Tag Archives: SEC

Spectra stock cut to hold; can CEO Greg Ebel explain 5 Feb 2015?

300x226 Spectra Energy (SE) and Spectra Energy Partners (SEP), in SE and SEP stock price for one year, by John S. Quarterman, for SpectraBusters.org, 16 January 2015 Maybe fossil fuel pipelines aren’t such a lucrative business after all? Funny how this Spectra downgrade comes right after the big announcement about EPA proposed methane rules. Can Spectra Energy CEO Greg Ebel explain this away to investors three weeks from now? How about OPEC driving the price of gas down and energy deals among U.S., China, and Russia tanking the U.S. LNG export market? Ebel’s got some ‘splainin’ to do.

Faye Duncan wrote for Dakota Financial News 16 January 2015, Spectra Energy Corp. Cut to “Hold” at Tudor Pickering, Continue reading Spectra stock cut to hold; can CEO Greg Ebel explain 5 Feb 2015?

No eminent domain for water-threatening unnecessary Sabal Trail pipeline –GA Rep. Dexter Sharper District 177

The state representative for Valdosta and parts of Lowndes County cited their two resolutions and enumerated lack of need for a pipeline, threatening letters from Sabal Trail, alternative routes next to a school, ill effects on business including on forestry and agriculture and private property valuations, potential sinkholes due to drilling under the Withlacoochee River, including on the preferred route, or anywhere in the fragile karst limestone containing the Floridan Aquifer, plus Spectra Energy’s own SEC filings say it doesn’t have insurance to cover the kinds of safety problems in Spectra’s own history nor those pointed out by Southern Natural Gas Company. Dexter Sharper noted local evidence that solar power is cheaper and safer, and echoed the Lowndes County Democratic Party in writing:

“…we have a moral obligation to leave our children and grandchildren with an earth as safe, beautiful, and majestic as the one bequeathed to us by our parents and grandparents.”

For all these reasons, on behalf of my constituents and the citizens of Lowndes County and the state of Georgia, I oppose the Sabal Trail pipeline anywhere in the County of Lowndes or the State of Georgia.

I urge that FERC reject any permit for the Sabal Trail pipeline, or at the very least move it entirely out of the State of Georgia.

Filed 7 January 2015 with FERC as Accession Number: 20150107-5100, “Comment of Dexter Sharper, Georgia State Representative, District 177, under CP15-17.” Continue reading No eminent domain for water-threatening unnecessary Sabal Trail pipeline –GA Rep. Dexter Sharper District 177

Questions from SpectraBusters, Inc. to FERC

FERC’s ecomment system was malfunctioning, so Beth emailed this on behalf of the board, which unanimously approved it earlier that same day. She also forwarded it to John Peconom of FERC and to her U.S. Rep Ted Yoho (FL-03) and to Rep. Sanford Bishop (GA-02). Here is contact information for your elected officials and candidates. -jsq

From: Beth Gordon
To: efiling <efiling@ferc.gov>
Date: Sat, Apr 19, 2014 6:05 pm
Subject: PF14-1 Sabal Trail Pipeline

To Whom it may Concern at FERC:

I am the President of a group of citizens and landowners from Alabama, Georgia, and Florida affected by the Sabal Trail Pipeline. Here are some important questions we hope you will answer for us. We have had no answers from FERC representatives at any other time. These are the questions we would like answered:

  1. Is lack of justification of energy need by Florida sufficient for FERC staff to recommend denying a permit for the Sabal Trail pipeline? Continue reading Questions from SpectraBusters, Inc. to FERC

Spectra fined $18.6 million + $200 million cleanup for PCBs by Pennsylvania in 1991

That 1989 $15 million fine against Spectra for leaking PCBs at 89 pipeline locations was a record for EPA at that time, but Pennsylvania topped it a few years later.

Russell E. Eshleman Jr. wrote for the Philadelphia Inquirer 15 May 1991, Pipeline Firm To Pay $218.6 Million For Pcb Contamination Across Pa.,

Texas Eastern Pipeline Corp. has agreed to pay Pennsylvania $18.6 million in penalties and $200 million in cleanup costs for dumping PCBs at 19 sites across the state, the Casey administration announced yesterday….

Remember, Texas Eastern is part of Spectra Energy now.

Penn. had asked for even more than it got, so it got enough: Continue reading Spectra fined $18.6 million + $200 million cleanup for PCBs by Pennsylvania in 1991