Spectra Energy (SE) agrees to acquire a one-third interest in the Sand Hills and Southern Hills...

|About: Spectra Energy Corp (SE)|By:, SA News Editor

Spectra Energy (SE) agrees to acquire a one-third interest in the Sand Hills and Southern Hills pipelines now under construction by DCP Midstream (DCM). SE, Phillips 66 (PSX) and DCM each would own a one-third interest in the pipelines and will equally fund the remaining capital expenditures through completion. SE's total investment in the two projects is expected at $700M-$800M.