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Spectra Energy Partners Announces Closing Of Common Unit Offering And Exercise Of Over-Allotment Option

HOUSTON, Nov. 19, 2012 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP) (the "Partnership") announced today that its previously announced public offering of 4,750,000 common units priced at $27.60 per unit has closed.  In addition, the underwriters elected to exercise the full over-allotment option of 712,500 common units, which are expected to be delivered on November 21, 2012.  The Partnership intends to use the net proceeds from the offering for funding capital expenditures and acquisitions. Pending such use, the net proceeds of this offering will be held as cash or invested in short-term securities, or a combination of both.

(Logo:   http://photos.prnewswire.com/prnh/20071107/CLW064)

Wells Fargo Securities, Citigroup, Deutsche Bank Securities, UBS Investment Bank, and Credit Suisse acted as joint book running managers for the offering.  The offering is being made only by means of a prospectus supplement and accompanying base prospectus.  A copy of the prospectus supplement and the accompanying base prospectus for the offering may be obtained from:

Wells Fargo Securities Attn: Equity Syndicate Dept.   375 Park Avenue   New York, New York 10152   Telephone: 800-326-5897Email: cmclientsupport@wellsfargo.com

Citigroupc/o Broadridge Financial Solutions1155 Long Island Avenue Edgewood, NY 11717Telephone: 800-831-9146

Deutsche Bank SecuritiesAttn.: Prospectus Group 60 Wall Street New York, NY 10005-2836Email: prospectus.CPDG@db.com   Telephone: 800-503-4611

UBS Investment BankAttn: Prospectus Department299 Park Avenue New York, New York 10171Telephone: 888-827-7275

Credit SuisseProspectus Department One Madison Avenue New York, NY 10010-3629, USATelephone: 1-800-221-1037

An electronic copy of the prospectus supplement and the accompanying base prospectus is available from the Securities and Exchange Commission's (SEC) Web site at http://www.sec.gov.

The common units were offered pursuant to an effective shelf registration statement the Partnership previously filed with the SEC.

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