Spectra Energy Canada Exchangeco Inc.

October 25, 2007 15:00 ET

Spectra Energy Canada Exchangeco Inc. Declares Quarterly Dividend

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2007) - Spectra Energy Canada Exchangeco Inc. ("Exchangeco"), a subsidiary of Spectra Energy Corp., today declared a quarterly cash dividend of CDN$0.23 on its Duke Energy Exchangeable shares (TSX:SPT.A) payable on Dec. 17, 2007 to shareholders of record on the close of business Nov. 16, 2007. All dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes by Exchangeco including the dividend above are designated eligible dividends pursuant to Subsection 89(14) of the Income Tax Act (Canada) or similar provincial or territorial legislation. This designation will apply to all such dividends paid or deemed paid in the future unless otherwise notified by Exchangeco. An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit.

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 17,500 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.

Contact Information

  • Spectra Energy Canada Exchangeco Inc. - Media
    Rosemary Silva
    (604) 488-8147 or (713) 627-4747 (24-hour media line)
    or
    Spectra Energy Canada Exchangeco Inc. - Analysts
    John Arensdorf
    (713) 627-4600
    Website: www.spectraenergy.com