News Release
May 12, 2008

Spectra Energy Announces New Member of Board of Directors

HOUSTON – Spectra Energy (NYSE: SE) today announced Michael McShane, recently retired chairman, president and chief executive officer of GrantPrideco, Inc., was elected to its board of directors during the company’s annual shareholder’s meeting on May 8. McShane also was appointed to the audit committee and finance and risk management committee.

With more than 30 years of experience in the petroleum industry, McShane is an established business leader who has distinguished himself in the areas of management, finance and strategy.

“We are delighted to have Mike join our board,” said Paul M. Anderson, Chairman, Spectra Energy. “His exceptional blend of strategic, financial and business acumen, combined with a clear track record for building shareholder value, makes him an excellent addition to our board.”

Other current members of the Spectra Energy board include: Paul M. Anderson, chairman; and Fred J. Fowler, Martha B. Wyrsch, William T. Esrey, Dennis R. Hendrix, Tony Comper, Austin A. Adams, Peter B. Hamilton, Michael E.J. Phelps and Pamela L. Carter.

Spectra Energy Corp (NYSE: SE) 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 close to a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related energy infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 18,000 miles of transmission pipeline, 265 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. Visit www.spectraenergy.com for more information.

Wendy Olson
(713) 627-4072
(713) 627-4747 (24-hour media line)

John Arensdorf
(713) 627-4600