Union Gas Declares Dividends

CHATHAM, ON, May 7 /CNW/ - On May 7, 2010, Union Gas Limited declared the following quarterly dividends:

    
    1.  5 1/2% Cumulative Redeemable Class A Preference Shares, Series A: A
        quarterly dividend of 69 cents per share payable on June 30, 2010 to
        shareholders of record at the close of business on June 4, 2010.

    2.  6% Cumulative Redeemable Class A Preference Shares, Series B: A
        quarterly dividend of 75 cents per share payable on June 30, 2010 to
        shareholders of record at the close of business on June 4, 2010.

    3.  5% Cumulative Redeemable Class A Preference Shares, Series C: A
        quarterly dividend of 62.5 cents per share payable on June 30, 2010
        to shareholders of record at the close of business on June 4, 2010.
    

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 these dividends are designated eligible dividends pursuant to Subsection 89 (14) of the Income Tax Act (Canada) or similar provincial or territorial legislation. This designation continues to apply 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.

About Union Gas

Union Gas is an integrated natural gas storage, transmission and distribution company serving approximately 1.3 million customers, and is a Spectra Energy company. 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 is a member of both the Dow Jones Sustainability Index North America and the U.S. S&P 500 Carbon Disclosure Leadership Index. For more information, visit www.spectraenergy.com.

SOURCE Union Gas Limited

For further information: For further information: Andrea Stass, Manager, Public Affairs and Media Relations, Union Gas Limited, Ph: (519) 436-5490 or 1-800-571-8446 ext. 5490, Cell: (519) 365-1010, Fax: (519) 436-4621, E-mail: astass@uniongas.com


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