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Spectra Energy to Review 2009 Outlook and 2008 Performance Results

January 28, 2009

HOUSTON – Spectra Energy Corp (NYSE: SE) will discuss its 2009 outlook as part of its year-end and fourth quarter 2008 earnings call, scheduled for Thursday, February 5, 2009, at 9:00 a.m. CT. The company has scheduled one and a half hours to accommodate both components of the call as well as questions and answers.

The conference call and webcast can be accessed via the Investors Section of Spectra Energy’s Web site or by dialing (888) 252-3715 in the United States or Canada, or (706) 634-8942 for International. The conference code is “80303277” or “Spectra Energy Earnings Call.”

Please call five to ten minutes prior to the scheduled start time. A replay of the call will be available until 8:00 p.m. CT, May 5, 2009, by dialing (800) 642-1687 with conference ID 80303277. The international replay number is (706) 645-9291, with above conference ID. A replay and transcript also will be available by accessing the Investors Section of the company’s Web site.

Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America’s premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 18,300 miles of transmission pipeline, approximately 270 billion cubic feet of storage, natural gas gathering and processing, natural gas liquids operations and local distribution assets. Spectra Energy Corp also has a 50 percent ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the United States. For more information, visit www.spectraenergy.com.