Union Gas declares dividends



    TORONTO, May 7 /CNW/ - On May 7, 2009, Union Gas Limited ("Union Gas")
declared the following quarterly dividends:

    
    1.  5 1/2% Cumulative Redeemable Class A Preference Shares, Series A: A
        quarterly dividend of 68 cents per share payable on June 30, 2009 to
        shareholders of record at the close of business on June 5, 2009.

    2.  6% Cumulative Redeemable Class A Preference Shares, Series B: A
        quarterly dividend of 75 cents per share payable on June 30, 2009 to
        shareholders of record at the close of business on June 5, 2009.

    3.  5% Cumulative Redeemable Class A Preference Shares, Series C: A
        quarterly dividend of 62.5 cents per share payable on June 30, 2009
        to shareholders of record at the close of business on June 5, 2009.
    

    All dividends paid or deemed paid for Canadian federal, provincial or
territorial income tax purposes by Union Gas including the dividends 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 Union Gas. An eligible dividend received by a
Canadian resident individual shareholder is entitled to the enhanced dividend
tax credit. Union Gas is an indirect subsidiary of Spectra Energy Corp.

    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 18,000 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, the largest natural gas gatherer and
processor in the United States. For more information, visit
www.spectraenergy.com.




For further information:

For further information: Media: Andrea Stass, Union Gas Limited, (519)
436-5490


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