Westcoast Energy Declares Dividends

VANCOUVER, May 9 /CNW/ - On May, 9th, 2011, 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 July15, 2011 to shareholders of record at the close of business on July1, 2011.
  2. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8:  A dividend of 35.00 cents per share payable on July15, 2011 to shareholders of record at the close of business on July1, 2011.

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 continues to apply 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 305 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 the Dow Jones Sustainability World and North American Indexes and the U.S. S&P 500 Carbon disclosure Project's Leadership Index for both Carbon Performance and Disclosure.  For more information, visit www.spectraenergy.com.

SOURCE Westcoast Energy Inc.

For further information:

Media:  Rosemary Silva
  Spectra Energy
  (604) 488-8147

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Westcoast Energy Inc.

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