Spectra Energy Canada Exchangeco Inc.

June 24, 2008 13:55 ET

Spectra Energy Canada Exchangeco Inc. Declares Quarterly Dividend

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2008) - 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 September 16, 2008 to shareholders of record on the close of business August 15, 2008. 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.

A FORTUNE 500 company, 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 18,000 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.
    Lise-Ann Jackson
    Media
    (403) 699-1506
    or
    Spectra Energy Canada Exchangeco Inc.
    John Arensdorf
    Analysts
    (713) 627-4600
    Website: www.spectraenergy.com