January 23, 2018 5:35 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Union Gas Limited

Company Overview

Union Gas Limited provides natural gas storage, distribution, and transmission services in Canada. The company offers various storage and transportation services to customers at the Dawn Hub, an integrated underground storage facility in Canada. It distributes natural gas to approximately 1.5 million residential, commercial, and industrial customers through 65,000 kilometers of main and service pipelines in approximately 400 communities across northern, southwestern, and eastern Ontario. The company was founded in 1911 and is headquartered in Chatham, Canada. Union Gas Limited is a subsidiary of Spectra Energy Corp.

50 Keil Drive North

PO Box 2001

Chatham, ON N7M 5M1

Canada

Founded in 1911

2,312 Employees

Phone:

519-352-3100

Key Executives for Union Gas Limited

Chairman & President
Age: 53
Chief Financial Officer
Age: 64
Chief Executive Officer of Spectra Energy Corp and President of Spectra Energy Corp
Age: 53
Vice President and General Counsel
Vice President and Treasurer
Age: 49
Compensation as of Fiscal Year 2017.

Union Gas Limited Key Developments

Union Gas Limited Presents at Platts 16th Annual Gas Storage Outlook Conference, Jan-08-2018 09:00 AM

Union Gas Limited Presents at Platts 16th Annual Gas Storage Outlook Conference, Jan-08-2018 09:00 AM. Venue: Royal Sonesta Houston, 2222 West Loop South, Houston, Texas, United States. Speakers: Chris Shorts, Director, S&T Marketing & Utilization.

Union Gas Limited Announces Expansion of Natural Gas Pipeline and Compression Facilities

Union Gas Limited announced the in service of a CAD 622.5 million expansion of natural gas pipeline and compression facilities that will support the reliable movement of affordable natural gas to Ontario homes and businesses and markets further east. The facilities placed into service on time and on budget include additional compressors and related station facilities at the Dawn, Lobo and Bright Compressor Stations. Together, they will move an incremental 0.45 PJ/d (0.4 Bcf/d) of natural gas supplies through the Dawn-Parkway System, which links markets in eastern Canada and the northeast U.S. with the Dawn Hub. These facilities represent the third phase of a CAD 1.5 billion-investment in the Union Gas Dawn-Parkway System between 2015 and 2017. This three phase Dawn-Parkway System expansion will provide 1.3 PJ/d (1.2 Bcf/d) of incremental capacity for a total capacity of 8.2 PJ/d (7.5 Bcf/d), making it one of the most robust pipeline systems in North America. The Union Gas Dawn-Parkway System provides for the movement of natural gas from the Dawn Hub – integrated natural gas storage facility in Canada located near Sarnia – to the Greater Toronto Area, where it interconnects with other pipelines serving eastern Canadian and U.S. markets. Reliability of service on the Dawn-Parkway system is enhanced by Loss of Critical Unit coverage, which provides reserve horsepower across the system.

Union Gas Limited Declares Cumulative Redeemable Class A Preference Shares, Series A, B and C Dividends, Payable on December 31, 2017

Union Gas Limited declared 5.50% cumulative redeemable class A preference shares, series A quarterly dividend of 69.00 cents per share payable on December 31, 2017 to shareholders of record at the close of business on December 8, 2017. 6.00% cumulative redeemable class A preference shares, series B quarterly dividend of 75.00 cents per share payable on December 31, 2017 to shareholders of record at the close of business on December 8, 2017. 5.00% cumulative redeemable class A preference shares, series C quarterly dividend of 62.50 cents per share payable on December 31, 2017 to shareholders of record at the close of business on December 8, 2017.

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