Spectra Energy Partners Announces Commencement of Public Offering of Common Units

Spectra Energy Partners Announces Commencement of Public Offering of Common
Units

HOUSTON, May 19 /PRNewswire-FirstCall/ -- Spectra Energy Partners, LP (NYSE:
SEP) (the "Partnership") today announced it has commenced, subject to market
conditions, an underwritten public offering of approximately 9,000,000 of its
common units representing limited partner interests. The Partnership also
intends to grant the underwriters a 30-day option to purchase up to
approximately 1,350,000 additional common units.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071107/CLW064 )

The Partnership intends to use the net proceeds from this offering to repay
borrowings under its credit facility and intercompany credit agreement with
Spectra Energy incurred to fund a portion of the previously announced
acquisition of the ownership interests of NOARK Pipeline System, Limited
Partnership from Atlas Pipeline Partners, L.P.

Morgan Stanley & Co. Incorporated, Barclays Capital Inc., Citigroup Global
Markets Inc. and Credit Suisse Securities (USA) LLC will act as joint book
running managers for the offering. The offering is being made only by means of
a prospectus supplement and accompanying base prospectus. A copy of the
prospectus supplement and accompanying base prospectus related to the offering
may be obtained from the underwriters as follows:

Morgan Stanley & Co. Incorporated
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
Email: prospectus@morganstanley.com
Telephone: 866-718-1649

Barclays Capital Inc.
c/o Broadridge, Integrated Distribution Services
1155 Long Island Avenue
Edgewood, NY 11717
Email: Barclaysprospectus@broadridge.com
Telephone: 888-603-5847

Citigroup Global Markets Inc.
Brooklyn Army Terminal
Attn: Prospectus Delivery Department
140 58th Street
Brooklyn, NY 11220
Telephone: 800-831-9146

Credit Suisse Securities (USA) LLC
Attn: Prospectus Dept.
One Madison Avenue
New York, NY 10010
Telephone: 800-221-1037

An electronic copy of the preliminary prospectus supplement and the
accompanying prospectus are available from the Securities and Exchange
Commission's (SEC) Web site at http://www.sec.gov.

The common units are being offered pursuant to an effective shelf registration
statement that the Partnership previously filed with the SEC.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy the securities described herein, nor shall there be any sale
of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

Forward Looking Statements
This release includes "forward-looking statements" which represent our
intentions, plans, expectations, assumptions and beliefs about future events.
Such statements are subject to risks, uncertainties and other factors, many of
which are outside our control and could cause actual results to differ
materially from the results expressed or implied by those forward-looking
statements. These factors, as well as additional factors that could affect our
forward-looking statements, are described in our filings that we make with the
SEC, which are available at the SEC's Web site at http://www.sec.gov. In light
of these risks, uncertainties and other factors, the events described in the
forward-looking statements might not occur or might occur to a different
extent or at a different time than we have described. We undertake no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

Spectra Energy Partners, LP is a Houston-based master limited partnership,
formed by Spectra Energy Corp (NYSE: SE), that owns interests in natural gas
transportation and storage assets in the United States, including more than
3,100 miles of transmission and gathering pipeline and 42.5 billion cubic feet
(Bcf) of natural gas storage. These assets are capable of transporting 3.25
Bcf of natural gas per day from growing supply areas to high demand markets.

SOURCE Spectra Energy Partners, LP

Media: Wendy Olson, +1-713-627-4072, +1-713-627-4747 (24-hour media line), or
Analysts: Patti Fitzpatrick, +1-713-989-0315, both of Spectra Energy Partners,
LP