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Spectra Energy Names New President, CEO

June 30, 2008

Midstream gas company Spectra Energy’s board of directors has announced that Greg Ebel, currently CFO, has been selected to succeed Fred Fowler as president and CEO, upon Mr Fowler’s retirement at the end of 2008.

Mr Ebel has also been elected to Spectra Energy’s board of directors, effective immediately.

Prior to his current role as CFO for Spectra Energy, Mr Ebel served as president of Union Gas, Spectra Energy’s Canadian natural gas distribution company. He has experience in both the finance and energy sectors. He served as Duke Energy’s vice president of investor and shareholder relations during 2002-05 and prior to that, was managing director of mergers and acquisitions.

From 1998 to 2002 Mr Ebel was vice president of strategic development for Westcoast Energy. He has also held senior roles at the World Bank in Washington DC and in the Canadian federal government. He received a bachelor of arts degree from York University, Toronto, and is a graduate of the advanced management program at the Harvard Business School.

Paul Anderson, chairman of Spectra Energy, said: “Some time ago, Fred advised the board of his intention to retire at the end of 2008. We are announcing his successor at this time to allow for a smooth transition and to allow Greg the opportunity to develop the company’s 2009 budget and underlying strategy for 2009 and beyond that he will be responsible for delivering. Fred will continue to be responsible for delivering the company’s 2008 commitments.”




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