Spectra Energy Partners' East Tennessee Natural Gas Files Initial Greenway Project Expansion with FERC

HOUSTON, May 1 /PRNewswire-FirstCall/ -- East Tennessee Natural Gas, LLC (ETNG), a subsidiary of Spectra Energy Partners, LP (NYSE:SEP) today filed an application for the Greenway/Nora Expansion Project with the Federal Energy Regulatory Commission (FERC) to transport up to 50 million cubic feet per day (Mmcf/d) of Appalachian natural gas. This project is the first in a series of opportunities resulting from the Greenway Project open season.

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The Greenway/Nora Expansion Project will move additional Appalachian supplies from ETNG's Nora Lateral supply point to various delivery points on the ETNG system including its key Mid-Atlantic interconnect point at Cascade Creek, North Carolina. The project is substantially subscribed under long term agreements with a variety of shippers including producers and local distribution companies.

The Greenway/Nora Expansion Project will be constructed entirely within ETNG's existing facilities footprint through the addition of 5.65 miles of 24- inch pipeline replacement in Virginia and various meter interconnect upgrades. The estimated cost of the project is $18.9 million.

To meet its customers' needs, ETNG is seeking authorization under the FERC's prior notice regulations such that facilities may be completed and service commence by December 1, 2008.

"The Greenway/Nora Expansion Project exemplifies ETNG's ability to quickly meet market requirements with economic and reliable transportation solutions," said Greg Harper, president and chief executive officer of Spectra Energy Partners. "As with each of Spectra Energy Partner's assets, ETNG has tremendous organic growth opportunities which will continue to fuel our distributable cash flow."

ETNG continues to develop the project scope and negotiate definitive agreements related to the 900 Mmcf/d of bids for expansion capacity received in ETNG's Greenway Project non-binding open season which concluded in February.

Spectra Energy Partners, LP (NYSE:SEP) is a Delaware master limited partnership that owns interests in natural gas transportation and storage assets in the United States. Spectra Energy Partners' assets include the East Tennessee Natural Gas system, a 1.3 Bcf per day, 1,400-mile natural gas transportation pipeline located in the Southeastern United States, and Saltville Gas Storage, a 5.5 Bcf working capacity natural gas storage facility located adjacent to the ETNG system in Virginia. Spectra Energy Partners also owns 24.5 percent of Gulfstream Natural Gas System, L.L.C., which owns a 1.1 Bcf per day, 690-mile natural gas pipeline that connects Mobile Bay to the central Florida peninsula through the Gulf of Mexico, and 50 percent of Market Hub Partners, which owns high deliverability salt cavern storage assets capable of storing 35 Bcf of natural gas. Visit www.spectraenergypartners.com for more information.

Forward Looking Statements

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events. This release includes forward-looking statements concerning future developments at our facilities, including the anticipated timing of planned capital expansions, and anticipated future demand for natural gas pipeline capacity. 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. Those factors include: the timing and success of efforts to develop infrastructure projects; the timing and receipt of required regulatory approvals; the timing and receipt of sufficient capacity commitments for the described project; and fluctuations in the demand for natural gas in the markets serviced by the described project. 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 website at www.sec.gov. In light of these risks, uncertainties and assumptions, 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.

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Source: Spectra Energy Partners, LP

CONTACT: Sean Blakley, Spectra Energy Partners, LP, +1-713-627-4963

Web site: http://www.spectraenergypartners.com/

2008-05-01 18:35:57 0351099 PRNEWSWIRE