Union Gas Declares Dividends



    TORONTO, Aug. 7 /CNW/ - On August 7, 2009, Union Gas Limited declared the
following quarterly dividends:

    
    1.  5 1/2% Cumulative Redeemable Class A Preference Shares, Series A: A
        quarterly dividend of 70 cents per share payable on September 30,
        2009 to shareholders of record at the close of business on
        September 4, 2009.

    2.  6% Cumulative Redeemable Class A Preference Shares, Series B: A
        quarterly dividend of 75 cents per share payable on September 30,
        2009 to shareholders of record at the close of business on
        September 4, 2009.

    3.  5% Cumulative Redeemable Class A Preference Shares, Series C: A
        quarterly dividend of 62.5 cents per share payable on September 30,
        2009 to shareholders of record at the close of business on
        September 4, 2009.
    

    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 this dividend 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 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.

    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 19,100 miles of transmission pipeline, more than 285
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: Andrea Stass, Union Gas Limited, (519)
436-5490


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