/C O R R E C T I O N From Source - Union Gas Limited/

Please be advised that an error occurred in c6399, "Union Gas declares dividends" sent at 14:57 ET today. The first bullet has been corrected to state that the quarterly dividend for 5½% Cumulative Redeemable Class A Preference Shares, Series A is 69 cents per share and not 68 cents. Corrected copy follows:

Union Gas declares dividends

CHATHAM, ON, May 7, 2014 /CNW/ - On May 7, 2014, Union Gas Limited declared the following quarterly dividends:

  1. 5½% Cumulative Redeemable Class A Preference Shares, Series A:  A quarterly dividend of 69 cents per share payable on June 30, 2014 to shareholders of record at the close of business on June 6, 2014.
  2. 6% Cumulative Redeemable Class A Preference Shares, Series B: A quarterly dividend of 75 cents per share payable on June 30, 2014 to shareholders of record at the close of business on June 6, 2014.
  3. 5% Cumulative Redeemable Class A Preference Shares, Series C:  A quarterly dividend of 62.5 cents per share payable on June 30, 2014 to shareholders of record at the close of business on June 6, 2014.

All dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid on or after January 1, 2006 by Union Gas Limited including these dividends are designated eligible dividends within the meaning of 89 (1) of the Income Tax Act (Canada) or similar provincial or territorial legislation. This designation continues to apply in the future unless otherwise notified by Union Gas Limited.  An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit. Union Gas Limited is an indirect subsidiary of Spectra Energy Corp.

About Union Gas
Union Gas Limited is a major Canadian natural gas storage, transmission and distribution company based in Ontario with over 100 years of experience and service to customers. The distribution business serves about 1.4 million residential, commercial and industrial customers in more than 400 communities across northern, southwestern and eastern Ontario. Union Gas' storage and transmission business offers a variety of storage and transportation services to customers at the Dawn Hub, the largest integrated underground storage facility in Canada and one of the largest in North America.  The Dawn Hub offers customers an important link in the movement of natural gas from Western Canadian and U.S. supply basins to markets in central Canada and the northeast U.S. Union Gas, one of Canada's Top 100 Employers for 2014, is a Spectra Energy (NYSE: SE) company with assets of $6.4 billion and approximately 2,200 employees. For more information, visit uniongas.com and find us on Twitter: twitter.com/uniongas, Facebook: facebook.com/uniongas and YouTube: youtube.com/user/uniongas.

About Spectra Energy
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America's leading pipeline and midstream companies. Based in Houston, Texas, the company's operations in the United States and Canada include more than 22,000 miles of natural gas, natural gas liquids, and crude oil pipelines; approximately 305 billion cubic feet (Bcf) of natural gas storage; 4.8 million barrels of crude oil storage; as well as natural gas gathering, processing, and local distribution operations. Spectra Energy is the general partner of Spectra Energy Partners (NYSE: SEP), one of the largest pipeline master limited partnerships in the United States and owner of the natural gas, natural gas liquids, and crude oil assets in Spectra Energy's U.S. portfolio. Spectra Energy also has a 50 percent ownership in DCP Midstream, the largest producer of natural gas liquids and the largest natural gas processor in the United States. Spectra Energy has served North American customers and communities for more than a century. The company's longstanding values are recognized through its inclusion in the Dow Jones Sustainability World and North America Indexes and the CDP Global 500 and S&P 500 Climate Disclosure and Performance Leadership Indexes. For more information, visit www.spectraenergy.com and www.spectraenergypartners.com.

SOURCE: Union Gas Limited

For further information:

CONTACT:
Andrea Stass
Manager, External Communications and Media Relations
Ph: 519 436-5490 or 1-800-571-8446 ext. 5005490
Cell: 519 365-1010
astass@uniongas.com


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