As of 2015, Spectra Energy does not offer direct payment for consumers. The company, which primarily operates 22,000 miles of natural gas pipelines and 300 billion cubic feet of natural gas storage sites around the United States and Canada, supplies the commodity to local and regional utility companies for distribution. These distribution companies then privately bill consumers for natural gas consumption in residential, commercial and industrial settings.Continue Reading
In addition to natural gas, Specta Energy, under the subsidiary company Spectra Energy Liquids, also operates crude oil pipelines in North America, taking part in the oil shale expansion in the North American Plains region. The company transports over 400,000 barrels of light, medium and heavy crude oil to refineries and fractioners throughout the continent.
Spectra Energy, a Standard and Poor's 500 company, was formed in 2006 as a spin-off of Duke Energy, the largest electricity holding company in the United States. Spectra is headquartered in Houston, Texas, and employs approximately 5,700 people. The company has invested significantly in operating in an environmentally-friendly fashion, but it has had operational mishaps in its history. The consequences of these mishaps include tens of millions of dollars in damages and hundreds of thousands of dollars in penalties and fines.Learn more about Personal Banking