TEAM 2013 Expansion to Meet Additional Capacity Needs for Moving Emerging Appalachian and Marcellus Natural Gas Supplies to Northeast Markets

HOUSTON, Nov. 23 /PRNewswire-FirstCall/ -- Spectra Energy Corp's (NY SE: SE) Texas Eastern Transmission, LP (Texas Eastern) today announced an open season for TEAM 2013, a proposed expansion of its existing Texas Eastern system to deliver additional, emerging Appalachian and Marcellus Shale natural gas supplies to premium markets in the U.S. Northeast. The TEAM 2013 open season is in addition to the previously announced TEAM 2012 expansion which will provide customers with up to 300 million cubic feet per day (Mmcf/d) of capacity by the fourth quarter 2012.

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The TEAM 2013 Expansion Project, with an estimated late 2013 in service, will target a capacity expansion of 500 Mmcf/d. The expansion project is not restricted to this target capacity amount and will be scalable and sized to meet customer needs.

Interested shippers will have the opportunity to nominate transportation services from multiple existing and proposed receipt points on the Texas Eastern system within the Appalachian and Marcellus Shale production regions to delivery points across Texas Eastern's market area, offering substantial flexibility and optionality to customers.

"TEAM 2013 will contemplate new, firm incremental transportation capacity of the Texas Eastern facilities with a targeted 2013 in service to accommodate customers' timing and increased transportation capacity needs as their production ramps up," said Bob Riga, general manager, Spectra Energy Transmission.

"As development of the Appalachian and Marcellus production regions increases, Texas Eastern will continue to develop expansion projects, like TEAM 2012 and TEAM 2013, that are timed and sized to meet customer needs, enabling them to address their growth requirements and get their supplies to market," continued Riga.

The open season for the TEAM 2013 Expansion Project will commence Monday, November 23, 2009, and end Friday, January 15, 2010. For information, contact Bob Riga at (412) 928-3654 or Sean Foley, project director, at (617) 560-1359. Additional information also is available at www.spectraenergy.com.

Spectra Energy Corp (NY SE: 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 285 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 was recently ranked by FORTUNE as the world's "most admired" pipeline company. For more information, visit www.spectraenergy.com.

SOURCE Spectra Energy Corp

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