Newsroom

Spectra Energy Corp today reported 2011 net income from controlling interests of $1.18 billion, or $1.81 diluted EPS, compared with $1.05 billion, or $1.61 diluted EPS in 2010.

Spectra Energy Corp will announce its fourth quarter and year-end 2011 earnings results before the market opens on Thursday, February 2, 2012, and will hold an analyst conference call at 9:00 a.m. CT that same day.

Spectra Energy Corp's Texas Eastern Transmission, LP today announced it has reached binding agreements with two anchor shippers for its TEAM 2014 project, an expansion of its existing Texas Eastern system to deliver additional emerging Appalachian shale natural gas supplies to diverse markets in the Northeast, Midwest and Southern U.S. These commitments provide sufficient market support to proceed with the development of the TEAM 2014 project.

Spectra Energy Corp has declared a quarterly cash dividend on its common stock of $0.28 per share. The dividend is payable on March 12, 2012, to shareholders of record at the close of business on February 10, 2012.

Spectra Energy Corp's Texas Eastern Transmission, LP, American Electric Power and Chesapeake Energy Marketing, Inc., a wholly owned subsidiary of Chesapeake Energy Corporation, today announced their intention to advance the development of the Ohio Pipeline Energy Network (OPEN) project, a proposed expansion of the Texas Eastern pipeline system that will connect Ohio's Utica and Marcellus shale gas supplies with the fast-growing markets attached to the Texas Eastern system, in particular natural gas-fired power generation.