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About this Report

This report largely focuses on our economic, social and environmental performance during 2010 and 2011
and establishes goals for the period 2012–2013. We account for our operated assets only, which exclude our
non-operated joint venture, DCP Midstream, and our jointly operated Gulfstream Natural Gas System and
Southeast Supply Header. Since our 2009 report we have acquired Bobcat Gas Storage in Louisiana, a salt
cavern natural gas storage facility with up to 19.8 billion cubic feet of working capacity. Through our Master
Limited Partnership, Spectra Energy Partners, we also have acquired the Big Sandy Pipeline.

Our reporting conforms to generally accepted standards, including the Global Reporting Initiative (GRI).
A brief index to select GRI indicators is located on page 26 of this report, and a detailed GRI index and other
information is available on our website. GRI has confirmed this report meets the requirements of GRI 3.1
Application Level B. See Our Statement GRI Application Level Check.

We have adopted reporting principles for public disclosure, which are: transparency, consistency,
completeness, accuracy and relevancy. These principles are reviewed each reporting cycle, and expectations
are continuously improved against each principle. For more information regarding our principles, please
view our online sustainability report.

We consider several external and internal factors to determine what to report, including those:

• Raised by stakeholders;
• Reported in our industry and relevant to Spectra Energy;
• Required by law and regulations in the areas where we work and voluntary agreements in which
Spectra Energy is a participant;
• Related to upholding our values, policies and commitments;
• Representing significant risks to the organization; and
• Enabling our success as well as our contribution to a sustainable future.

Contact

For information about this report, the content of our website, Spectra Energy’s sustainability initiatives, or to provide feedback, please contact Joanne Howard at sustainability@spectraenergy.com