Enbridge acquires Spectra Energy in multi-billion-dollar deal
Enbridge Inc. and Spectra Energy Corp. have entered into a definitive merger agreement under which Enbridge and Spectra Energy will combine in a stock-for-stock merger transaction. The combination will create the largest energy infrastructure company in North America and one of the largest globally based on a pro-forma enterprise value of approximately $127 billion.
With an asset base that includes a diverse set of best-in-class assets comprised of crude oil, liquids and natural gas pipelines, terminal and midstream operations, a regulated utility portfolio and renewable power generation, the combined company will be positioned to provide integrated services and first and last mile connectivity to key supply basins and demand markets.
Upon closing of the transaction, Al Monaco will continue to serve as president and chief executive officer of the combined company. Greg Ebel will serve as non-executive chairman of Enbridge’s Board of Directors.
The senior management team of the combined entity will be communicated in due course. On closing, the following appointments will take effect:
Guy Jarvis, president, Liquids Pipelines & Major Projects
Bill Yardley, president, Gas Transmission & Midstream
John Whelen, executive vice president & chief financial officer
The headquarters of the combined company will be in Calgary, Alberta. Houston, TX will be the combined company’s gas pipelines business unit center; Edmonton, Alberta will remain the business unit center for liquids pipelines, with gas distribution continuing to be based in Ontario.
PG&E becomes first natural gas utility to receive process safety certification
Pacific Gas and Electric Co. (PG&E) has successfully passed a comprehensive gas safety audit and has been certified to the chemical industry’s RC14001® management system standard. The audit reviewed numerous end-to-end safety processes at the company, ultimately approving PG&E as the first utility to secure the certification.
“Safety is at the heart of everything we do at PG&E and this certification speaks directly to the work we are doing every day to ensure the safety of our customers, the public and our employees. To be the first utility in the world to receive this certification is an incredible accomplishment and reinforces our commitment to be the safest and most reliable gas company in the country,” said Nick Stavropoulos, president, PG&E Gas.
RC14001 was developed as a standard issued through the American Chemistry Council for process safety; community communications; product safety; occupational safety, health, environmental and security practices against which it can be evaluated and certified by a third party. The standard embodies the industry’s Responsible Care® Guiding Principles. PG&E adopted this standard to build upon its comprehensive safety management program.
Michels adds microtunneling manager
Trenchless construction veteran Brenden Tippets has joined Michels Corp. as microtunneling manager.
Tippets has more than 20 years of experience in wide-ranging aspects of heavy civil construction, including significant experience in microtunneling, tunneling and pipejacking. His specific areas of expertise include design-build trenchless projects, extensive contaminated ground water remediation, and construction in deep and difficult soil conditions in dense urban settings. As microtunneling manager, Tippets will guide the continued growth of microtunneling among Michels’ repertoire of trenchless construction services.
Tippets shares his expertise and experience with others in the trenchless industry through his abundant volunteer commitments. He is currently a member of the North American Microtunneling Association (NAMA) Board of Directors; committee member and session leader for the North American Society of Trenchless Technology (NASTT); and committee member for the American Railway Engineering and Maintenance-of-Way Association. Additionally, Tippets spent several years on the American Society of Civil Engineers (ASCE) Standard Design and Construction Guidelines for Microtunneling (ASCE/CI 36-15) Committee and is currently working on the AREMA microtunneling guidelines, which are planned for publication in early 2017.
Emerson adds valves & controls business to portfolio
Emerson has signed an agreement to purchase the valves & controls business of Pentair for $3.15 billion. The complementary acquisition establishes Emerson’s global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio.
Headquartered in Schaffhausen, Switzerland, the Pentair Valves & Controls business has nearly 7,500 employees around the world. The business has a large global installed base in chemical, petrochemical, oil and gas, power, mining and other process industries. With product brands like Anderson-Greenwood, Crosby, Vanessa, Keystone and Biffi, Pentair Valves & Controls has been a global leader in providing valve solutions for customers.
The acquisition is expected to close in the next four to six months, subject to various regulatory approvals.
It is with great sadness that we announce the passing after a very brief illness of Sherry Gettis, in Edmonton, Alberta. She is survived by her husband, Gerry Flatekval and three children, her mother, three sisters, two brothers, five grandsons, and a long list of friends, including many in the pipeline industry. Sherry was a pipeliner, starting her career at Banister Pipelines while still in her teens. She was involved in the start-up and was the first staff employee to join OJ Pipelines, and then later was part of the team at Spie Construction. Sherry took a break from pipelining to follow her dream to become a chef. In order to add the necessary hours in a short time, she worked at a mining camp in Canada’s Arctic at Echo Bay Mines, one of the first gold mines developed in permafrost. She also worked for the Association of Science and Engineering Technology Professionals of Alberta.
In 2004 she returned to the industry at the pipeline division of Finning Canada. In 2005 Sherry joined with Mel Ternan and the small group from Fabick, Ring Power, and Mustang, forming the nucleus of the new Caterpillar dealership, PipeLine Machinery (PLM). Sherry held the position of Global Marketing and Communications Manager, and retired from PLM in 2012.
She had a passion for, and an understanding of the challenges in this pipeline construction business. She had an impact on all of us while creating and being a part of many stories and memories, and pushed hard to move the business, and the industry, forward.
Jerry M. Comstock, 83, passed away Wednesday, March 23, 2016. He was born March 12, 1933 in Tonkawa, OK to Miles and Virginia Comstock. Jerry married the love of his life, Brenda Morehouse on January 18, 1982 in Huntington, WV. He was a pipeliner with local Union #798. He is survived by his wife, Brenda; daughters, Janet Comstock Simoneau of New Braunfels and Angie Morehouse Coste of La Vernia; sons, Jerry Martin Comstock, Jr. of Manhatten Beach, California, James Melton Comstock of Victoria, Jeffrey Clint Comstock of Port Aransas; sister, Virginia Lee Mokry of Austin; 14 grandchildren and 23 great-grandchildren. He is preceded in death by his parents; son, Joshua Eugene Comstock and brother Miles Monte Comstock, Jr.