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Press release from CNW Group

Westcoast Energy Declares Dividends

Monday, November 08, 2010

Westcoast Energy Declares Dividends17:33 EST Monday, November 08, 2010VANCOUVER, Nov. 8 /CNW/ - On November 8, 2010, Westcoast Energy Inc. ("Westcoast") declared the following quarterly dividends: << 1. 5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7: A dividend of 34.375 cents per share payable on January 15, 2011 to shareholders of record at the close of business on January 1, 2011. 2. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8: A dividend of 35.00 cents per share payable on January 15, 2011 to shareholders of record at the close of business on January 1, 2011. >>All dividends paid or deemed paid for Canadian federal, provincial or territorial income tax purposes to be paid on or after January 1, 2006 by Westcoast including the dividends above 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 Westcoast. An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit.Westcoast is an indirect subsidiary of Spectra Energy Corp.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 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 275 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.For further information: Media: Lise-Ann Jackson, Spectra Energy, (403) 699-1506