Spectra Energy Completes Bobcat Acquisition

摘要

Spectra Energy completed its previously announced US$540 million acquisition of the Bobcat Gas Storage project and its associated assets from Haddington Energy Partners III LP and GE Energy Financial Services (see Gas Processors Report 07/20/10). “We are extremely pleased to have closed this acquisition in a timely manner,” Greg Ebel, Spectra's president and CEO, said. “Storage infrastructure such as Bobcat plays a vital role in meeting customers' needs for managing demand swings on a seasonal basis and satisfying the increasing demand for natural gas-fired power generation.”