News Release
December 27, 2007

Maritimes & Northeast Pipeline to Hold Binding Open Season For Proposed Phase V Expansion Project Commencing in 2010

HALIFAX, NS and WALTHAM, Mass. – Maritimes & Northeast Pipeline (Maritimes), in response to strong market interest for additional transportation capacity in Canada and the United States, is planning a further expansion of its mainline system. The proposed Phase V expansion project would bring additional supplies of much needed natural gas to the Northeast and Eastern Canada.

Based upon the results of a non-binding open season held over the summer, Maritimes expects to increase the capacity of its U.S. mainline system by approximately 170,000 dekatherms per day (Dth/d) of year-round firm capacity, and utilize approximately 30,000 Dth/d of available seasonal capacity from November through March.

Maritimes will now hold a binding open season for customers to submit nominations for firm transportation services.  The binding open season will run from Thursday, December 27, at 9:00 a.m. EST, through Friday, January 18, at 5 p.m. EST.  For information, contact Rob Whitwham by telephone at (902) 425-0628 or by email at rlwhitwham@spectraenergy.com.

Maritimes will determine the exact nature of the facilities required for the Phase V Project following the binding open season. The project is anticipated to commence service in late 2010.

Maritimes & Northeast Pipeline is owned by affiliates of Spectra Energy (77.53 percent), Emera Inc. (12.92 percent) and ExxonMobil Corporation (9.55 percent). Maritimes is headquartered in Halifax, Nova Scotia, with an additional office in Waltham, Mass. Operations centers are located in Fredericton, New Brunswick; New Glasgow, Nova Scotia; Greenland, New Hampshire; and Richmond, Brewer and Baileyville, Maine. For more information, please contact Maritimes on the Internet at www.mnpp.com.

Media Contact:Marylee Hanley
(617) 560-1573
(713) 627-4747 (24-hour media line)

Stephen Rankin
(902) 425-4293
(713) 627-4747 (24-hour media line)

Analyst Contact:John Arensdorf
Spectra Energy
(713) 627-4600