Spectra Energy Receives FERC Approval to Begin Construction on TIME II Project



    
    Expansion provides additional transportation capacity to reach New Jersey
    market area
    

    HOUSTON, June 11 /CNW/ -- Spectra Energy's Texas Eastern Transmission
Pipeline has received final approval from the Federal Energy Regulatory
Commission (FERC) to proceed with construction of the TIME II Project in Ohio
and Pennsylvania.
    
    (Logo: http://www.newscom.com/cgi-bin/prnh/20061030/CLM051LOGO )
    
    In its June 8 decision, FERC authorized the construction, replacement and
operation of approximately 27.8 miles of pipeline facilities in Pickaway and
Monroe Counties, Ohio, and Somerset, Bedford, Franklin, Bucks and Fayette
Counties, Pa. In addition, FERC approved four miles of new pipeline looping in
Monroe County, Ohio, and a new 16,000 horsepower compressor station in Adams
County, Pa.
    "Demand for natural gas in the mid-Atlantic and Northeast markets is
expected to grow steadily over the next several years," said Bill Yardley,
Spectra Energy's group vice president, northeast transmission. "We appreciate
FERC's timely review of the application for this expansion that will give
customers the ability to diversify their supply sources by providing
additional transportation capacity between the market area and Midwestern
supplies."
    The project will be completed in two phases. The facilities in
Pennsylvania will be in service the second half of 2007 and the facilities in
Ohio will be in service the second half of 2008. Once in service, TIME II will
have a capacity to bring up to 150 million cubic feet per day (MMcf/d) of
natural gas into the New Jersey market area.
    Texas Eastern, a Spectra Energy pipeline, owns and operates a 9,000 mile
pipeline system extending from South Texas and offshore the Gulf of Mexico to
major markets in the northeast.

    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, 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.

    
    Forward Looking Statement
    
    This 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. Forward-looking statements represent our intentions,
plans, expectations, assumptions and beliefs about future events. This release
includes forward-looking statements concerning future developments at our
facilities, including the anticipated timing of planned capital expansions and
anticipated future demand for natural gas pipeline capacity. Such statements
are subject to risks, uncertainties and other factors, many of which are
outside our control and could cause actual results to differ materially from
the results expressed or implied by those forward-looking statements. Those
factors include: the timing and success of efforts to develop infrastructure
projects; the timing and receipt of required regulatory approvals; the timing
and receipt of sufficient capacity commitments for the described project; and
fluctuations in the demand for natural gas in the markets serviced by the
described project. These factors, as well as additional factors that could
affect our forward-looking statements, are described in our Form 10-K, filed
with the Securities and Exchange Commission on April 2, 2007, and other
filings that we make with the SEC, which are available at the SEC's website at
www.sec.gov. In light of these risks, uncertainties and assumptions, the
events described in the forward-looking statements might not occur or might
occur to a different extent or at a different time than we have described. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.





For further information:

For further information: Media, John Sheridan, +1-617-560-1444, or
24-hour  media line, +1-713-627-4747, or Analysts, John Arensdorf,
+1-713-627-4600, both  of Spectra Energy Web Site:
http://www.spectraenergy.com

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