Maritimes & Northeast Pipeline Announces Leadership Changes

Oct 28, 2010, 13:00 ET from Spectra Energy Corp

HALIFAX, Nova Scotia and WALTHAM, Mass., Oct. 28 /PRNewswire-FirstCall/ -- Spectra Energy Corp (NYSE: SE), managing partner of Maritimes & Northeast Pipeline (Maritimes), today announced the appointment of William C. Penney as president, Maritimes & Northeast Pipeline. Penney previously served as vice president, business development, northeast transmission for Spectra Energy, and prior to that was an integral part of the initial development, construction and expansion of the Maritimes system.

"Bill has extensive industry experience and in-depth knowledge of Maritimes' operations, our customers and other stakeholders," said Bill Yardley, group vice president, northeast transmission, Spectra Energy. "As a familiar face to many of our stakeholders in Atlantic Canada and the U.S. Northeast, Bill will be an extremely capable leader of Maritimes."

Tina Faraca, currently president, Maritimes & Northeast Pipeline, will be relocating to Houston, Texas, and will assume the role of vice president, strategic development, Spectra Energy.  Faraca has served as president of Maritimes since 2007, and led the Phase IV project, the largest expansion of the Maritimes system.

"I wish to personally thank Tina for her leadership of Maritimes & Northeast Pipeline for the past three years," said Yardley. "Her dedication to safe operations, service excellence and project execution positions Maritimes for continued success in its second decade."

Maritimes & Northeast Pipeline is owned by affiliates of Spectra Energy Corp (77.53 percent), Emera Inc. (12.92 percent) and Exxon Mobil Corporation (9.55 percent). Maritimes is headquartered in Halifax, Nova Scotia, with an additional office in Waltham, Mass. Operations centers are located in Fredericton, New Brunswick; New Glasgow, Nova Scotia; Greenland, New Hampshire; and Richmond, Brewer and Baileyville, Maine. For more information, visit www.mnpp.com.

Spectra Energy Corp, 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 305 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 is a member of the Dow Jones Sustainability World and North America Indexes and the U.S. S&P 500 Carbon Disclosure Project's Leadership Index for both Carbon Performance and Disclosure. For more information, visit www.spectraenergy.com.

SOURCE Spectra Energy Corp



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