News Release
March 12, 2009

Spectra Energy to Hold Expansion Open Season to Provide Transportation Solutions for Producers in the Haynesville Shale and Other East Texas Supply Regions

HOUSTON – Spectra Energy Corp (NYSE: SE) today announced a non-binding open season for a proposed expansion of its existing Texas Eastern Transmission, LP (Texas Eastern) mainline infrastructure to enhance and facilitate cost-effective transportation of incremental East Texas and North Louisiana gas supplies to major U.S. markets in the Southeast, Midwest and Northeast.

The ETX Expansion Project will provide customers a broad array of transportation options from receipt points in Texas Eastern’s East Texas rate zone, including supplies from the growing Haynesville Shale, Bossier Sands, Cotton Valley and James Lime production areas, to various delivery points along the interstate pipeline grid.

“Texas Eastern is strategically positioned to provide a variety of economic transportation solutions for producers in our East Texas zone,” said Mark Fiedorek, group vice president, Spectra Energy. “By making optimal use of our existing infrastructure, Texas Eastern can connect these new supply sources and move them into the downstream grid, with minimal need for new land or potential effects on landowners and the environment.”

During the open season, Texas Eastern will accept non-binding nominations for service from any existing or proposed receipt points to any existing or proposed delivery points in its East Texas zone. The specific scope of the expansion will be finalized following the results of the open season.

The ETX Expansion Project is targeted for a phased in-service, commencing early 2010.

Nominations will be accepted from Thursday, March 12, 2009, through Tuesday, March 31, 2:00 p.m. CT. For nomination forms and additional information, contact Chris Ditzel by email at ctditzel@spectraenergy.com or by fax at (713) 386-4681. Information also is available on the Web site at www.spectraenergy.com.

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. The company also has a 50 percent ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the United States. Spectra Energy was recently ranked by FORTUNE as the world’s “most admired” pipeline company. For more information, visit www.spectraenergy.com.

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

John Arensdorf
(713) 627-4600