DCP Midstream Partners Announces Management Changes

DENVER, Dec. 17 /PRNewswire-FirstCall/ — DCP Midstream Partners, LP
(NYSE: DPM; the Partnership) today announced that effective January 5, 2009,

Greg K. Smith, vice president, business development of the Partnership’s
general partner, will be moving to DCP Midstream, LLC (DCP Midstream), the
owner of the Partnership’s general partner, to become vice president, gas
supply. Taking Mr. Smith’s role at the Partnership will be Don Baldridge,
currently vice president, corporate development for DCP Midstream, who will be
named vice president, business development for the Partnership’s general
partner.

“I want to thank Greg for his significant contributions and leadership to
the Partnership since its initial public offering in 2005,” said Mark A.
Borer, president and CEO of the Partnership. “Greg has been a key member of
the Partnership’s management team and has been instrumental in the
Partnership’s growth since its inception. We will continue to work closely
with Greg in his new role as he will have gas supply responsibilities for a
number of the Partnership’s assets.”

“We are equally excited about the addition of Don Baldridge to the
Partnership’s management team,” continued Borer. “Don was a member of the
team that put together the Partnership’s IPO in 2005. His knowledge of the
Partnership’s assets, his leadership track record, and experience as a member
of DCP Midstream’s management team will benefit the Partnership as we continue
to execute our strategy.”

Baldridge has been vice president, corporate development of DCP Midstream
since August 2008. Prior to that, he served as senior director, corporate
development and other management positions with DCP Midstream since April
2005. Baldridge has more than 16 years experience in the energy industry,
including commercial, trading and business development activities.

Baldridge earned a B.A. in economics from the University of Virginia and a
M.B.A. from the University of Denver.

DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited
partnership that gathers, processes, transports and markets natural gas and
natural gas liquids and is a leading wholesale distributor of propane. DCP
Midstream Partners, LP is managed by its general partner, DCP Midstream GP,
LLC, which is wholly owned by DCP Midstream, LLC, a joint venture between
Spectra Energy and ConocoPhillips. For more information, visit the DCP
Midstream Partners, LP web site at http://www.dcppartners.com.

SOURCE DCP Midstream Partners, LP