Spectra Energy Partners Announces Plans to Establish a Common Unit Continuous Offering Program

Spectra Energy Partners Announces Plans to Establish a Common Unit Continuous
                               Offering Program

PR Newswire

HOUSTON, June 4, 2013

HOUSTON, June 4, 2013 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP)
(the "Partnership") today announced that it plans to establish a continuous
offering program under which the Partnership may issue and sell from time to
time through a sales agent up to $200 million of common units representing
limited partner interests in the Partnership. The Partnership expects to
initiate this program in the second quarter of 2013 and intends to use the net
proceeds from the offering to fund capital expenditures and acquisitions.
Pending such use, the net proceeds of the offering will be held as cash or
invested in short term securities, or a combination of both.

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

This press release does not constitute an offer to sell or the solicitation of
an offer to buy common units of the Partnership, nor shall there be any sale
of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This release includes "forward-looking statements" within the meaning of
Section27A of the Securities Act of 1933 and Section21E of the Securities
Exchange Act of 1934. Forward-looking statements are based on our beliefs and
assumptions. These forward-looking statements are identified by terms and
phrases such as: anticipate, believe, intend, estimate, expect, continue,
should, could, may, plan, project, predict, will, potential, forecast, and
similar expressions. Forward-looking statements involve risks and
uncertainties that may cause actual results to be materially different from
the results predicted. Factors that could cause actual results to differ
materially from those indicated in any forward-looking statement include, but
are not limited to: state and federal legislative and regulatory initiatives
that affect cost and investment recovery, have an effect on rate structure,
and affect the speed at and degree to which competition enters the natural gas
industries; outcomes of litigation and regulatory investigations, proceedings
or inquiries; weather and other natural phenomena, including the economic,
operational and other effects of hurricanes and storms; the timing and extent
of changes in interest rates; general economic conditions, including the risk
of a prolonged economic slowdown or decline, or the risk of delay in a
recovery, which can affect the long-term demand for natural gas and related
services; potential effects arising from terrorist attacks and any
consequential or other hostilities; changes in environmental, safety and other
laws and regulations; results and costs of financing efforts, including the
ability to obtain financing on favorable terms, which can be affected by
various factors, including credit ratings and general market and economic
conditions; increases in the cost of goods and services required to complete
capital projects; growth in opportunities, including the timing and success of
efforts to develop domestic pipeline, storage, gathering and other
infrastructure projects and the effects of competition; the performance of
natural gas transmission, storage and gathering facilities; the extent of
success in connecting natural gas supplies to transmission and gathering
systems and in connecting to expanding gas markets; the effect of accounting
pronouncements issued periodically by accounting standard-setting bodies;
conditions of the capital markets during the periods covered by the
forward-looking statements; and the ability to successfully complete merger,
acquisition or divestiture plans; regulatory or other limitations imposed as a
result of a merger, acquisition or divestiture; and the success of the
business following a merger, acquisition or divestiture. These factors, as
well as additional factors that could affect our forward-looking statements,
are described in our filings that we make with the SEC, which are available
via the SEC's website at www.sec.gov. In light of these risks, uncertainties
and assumptions, the events described in the forward-looking statements might
not occur or might occur to a different extent or at a different time than we
have described. All forward-looking statements in this release are made as of
the date hereof and we undertake no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.

SOURCE Spectra Energy Partners, LP

Website: http://www.spectraenergypartners.com
Contact: Media & Analysts: Derick Smith, (713) 627-4963
 
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