News Release

DCP MIDSTREAM LLC TO REVIEW 2013 FINANCIAL PLAN WITH SPECTRA
ENERGY CORP ANALYSTS/INVESTORS ON JAN. 16 IN NEW YORK

DENVER, Jan. 14, 2013 - DCP Midstream LLC will review its 2013 financial plan during Spectra Energy Corp's analyst/investor breakfast meeting at the St. Regis Hotel in New York City on Wednesday, Jan. 16, 2013. Wouter van Kempen, president and CEO of DCP Midstream LLC and CEO of DCP Midstream Partners LP (NYSE: DPM), will deliver remarks regarding both companies and then address audience questions.

The session will be webcast, with the presentation scheduled to begin at 8:30 a.m. Eastern time. The webcast can be accessed via the Investors Section of Spectra Energy's website at www.spectraenergy.com. Interested parties also have the option to call into the discussion by dialing 888-252-3715 in the United States or 706-634-8942 outside the United States. The conference ID is 81493832. An audio replay will be available following the event until 5 p.m. Eastern time, April 16, 2013, by dialing 855-859-2056 or 404-537-3406 with the above conference ID.

DCP Midstream LLC leads the midstream segment as the second-largest natural gas gatherer and processor, the largest natural gas liquids producer and one of the largest marketers in North America. DCP Midstream operates in 18 states across major producing regions. The company is a 50:50 joint venture between Spectra Energy and Phillips 66. It owns the general partner of DCP Midstream Partners LP, a master limited partnership, and provides operational and administrative support to the partnership. DCP Midstream is the largest oil and gas company and the largest private company in Denver, the city of its headquarters, and is the Top Company Winner for Energy/Natural Resources in Colorado as recognized by ColoradoBiz. For more information, visit the DCP Midstream website at www.dcpmidstream.com.

DCP Midstream Partners LP (NYSE: DPM) is a midstream master limited partnership engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream Partners LP is managed by its general partner, DCP Midstream GP LLC, which is wholly owned by DCP Midstream LLC, a joint venture between Spectra Energy and Phillips 66. For more information, visit the DCP Midstream Partners LP website at www.dcppartners.com.

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