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The document summarizes Spectra Energy's first quarter 2007 earnings. Key points include: - Ongoing earnings were up 10% from Q1 2006, though some segments were dampened by extreme weather and commodity prices. - The company is on track to deliver 5-7% compound annual EPS growth through 2009 through $3 billion in expansion projects. - Segments like US Transmission saw earnings growth from capital projects and cost reductions, while Field Services was down due to weather and commodity prices. - The company reaffirmed its focus on steady growth and attractive dividends to deliver 8-10% total shareholder returns.
















