Spectra Energy Selects 2012 Scholarship Recipients

Ten Students to Receive Up to $20,000 Toward Undergraduate Studies in United States or Canada

HOUSTON, May 3, 2012 /CNW/ - Spectra Energy Corp (NYSE: SE) today announced ten children of company employees have been selected to receive up to $5,000 per year in scholarship funds toward undergraduate study at an accredited college or university in the United States or Canada.

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"Educating our workforce of tomorrow is critical to our future," said Greg Ebel, president and chief executive officer, Spectra Energy Corp. "The Spectra Energy Scholars Program is a major component of our commitment to the future, to education and to our employees. This year's scholarship recipients possess a powerful mix of academic excellence, community commitment and drive that will propel them to great heights. We are honored to invest in their future."

As part of the Spectra Energy Scholars Program, scholarship recipients are chosen annually by an independent committee of judges and must be graduating high school/secondary school seniors. The committee selects applicants based on their performance in academics, leadership and participation in school and community activities, honors and awards, work experience and financial need. The scholarships will provide the students up to $20,000 during their four years of undergraduate study.

Two additional students were recognized for their achievements and will each receive a one-time, $2,500 scholarship.

2012 SCHOLARSHIP RECIPIENTS:

Jared Boland of London, ON—A student at Saunders Secondary School and the son of Wendy Boland

Jessieca Brock of Houston, TX—A student at Cypress Ridge High School and the legal dependent of Erika and Brian Young

Trevor Fry of Port Royal, PA—A student at Juniata High School and the son of Tim and Karen Fry

David Gossom II of Houston, TX—A student at Logos Preparatory Academy and the son of Judy and David Gossom

Simon Grottker of Iroquois Falls, ON—A student at Iroquois Falls Secondary School and the son of Steffen and Silke Grottker

Alexandra Kempa of Brantford, ON—A student at Assumption College School and the daughter of Greg and Jackie Kempa

Kylie Keyes of Sudbury, ON—A student at LaSalle Secondary School and the daughter of Ron and Holly Keyes

Jolene Lloyd of North Vancouver, B.C.—A student at Argyle Secondary School and the daughter of Wayne and Wanda Lloyd

Jasmine Luo of Sugar Land, TX—A student at Stephen F. Austin High School and the daughter of Tracy Zhang and Larry Luo

Kate Turner of Oil Springs, ON—A student at Lambton Central Collegiate Vocational Institute and the daughter of Ian and Lynn Turner

ONE-TIME RECIPIENTS:

Lindsey Fahrenthold of Houston, TX—A student at Cypress Falls High School and the daughter of Brian and Pam Fahrenthold

Alyssa Wilson of Cypress, TX—A student at Cypress Ranch High School and the daughter of Kellye and Kevin Mathis and Rob and Maria Wilson

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 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 U.S. S&P 500 Carbon Disclosure Project's Carbon Disclosure Leadership Index. For more information, visit www.spectraenergy.com.

SOURCE Spectra Energy Corp

Media, Regan Kasman, [phone], [phone] (24-hour media line)

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