Spectra Energy Corp.
NYSE : SE

Spectra Energy Corp.

January 22, 2007 17:17 ET

Duke Energy Canada Exchangeco Inc. Announces Name Change and New Trading Symbol

CALGARY, ALBERTA--(CCNMatthews - Jan. 22, 2007) - Duke Energy Canada Exchangeco Inc. has changed its name to Spectra Energy Canada Exchangeco Inc., effective January 22, 2007. This name change results from the spin-off of the natural gas businesses of Duke Energy Corporation into a stand-alone, publicly traded company known as Spectra Energy Corp.

As a result of the spin-off, Exchangeco now has two classes of exchangeable shares: Duke Energy Exchangeable Shares which are exchangeable on a one-for-one basis for common shares of Duke Energy Corporation, and Spectra Energy Exchangeable Shares which are exchangeable on a one-for-one basis for common shares of Spectra Energy Corp. The Duke Energy Exchangeable Shares which currently trade under the symbol DX.A will begin trading on the Toronto Stock Exchange under the symbol SPT.A on January 26, 2007. The Spectra Energy Exchangeable Shares which currently trade under the symbol DX.B will begin trading on the Toronto Stock Exchange under the symbol SPT.B on January 26, 2007.

Spectra Energy Corp. (NYSE:SE) is one of North America's premier pure play natural gas midstream 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 17,500 miles of transmission pipeline, 250 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.

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