Our Company at a Glance

A Brief Overview of Our Company and Our Businesses

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.

Number of Employees

• Approximately 5,400

President & CEO

• Greg Ebel

Major Operations

• Spectra Energy Transmission
• Union Gas
• Western Canada Transmission and Processing
• 50% ownership in DCP Midstream

Operational Facts

• Natural gas operations include approximately 19,100 miles of transmission pipeline and 305 billion cubic feet (Bcf) of storage capacity in the United States and Canada.

• Spectra Energy’s wholly owned businesses include Texas Eastern Transmission; Algonquin Gas Transmission; Bobcat Gas Storage; Union Gas; BC Pipeline Division; BC Field Services Division; and Natural Gas Liquids Division.

• The company also has significant ownership interests in DCP Midstream, Maritimes & Northeast Pipeline, Gulfstream Natural Gas System and Spectra Energy Partners.

• Headquartered in Houston, Spectra Energy also has major offices in Waltham, Massachusetts; Calgary, Alberta; Chatham, Ontario; Denver, Colorado; Halifax, Nova Scotia; Midland, Texas; Nashville, Tennessee; Tulsa, Oklahoma; and Vancouver, British Columbia.

Core Customers

• Local distribution companies
• Marketers and traders
• Natural gas producers (Gulf Coast, Sable Island, Appalachian, western U.S., mid-continent and western Canada)
• Gas-fired electric generators
• Residential, commercial and industrial customers

Spectra Energy Partners, LP

Spectra Energy Partners is a limited partnership interest formed in July 2007 by Spectra Energy Corp. Spectra Energy serves as the MLP’s general partner and manages and operates the entity with an overall 74 percent retained ownership (limited partner & general partner units). The initial MLP assets included a 100 percent interest in East Tennessee Natural Gas pipeline, a 24.5 percent interest in Gulfstream Natural Gas pipeline system and a 50 percent interest in a gas storage business, Market Hub Partners, or “MHP.” In 2008 and 2009, Spectra Energy Partners added to its portfolio of assets a 100 percent interest in Saltville Gas Storage and a 100 percent interest in Ozark Gas Transmission, respectively.