Spectra Energy Partners Increases Quarterly Cash Distribution
21st Consecutive Quarterly Cash Distribution Increase
HOUSTON, Jan. 28, 2013
HOUSTON, Jan. 28, 2013 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP)
announced that the board of directors of its general partner declared a
quarterly cash distribution to unitholders of $0.495 per unit, an increase of
one-half cent over the previous level of $0.49 per unit. This is the 21^st
consecutive quarter that Spectra Energy Partners has increased its quarterly
cash distribution. The cash distribution is payable on February 14, 2013, to
unitholders of record at the close of business on February 7, 2013. This
quarterly cash distribution equates to $1.98 per unit on an annual basis.
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This release is intended to be a qualified notice to nominees and brokers as
provided for under Treasury Regulation Section 1.1446-4(b). Please note that
100 percent of Spectra Energy Partners' distributions to foreign investors are
attributable to income that is effectively connected with a U.S. trade or
business. Accordingly, Spectra Energy Partners' distributions to foreign
investors are subject to federal income tax withholding at the highest
effective tax rate.
Spectra Energy Partners, LP (NYSE: SEP) is a Houston-based master limited
partnership, formed by Spectra Energy Corp (NYSE: SE), that owns interests in
natural gas transportation and storage assets in the United States, including
more than 3,500 miles of transmission and gathering pipelines and
approximately 57 billion cubic feet (Bcf) of natural gas storage. These assets
are capable of transporting 4.5 Bcf of natural gas per day from growing supply
areas to high-demand markets.
SOURCE Spectra Energy Partners, LP
Contact: Media & Analysts, Derick Smith, +1-713-627-4963
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