HOUSTON, March 29 /PRNewswire/ -- Spectra Energy has filed an application with the Federal Energy Regulatory Commission (FERC) to significantly expand the capacity of its proposed natural gas storage facility located in Copiah County, Miss.

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The Copiah Project will increase the working capacity of the proposed salt cavern storage from a currently authorized 3.3 billion cubic feet (Bcf) to 15.5 Bcf of natural gas, enhancing energy reliability and security throughout the eastern United States.

With its strategic location, the Copiah Project will offer customers access to several supply options including growing onshore supply, liquefied natural gas and Gulf of Mexico sources.

The proposed expansion will interconnect Copiah's high deliverability storage facility with Spectra Energy's Texas Eastern Transmission system and, as part of the project, with the proposed Southeast Supply Header Project. This new transportation infrastructure will allow customers to serve markets in the northeastern and southeastern U.S., where demand for natural gas continues to rise.

"We recognize the importance of natural gas storage in balancing the nation's energy needs," said Mark Fiedorek, Spectra Energy's group vice president, southeast transmission and storage. "Expanding the Copiah Project will increase the security and flexibility of natural gas supplies throughout the Southeast while providing new supply options to markets in the Northeast. With more than 265 billion cubic feet of storage capacity, we bring a tremendous amount of experience and expertise to building and operating these facilities safely and responsibly."

Spectra Energy's application seeks to amend its current federal authorization. Proposed facilities include two natural gas storage caverns each with approximately 7.75 Bcf of working capacity; four saltwater disposal wells; four freshwater supply wells; a compressor station; approximately 15 miles of 24-inch diameter pipeline; and two meter stations.

Spectra Energy Corp 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 information.

Forward-Looking Statement

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events. This release includes forward-looking statements concerning future developments at our facilities, including the anticipated timing of planned capital expansions and the estimated capacity resulting from such expansions. Such statements are subject to risks, uncertainties and other factors, many of which are outside our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. Those factors include: the timing and success of efforts to develop storage and other infrastructure projects; the timing and receipt of required regulatory approvals; and operational hazards inherent in the natural gas storage industry. These factors, as well as additional factors that could affect our forward-looking statements, are described under the headings "Risk Factors" and "Forward-Looking Statements" in our Form 10, filed with the Securities and Exchange Commission on December 6, 2006, which is available at the SEC's website at http://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. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media: Gretchen Krueger Spectra Energy (713) 627-4072 (713) 627-4747 (24-hour media line) Analysts: John Arensdorf Spectra Energy (713) 627-4600

CONTACT: Gretchen Krueger, +1-713-627-4072, +1-713-627-4747, 24-hour
media line, or John Arensdorf, +1-713-627-4600, both of Spectra Energy

Web site: http://www.spectraenergy.com/
http://www.sec.gov/