Duke Energy Income Fund
TSX : DET.UN

Duke Energy Income Fund
Spectra Energy Income Fund
TSX : SP.UN

Spectra Energy Income Fund

January 02, 2007 06:00 ET

Duke Energy Income Fund Provides Name Change and New Trading Symbol Reminder

CALGARY, ALBERTA--(CCNMatthews - Jan. 2, 2007) - As previously announced on November 7, 2006, Duke Energy Income Fund (TSX:DET.UN) has been renamed Spectra Energy Income Fund ("the Fund") (TSX:SP.UN) effective January 1, 2007. This name change results from the spin-off of the natural gas business of Duke Energy Corporation into a publicly traded entity which is known as Spectra Energy Corp. ("Spectra Energy"). Units of the Fund will commence trading on the Toronto Stock Exchange under the symbol SP.UN on January 2, 2007.

The Fund is an unincorporated open-ended trust established under the laws of the Province of Alberta and owns a 53.8 percent indirect interest in Spectra Energy Facilities LP ("SEF LP") which owns 100 per cent of Spectra Energy Midstream Corporation ("Spectra Midstream"). Spectra Energy indirectly owns the remaining 46.2 percent interest of SEF LP and is the sponsor of the Fund. Spectra Midstream is one of the largest independent midstream operations in the Western Canadian Sedimentary Basin ("WCSB") with interests in thirteen natural gas processing plants with a net processing capacity of 904 mmcf/d and over 1,600 kilometres of natural gas gathering pipelines located throughout natural gas prone areas in the western extent of the WCSB. More information on Spectra Energy Income Fund can be found at: http://www.spectraenergyfund.com.

About Spectra Energy

Spectra Energy Corp. (NYSE:SE) is North America's premier pure play natural gas midstream company that serves 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 that connects 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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