Westcoast Energy and Union Gas Declare Dividends

VANCOUVER, Aug. 11 /CNW/ - On August 11, 2010, Westcoast Energy Inc. declared the following quarterly dividends:

1. 5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7: A dividend of 34.375 cents per share payable on October 15, 2010 to shareholders of record at the close of business on October 1, 2010.

2. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8: A dividend of 35.00 cents per share payable on October 15, 2010 to shareholders of record at the close of business on October 1, 2010.

Also on August 11, 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 September 30, 2010 to shareholders of record at the close of business on September 3, 2010.

2. 6% CUMULATIVE REDEEMABLE CLASS A PREFERENCE SHARES, SERIES B: A quarterly dividend of 75 cents per share payable on September 30, 2010 to shareholders of record at the close of business on September 3, 2010.

3. 5% CUMULATIVE REDEEMABLE CLASS A PREFERENCE SHARES, SERIES C: A quarterly dividend of 62.5 cents per share payable on September 30, 2010 to shareholders of record at the close of business on September 3, 2010.

All dividends paid or deemed paid for Canadian federal, provincial or territorial income tax purposes by Westcoast Energy Inc. and Union Gas Limited (collectively the "Corporations") 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 the Corporations. An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit.

Westcoast Energy Inc. and Union Gas Limited are indirect subsidiaries 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 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 Westcoast Energy Inc.

For further information: For further information: Media: Lise-Ann Jackson, Spectra Energy, (403) 699-1506

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