Spectra Energy Canada Exchangeco Inc. Declares Quarterly Dividend



    VANCOUVER, May 7 /CNW/ - Spectra Energy Canada Exchangeco Inc.
("Exchangeco"), a subsidiary of Spectra Energy Corp, today declared a
quarterly cash dividend of CDN $0.27 on its Duke Energy Exchangeable shares
(TSX: SPT.A) payable on June 16, 2009 to shareholders of record on the close
of business, May 18, 2009. 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), a FORTUNE 500 company, 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 nearly a century, Spectra Energy and its
predecessor companies have developed critically important pipelines and
related infrastructure connecting natural gas supply sources to premium
markets. Based in Houston, Texas, the company operates in the United States
and Canada approximately 18,900 miles of transmission pipeline, more than 275
billion cubic feet of storage, as well as natural gas gathering and
processing, natural gas liquids operations and local distribution assets. The
company also has a 50 percent ownership in DCP Midstream, one of the largest
natural gas gatherers and processors in the United States. Spectra Energy was
recently ranked by FORTUNE as the world's "most admired" pipeline company. For
more information, visit www.spectraenergy.com.





For further information:

For further information: Media: Rosemary Silva, (604) 488-8147;
Analysts:  John Arensdorf, (713) 627-4600

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Spectra Energy Canada ExchangeCo Inc.

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