Westcoast Energy Declares Dividends



    VANCOUVER, Aug. 10 /CNW/ - On August 10, 2009, Westcoast Energy Inc.
("Westcoast") 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, 2009 to shareholders of
        record at the close of business on October 1, 2009.

    2.  5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8: A dividend of
        35.00 cents per share payable on October 15, 2009 to shareholders of
        record at the close of business on October 1, 2009.
    

    All dividends paid or deemed paid for Canadian federal, provincial or
territorial income tax purposes to be paid on or after January 1, 2006 by
Westcoast 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
Westcoast. An eligible dividend received by a Canadian resident individual
shareholder is entitled to the enhanced dividend tax credit.
    Westcoast 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: Rosemary Silva, Spectra Energy, (604)
488-8147


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