Spectra Energy Corp. and Spectra Energy Partners will acquire, through their affiliate Spectra Energy Transmission II LLC, 100% of the equity interests in Brazoria Interconnector Gas Pipeline LLC (BIG). BIG owns the 42-inch BIG natural gas pipeline in Brazoria County, Texas. The pipeline has a capacity of about 1.8 billion cubic feet per day and extends 30.5 miles from Stratton Ridge at its southern end to a location near Iowa Colony in northern Brazoria County.
The BIG Pipeline will be a component of Spectra’s Stratton Ridge project, which is an expansion of the Texas Eastern Transmission pipeline system to deliver up to 400,000 dekatherms of natural gas per day to Stratton Ridge, Texas. The project, including the BIG Pipeline acquisition, has an expected capital expenditure of about $200 million. The acquisition is expected to close in second-quarter 2016, subject to certain conditions, and the project is scheduled to enter service in first-quarter 2019.
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