Spectra Energy to Kickoff Investor ''Road Show'' on Dec. 11; Meeting to be Webcast

CHARLOTTE, N.C. -- Kicking off a week-long investor "road show," the chairman of Spectra Energy Corp and top management will host an investor meeting on Monday, Dec. 11, 2006, at 7:30 a.m. ET. A live audio Webcast of the kickoff meeting will be available via the Investors section of the Duke Energy Web site at: http://www.duke-energy.com/investors/.

The "road show" is intended to provide additional information to investors regarding Spectra Energy’s business and financial plans once the proposed stand-alone company is spun-off entirely to Duke Energy shareholders, targeted for Jan. 2, 2007.

Participating in Spectra Energy’s kickoff "road show" meeting will be: 

• Paul M. Anderson, slated to become chairman of the board of Spectra Energy;
• Fred J. Fowler, who will be Spectra Energy president and chief executive officer (CEO);
• Martha B. Wyrsch, who will be Spectra Energy Transmission president and CEO; and,
• Gregory L. Ebel, who will be Spectra Energy’s chief financial officer.

On June 28, 2006, Duke Energy announced plans to create two separate publicly traded companies by spinning off Duke Energy’s natural gas businesses into a new company (subsequently named Spectra Energy) to Duke Energy shareholders.  Upon the separation, Spectra Energy will operate primarily in three sectors of the natural gas industry: transmission and storage, distribution, and gathering and processing. The stock is expected to be traded on the New York Stock Exchange under the listing symbol SE.

Duke Energy is a diversified energy company with a portfolio of natural gas and
electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: http://www.duke-energy.com.

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