Spectra Energy (SE) and Spectra Energy Partners (SEP) announced their business outlook and three year financial plan. Key highlights include: Spectra Energy 2014 distributable cash flow of more than $1.2B; SEP distributable cash flow in 2014 of $935M with a CAGR of 13% through 2016; At least 9% annual growth of Spectra Energy dividends and at least 8%-9% annual growth of Spectra Energy Partners distributions through 2016; 2014 enterprise-wide EBITDA of more than $3B; with a compounded annual growth rate of 7% through 2016; Investment of approximately $1.3B in expansion capital in 2014 and an average annual growth CapEx of approximately $2B through 2016; SEP's share of CapEx is about 70% in 2014; 60% in 2015, and 45% in 2016 Pursuing an additional $10B of natural gas and liquids opportunities over the previously announced $25B of opportunities through the end of the decade.
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