Spectra Energy Declares Quarterly Dividend

    HOUSTON, April 4 /CNW/ - Spectra Energy today declared a quarterly cash
dividend on its common stock of $0.22 per share. The dividend is payable on
June 18, 2007, to shareholders of record on the close of business May 11,

    (Logo:  http://www.newscom.com/cgi-bin/prnh/20061030/CLM051LOGO )

    This is the 81st consecutive year that Spectra Energy through its
predecessor company, Duke Energy, has paid a quarterly cash dividend on its
common stock.
    Spectra Energy Canada Exchangeco Inc., a subsidiary of Spectra Energy,
today also announced a quarterly cash dividend on its exchangeable shares as

    -   Shares exchangeable into Spectra Energy Common Stock (TSX: SPT.B), a
        dividend of CDN $0.25 per exchangeable share.

    The dividends are payable on June 18, 2007, to shareholders of record on
the close of business May 11, 2007.

    Spectra Energy Corp (NYSE:   SE) is one of North America's premier pure
play natural gas midstream companies serving three key links in the natural
gas value chain: gathering and processing, transmission and storage and
distribution. For close to a century, Spectra Energy and its predecessor
companies have developed critically important pipelines and related energy
infrastructure connecting natural gas supply sources to premium markets. Based
in Houston, Texas, the company operates in the United States and Canada
approximately 17,500 miles of transmission pipeline, 265 billion cubic feet of
storage, natural gas gathering and processing, natural gas liquids operations
and local distribution assets. Spectra Energy Corp also has a 50 percent
ownership in DCP Midstream, one of the largest natural gas gatherers and
processors in the United States. Visit http://www.spectraenergy.com for more

For further information:

For further information: Media, Molly Boyd, (713) 627-4072, 24-hour
media  line, (713) 627-4747; or Analysts, John Arensdorf, (713) 627-4600, both
of Spectra Energy Web Site: http://www.spectraenergy.com

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Spectra Energy Corp.

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