Enhanced performance by Spectra's midstream operations help hoist second-quarter earnings

摘要

Higher commodity prices and improved performance in Spectra Energy's transmission and midstream segments boosted second-quarter earnings by 51% to $295 million, the company said last week.rn"We are extremely pleased with this quarter's results, which again reflect improved earnings for the fourth consecutive quarter," said Fred Fowler, president and CEO.rnSpectra's transmission segment reported earnings of $244 million, up 9% from a year earlier, largely due to a $31 million special item from a customer bankruptcy settlement. Excluding that item, ongoing earnings were $213 million, down 4%. Throughput fell 5% to 476 trillion Btu.