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Spectra Energy Corp and Spectra Energy Partners Announce Agreements with Eastman Chemical Company for Continued, Long-Term Gas

   Spectra Energy Corp and Spectra Energy Partners Announce Agreements with
 Eastman Chemical Company for Continued, Long-Term Gas Transportation Service

PR Newswire

HOUSTON, Jan. 14, 2013

HOUSTON, Jan. 14, 2013 /PRNewswire/ --Spectra Energy Corp (NYSE: SE) and
Spectra Energy Partners, LP (NYSE: SEP) announced today that their East
Tennessee Natural Gas (ETNG) pipeline has executed agreements with Eastman
Chemical Company to provide an additional 86 million cubic feet per day
(Mmcf/d) of firm transportation capacity for 25 years to Eastman's Kingsport,
Tennessee, facility. The projects have a combined capital cost of
approximately $120 million and include modifying existing ETNG facilities and
building a new 6.4-mile pipeline extension. Coupled with Eastman's current
contracts, ETNG will provide 121 Mmcf/d of firm capacity to the Kingsport
facility when the projects are completed.

(Logo: http://photos.prnewswire.com/prnh/20061030/CLM051LOGO)
(Logo: http://photos.prnewswire.com/prnh/20071107/CLW064 )

"Eastman Chemical is a valued customer, and we are pleased to enhance natural
gas transportation service to its Kingsport site," said Patti Fitzpatrick,
vice president, marketing for ETNG. "Our East Tennessee Natural Gas system is
well positioned to safely and reliably deliver clean-burning natural gas to
Eastman's steam and electrical power generation facility, and these projects
will provide Eastman with enhanced supply options as well as increased
reliability."

The first project, for service of 25 Mmcf/d, is expected to begin in November
2013. The Kingsport Expansion Project, to provide 61 Mmcf/d of additional
capacity, is anticipated to be in service during the first quarter of 2015.
The projects are subject to approvals by the boards of directors of Spectra
Energy Corp, Spectra Energy Partners and Eastman Chemical Company, as well as
regulatory approvals.

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 more than 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's operations in the United
States and Canada include more than 19,000 miles of transmission pipeline,
approximately 305 billion cubic feet (Bcf) of storage, as well as natural gas
gathering and processing, natural gas liquids and local distribution
operations. 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
America Indexes and the Carbon Disclosure Project's Global 500 and S&P 500
Carbon Disclosure Leadership Indexes. For more information, visit
www.spectraenergy.com.

Spectra Energy Partners, LP (NYSE: SEP) is a Houston-based master limited
partnership, formed by Spectra Energy Corp (NYSE: SE), that owns interests in
natural gas transportation and storage assets in the United States, including
more than 3,500 miles of transmission and gathering pipelines and
approximately 57 Bcf of natural gas storage. These assets are capable of
transporting 4.5 Bcf of natural gas per day from growing supply areas to
high-demand markets.

SOURCE Spectra Energy Corp; Spectra Energy Partners, LP

Website: http://www.spectraenergypartners.com
Contact: Media: Caitlin Currie, +1-713-627-5353, +1-713-627-4747 (24-hour
media line); Analysts: John Arensdorf, +1-713-627-4600
 
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