[ [http://www.marketwatch.com/news/story/sp-500-adding-spectra-energy/story.aspx?guid=%7B7606FFA6-0B5A-48C4-8492-5915370C243E%7D S&P changes makeup of indexes, Spectra set to become index component] , By Ana Campoy, MarketWatch, Dec 20, 2006] Spectra began trading on the New York Stock Exchange under the ticker symbol SE.]On January 3, 2007, Duke Energy completed the spin-off of its natural gas business, including Westcoast Energy and Union Gas, to form Spectra Energy. Duke Energy shareholders received 1 share of Spectra Energy for every 2 shares of Duke Energy.
Spectra Energy, through its subsidiaries and equity affiliates, owns and operates a large and diversified portfolio of complementary natural gas-related assets and is one of North America's leading natural gas infrastructure companies. Based in Houston, Texas, Spectra Energy provides transportation and storage of natural gas to customers in various regions of the Eastern and Southeastern United states, the Maritime Provinces in Canada and the Pacific Northwest in the United States and Canada, and in the province of Ontario in Canada. It also provides natural gas sales and distribution service to retail customers in Ontario, and natural gas gathering and processing services to customers in Western Canada. Spectra Energy also has a 50% ownersrhip in DCP Midstream, LLC, on of the largest natural gas gatherers and processors in the United States.
Environmental Record
Spectra Energy may be considered the single largest private-sector source of greenhouse gases in British Columbia. [cite web |url=http://www.theglobeandmail.com/servlet/story/RTGAM.20070329.wbcgreenindustry29/BNStory/ClimateChange/home |title=From carbon steam to cash flow |publisher=Globe and Mail |date=2007-03-29 |accessdate=2008-05-18] Since it co-owned DCP Midstream Partner with ConocoPhillips, Spectra Energy was reported in 2005 to emit 19,746 tons of nitrogen oxides and 9,286 tons of volatile organic compounds per year. [cite web |url=http://newsok.com/cleanair/industry |title=Industry and Clean Air |publisher=The Oklahoman |accessdate=2008-05-18]
Effective September 22, 2008, Spectra Energy Corp was named to the Dow Jones Sustainability Index for North America (DJSI NA), which lists North America’s leading, sustainability-driven companies based on a measurement of overall financial, environmental and social performance . Launched in 1999, the Dow Jones Sustainability Indices are the first to track financial performance of sustainability-driven companies on a worldwide basis. Corporate sustainability, as defined by the DJSI, is a business approach that seeks to create long-term shareholder value by embracing opportunities and managing risks derived from economic, environmental and social developments. In selecting the top performers in each business sector, DJSI reviews companies on both broad and industry-specific sustainability criteria, assessing performance in areas such as corporate governance, environmental standards, climate change policy, risk management, supply chain standards, labor practices and employee development. The index is reviewed annually by Dow Jones and the Zurich-based Sustainable Asset Management (SAM) Group.
The Carbon Disclosure Project (CDP) has named Spectra Energy to its US S&P500 Carbon Disclosure Leadership Index (CDLI) for carbon-intensive industries. Companies selected for the CDLI have demonstrated superior transparency and accountability by publicly disclosing detailed climate change strategies.
References
External links
* [http://www.spectraenergy.com/ Spectra Energy]
