Union Gas Declares Dividends

CHATHAM, ON, Feb. 20, 2012 /CNW/ - On February 17, 2012, Union Gas Limited declared the following quarterly dividends:

1. 5½% Cumulative Redeemable Class A Preference Shares, Series A:  A quarterly dividend of 68 cents per share payable on March 31, 2012 to shareholders of record at the close of business on March 2, 2012.
2. 6% Cumulative Redeemable Class A Preference Shares, Series B: A quarterly dividend of 75 cents per share payable on March 31, 2012to shareholders of record at the close of business on March 2, 2012.
3. 5% Cumulative Redeemable Class A Preference Shares, Series C:  A quarterly dividend of 62.5 cents per share payable on March 31, 2012to shareholders of record at the close of business on March 2, 2012.

All dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid on or after January 1, 2006 by Union Gas Limited including these dividends are designated eligible dividends pursuant to Subsection 89 (14) of the Income Tax Act (Canada) or similar provincial or territorial legislation. This designation continues to apply in the future unless otherwise notified by Union Gas Limited.  An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit. Union Gas Limited is an indirect subsidiary of Spectra Energy Corp.

About Union Gas Union Gas Limited is a major Canadian natural gas storage, transmission and distribution company based in Ontario with 100 years of experience and service to customers. The distribution business serves about 1.4 million residential, commercial and industrial customers in more than 400 communities across northern, southwestern and eastern Ontario. Union Gas's growing storage and transmission business offers premium storage and transportation services to customers at the Dawn Hub, the largest underground storage facility in Canada and one of the largest in North America.  It offers customers an important link in the movement of natural gas from Western Canadian and U.S. supply basins to markets in central Canada and the northeast U.S. Union Gas, one of Canada's Top 100 Employers for 2012, is a Spectra Energy (NYSE: SE) company with assets of $5.6 billion and approximately 2,200 employees. For more information, visit uniongas.com.

CONTACT:
Andrea Stass
Manager, External Communications and Media Relations
Union Gas Limited
Ph: 519 436-5490 or 1-800-571-8446 ext. 5490
Cell: 519 365-1010
Fax: [phone]
Email: [email protected]