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  "documentTitle": "Spectra Energy Corp (SE)",
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  "notes": "Includes detailed pro-forma valuation tables for the proposed transaction.",
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      "text": "We believe this transaction would be significantly accretive to SEP and simultaneously increase SEP's IDR payout by almost 6x",
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      "text": "Step 1: Drop down SE's US Transmission assets to Spectra Energy Partners, LP (SEP), an MLP",
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