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Even though Enbridge is now calling the shots, little has changed at Spectra Energy Partners for now.
As you might expect following a megamerger, there were some extra costs involved.
Enbridge Inc , North America's largest energy infrastructure company, said on Thursday it may acquire more assets and forecast a rise in adjusted earnings this year following its purchase of Spectra Energy Corp. Enbridge bought Spectra for $28 billion in a deal that closed on Feb. 27, highlighting the pressure faced by pipeline companies to merge as they grapple with over-capacity. Calgary, Alberta-based Enbridge, which reported a lower-than-expected profit for the first quarter on Thursday, said it expects adjusted profit before interest and taxes of C$7.2 billion ($5.3 billion) to C$7.6 billion in 2017, compared to C$4.7 billion last year.