HOUSTON, Oct. 24 /PRNewswire-FirstCall/ -- Spectra Energy Partners, LP (NYSE:SEP) today announced that the board of directors of its general partner declared a third quarter cash distribution to unitholders of $.30 per unit for the period beginning with the closing of the initial public offering on July 2, 2007 through September 30, 2007. The cash distribution is payable on November 14, 2007 to unitholders of record at the close of business on November 2, 2007. This quarterly cash distribution equates to $1.20 per unit on an annual basis. (Logo: http://www.newscom.com/cgi-bin/prnh/20061030/CLM051LOGO ) Spectra Energy Partners, LP 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 1,400-mile natural gas transportation pipeline located in the Southeastern United States, and 24.5 percent of Gulfstream Natural Gas System, L.L.C., which owns a 690-mile natural gas pipeline that connects Mobile Bay to the central Florida peninsula through the Gulf of Mexico. The combined systems are capable of transporting 2.4 billion cubic feet (Bcf) of natural gas per day. Spectra Energy Partners also owns 50 percent of Market Hub Partners, a partnership that owns high deliverability salt cavern storage assets capable of storing 35 Bcf of natural gas. Visit http://www.spectraenergypartners.com/ for more information. http://www.newscom.com/cgi-bin/prnh/20061030/CLM051LOGO http://photoarchive.ap.org/ DATASOURCE: Spectra Energy Partners, LP CONTACT: Media & Analysts, Sean Blakley, Spectra Energy Partners, LP, +1-713-627-4963 Web site: http://www.spectraenergy.com/ http://www.spectraenergypartners.com/

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