Spectra Energy wins bid to develop natural gas header and pipeline from Nueces County to Brownsville, Texas
Clients Spectra Energy Corp.
Jones Day represented Spectra Energy Corp. regarding Mexican law issues in connection with the Nueces-Brownsville Project auctioned by Comisión Federal de Electricidad ("CFE"), the Mexican utility company. The project includes the development of a natural gas header and pipeline from Nueces County to Brownsville, Texas. The "CFE" awarded the project to Valley Crossing Pipeline LLC (a Spectra Energy company) as the winning bidder with an offer of USD$2.9 billion as net present value for the construction and operation of the project on June 13, 2016.