U.S. Markets close in 1 hr 44 mins

Spectra Energy acquires Express-Platte Pipeline System for $1.49B

Spectra Energy announced it has entered into a definitive agreement to purchase 100% of the ownership interests in the Express-Platte Pipeline System from Borealis Infrastructure, the Ontario Teachers' Pension Plan and Kinder Morgan Energy Partners for $1.49B, consisting of $1.25B cash and $240M of acquired debt.