Proposed Mid-Continent Crossing Pipeline Project Discontinued



    HOUSTON, Jan. 31 /CNW/ -- CenterPoint Energy Gas Transmission Company, a
subsidiary of CenterPoint Energy, Inc. (NYSE:   CNP), and Spectra Energy have
agreed to discontinue the development of their joint Mid-Continent Crossing
(MCX) pipeline. The MCX route was planned to move natural gas from the
mid-continent basins to key interconnects serving the U.S. Northeast and
Southeast markets.
    
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20061030/CLM051LOGO )
    
    "Market and economic analyses do not support the construction of the
proposed pipeline at this time," the two companies said in a joint statement.
"We will continue to independently evaluate opportunities for building
infrastructure to transport mid-continent natural gas supplies including
projects in the vicinity of the proposed MCX pipeline.  We continue to believe
that there is a need for infrastructure that supports producer efforts to
bring these non-traditional natural gas supplies to the eastern markets and
should the appropriate project present itself, we would be willing to look at
it jointly."

    
    About the Companies
    
    CenterPoint Energy, Inc. (NYSE:   CNP), headquartered in Houston, Texas, is
a domestic energy delivery company that includes electric transmission &
distribution, natural gas distribution, competitive natural gas sales and
services, and pipeline and field services operations.  The company serves more
than five million metered customers primarily in Arkansas, Louisiana,
Minnesota, Mississippi, Oklahoma and Texas. Through subsidiaries, the company
owns and operates two interstate natural gas pipelines, CenterPoint Energy Gas
Transmission Company and CenterPoint Energy-Mississippi River Transmission
Corporation. Assets total approximately $17 billion.  With about 9,000
employees, CenterPoint Energy and its predecessor companies have been in
business for more than 130 years. For more information, visit the Web site at
www.CenterPointEnergy.com.
    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.

    
    Forward-looking statement
    
    This news release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The statements in this news release regarding future
events and other statements that are not historical facts are forward-looking
statements. Although CenterPoint Energy and Spectra Energy believe that their
respective expectations of future events as set forth in this release are
based on reasonable assumptions, neither CenterPoint Energy nor Spectra Energy
can give assurance that anticipated results will be achieved or that
anticipated events will occur. Actual events and results may differ materially
from those projected. Important factors that could cause actual results to
differ materially from those in the forward-looking statements of CenterPoint
Energy herein are discussed in CenterPoint Energy's and its subsidiaries Form
10-Ks for the year ended Dec. 31, 2005, and Form 10-Qs for the quarters ended
March 31, June 30 and Sept. 30, 2006, and other filings with the Securities
and Exchange Commission. Important factors that could cause actual results to
differ materially from those in the forward-looking statements of Spectra
Energy herein are discussed in Spectra Energy's Form 10, as amended, filed on
Dec. 6, 2006, and other filings with the Securities and Exchange Commission.

    
    Media:     Leticia Lowe
    CenterPoint Energy
    (713) 207-7702

    Gretchen Krueger
    Spectra Energy
    (713) 627-4072
    (713) 627-4747 (24-hour media line)

    Analysts:  Marianne Paulsen
    CenterPoint Energy
    (713) 207-6500

    John Arensdorf
    Spectra Energy
    (713) 627-4600

    




For further information:

For further information: media, Leticia Lowe, +1-713-207-7702, of 
CenterPoint Energy, or Gretchen Krueger, +1-713-627-4072 or +1-713-627-4747,
of  Spectra Energy; analysts, Marianne Paulsen, +1-713-207-6500, of
CenterPoint  Energy, or John Arensdorf, +1-713-627-4600, of Spectra Energy Web
Site: http://www.spectraenergy.com/

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Spectra Energy Corp.

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