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Press release from PR Newswire

Spectra Energy Corp Announces Management Appointments

Wednesday, October 10, 2012

Spectra Energy Corp Announces Management Appointments07:30 EDT Wednesday, October 10, 2012Senior Leaders' Responsibilities Shift in the U.S. and CanadaHOUSTON, Oct. 10, 2012 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) today announced a number of senior management appointments effective January 1, 2013.   (Logo: http://photos.prnewswire.com/prnh/20061030/CLM051LOGO )The management appointments include the following: Doug Bloom, who currently serves as president of Spectra Energy Transmission West (SET West), will become president of Canadian LNG.  Bloom's proven leadership capabilities will be integral in delivering on a multitude of liquefied natural gas (LNG) opportunities in western Canada, including the recently announced multi-billion dollar joint venture between Spectra Energy and BG Group plc to build a major pipeline to serve a new LNG facility on the west coast of Canada. Bloom will relocate to Vancouver. Mark Fiedorek will become president of SET West, leading the existing western Canadian businesses and continuing the growth of its pipeline and gathering and processing sectors.  Fiedorek, who currently serves as group vice president of Southeast Transmission and Storage in the U.S., has a wealth of operational and commercial experience and a demonstrated ability to grow the pipeline, storage and gathering and processing businesses.  Fiedorek will relocate to Calgary.  He will remain a director of the midstream master limited partnership, DCP Midstream Partners, LP. Bill Yardley will become president of U.S. Transmission and Storage.  Yardley currently leads the northeast U.S. commercial activities and will add the southeast commercial activities to his area of responsibility.  As the growth outlook for U.S. natural gas transmission and storage remains strong, Yardley's experience maintaining and growing the base business as well as delivering on new growth projects will serve customers and investors well. Yardley will remain a director of Spectra Energy Partners, LP.  "Spectra Energy has several billion dollars of projects in execution and more than 20 billion dollars in opportunities through the end of this decade. These senior leaders will help ensure that Spectra Energy is well positioned to develop and execute on the opportunities ahead," said Greg Ebel, president and chief executive officer, Spectra Energy Corp.  "These management changes will allow the company to leverage across the enterprise the substantial experience these senior executives possess, as we continue to grow value for our investors and customers."  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 Carbon Disclosure Project's Global 500 and S&P 500 Carbon Disclosure Leadership Indexes. For more information, visit www.spectraenergy.com.SOURCE Spectra Energy CorpFor further information: Media: Caitlin Currie, +1-713-627-5353, +1-713-627-4747 (24-hour media line), or Analysts: John Arensdorf, +1-713-627-4600