1. SPECTRA ENERGY CORP | SPECTRA ENERGY PARTNERS
BoAML 2013 Global Energy Conference
November 21, 2013

2. Safe Harbor Statement
Some of the statements in this document concerning future company
performance by Spectra Energy and Spectra Energy Partners will be forwardlooking within the meanings of the securities laws. Actual results may
materially differ from those discussed in these forward-looking statements,
and you should refer to the additional information contained in Spectra
Energy’s and Spectra Energy Partners’ annual reports on Form 10-K and other
filings made with the SEC concerning factors that could cause those results to
be different than contemplated in today's discussion.
Reg G Disclosure
In addition, today’s discussion includes certain non-GAAP financial measures
as defined under SEC Regulation G. A reconciliation of those measures to the
most directly comparable GAAP measures is available at spectraenergy.com
and spectraenergypartners.com.
Moving Ahead, Gaining Momentum
BoAML 2013 Global Energy Conference | 2

3. Our Strong Portfolio of Assets
Natural Gas Transmission Pipe: 19,000 mi
Natural Gas Storage Capacity: 300+ Bcf
Natural Gas Gathering Pipe: 68,000 mi
Crude Transmission Pipe: 1,700 mi
NGL Transmission Pipe: 1,800 mi
SE Gas Processing Capacity: 3.7 Bcf/d
3Q13 DCP Gathered and Processed: 6.6 Tbtu/d
3Q13 DCP NGLs Produced: 442 MBbl/d
Distribution Pipe: 39,000 mi
Union Gas Retail Customers: 1.4 million
Moving Ahead, Gaining Momentum
Gas storage facility
Gas processing plant
Propane terminal
NGL storage
Shale gas formations
Crude storage
Major oil pipeline terminal
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4. Spectra Energy Asset Structure
Reporting Segment
Assets in Segment
Gas Transportation & Storage
Spectra Energy
Partners
NYSE: SEP
NYSE: SE
•
•
•
•
•
•
Algonquin Gas Transmission
Big Sandy Pipeline
Bobcat Gas Storage
East Tennessee Natural Gas
Market Hub Partners
Ozark Gas Transmission
•
•
•
•
•
•
Saltville Gas Storage
Texas Eastern Transmission
Maritimes & Northeast, US (78%)
Gulfstream Natural Gas (50%)
Southeast Supply Header (50%)
Steckman Ridge (50%)
Liquids
• Express-Platte Pipeline System
• Southern Hills Pipeline (33%)
• Sand Hills Pipeline (33%)
Distribution
Western Canada
Transmission & Processing
Field Services
Moving Ahead, Gaining Momentum
• Union Gas
•
•
•
•
BC Pipeline
Gathering & Processing
Natural Gas Liquids
Maritimes & Northeast Canada (78%)
• DCP Midstream (50%)
• DCP Midstream Partners
NYSE: DPM
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5. Momentum Driven by Growth Projects
Since 1Q13, achieved significant progress by placing into service or commercially
securing half of $25+ billion in growth projects
$28
$26
$24
On the
horizon
$22
$25+B
~$7+B
~$8+B
• DCP and Western
Canada G&P
• NEXUS
• BC LNG
$20
$18
$16
$14
Advanced
$12
development
~$10-11B
$10
~$5B
$4
In service
$2
$0
*Note: More detailed project descriptions can be found in appendix
Moving Ahead, Gaining Momentum
~$6B
~$7B
$8
$6
In execution*
• Union Gas
• Gulf Coast LNG
• DCP and Western
Canada G&P
• Renaissance
$3+B
1Q13
~$6B
3Q13
•
•
•
•
•
•
•
•
Sabal Trail
AIM
TEAM 2014
Gulf Markets
OPEN
Dawn-Parkway
DCP G&P
Kingsport
• NJ-NY Expansion
• DCP G&P
• Express-Platte
acquisition
• Sand Hills &
Southern Hills
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6. Progress on Projects in
Advanced Development
BC - LNG
Front-end engineering
and design phase
underway; FID 2015-16
W. Canada G&P
Ongoing Montney growth;
longer term, LNG exports
drive G&P growth
Express-Platte
Broad range of
expansion opportunities
under evaluation
NEXUS
Working with partners
to move this cross-border
project into execution
Gulf Coast
Several projects in
development related to
LNG exports & industrial
infrastructure
Moving Ahead, Gaining Momentum
BoAML 2013 Global Energy Conference | 6

7. Financial Flexibility to Efficiently Fund
$25+ Billion in Growth Projects
~$7B
WESTERN
CANADA
$1+B
$2+B
In Service
In Execution
Advanced
Development
On the Horizon
$6B
DISTRIBUTION
CRUDE/LIQUIDS
FIELD
SERVICES
U.S. TRANSMISSION
~$10B
SE Financed
SEP Financed
DCP Financed
Moving Ahead, Gaining Momentum
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8. We are Moving Ahead, Gaining Momentum
WHAT WE HAVE ALREADY ACCOMPLISHED IN 2013…
~$6B
Projects Placed In-Service
~$7B
Projects Secured
~$20B
MLP Structure In Place
…ONGOING FOCUS ON VALUE CREATION BY:
Building out
our current slate of
secured projects and
continued operational
excellence
Moving Ahead, Gaining Momentum
Signing new
customer contracts
for additional
natural gas, NGL, &
crude infrastructure
Realizing new
opportunities
through the full
utilization of our
financial structure
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