News Release
March 3, 2009

Spectra Energy Signs Customer Agreements for Northeast BC Pipeline Expansion Project, Project Offers Producers Critical Expanded Pathway to Markets

CALGARY, Alberta – Spectra Energy Corp (NYSE: SE) today announced it has executed firm Service Agreements with customers related to the proposed expansion of the company’s Transportation North (T North) natural gas transmission facilities in northeastern British Columbia (BC).

The T North expansion project will increase eastbound transportation capacity by 153 million cubic feet per day (MMcf/d) from Spectra Energy’s McMahon Plant in Taylor, BC, to interconnections with TransCanada Pipeline and Alliance Pipeline near Gordondale, Alberta. The project also will increase westbound capacity by 112 MMcf/d from the McMahon Plant to Compressor Station 2 at the interconnection with the company’s Transmission South system, near Chetwynd, BC.

The expansion will be accomplished through increased compression at existing compressor station sites, which will minimize project costs as well as effects on landowners and the environment. The company is currently working to finalize the design of the new facilities, with the eastbound expansion slated to be in-service by early 2010 and the westbound expansion to be in-service toward year-end 2010, subject to the receipt of regulatory approvals.

“The T North pipeline is strategically positioned to provide flexible and economic transportation solutions to meet growing customer demands in northeastern BC,” said Rob Whitwham, vice president, Pipeline, Spectra Energy Transmission (West). “In addition to providing access to new supply sources for our traditional markets in BC and the Pacific Northwest, the T North facilities interconnect with other major transmission pipelines, thereby providing producers in the region with enhanced market flexibility.”

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, 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.

Media Contact:Rosemary Silva
(604) 488-8147

Analyst Contact:John Arensdorf
(713) 627-4600