (Access South, Adair Southwest and Lebanon Express) under way to expand one of the largest natural gas pipelines in the U.S. (and in the northeast)–the Texas Eastern Transmission (Tetco) pipeline. The update is that as of yesterday, Spectra Energy is no more. The merger is complete, and Spectra’s stock has stopped trading, and the name on the door has changed. Yes, this is a big, hairy deal for our region…
Read More “Spectra Energy is No More – $28B Merger with Enbridge Complete”


In September 2012, three companies–DTE Energy, Spectra Energy and Enbridge–formed a joint venture to build a new Utica Shale pipeline from Ohio through Michigan and eventually into Canada, delivering Utica Shale gas to Midwestern markets (see
Fracking Derangement Syndrome (FDS) is a dangerous disease. Most often it attacks those who grew up watching Captain Planet on Saturday mornings (one of the risk factors). FDS creates all sorts of weird behaviors in its victims. The disease recently struck again–this time infecting a 36 year-old Michigan man. The disease manifested by causing the man (the Green candidate for the U.S. Senate in Michigan) to crawl inside of a pipeline under construction by Enbridge and stay there for 10 hours, creating a danger to himself and those around him…