Spectra Energy Corporation (SE) reported its third quarter results of 30 cents per share, compared to the Zacks Consensus Estimate of 28 cents and the year-earlier quarter earnings of 49 cents. Earnings came in above expectations on the back of contribution from the company’s fee-based businesses.  The U.S. Transmission segment posted earnings before interest and taxes (EBIT) of $239 million, up more than 10% year over year. The segment benefited from business expansion projects and capitalization of previously expensed project development costs. These positives were partially offset by lower gas processing revenues as a result of lower prices and volumes. Distribution segment reported EBIT of $48 million, up 9% year over year, driven by higher storage and transportation revenues.  Western Canada Transmission & Processing segment reported EBIT of $84 million, down 25.7% from the year-earlier level. Improved revenues in the fee-based gathering and processing business were ...