Spectra Prepares for Enbridge Merger, Continues Growth Projects

SUGAR LAND--November 3, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Spectra Energy Corporation (NYSE:SE) (Houston, Texas) reported net income of $195 million for third-quarter 2016, compared to $174 million in third-quarter 2015. In a conference call regarding the earnings, executives discussed the company's pending merger with Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta), as well as its continued growth projects to expand its footprint in North America. Industrial Info is tracking $14.2 billion of active Spectra Energy projects in North America.