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Spectra Energy Corp., through its subsidiaries and equity affiliates, engages in the ownership and operation of a portfolio of complementary natural gas-related energy assets. The company operates in four segments: U.S. Transmission, Distribution, Western Canada Transmission and Processing, and Field Services. The U.S. Transmission segment engages in the transportation and storage of natural gas for customers in various regions of the eastern and southeastern United States and the Maritime Provinces in Canada. The Distribution segment provides retail natural gas distribution services in Ontario, Canada, as well as natural gas transportation and storage services to other utilities and energy market participants in Ontario, Canada and the United States. As of December 31, 2007, the company had approximately 37,000 miles of distribution main and service pipelines serving approximately 1.3 million residential, commercial, and industrial customers. The Western Canada Transmission and Processing segment provides natural gas transportation, gathering, and processing services; and natural gas liquid extraction, fractionation, transportation, storage, and marketing to customers in western Canada and the northern tier of the United States. The Field Services segment gathers and processes natural gas, as well as fractionates, markets, and trades natural gas liquid. It engages in gathering raw natural gas through gathering systems located in eight natural gas producing regions, consisting of Permian Basin, the Mid-Continent, Rocky Mountain, east Texas-North Louisiana, Barnett Shale, Gulf Coast, and south and central Texas. The company had 18,000 miles of transmission pipelines and 272 billion cubic feet of storage capacity. Spectra Energy Corp. is headquartered in Houston, Texas. Spectra Energy Corp. (NYSE:SE) operates independently of Duke Energy Corp. as of January 2, 2007.
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