HOUSTON, Sept. 4 /PRNewswire-FirstCall/ -- Spectra Energy Corp has been named to the Dow Jones Sustainability Index for North America (DJSI NA), which lists North America's leading, sustainability-driven companies based on a measurement of overall financial, environmental and social performance effective September 22, 2008.

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Launched in 1999, the Dow Jones Sustainability Indices are the first to track financial performance of sustainability-driven companies on a worldwide basis. Corporate sustainability, as defined by the DJSI, is a business approach that seeks to create long-term shareholder value by embracing opportunities and managing risks derived from economic, environmental and social developments.

"Spectra Energy employees work hard every day to make us a leading company. Being named to the Dow Jones Sustainability Index validates these efforts, at all levels of the company," said Fred J. Fowler, president and chief executive officer, Spectra Energy Corp. "We have established a track record of balancing business needs with stakeholder interests, and we continue to believe the integration of economic, environmental and social factors into business strategy can create competitive advantage and deliver superior value to shareholders."

In selecting the top performers in each business sector, DJSI reviews companies on both broad and industry-specific sustainability criteria, assessing performance in areas such as corporate governance, environmental standards, climate change policy, risk management, supply chain standards, labor practices and employee development.

The index is reviewed annually by Dow Jones and the Zurich-based Sustainable Asset Management (SAM) Group.

Later this year, Spectra Energy will issue its first sustainability report, which will highlight the company's responsibilities and performance as they relate to the community, including philanthropy, volunteerism, economic development and stakeholder engagement; the environment, including efforts to minimize its footprint and address climate change; employees, including diversity, health and safety, training and development; and shareholders, focusing not only on economic results, but also corporate governance and ethics.

Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America's premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 18,000 miles of transmission pipeline, 265 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, the largest natural gas gatherer and processor in the United States. For more information, visit www.spectraenergy.com .

SOURCE Spectra Energy Corp