Southeast Supply Header Adds Significant Market Commitments

Southeast Supply Header Adds Significant Market Commitments

Southeast Supply Header, LLC (SESH) has signed three additional shippers to long-term contracts, bringing total commitments to nearly 1 billion cubic feet per day (Bcf/d), the initial proposed capacity on the new natural gas pipeline system that is anticipated to be in service by summer 2008.

Southern Company, Tampa Electric Company and EOG Resources, Inc., have committed to a total of 245 million cubic feet per day (MMcf/d) of capacity on the pipeline that will bring natural gas from east Texas and north Louisiana to U.S. markets needing additional natural gas supply.

With previously announced commitments from Florida Power & Light Company and Progress Energy Florida, SESH’s total subscribed capacity is now 945 MMcf/d. SESH will continue to solicit shipper interest in the remaining capacity and the market need for a future expansion.

SESH filed an application with the Federal Energy Regulatory Commission (FERC) on Dec. 18, 2006, seeking approval to construct, own and operate the pipeline.

The Southeast Supply Header is a joint venture between subsidiaries of CenterPoint Energy, Inc. and Spectra Energy. The 270-mile, 36-inch and 42-inch diameter pipeline will extend from the Perryville Hub in northeast Louisiana to the Gulfstream Natural Gas System, which is 50 percent owned by an affiliate of Spectra Energy. Along the route, SESH will access several major pipelines serving the eastern United States and have access to several storage facilities.

About the Companies

CenterPoint Energy, Inc. (NYSE: CNP – News), headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, and pipeline and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. Through subsidiaries, the company owns and operates two interstate natural gas pipelines, CenterPoint Energy Gas Transmission Company and CenterPoint Energy-Mississippi River Transmission Corporation. Assets total approximately $17 billion. With about 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 130 years. For more information, visit the Web site at

Spectra Energy Corp (NYSE: SE – News) is one of North America’s premier pure play natural gas midstream companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage and distribution. For close to a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related energy infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 17,500 miles of transmission pipeline, 250 billion cubic feet of storage, natural gas gathering and processing, natural gas liquids operations and local distribution assets. Spectra Energy Corp also has a 50 percent ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the United States. Visit for more information.

Forward-looking statement

This news 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. The statements in this news release regarding future events and other statements that are not historical facts are forward-looking statements. Although CenterPoint Energy and Spectra Energy believe that their respective expectations of future events as set forth in this release are based on reasonable assumptions, neither CenterPoint Energy nor Spectra Energy can give assurance that anticipated results will be achieved or that anticipated events will occur. Actual events and results may differ materially from those projected. Important factors that could cause actual results to differ materially from those in the forward-looking statements of CenterPoint Energy herein are discussed in CenterPoint Energy’s and its subsidiaries Form 10-Ks for the year ended Dec. 31, 2005, and Form 10-Qs for the quarters ended March 31, June 30 and Sept. 30, 2006, and other filings with the Securities and Exchange Commission. Important factors that could cause actual results to differ materially from those in the forward-looking statements of Spectra Energy herein are discussed in Spectra Energy’s Form 10, as amended, filed on December 6, 2006, and other filings with the Securities and Exchange Commission.

Source: Spectra Energy Corp; CenterPoint Energy, Inc.

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