Document:

Transition Services Agreement

 EXHIBIT 10.2 
 EXECUTION COPY 
 TRANSITION SERVICES AGREEMENT 
 by and between 
 DUKE ENERGY
CORPORATION 
 and  
 SPECTRA ENERGY CORP 
 Dated as of December 13, 2006 

 TRANSITION SERVICES AGREEMENT 
 THIS TRANSITION SERVICES AGREEMENT (this “Agreement”) is entered into as of December 13, 2006, by and between Duke Energy
Corporation, a Delaware corporation (“Duke Energy”), and Spectra Energy Corp (f/k/a Gas SpinCo, Inc.), a Delaware corporation (“Spectra Energy”), each a “Party” and together, the
“Parties”. 
 R E C I T A L S: 
 WHEREAS, Duke Energy, acting through its direct and indirect subsidiaries, currently conducts a number of businesses, including (i) the Gas Business, and (ii) the Power Business; 
 WHEREAS, the Board of Directors of Duke Energy has determined that it is appropriate, desirable and in the best interests of Duke Energy and its
stockholders to separate Duke Energy into two separate, independent and publicly traded companies: (i) one comprising the Gas Business, which shall be owned and conducted, directly or indirectly, by Spectra Energy, and (ii) one comprising
the Power Business which shall continue to be owned and conducted, directly or indirectly, by Duke Energy; 
 WHEREAS, to effect this
separation the Parties entered into that certain Separation and Distribution Agreement dated as of even date hereof (as amended or otherwise modified from time to time, the “Separation Agreement”); 
 WHEREAS, Duke Energy and Spectra Energy desire that if (but only if) the Distribution occurs, Duke Energy will provide to Spectra Energy and its
subsidiaries during the relevant Services Term, directly or through Duke Energy’s Affiliates or subcontractors, the Duke Energy Services, all in accordance with the terms and subject to the conditions set forth in this Agreement; and

 WHEREAS, Duke Energy and Spectra Energy desire that if (but only if) the Distribution occurs, Spectra Energy will provide to Duke Energy
and its subsidiaries during the relevant Services Term, directly or through Spectra Energy’s Affiliates or subcontractors, the Spectra Energy Services, all in accordance with the terms and subject to the conditions set forth in this Agreement.

 NOW, THEREFORE, in consideration of the foregoing premises, the mutual promises and covenants hereinafter set forth, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 
  

	1.	Definitions. 

 As used in this Agreement, the following capitalized
terms shall have the following meanings: 
 “Action” shall have the meaning set forth in the Separation Agreement.

 “Additional Service” shall have the meaning set forth in Section 2.8(b). 
  

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 “Affiliate” shall have the meaning set forth in the Separation Agreement. 
 “Agreement” shall have the meaning set forth in the preamble hereof. 
 “Agreement Dispute” shall have the meaning set forth in Section 12. 
 “Ancillary Agreement” shall have the meaning set forth in the Separation Agreement. 
 “Auditing Entity” shall have the meaning set forth in Section 9.3. 
 “Business” shall mean the Gas Business or the Power Business, as applicable. 
 “Business Day” shall have the meaning set forth in the Separation Agreement. 
 “Confidential Information” shall have the meaning set forth in the Separation Agreement. 
 “Contract” shall have the meaning set forth in the Separation Agreement. 
 “Default Interest Rate” shall have the meaning set forth in Section 3.1(c). 
 “Distribution” shall have the meaning set forth in the Separation Agreement. 
 “Distribution Date” shall have the meaning set forth in the Separation Agreement. 
 “Due Date” shall have the meaning set forth in Section 3.1(b). 
 “Duke Energy” shall have the meaning set forth in the preamble hereof. 
 “Duke Energy Group” shall have the meaning set forth in the Separation Agreement. 
 “Duke Energy Project Manager” shall have the meaning set forth in Section 2.10. 
 “Duke Energy Services” shall mean the limited enumerated services described on Schedule A-1, Schedule A-2, Schedule
A-3 of the Schedules to Transition Services Agreement document attached hereto and each next consecutive Schedule A through and including Schedule A-46 included therein. 
 “Duke Energy Trademarks” shall have the meaning set forth in Section 13.2(a). 
 “Effective Time” shall have the meaning set forth in the Separation Agreement. 
 “FERC” shall mean the U.S. Federal Energy Regulatory Commission, or its successor agency. 
 “Fee” or “Fees” shall have the meaning set forth in Section 3.1(a). 
 “Force Majeure” shall have the meaning set forth in the Separation Agreement. 
 “Gas Business” shall have the meaning set forth in the Separation Agreement. 
  

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 “Governmental Approvals” shall have the meaning set forth in the Separation Agreement.

 “Governmental Entity” shall have the meaning set forth in the Separation Agreement. 
 “Group” shall mean either the Duke Energy Group or the Spectra Energy Group, as applicable. 
 “Law” shall have the meaning set forth in the Separation Agreement. 
 “Liabilities” shall have the meaning set forth in the Separation Agreement. 
 “New York Courts” shall have the meaning set forth in Section 15.16. 
 “Omitted Service” shall have the meaning set forth in Section 2.8(a). 
 “Party” shall have the meaning set forth in the preamble hereof. 
 “Person” shall have the meaning set forth in the Separation Agreement. 
 “Power Business” shall have the meaning set forth in the Separation Agreement. 
 “Prime Rate” shall have the meaning set forth in the Separation Agreement. 
 “Separation Agreement” shall have the meaning set forth in the recitals hereto. 
 “Service” shall mean any of the Spectra Energy Services and the Duke Energy Services, as applicable. 
 “Service Provider” shall mean Duke Energy with respect to the Duke Energy Services, and Spectra Energy with respect to the Spectra
Energy Services. 
 “Service Recipient” shall mean Spectra Energy with respect to the Duke Energy Services, and Duke Energy
with respect to the Spectra Energy Services. 
 “Services Group” shall mean any Services or group of Services identified on
one Schedule attached to this Agreement and for which Service or group of Services a single, separate Fee is specified on such Schedule. 
 “Services Term” shall have the meaning set forth in Section 4.1. 
 “Spectra Energy” shall
have the meaning set forth in the preamble hereof. 
 “Spectra Energy Group” shall have the meaning set forth in the
Separation Agreement. 
 “Spectra Energy Project Manager” shall have the meaning set forth in Section 2.10. 

“Spectra Energy Services” shall mean the limited enumerated services described on Schedule B-1, Schedule B-2,
Schedule B-3 of the Schedules to Transition Services Agreement document attached hereto and each next consecutive Schedule B through and including Schedule B-14 included therein. 
  

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 “Subsidiary” shall have the meaning set forth in the Separation Agreement. 

“TM License Period” shall have the meaning set forth in Section 13.2(a). 
  

	2.	Services. 

 2.1 Scope of Services.

 (a) Spectra Energy hereby retains Duke Energy to provide, and Duke Energy hereby agrees to provide, the Duke Energy Services to Spectra
Energy or any of its subsidiaries, as designated by Spectra Energy, during the relevant Services Term. 
 (b) Duke Energy hereby retains
Spectra Energy to provide, and Spectra Energy hereby agrees to provide, the Spectra Energy Services to Duke Energy or any of its subsidiaries, as designated by Duke Energy, during the relevant Services Term. 
 (c) Notwithstanding anything to the contrary in this Agreement, (i) the Duke Energy Services shall be available to Spectra Energy or any of its
subsidiaries only for the purposes of conducting the Gas Business substantially in the same manner and places as it was conducted immediately prior to the Effective Time; and (ii) the Spectra Energy Services shall be available to Duke Energy or
any of its subsidiaries only for the purposes of conducting the Power Business substantially in the same manner and places as it was conducted immediately prior to the Effective Time. 
 2.2 Provision of Services. The Duke Energy Services may be directly provided by Duke Energy or may be provided through any of its Affiliates or
subcontractors, and the Spectra Energy Services may be directly provided by Spectra Energy or may be provided through any of its Affiliates or subcontractors. 
 2.3 No Financing to Services Recipient. In no event shall a Service Provider or its Affiliates be required to (i) lend any funds to a Service Recipient or its Affiliates, (ii) expend funds for any
additional equipment or material or property (real or personal) on behalf of Service Recipient, or (iii) make any payments or disbursements on behalf of Service Recipient, except to the extent Service Recipient has previously delivered to
Service Provider sufficient funds to make any such expenditures, payment or disbursement. 
 2.4 No Assumption or Modification of
Obligations. Nothing herein shall be deemed to (i) constitute the assumption by Service Provider or any of its Affiliates, or the agreement to assume, any duties, obligations or liabilities of Service Recipient or its Affiliates whatsoever;
or (ii) alter, amend or otherwise modify any obligation of Duke Energy or Spectra Energy under the Separation Agreement. 
  

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 2.5 Application of Resources. Unless otherwise expressly required under the terms of any relevant
Schedule hereto or the Separation Agreement, or otherwise agreed to by the Parties in writing, in providing the Services, Service Provider or its Affiliates shall not be obligated to: (i) expend funds and other resources beyond levels that would be
customary and reasonable for any other nationally recognized service provider to perform services that are similar to the relevant Services; (ii) maintain the employment of any specific employee or subcontractor; (iii) purchase, lease or
license any additional (measured as of the even date hereof) equipment or materials (expressly excluding any renewal or extension of any leases or licenses required for Service Provider to perform the relevant Services during the relevant Services
Term); or (iv) pay any of Service Recipient’s costs related to its or any of its Affiliates’ receipt of the Services. 
 2.6
Performance of Services. Subject to the other terms (i) in this Agreement setting forth and circumscribing Service Provider’s performance obligations hereunder (including in Sections 2.1, 2.2, 2.3, 2.5, 2.7, 2.8, 2.9 and 6, and
(ii) in the relevant Schedules hereto, each Service Provider shall perform, or cause the applicable members of its Group to perform, the Services required to be provided by it hereunder in a manner specifically described in the relevant
Schedules hereto, or, to the extent not so described in such Schedules, in a manner that is substantially the same in nature, accuracy, quality, completeness, timeliness, responsiveness and efficiency with how such relevant Services have been
rendered to the Gas Business by Duke Energy (or any of its subsidiaries) prior to the Effective Time, or to the Power Business by Spectra Energy (or any of its subsidiaries) prior to the Effective Time. 
 2.7 Transitional Nature of Services; Changes. The Parties acknowledge the transitional nature of the Services and agree that notwithstanding
anything to the contrary herein, each Service Provider may make changes from time-to-time in the manner of performing the Services if such Service Provider is making similar changes in performing similar services for itself and/or its Affiliates;
provided that Service Provider must provide Service Recipient with at least thirty (30) days prior written notice of such changes. 
 2.8 Omitted Services; Additional Services; Extension of Services Terms. 
 (a) Omitted
Services. If, after the Distribution Date and prior to December 31, 2007, a Party identifies a service that the other Party (or a member of such other Party’s Group) previously provided to such first Party (or any of its subsidiaries)
prior to the Distribution Date, but such service was inadvertently omitted from inclusion in the Services to be received by such first Party under this Agreement (an “Omitted Service”), then, upon the prior written consent of the
Party that would be Service Provider of such Omitted Service (which consent shall not be unreasonably withheld), such Omitted Service shall be added and considered as part of the Services to be provided by such Service Provider. The Parties shall
cooperate and act in good faith to reach agreement on the fees and other specific terms and conditions applicable to such Omitted Service, provided that if such Omitted Service is substantially similar to any other Service provided by
Services Provider under this Agreement, such fees and other specific terms and conditions shall be substantially similar to the fees and other specific terms and conditions applicable to such other Services, and provided, further,
that a 15% surcharge shall be added to any fees applicable to an Omitted Service. Upon the Parties agreement on the fees and other specific terms and conditions applicable to an Omitted Service, the Parties shall execute an amendment to this
Agreement that provides for the substitution of the relevant Schedule, or additions of supplements to the relevant Schedule, in order to describe such Omitted Service and the agreement upon the related fees and other specific terms and conditions
applicable thereto. 
  

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 (b) Additional Services; Extension of Services Terms. In the event that the Parties identify and
agree upon (i) an additional service to be provided under this Agreement, as well as the related fees and other specific terms and conditions applicable thereto (an “Additional Service”), or (ii) an extension of any
particular Service Term for any Services Group, as well as the related fees and other specific terms and conditions applicable thereto, the Parties shall execute an amendment to this Agreement that provides for the substitution of the relevant
Schedule, or additions of supplements to the relevant Schedule, in order to describe such Additional Service or extension, and the agreed upon related fees and other specific terms and conditions applicable thereto. 
 2.9 Impracticability. Subject to the provisions of Section 2.11, Service Provider shall not be required to provide any Service to the extent:
(A) that the performance of the Services would (i) require Service Provider or any of its Affiliates to violate any applicable Laws (including any applicable codes or standards of conduct established by FERC or any other Governmental
Entity with respect to their activities subject to the jurisdiction of FERC or such other Governmental Entity) or any internal policy reasonably adopted in order to comply with any applicable Laws; (ii) result in the breach of any software
license, lease, or other Contract; or (iii) require prior approval of a Governmental Entity (except to the extent such approval has already been obtained); or (B) provided under Section 15.20. 
 2.10 Project Managers. Duke Energy shall designate to Spectra Energy at least one individual to whom all of Spectra Energy’s communications
may be addressed with respect to the Duke Energy Services and who has authority to act for and bind Duke Energy in all aspects with respect to the Duke Energy Services (the “Duke Energy Project Manager”). Spectra Energy shall
designate to Duke Energy at least one individual to whom all of Duke Energy’s communications may be addressed with respect to the Spectra Energy Services and who has authority to act for and bind Spectra Energy in all aspects with respect to
the Spectra Energy Services (the “Spectra Energy Project Manager”). The initial Duke Energy Project Manager designated by Duke Energy shall be Sean Trauschke and the initial Spectra Energy Project Manager designated by Spectra
Energy shall be Greg Harper. Notwithstanding the foregoing in this Section 2.10, the Parties acknowledge and agree that with respect to ordinary course of business communications between the Parties regarding any relevant Service falling within
any Services Group, such communications shall take place between each Party’s representative (or his or her designee) identified under the caption “CONTACTS” on the Schedule hereto that includes such Services Group. 
 2.11 Cooperation. In the event that there is nonperformance of any Service as a result of (i) a Force Majeure event described in
Section 15.20, or (ii) impracticability pursuant to Section 2.9, the Parties agree to work together in good faith to arrange for an alternative means by which the applicable Service Recipient may obtain, at its sole cost and expense,
the Service so affected. The Parties and the members of their respective Groups shall cooperate with each other in connection with the performance of the Services, including producing on a timely basis all Contracts, documents and other information
that is reasonably requested with respect to the performance of Services; provided, however, that such cooperation shall not unreasonably disrupt the normal operations of the Parties and the members of their respective Groups; and
provided, further, however the Party requesting cooperation shall pay all reasonable out-of-pocket costs and expenses incurred by the Party or any members of its Group furnishing such requested cooperation, unless otherwise
expressly provided in this Agreement or the Separation Agreement. 
  

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	3.	Pricing. 

 3.1 Fees. 
 (a) Fees. In consideration of Service Provider’s performance of the relevant Services, Service Recipient shall pay to Service Provider the
fees prescribed on the relevant Schedules hereto (individually a “Fee” and collectively the “Fees”); provided that, in the event Service Recipient has not caused itself or its Affiliates, as
applicable, to obtain such relevant Service from an alternative third party service provider and/or otherwise terminated the provision of such relevant Service by the date that is 180 days after the Distribution Date, then the Fee applicable to such
Service shall be increased by 10% for the remainder of the applicable Services Term. 
 (b) Invoices; Payment Procedures. Service
Provider shall invoice Service Recipient on a monthly basis for all Fees accrued with respect to the prior month. Fees shall be payable by Service Recipient within thirty (30) days after Service Recipient’s receipt of an invoice (the
“Due Date”). All amounts (i) payable pursuant to the terms of this Agreement shall be paid to Service Provider as directed by Service Provider, and (ii) due and payable hereunder shall be invoiced and paid in U.S. dollars,
except as may be expressly provided in any relevant Schedule hereto. A Service Recipient’s obligation to make any required payments under this Agreement shall not be subject to any unilateral right of offset, set-off, deduction or counterclaim,
however arising. 
 (c) Interest. In the absence of a timely notice of billing dispute in accordance with the provisions of
Section 3.2, amounts not paid on or before the Due Date shall be payable with interest, accrued at the then effective Prime Rate plus 2% (the “Default Interest Rate”) (or the maximum legal rate whichever is lower), calculated
for the actual number of days elapsed, accrued from the Due Date until the date of the actual receipt of payment. 
 (d) Taxes. If any
Governmental Entity shall impose a tax on the Services rendered to a Service Recipient or its subsidiaries by Service Provider hereunder, Service Recipient agrees to pay, or remit to Service Provider so that Service Provider may pay, the amount of
such tax imposed on the Services rendered to Service Recipient or its subsidiaries by Service Provider under this Agreement. Notwithstanding anything to the contrary contained in this Agreement, Service Recipient shall have no liability for, and
shall not be obligated to pay for, any property taxes of any kind or type applicable to the property of Service Provider or any of its subsidiaries or any income taxes of any kind or type applicable to the income of Service Provider or any of its
subsidiaries, except as may be expressly provided in any relevant Schedule hereto. 
 3.2 Payment Disputes. In the event that Service
Recipient disputes any invoice or portion thereof, Service Recipient shall provide Service Provider prior to the Due Date written notice of the disputed amounts, together with a statement of the particulars of the dispute, including the calculations
with respect to any errors or inaccuracies claimed. Should Service Recipient fail to provide timely evidence of the invoice errors claimed on or before the Due 

  

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Date, the disputed amounts shall be owed with interest at the Default Interest Rate from the Due Date until payment is received. Should Service Recipient
provide the required information on or before the Due Date, Service Provider shall make a determination on the dispute no later than thirty (30) days from the Due Date. If Service Recipient has (i) underpaid the amount actually due,
Service Recipient shall remit any amount due plus interest at the Default Interest Rate from the Due Date until paid within five (5) Business Days after receipt of the determination from Service Provider, or (ii) overpaid the amount
actually due, Service Provider shall remit to Service Recipient any refund within five (5) Business Days after determination of such overpayment plus interest at the Default Interest Rate on such refund from the date Service Provider received
the overpayment until refunded. Notwithstanding any disputed invoice or portion thereof, Service Recipient shall nevertheless pay when due any undisputed amount of such invoice to Service Provider. 
 3.3 Expenses. In addition to the payment of all Fees, Service Recipient shall reimburse Service Provider for all reasonable out-of-pocket costs
and expenses incurred by Service Provider or its Affiliates in connection with providing the Services (including all travel-related expenses) to the extent that such costs and expenses are not reflected in the Fees for such Services;
provided, however, any such expenses exceeding $10,000 per month for any Services Group (other than routine business travel and related expenses) shall require advance approval of Service Recipient. Any travel-related expenses incurred
in performing the Services shall be incurred and charged to Service Recipient in accordance with Service Provider’s then applicable business travel policies. 
  

	4.	Services Term; Termination. 

 4.1 Services
Term. The performance of the Services shall commence on the Distribution Date and, unless earlier terminated pursuant to Section 4.2 or 4.3, shall terminate on the earlier of (i) December 31, 2007, or (ii) such earlier date
as may be expressly provided for in the relevant Schedule hereto (the “Services Term”). 
 4.2 Termination. This
Agreement or any specific Services Group, as specified below in this Section 4.2, may be terminated prior to the expiration of the relevant Services Term only as follows: 
 (a) with respect to all Duke Energy Services in any Services Group, by Spectra Energy by giving a termination notice to Duke Energy, provided
that (i) the termination will be effective as of the last day of the calendar month immediately following the calendar month in which Duke Energy receives such termination notice, and (ii) Spectra Energy shall reimburse Duke Energy
for any and all costs and expenses incurred by Duke Energy or any of its subsidiaries as a result of such early termination by Spectra Energy, including internal demobilization or incremental, unplanned severance costs, and early termination fees
and other costs incurred in order to terminate or reduce the level of services provided by third parties under Contracts with Duke Energy or any of its subsidiaries, which services are affected by such early termination, such reimbursement to be due
and payable on the Due Date following Spectra Energy’s receipt of any invoice from Duke Energy with respect to such costs and expenses, or, if there are no more Due Dates, within thirty (30) days of Spectra Energy’s receipt of such
invoice; 
  

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 (b) with respect to all Spectra Energy Services in any Services Group, by Duke Energy by giving a
termination notice to Spectra Energy, provided that (i) the termination will be effective as of the last day of the calendar month immediately following the calendar month in which Spectra Energy receives such termination notice,
and (ii) Duke Energy shall reimburse Spectra Energy for any and all costs and expenses incurred by Spectra Energy or any of its subsidiaries as a result of such early termination by Duke Energy, including internal demobilization or incremental,
unplanned severance costs, and early termination fees and other costs incurred in order to terminate or reduce the level of services provided by third parties under Contracts with Spectra Energy or any of its subsidiaries, which services are
affected by such early termination, such reimbursement to be due and payable on the Due Date following Duke Energy’s receipt of any invoice from Spectra Energy with respect to such costs and expenses, or, if there are no more Due Dates, within
thirty (30) days of Duke Energy’s receipt of such invoice; 
 (c) with respect to all Services included in any Services Group that
is adversely affected by a breach, by the non-breaching Party if the other Party fails to observe or perform in any material respect any term, obligation, or condition of this Agreement and the defaulting Party does not cure such failure within
fifteen (15) days after written demand by the first Party, provided that if the defaulting Party begins promptly and diligently to cure such breach in accordance with this provision and such breach is not capable of being cured
within such 15-day period, the defaulting Party shall have up to an additional fifteen (15) days to cure such breach if it demonstrates that it is reasonably capable of curing such breach within such additional 15-day period; 
 (d) with respect to the entire Agreement, by either Party if the other Party makes a general assignment for the benefit of creditors, or files a
voluntary petition in bankruptcy or for reorganization or rearrangement under the bankruptcy laws, or if a petition in bankruptcy is filed against such other Party and is not dismissed within thirty (30) days after the filing, or if a receiver
or trustee is appointed for all or a material portion of the property or assets used by the other Party to perform Services hereunder; or 
 (e) with respect to all Services included in any Services Group that is adversely affected by a Force Majeure, by either Party if Service Provider fails to perform in any material respect its obligation to perform any Services within such
Services Group as a result of circumstances of Force Majeure and such Force Majeure continue to exist for at least sixty (60) consecutive days. 
 4.3 Rights and Obligations Upon Termination. Upon expiration of the Services Term or in the event of a termination pursuant to Section 4.2, no Party, nor any of its Affiliates, shall have any liability or
further obligation to any other Party or any of its Affiliates pursuant to this Agreement, except: (i) that the provisions of Sections 3 (to the extent of amounts accrued thereunder through the date of such expiration or termination), 4,
5, 6, 9, 11, 12, 13, 14 and 15 (as well as in each case associated defined terms) shall survive any such expiration or termination and not be extinguished thereby; and (ii) any Party nevertheless shall be entitled to seek any remedy to which it
may be entitled at law or in equity for the violation or breach by the other Party of any agreement, covenant, representation, warranty, or indemnity contained in this Agreement that occurs prior to such expiration or termination. 
  

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	5.	Return of Leased Property or Licensed Software. 

 Service Recipient
shall be liable for all costs and expenses incurred by Service Provider or any of its subsidiaries resulting from any delay or failure of Service Recipient to return to Service Provider or any licensor, as applicable, any leased property or licensed
software that is included as part of the Services provided to such Service Recipient upon (i) the termination of the relevant Services as provided herein, or (ii) the expiration of the term of the applicable lease or license, provided that
Services Provider has provided Service Recipient with at least sixty (60) days prior written notice of such expiration. 
  

	6.	Disclaimer of Representations and Warranties. 

 EXCEPT AS EXPRESSLY PROVIDED IN SECTION 2.6, SECTION 15.22, OR OTHERWISE IN
ANY SCHEDULE HERETO, EACH PARTY ACKNOWLEDGES AND AGREES (I) THAT ALL SERVICES
ARE PROVIDED BY SERVICE PROVIDER ON AN “AS IS” BASIS, AND (II)
THAT NEITHER SERVICE PROVIDER NOR ANY MEMBER OF ITS GROUP MAKES ANY
REPRESENTATIONS OR WARRANTIES, WHETHER STATUTORY, EXPRESS, OR IMPLIED, TO SERVICE
RECIPIENT OR ANY OF ITS AFFILIATES WITH RESPECT TO THE SERVICES, ANY
EQUIPMENT OR MATERIALS PROVIDED UNDER THIS AGREEMENT, OR OTHERWISE HEREUNDER,
INCLUDING ANY WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, OR
ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE.  
  

	7.	Effective Time. 

 This Agreement shall be effective as of the
Effective Time. 
  

	8.	Internal Controls and Procedures. 

 In addition to the record
retention requirements of the Separation Agreement, with respect to the Services for which each Service Provider is responsible, such Service Provider shall maintain and comply with such internal controls and procedures as are necessary to comply
with the Sarbanes-Oxley Act of 2002 or as otherwise agreed by the Parties to be implemented by the Parties to comply with internal controls and procedures or applicable Law. In the event a Service Recipient requires a change to the internal controls
or procedures, or requires the implementation of additional internal controls or procedures, related to the Services required to be provided to such Service Recipient in order for such Service Recipient to comply with changes to applicable Law,
Service Provider shall change or add to such Service Provider’s internal controls or procedures related to such Services as reasonably requested by such Service Recipient; provided, however, in connection with a Service Provider
changing or adding to internal controls or procedures as required by the foregoing, Service Recipient shall pay for any and all additional costs and expenses associated with the implementation or maintenance of the applicable change or addition;
provided, further, however, that if such change or addition is required for the compliance by both Parties with a Law applicable to both Parties, the Parties shall negotiate in good faith an equitable sharing of the costs and
expenses associated with such change or addition. 
  

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	9.	Books and Records; Audits. 

 9.1 Books and
Records. Each Party shall keep and maintain books, records, accounts and other documents sufficient to reflect accurately and completely the transactions conducted, and all associated costs incurred, pursuant to this Agreement. Such records
shall include receipts, invoices, memoranda, vouchers, inventories, timesheets and accounts pertaining to the Services, as well as complete copies of all contracts, purchase orders, service agreements and other such arrangements entered into in
connection therewith. 
 9.2 Audit of Performance. Each Party shall have access to and the right to inspect all records maintained by
the other Party directly related to the Services, as is reasonably necessary for the purposes of verifying the other Party’s compliance with this Agreement, including auditing and verifying costs or expenses claimed to be due and payable
hereunder. Such access shall be available at reasonable times on Business Days during business hours and under reasonable conditions with a minimum of at least ten (10) days prior written notice. Each Party shall keep and preserve all such
records for a period of at least five (5) year from and after end of the relevant Services Term. 
 9.3 Audit Assistance. Each
Party and its Subsidiaries are or may be subject to audit by Governmental Entities, such Party’s third party or internal auditor, such Party’s customers, or other Persons that are parties to contracts with such Party, in each case pursuant
to applicable Law, contractual provision, or request of such Party’s board of directors (or its audit committee) (an “Auditing Entity”). If an Auditing Entity exercises its right to audit such first Party’s or any of its
Subsidiary’s books, records, documents, accounting practices or procedures, internal controls and procedures, or operational, financial or legal practices and procedures, and such audit relates to the Services required to be provided to, or
from, such first Party hereunder, upon written request of such first Party, the other Party shall, within a reasonable period of time, provide, at the sole cost and expense of such first Party, all assistance, records and access reasonably requested
by such first Party in responding to such audits (including documents related to testing methodologies, test results, audit reports of significant findings, and remediation plans with respect to any deficiencies with respect to such other
Party’s internal controls or procedures, and work papers of such other Party’s third party or internal auditor that relate to the matter being subject of such audit), to the extent that such assistance, records or access is within the
reasonable control of such other Party. If an audit report of a Service Recipient’s third party or internal auditor relating to such audit identifies any deficiencies in a Service Provider’s internal controls and procedures directly
related to a Service provided to such Service Recipient, such Service Provider shall, at the sole cost and expense of such Service Recipient, implement such reasonable changes to such Service to correct such deficiencies to ensure compliance with
applicable Law in connection with such Service; provided, however, that if such correction is required for the compliance by both Parties with a Law applicable to both Parties, the Parties shall negotiate in good faith an equitable
sharing of the costs and expenses associated with such correction. 
  

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	10.	Compliance with Laws and Governmental Requirements. 

 Each Party
shall be responsible for compliance with all Laws affecting its Business. Each Service Recipient shall be responsible for any use such Service Recipient may make of the Services to assist it in complying with applicable Laws. Each Service Provider
shall comply with (i) all Laws applicable to the provision by it of the Services hereunder; and (ii) the accounting and reporting requirements of any Governmental Entity having jurisdiction over it or any member of its Group with respect
to their respective activities related to such Service Provider’s performance of the Services, including accounting for related costs pursuant to FERC’s uniform system of accounts. 
  

	11.	Limitation of Liability; Indemnity. 

 (a) Service
Provider’s Limitation of Liability. In no event shall a Service Provider or any of its Affiliates have any liability to a Service Recipient or any of its Affiliates whether under this Agreement or otherwise in connection with performance
hereunder, including for any error in judgment or any act or omission, except as a result of the gross negligence or willful misconduct of Service Provider or any of its Affiliates. In addition, neither Duke Energy, Spectra Energy nor any of their
respective Affiliates shall be liable for any loss of profits, loss of business, loss of use or of data, interruption of business, or for indirect, special, punitive, exemplary, incidental or consequential damages of any kind whether under this
Agreement or otherwise in connection with performance hereunder, even if the other Party has been advised of the possibility of such damages. 
 (b) Service Recipient Indemnity. Service Recipient hereby agrees to indemnify, defend and hold harmless Service Provider and each of its Affiliates from and against any and all claims, losses, demands, liabilities, costs and expenses
(including reasonable attorneys’ fees and costs and expenses related thereto) suffered or incurred by Service Provider or any of its Affiliates as a result of or in connection with any third party claims arising from Service Provider’s or
any of its Affiliates’ performance of the Services hereunder, except to the extent such third party claims are based in whole or in part on Service Provider’s or any of its Affiliates’ gross negligence or willful misconduct in
performing the Services. 
 (c) Service Provider Indemnity. Service Provider hereby agrees to indemnify, defend and hold harmless
Service Recipient and each of its Affiliates from and against any and all claims, losses, demands, liabilities, costs and expenses (including reasonable attorney’s fees and costs and expenses related thereto) suffered or incurred by Service
Recipient or any of its Affiliates as a result of, or in connection with, any third party claims to the extent caused by the gross negligence or willful misconduct of Service Provider or any of its Affiliates in performing the Services. In no event
shall the aggregate liability of Service Provider and its Affiliates to Service Recipient and its Affiliates for any damages concerning Service Provider’s or its Affiliates’ or subcontractors’ performance or nonperformance of the
Services or any other matter arising out of, or related to, this Agreement (regardless of whether any such claim for such damages is based in contract or in tort) exceed the amounts actually paid to Service Provider by Service Recipient pursuant to
this Agreement 
 (d) Procedures. Any claim for indemnification under this Section 11 shall be governed by, and be subject to,
the provisions of Article VII of the Separation Agreement, which provisions are hereby incorporated by reference into this Agreement and any references to “Agreement” in such Article VII as incorporated herein shall be deemed to be
references to this Agreement. 
  

 12 

	12.	Dispute Resolution. 

 Any controversy, dispute or claim arising out
of, in connection with, or in relation to the interpretation, performance, nonperformance, validity, termination or breach of this Agreement or otherwise arising out of, or in any way related to this Agreement or the transactions contemplated
hereby, including any claim based on contract, tort, statute or constitution (but excluding any controversy, dispute or claim arising out of any Contract relating to the use or lease of real property if any third party is a necessary party to such
controversy, dispute or claim) (collectively, “Agreement Dispute”), shall be governed by, and be subject to, the provisions of Article IX of the Separation Agreement, which provisions (and related defined terms) are hereby
incorporated by reference into this Agreement; provided, however, (i) any references to “Agreement” or “Agreement Disputes” in such Article IX as incorporated herein shall be deemed to be references to this
Agreement and Agreement Disputes as defined in this Agreement; (ii) the last sentence of Section 9.1(a) of the Separation Agreement (i.e., a dollar threshold for recourse with respect to “Agreement Disputes”) shall not be
incorporated by reference into, or have any effect with respect to, this Agreement; and (iii) the provisions of Section 9.12 of the Separation Agreement (Limitation on Actions) shall be revised to read as follows for purposes of this
Agreement: “Notwithstanding anything to the contrary in this Agreement, no Action shall be commenced (including the dispute resolution procedures set forth in this Article IX) by a Party against the other Party asserting any claim arising from
(i) breach of any obligation of such other Party to perform a Service under this Agreement more than one hundred and eighty (180) days after such first Party acquires, or reasonably should have acquired, knowledge of such breach, or
(ii) breach of any other obligation of such other Party under this Agreement more than 12 months after such first Party acquires, or reasonably should have acquired, knowledge of such breach; provided, however, regardless of such
first Party’s knowledge of the facts giving rise to its claim based on a breach of this Agreement, no Action shall be commenced by such first Party against the other Party more than 36 months after the occurrence of the initial event giving
rise to such claim for such breach (it being understood that if no such Action is commenced within such 180-day period, 12-month-period, or 36-month periods, as applicable, the breaching Party shall be discharged from liability for such
breach).” 
  

	13.	Property Rights; Trademark License. 

 13.1 No
Transfer. The Parties acknowledge and agree that nothing in this Agreement is intended to transfer any right, title, or interest in and to any tangible, intangible, real or personal property (including any and all intellectual property rights).
Notwithstanding any materials, deliverables, or other products that may be created or developed by Service Provider or its Affiliates from the date hereof through the expiration or termination of the Services Term, Service Provider does not hereby
convey, nor does Service Recipient or any of its Affiliates hereby obtain, any right, title, or interest in or to any of Service Provider’s or any of its Affiliates’ equipment, materials, deliverables, products, or any other rights or
property used to provide the Services. All customer and personnel data, files and input and output materials and the media upon which they are located that are supplied by Service Recipient or any of its Affiliates in connection with this Agreement
shall remain Service Recipient’s or such Affiliate’s property, respectively, and Service Provider shall not have any rights or interests with respect thereto 
  

 13 

	13.2	Human Resources Branding. 

 (a) Grant of
Transitional License. Notwithstanding the requirements of Section 5.2(a) of the Separation Agreement or Section 13.1 above, subject to the terms and conditions set forth in this Section 13.2, Duke Energy hereby grants to Spectra
Energy, effective as of the Effective Date and terminating on December 31, 2007 (the “TM License Period”), a limited, non-exclusive, royalty free and non-transferable license to use all trademarks owned by Duke Energy or any of
its Subsidiaries (including the trademarks “Duke Energy” and “Duke Energy Corporation” or any other trademark containing the word “Duke”) that are used by Duke Energy in connection with its human resources programs and
systems as of the Effective Time (the “Duke Energy Trademarks”) solely in connection with the operation of Spectra Energy’s human resources programs and systems (including use in connection with Spectra Energy’s websites,
benefit manuals and correspondence with program participants); provided, however, that Spectra Energy shall use its commercially reasonable efforts to substitute its own corporate identification for the corporate identification that
includes the Duke Energy Trademarks in connection with such systems and programs as soon as reasonably practicable after the Distribution Date, but in no event no event later than the expiration of the TM License Period. Spectra Energy agrees that
immediately upon the expiration of the TM License Period, Spectra Energy shall cease all further use of the Duke Energy Trademarks in connection with its human resources systems and programs and destroy any and all materials related thereto bearing
the Duke Energy Trademarks. Spectra Energy shall neither sublicense the Duke Energy Trademarks, nor shall Spectra Energy publish, distribute or otherwise use the Duke Energy Trademarks for any purpose other than as expressly provided in this
Section 13.2. Spectra Energy shall use the Duke Energy Trademarks in accordance with sound trademark usage principles and all applicable Laws as reasonably necessary to maintain the validity and enforceability of Duke Energy’s rights in
such trademarks and Spectra Energy shall not use the Duke Energy Trademarks in any manner which might tarnish, disparage, or reflect adversely on Duke Energy or the Duke Energy Trademarks. If Spectra Energy uses the Duke Energy Trademarks in a
manner which Duke Energy, in its reasonable judgment, determines reflects adversely upon the image, goodwill and reputation of Duke Energy or the Duke Energy Trademarks, then, upon receipt of written notice from Duke Energy identifying its
objection, Spectra Energy shall immediately cease the particular use to which Duke Energy has objected. Spectra Energy agrees to cooperate with and assist Duke Energy in protecting and enforcing Duke Energy’s rights in the Duke Energy
Trademarks and in maintaining any registrations with any Governmental Entities for the Duke Energy Trademarks in force. Spectra Energy shall assist Duke Energy in the enforcement of rights in the Duke Energy Trademarks by promptly informing Duke
Energy of any actual or potential claim, demand, infringement, misuse or misappropriation relating to the Duke Energy Trademarks to the extent that Spectra Energy is in possession of such information or otherwise becomes aware of any such actual or
potential claim, demand, infringement, misuse or misappropriation. Duke Energy will have the sole right to determine whether or not to investigate such alleged infringement and to determine whether to initiate or participate in any judicial or
administrative proceeding involving the Duke Energy Trademarks. Duke Energy is and shall remain the sole owner of the Duke Energy Trademarks and all goodwill associated therewith. Spectra Energy acknowledges that nothing herein gives Spectra Energy
any right, title or interest in the Duke Energy Trademarks, apart from the license granted under this Section 13.2(a), and in no event shall Spectra Energy’s use of the Duke Energy Trademarks be deemed to vest any right, title or interest
to the Duke Energy Trademarks in Spectra Energy. All uses of the Duke Energy 

  

 14 

 
Trademarks by Spectra Energy, and all goodwill generated thereby, shall inure exclusively and completely to the benefit of Duke Energy. Spectra Energy,
agrees that it shall not contest or challenge the validity of, or Duke Energy’s title in, the Duke Energy Trademarks, and it shall not register or apply for registration of the Duke Energy Trademarks. 
 (b) Notice and Disclaimer. Spectra Energy shall inform all of its and its Subsidiaries employees, retirees and other human resources program
participants by written notice as soon as reasonably practicable after the Distribution Date that Spectra Energy, and not Duke Energy, is responsible for the operation of Spectra Energy’s human resources programs or systems after the Effective
Time, and that Spectra Energy’s use of the Duke Energy Trademarks in connection with such human resources programs or systems does not imply any commitment or obligation on the part of Duke Energy or any of its subsidiaries with respect to such
individuals. Spectra Energy shall also include with any publication or distribution of the Duke Energy Trademarks for use in connection with its human resources programs or systems (i) a trademark legend readable to users indicating that the
Duke Energy Trademarks are owned solely by Duke Energy, but licensed to Spectra Energy for certain limited uses under a separate license agreement, and (ii) a disclaimer that Spectra Energy, and not Duke Energy, is responsible for the operation
of Spectra Energy’s human resources programs or systems after the Effective Time, and that Spectra Energy’s use of the Duke Energy Trademarks in connection with such human resources programs or systems does not imply any commitment or
obligation on the part of Duke Energy or any of its subsidiaries with respect to Spectra Energy’s or any of its subsidiaries’ employees, retirees and other human resources program participants. 
 (c) Indemnity. Spectra Energy hereby agrees to indemnify, defend and hold harmless Duke Energy and each of its Affiliates from and against any and
all claims, losses, demands, liabilities, costs and expenses (including reasonable attorneys’ fees and costs and expenses related thereto) suffered or incurred by Duke Energy or any of its Affiliates as a result of or in connection with any
third party claims arising from Spectra Energy’s or any of its subsidiaries’ use of the Duke Energy Trademarks in connection with its human resources programs or systems. Notwithstanding anything to the contrary in this Agreement, any
claim for indemnification under this Section 13.2 shall not be governed by, or be subject to, the provisions of Section 11. 
  

	14.	Confidential Information. 

 Any Confidential Information received by
either Party or its Affiliates from the other Party or any of its Affiliates in connection with this Agreement shall be governed by, and be subject to, the provisions of Sections 8.2 and 8.4 of the Separation Agreement, which provisions are hereby
incorporated by reference into this Agreement and any references to “Agreement” in such Sections 8.2 and 8.4 as incorporated herein shall be deemed to be references to this Agreement. Notwithstanding anything to the contrary in this
Agreement, in connection with a Service Provider’s performance of the Services, (i) such Service Provider shall not have a right to access any Confidential Information of the Service Recipient or any of its Affiliates that is subject to
any attorney-client privilege or attorney work-product privilege under applicable Law in favor of such Service Recipient or any of its Affiliates; and (ii) the Parties shall cooperate with each other to establish reasonable procedures in
connection with the provision of Services in order to preserve such privileges. 
  

 15 

	15.	Miscellaneous. 

 15.1 Complete Agreement;
Construction. This Agreement, including the Schedules attached to the body of this Agreement, shall constitute the entire agreement between the Parties with respect to the subject matter hereof and shall supersede all previous negotiations,
commitments and writings with respect to such subject matter. In the event of any conflict between the terms and conditions of the body of this Agreement and the terms and conditions of any Schedule hereto, the terms and conditions of such Schedule
shall control. In the event of any conflict between the terms and conditions of this Agreement and the terms and conditions of the Separation Agreement or any other Ancillary Agreement, the terms and conditions of this Agreement shall control.

 15.2 Counterparts. This Agreement may be executed in more than one counterparts, all of which shall be considered one and the same
agreement, and, except as expressly provided in Section 7, shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to the other Parties. Execution of this Agreement or any other documents
pursuant to this Agreement by facsimile or other electronic copy of a signature shall be deemed to be, and shall have the same effect as, execution by original signature. 
 15.3 Survival of Agreement. Except as otherwise contemplated by this Agreement, all covenants and agreements of the Parties contained in this Agreement shall survive the Effective Time and remain in full force
and effect in accordance with their applicable terms. 
 15.4 Expenses. Except as otherwise expressly provided in this Agreement, the
Parties agree that all out-of-pocket fees and expenses incurred and directly related to the transactions contemplated hereby shall be borne and paid by the Person incurring such cost or Liability. 
 15.5 Notices. All notices, requests, claims, demands and other communications under this Agreement, as between the Parties, shall be in writing
and shall be given or made (and shall be deemed to have been duly given or made upon receipt unless the day of receipt is not a Business Day, in which case it shall be deemed to have been duly given or made on the next following Business Day) by
delivery in person, by overnight courier service, by facsimile with receipt confirmed (followed by delivery of an original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) to the
respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 15.5): 
 To Duke Energy: 
 Duke Energy Corporation 
 526 South Church Street 
 Charlotte, North
Carolina 28202 
 Attn: Chief Legal Officer 
 Facsimile: 704-382-8137 
  

 16 

 To Spectra Energy: 
 Spectra Energy Corp 
 5400 Westheimer Court 
 Houston, Texas 77056 
 Attn: General Counsel

 Facsimile: 713-627-5536 
 15.6
Waivers. The failure of any Party to require strict performance by any other Party of any provision in this Agreement will not waive or diminish that Party’s right to demand strict performance thereafter of that or any other provision
hereof. 
 15.7 Amendments. Subject to the terms of Section 15.10, this Agreement may not be modified or amended except by an
agreement in writing signed by each of the Parties. 
 15.8 Assignment. Except as otherwise expressly provided for in this Agreement,
this Agreement shall not be assignable, in whole or in part, by any Party without the prior written consent of the other Party, and any attempt to assign any rights or obligations arising under this Agreement without such consent shall be null and
void; provided, that a Party may assign this Agreement in connection with a merger transaction in which such Party is not the surviving entity or the sale by such Party of all or substantially all of its Assets, and upon the effectiveness of
such assignment, the assigning Party shall be released from all of its obligations under this Agreement if the surviving entity of such merger or the transferee of such Assets shall agree in writing, in form and substance reasonably satisfactory to
the other Party, to be bound by the terms of this Agreement as if named as a “Party” hereto. 
 15.9 Successors and Assigns.
Subject to Section 15.8, the provisions of this Agreement and the obligations and rights hereunder shall be binding upon, inure to the benefit of and be enforceable by (and against) the Parties and their respective successors and permitted
transferees and assigns. 
 15.10 Termination. Notwithstanding anything to the contrary herein, this Agreement may be terminated and
abandoned at any time prior to the Effective Time by and in the sole discretion of Duke Energy without the approval of Spectra Energy or the stockholders of Duke Energy. In the event of such termination, no Party shall have any liability of any kind
to any other Party or any other Person. After the Effective Time, this Agreement may not be terminated except (i) by an agreement in writing signed by each of the Parties, or (ii) as expressly provided for in this Agreement. 
 15.11 Subsidiaries. Each of the Parties shall cause to be performed all actions, agreements and obligations set forth herein to be performed by
any Subsidiary or Affiliate of such Party or by any entity that becomes a Subsidiary or Affiliate of such Party on and after the Distribution Date. 
  

 17 

 15.12 Third Party Beneficiaries. Except as otherwise expressly provided in this Agreement, this
Agreement is solely for the benefit of the Parties and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement.

 15.13 Title and Headings. Titles and headings to sections herein are inserted for the convenience of reference only and are not
intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 15.14 Schedules. The Schedules attached
hereto are incorporated herein by reference and shall be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein. 
 15.15 Governing Law. This Agreement shall be governed by and construed in accordance with the internal Laws, and not the Laws governing conflicts
of Laws (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law), of the State of New York. 
 15.16 Consent to
Jurisdiction. Subject to the provisions of Section 12, each of the Parties irrevocably submits to the exclusive jurisdiction of (a) the Supreme Court of the State of New York, New York County, and (b) the United States District
Court for the Southern District of New York (the “New York Courts”), for the purposes of any suit, action or other proceeding to compel arbitration or for provisional relief in aid of arbitration in accordance with Section 12
or for provisional relief to prevent irreparable harm, and to the non-exclusive jurisdiction of the New York Courts for the enforcement of any award issued thereunder. Each of the Parties further agrees that service of any process, summons, notice
or document by United States registered mail to such Party’s respective address set forth in Section 15.5 shall be effective service of process for any action, suit or proceeding in the New York Courts with respect to any matters to which
it has submitted to jurisdiction in this Section 15.16. Each of the Parties irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions
contemplated hereby in the New York Courts, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an
inconvenient forum. 
 15.17 Specific Performance. The Parties agree that irreparable damage would occur in the event that the
provisions of this Agreement were not performed in accordance with their specific terms. Accordingly, it is hereby agreed that the Parties shall be entitled to (i) an injunction or injunctions to enforce specifically the terms and provisions
hereof in any arbitration in accordance with Section 12, (ii) provisional or temporary injunctive relief in accordance therewith in any New York Court, and (iii) enforcement of any such award of an arbitral tribunal or a New York
Court in any court of the United States, or any other any court or tribunal sitting in any state of the United States or in any foreign country that has jurisdiction, this being in addition to any other remedy or relief to which they may be
entitled. 
 15.18 Waiver of Jury Trial. SUBJECT TO SECTIONS 12, 15.16 AND 15.17 HEREIN, EACH OF THE PARTIES HEREBY WAIVES TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY COURT PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT 

  

 18 

 
OF AND PERMITTED UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HEREBY (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN
INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 15.18. 
 15.19 Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in
any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby, and the Parties shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 15.20 Force Majeure. No Party (or any Person acting on its behalf) shall have any liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long
as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of circumstances of Force Majeure. A Party claiming the benefit of this provision shall, as soon as reasonably
practicable after the occurrence of any such event: (a) notify the other Party of the nature and extent of any such Force Majeure condition, and (b) use due diligence to remove any such causes and resume performance under this Agreement as
soon as reasonably practicable. 
 15.21 Construction. The Parties have participated jointly in the negotiation and drafting of this
Agreement. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. 
 15.22 Authorization. Each of the Parties hereby represents and warrants that it has the power and authority to execute, deliver and perform this
Agreement, that this Agreement has been duly authorized by all necessary corporate action on the part of such Party, that this Agreement constitutes a legal, valid and binding obligation of each such Party and that the execution, delivery and
performance of this Agreement by such Party does not contravene or conflict with any provision of law or of its charter or bylaws or any material agreement, instrument or order binding on such Party. 
 15.23 References; Interpretations. References in this Agreement to any gender include references to all genders, and references to the singular
include references to the plural and vice versa. Unless the context otherwise requires: 
 (i) the words “include”,
“includes” and “including” when used in this Agreement shall be deemed to be followed by the phrase “without limitation”; 
  

 19 

 (ii) references in this Agreement to Sections and Schedules shall be deemed references to
Sections of, and Schedules attached to, this Agreement; 
 (iii) the words “hereof”, “hereby” and
“herein” and words of similar meaning when used in this Agreement refer to this Agreement in its entirety and not to any particular Section or provision of this Agreement; and 
 (iv) references in this Agreement to any time shall be to New York City, New York time unless otherwise expressly provided herein.

 15.24 Status of Service Provider as Independent Contractor. Each Service Recipient expressly acknowledges that each Service
Provider, its Affiliates, and each of their respective employees, agents, subcontractors and representatives are “independent contractors,” and nothing in this Agreement is intended and nothing shall be construed to create an
employer/employee, partnership, joint venture or other similar relationship between any Service Recipient and Service Provider, its Affiliates, or each of their respective employees, agents, subcontractors and representatives. In addition, each
Service Provider shall have the authority and responsibility to elect the means, manner and method of performing the Services required to be provided by it under this Agreement. This Agreement shall not be interpreted or construed to create an
association, joint venture, partnership, or agency between the Parties or to impose any partnership or fiduciary obligation or related liability upon any Party. 
 [Signature Page Follows] 
  

 20 

 IN WITNESS WHEREOF, the Parties caused this Transition Services Agreement to be duly executed as of the
day and year first above written. 
  

			
	Duke Energy:
	
	DUKE ENERGY CORPORATION
		
	By:	 	/s/ James E. Rogers
	Name:	 	James E. Rogers
	Title:	 	President and Chief Executive Officer

  

			
	Spectra Energy:
	
	SPECTRA ENERGY CORP
		
	By:	 	/s/ Fred J. Fowler
	Name:	 	Fred J. Fowler
	Title:	 	President and Chief Executive Officer

 CONFIDENTIAL 
 EXECUTION COPY 
 SCHEDULES 
 TO 
 TRANSITION SERVICES AGREEMENT 
 by and between 
 DUKE ENERGY
CORPORATION 
 and 
 SPECTRA ENERGY CORP 
 Dated as of December 13, 2006 

 CONFIDENTIAL 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	SCHEDULE A	  	SERVICES TO BE PROVIDED TO SPECTRA ENERGY BY DUKE ENERGY	  	A-1
			
	SCHEDULE A-1	  	DCP MIDSTREAM TRAINING AND DEVELOPMENT SERVICES	  	A-2
			
	SCHEDULE A-2	  	DCP MIDSTREAM HR COMPLIANCE	  	A-4
			
	SCHEDULE A-3	  	DCP MIDSTREAM UNITED WAY MATCHING	  	A-6
			
	SCHEDULE A-4	  	SPECTRA ENERGY HEWITT SERVICES	  	A-7
			
	SCHEDULE A-5	  	SPECTRA ENERGY HR COMPLIANCE	  	A-10
			
	SCHEDULE A-6	  	DCP MIDSTREAM HRO VENDOR MANAGEMENT	  	A-12
			
	SCHEDULE A-7	  	SPECTRA ENERGY HR VENDOR MANAGEMENT SERVICES	  	A-14
			
	SCHEDULE A-8	  	SPECTRA ENERGY GENERAL HR CONSULTING	  	A-17
			
	SCHEDULE A-9	  	DCP MIDSTREAM GENERAL HR CONSULTING	  	A-19
			
	SCHEDULE A-10	  	SPECTRA ENERGY NON-QUALIFIED ADMINISTRATION – EXECUTIVE BENEFITS	  	A-21
			
	SCHEDULE A-11	  	SPECTRA ENERGY STOCK PLAN ADMINISTRATION – EXTERNAL CONTRACTS	  	A-24
			
	SCHEDULE A-12	  	SPECTRA ENERGY TRAINING AND DEVELOPMENT SERVICES	  	A-27
			
	SCHEDULE A-13	  	SPECTRA ENERGY STOCK PLAN ADMINISTRATION – EXTERNAL CONTRACT – FIDELITY	  	A-29
			
	SCHEDULE A-14	  	DCP MIDSTREAM STOCK PLAN ADMINISTRATION – INTERNAL	  	A-31
			
	SCHEDULE A-15	  	DCP MIDSTREAM NON-QUALIFIED ADMINISTRATION – EXECUTIVE BENEFITS	  	A-33

  

 A-i 

 CONFIDENTIAL 
  

					
	SCHEDULE A-16	  	DCP MIDSTREAM STOCK PLAN ADMINISTRATION – EXTERNAL CONTRACT	  	A-35
			
	SCHEDULE A-17	  	SPECTRA ENERGY STOCK PLAN ADMINISTRATION – INTERNAL	  	A-37
			
	SCHEDULE A-18	  	SPECTRA ENERGY TRAINING AND DEVELOPMENT CBT DEVELOPER	  	A-40
			
	SCHEDULE A-19	  	SPECTRA ENERGY U.S. BENEFIT PLAN ADMINISTRATION	  	A-42
			
	SCHEDULE A-20	  	DCP MIDSTREAM HEWITT SERVICES	  	A-45
			
	SCHEDULE A-21	  	SPECTRA ENERGY EHS MANAGEMENT SYSTEM AUDITS	  	A-48
			
	SCHEDULE A-22	  	SPECTRA ENERGY CONSOLIDATIONS ASSISTANCE	  	A-49
			
	SCHEDULE A-23	  	SPECTRA ENERGY CORPORATE ACCOUNTING FUNCTIONS	  	A-50
			
	SCHEDULE A-24	  	DUKE ENERGY AUDIT SERVICE RESOURCES SHARING	  	A-52
			
	SCHEDULE A-25	  	SPECTRA ENERGY GENERAL CONSULTATION-FINANCE	  	A-54
			
	SCHEDULE A-26	  	SPECTRA ENERGY AND DCP MIDSTREAM PAYROLL ACCOUNTING	  	A-55
			
	SCHEDULE A-27	  	CHANGE IN ACCOUNTING POLICY FIN 48 IMPLEMENTATION	  	A-56
			
	SCHEDULE A-28	  	SPECTRA ENERGY ACCOUNTS PAYABLE	  	A-57
			
	SCHEDULE A-29	  	SPECTRA ENERGY CORPORATE EHS SCIENTIFIC SERVICES ANALYTICAL SERVICES	  	A-61
			
	SCHEDULE A-30	  	SPECTRA ENERGY SECURITY AND BADGE SERVICES	  	A-63
			
	SCHEDULE A-31	  	SPECTRA ENERGY DC OFFICE LEASE	  	A-65
			
	SCHEDULE A-32	  	SPECTRA ENERGY ENTERPRISE OPERATION SERVICES CONSULTING	  	A-66

  

 A-ii 

 CONFIDENTIAL 
  

					
	SCHEDULE A-33	  	SPECTRA ENERGY AND DCP MIDSTREAM IT CONSULTATION AND MISCELLANEOUS SERVICES	  	A-68
			
	SCHEDULE A-34	  	DCP MIDSTREAM IT BUSINESS AND MISCELLANEOUS APPLICATIONS	  	A-70
			
	SCHEDULE A-35	  	DCP MIDSTREAM HUMAN RESOURCES (HR) SYSTEMS	  	A-73
			
	SCHEDULE A-36	  	DCP MIDSTREAM AND SPECTRA ENERGY IT FINANCIAL SYSTEMS	  	A-75
			
	SCHEDULE A-37	  	DCP MIDSTREAM IT INFRASTRUCTURE	  	A-79
			
	SCHEDULE A-38	  	DCP MIDSTREAM IT SECURITY	  	A-85
			
	SCHEDULE A-39	  	DCP MIDSTREAM TELECOMMUNICATIONS/NETWORK	  	A-89
			
	SCHEDULE A-40	  	SPECTRA ENERGY IT BUSINESS AND MISCELLANEOUS APPLICATIONS	  	A-92
			
	SCHEDULE A-41	  	SPECTRA ENERGY EMAIL SERVICES	  	A-94
			
	SCHEDULE A-42	  	SPECTRA ENERGY HUMAN RESOURCES (HR) SYSTEMS	  	A-96
			
	SCHEDULE A-43	  	DCP MIDSTREAM EMAIL / LOTUS NOTES APPLICATION SERVICES	  	A-98
			
	SCHEDULE A-44	  	SPECTRA ENERGY IT INFRASTRUCTURE	  	A-101
			
	SCHEDULE A-45	  	SPECTRA ENERGY IT SECURITY	  	A-104
			
	SCHEDULE A-46	  	SPECTRA ENERGY IT TELECOMMUNICATIONS/NETWORK	  	A-108
			
	SCHEDULE B	  	SERVICES TO BE PROVIDED TO DUKE ENERGY BY SPECTRA ENERGY	  	B-1
			
	SCHEDULE B-1	  	DUKE ENERGY - HR GENERAL CONSULTING	  	B-2
			
	SCHEDULE B-2	  	SPECTRA ENERGY AUDIT SERVICES RESOURCE SHARING	  	B-4
			
	SCHEDULE B-3	  	DUKE ENERGY SERVICES FOR PROPERTY TAX	  	B-6
			
	SCHEDULE B-4	  	DUKE ENERGY SERVICES FOR PROPERTY TAX	  	B-7

  

 A-iii 

 CONFIDENTIAL 
  

					
	SCHEDULE B-5	  	DUKE ENERGY SERVICES FOR DENA FACILITIES	  	B-8
			
	SCHEDULE B-6	  	DUKE ENERGY SERVICES FOR SALES & USE TAX AUDIT SUPPORT	  	B-9
			
	SCHEDULE B-7	  	DUKE ENERGY SERVICES FOR STATE INCOME TAX AUDIT SUPPORT	  	B-10
			
	SCHEDULE B-8	  	DUKE ENERGY SERVICES FOR STATE TAX	  	B-11
			
	SCHEDULE B-9	  	DUKE ENERGY SERVICES FOR STATE TAX	  	B-12
			
	SCHEDULE B-10	  	DUKE ENERGY SERVICES FOR STATE TAX	  	B-13
			
	SCHEDULE B-11	  	DUKE ENERGY – PEOPLESOFT IT SUPPORT	  	B-14
			
	SCHEDULE B-12	  	DUKE ENERGY REAL ESTATE SERVICES	  	B-16
			
	SCHEDULE B-13	  	DUKE ENERGY – TELECOM, WORKSTATION, SERVER SERVICES	  	B-18
			
	SCHEDULE B-14	  	DUKE ENERGY LOGISTICS / FREIGHT TRANSPORTATION PROGRAM	  	B-20

  

 A-iv 

 CONFIDENTIAL 
  

 SCHEDULE A 
 SERVICES TO BE PROVIDED TO SPECTRA ENERGY BY DUKE ENERGY 
 Capitalized terms used in this Schedule
and not otherwise defined in the Schedule shall have the respective meanings ascribed thereto in the body of the Transition Services Agreement to which this Schedule is attached (the “Agreement”). 
 All dollars expressed are U.S. Dollars, unless otherwise explicitly noted. 
 Duke Energy will bill Spectra Energy periodically as set forth in the Agreement. 
 With respect to services
provided to DCP Midstream, Duke Energy will bill Spectra Energy for such services and Spectra Energy shall pay Duke Energy for such services, in accordance with the Agreement. Spectra Energy shall be responsible for payment to Duke Energy
irrespective of any reimbursement or payment from DCP Midstream. 
  

 A-1 

 CONFIDENTIAL 
  

 SCHEDULE A-1 
  

			
	Service Name:	  	DCP MIDSTREAM TRAINING AND DEVELOPMENT SERVICES
		
	ID Number(s):	  	151

  

	I.	SCOPE OF SERVICES 

 Consultation of Corporate Human
Resources Talent Management / Leadership Training Team 
  

	 	•	 	 Duke Energy will provide up to 40 total hours of periodic consulting services to DCP Midstream by George Hardie or others in Talent Management group. Anticipate
primary consultation to be in respect to: 

  

	 	•	 	 succession planning system; 

  

	 	•	 	 current tools owned by Duke Energy but administered by Hewitt; 

  

	 	•	 	 transfer of information to new system as adopted by DCP Midstream; and 

  

	 	•	 	 set up of new employees in the GEMS system. 

 Forum Corporation will provide Leadership training instruction 
  

	 	•	 	 Duke Energy will provide up to 20 hours of consulting services to DCP Midstream by members of the Duke Energy Leadership Development Group in respect to
information/consulting provided in regard to the Forum courses and coding of the billing for Forum services/courses delivered for DCP Midstream. 

  

	 	•	 	 Duke Energy will cause Forum to provide to DCP Midstream leadership training as requested by DCP Midstream, not to be materially different that the Forum leadership
courses delivered to DCP Midstream in 2006, namely: 

  

	 	•	 	 3 Supervisory Leadership Development (SLD); and 

  

	 	•	 	 2 Emerging Leader Program (ELP) courses. 

 Subject
to, and to the extent provided in the Curriculum Development and Training Agreement (the “Forum Agreement”), dated as of June 6, 2000, by and between Duke Energy Corporation (a North Carolina corporation now known as Duke Energy
Carolinas, LLC) and The Forum Corporation of North America (“Forum”), Duke Energy Corporation, a Delaware corporation, will provide such Work as defined or used in the Forum Agreement to DCP Midstream. 
  

	II.	SERVICES TERM 

 January 1, 2007 –December 31, 2007.

  

 A-2 

 CONFIDENTIAL 
  

	III.	FEES 

 Consultation Fees to include: 
 All Duke Energy Personnel: $86 per hour 
 The Forum (3rd party vendor) course costs and associated instructor and other expenses associated with delivery of
courses will be billed to DCP Midstream through Spectra Energy upon Duke’s receipt of billing from Forum. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

			
	Service Provider:	  	Service Recipient:
		
	 Attn:    George Hardie
             HR Consultant II, Talent Management
             Phone: 704-382-5664
             Mobile: 704-998-1348
             Fax: 704-382-4155
             E-mail: gohardie@duke-energy.com
	  	 Attn:    Lynn Fitzgibbons
             Manager Training & Development – DCP Midstream

             Phone: 432 620-4133
             Cell: 432 349-5929
             Fax: 432 620- 4116
             Email: lsfitzgibbons@duke-energy.com

		
		  	 Attn:    Michael Landrum
             Manager Training & Development – Spectra Energy

             Phone: 713-627-5456
             Mobile: 713-851-5182
             Facsimile: 713-989-1503
             E-mail:
mlandrum@duke-energy.com

  

 A-3 

 CONFIDENTIAL 
  

 SCHEDULE A-2 
  

			
	Service Name:	  	DCP MIDSTREAM HR COMPLIANCE
		
	ID Number(s):	  	152

  

	I.	SCOPE OF SERVICES 

 Duke Energy will assist DCP Midstream in
its preparation for full stand alone status by providing the following services: 
  

	 	•	 	 Provide service and administration of an Employee Opinion Survey; 

  

	 	•	 	 Assist with training and conversion to stand-alone status of DCP Midstream Affirmative Action Programs, including the 2007 annual EE01 and Vets reporting in
September 2007. 

  

	II.	SERVICES TERM 

 January 1, 2007 –December 31, 2007.

  

	III.	FEES 

 $2,000 monthly 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

 A-4 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Deborah Patton
             VP, HR, Employee Relations
             Phone: 980-373-4493
             Mobile: 704-516 -4134
             Facsimile: 704-382-7642
             E-mail: dtpatton@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Jim Haynes
             VP HR Spectra Energy US
             Phone: 713-627-5166
             Mobile: 713-501-5641
             Facsimile: 713-989-3181
             E-mail:
jdhaynes@duke-energy.com

		
		  	 Attn:    Nancy Quigg-Young
             Director HR Service Delivery
             Compliance and Risk – DCP
             Midstream
             Phone: 713- 627-6416
             Mobile: 713-557- 0502
             Facsimile: 713-627-6617
             E-mail:
NBQuigg-Young@duke-energy.com

  

 A-5 

 CONFIDENTIAL 
  

 SCHEDULE A-3 
  

			
	Service Name:	  	DCP MIDSTREAM UNITED WAY MATCHING
		
	ID Number(s):	  	143

  

	I.	SCOPE OF SERVICES 

 The Duke Energy Foundation will
distribute DCP Midstream’s matching contributions for the 2006-2007 campaign to the various United Ways on DCP Midstream’s behalf. 
 Total Duke
Energy personnel time required to fulfill the service is estimated to be 8 – 10 hours. 
  

	II.	SERVICES TERM 

 January 1, 2007
–December 31, 2007. 
  

	III.	FEES 

 Duke Energy Foundation will issue one
invoice to DCP Midstream through Spectra Energy for the total amount distributed. This invoice will be issued approximately Nov-Dec. 2007. 
 All Duke Energy Foundation personnel: $101.00 per hour 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Hilary Davidson
             Director, Duke Energy Community & Stakeholder
Relations
             and VP, Duke Energy Foundation

             Phone: 980- 373-5738
             Mobile: 704-458-2315
             Facsimile: 704 382 7600
             E-mail: HSDavidson@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Roz Elliott
             Director, Public Affairs
             Phone: 303-605-1707
             Mobile: 303-882-1703
             Facsimile: 303 605-2225
             E-mail: rlelliott@duke-energy.com

  

 A-6 

 CONFIDENTIAL 
  

 SCHEDULE A-4 
  

			
	Service Name:	  	SPECTRA ENERGY HEWITT SERVICES
		
	ID Number(s):	  	26

  

	I.	SCOPE OF SERVICES 

  

	 	•	 	 Subject to, and to the extent provided in the Human Resources Services Agreement between Duke Energy Corporation (a North Carolina corporation and now Duke Power
Company LLC) and Hewitt Associates LLC, dated as of May 16, 2005, and as amended from time-to-time (the “HRO Agreement”), Duke Energy will provide such services as defined in the HRO Agreement to Spectra Energy.

  

	II.	SERVICES TERM 

 January 1, 2007 –December 31, 2007.

  

	III.	FEES 

 Ongoing Vendor Costs

 Spectra Energy US 
 $100,000 monthly estimate, provided, however, the actual cost will vary based on the number of relevant participants and a per participant charge of $52.844, plus certain related pass-through expenses for postage, delivery, fulfillment
processing, and communication processes. 
 Spectra Energy Canada (billed directly to Spectra Energy) 
 $173,000 monthly estimate , provided, however, the actual cost will vary based on the number of relevant participants and a per participant charge of
$52.844, plus certain related pass-through expenses for postage, delivery, fulfillment processing, and communication processes. 
 Implementation Costs 
 Spectra Energy US 
 (to include Market Link, Workbrain, Peoplesoft, Sum Total 
 $32,609 monthly 
 Spectra Energy Canada (billed directly to Spectra Energy) 
 (to include Canadian portion of Sum Total) 

$7,755 monthly 
  

 A-7 

 CONFIDENTIAL 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Ongoing provision of Hewitt
Services through the HRO Agreement is currently in place with Duke Energy VMO. 
 Services shall be provided in accordance with the terms and subject to the
conditions of the HRO Agreement currently in place with Duke Energy VMO. 
 Pass through costs and change orders specific to Spectra Energy will be invoiced
directly to Spectra Energy. 
 All segments of Spectra Energy are expected to continue utilization of services as designated in the HRO Agreement through
June 30, 2007 to prevent the triggering of additional costs to Duke Energy under the HRO Agreement. In the event that the early exit of Spectra Energy from receipt of services under the HRO Agreement, in accordance with
Section 4.2(a) of the Agreement, prior to June 30, 2007, Spectra Energy will be responsible 100% of the incremental costs incurred by Duke Energy as a result of such early exit by Spectra Energy, including any early termination fee, waiver
charge, or repricing of per participant costs.
 Notwithstanding the foregoing, Duke Energy shall not be obligated to provide, and Spectra Energy shall not
be required to accept, the following services after responsibility for providing those services is transferred to Hewitt: Staffing, Performance Management, Succession Planning, Management Self Service, Compensation, and Your Total Rewards.

 To the extent Duke Energy is to make any payment on behalf of Spectra Energy or any of its Subsidiaries as part of providing services under this Schedule,
Spectra Energy must fund by wire transfer to a bank account designated by Duke Energy an amount of cash equal to such payment, which funding must be received at such Duke Energy bank account prior to the time such payment is due to be paid from such
Duke Energy bank account. Duke Energy shall have no obligation to pay any amounts on behalf of Spectra Energy or any of its Subsidiaries until sufficient funds have been so transferred. Under this Schedule, such services include Duke Energy funding
the payroll of Spectra Energy and its Subsidiaries. 
  

 A-8 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Martin W Brown
             Managing Director, HR Client Services
             Phone: 704-382-5961
             Mobile: 704-460-0040
             Facsimile: 704-382-4537
             E-mail: mbrown@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Mark Heavens
             HR Business Process Development Manager
             Phone: 519- 436-4600 -2484
             Mobile: 519-365-3422
             Facsimile: 519-436-5480
             E-mail: MHeavens@duke-energy.com

  

 A-9 

 CONFIDENTIAL 
  

 SCHEDULE A-5 
  

			
	Service Name:	  	SPECTRA ENERGY HR COMPLIANCE
		
	ID Number(s):	  	53

  

	I.	SCOPE OF SERVICES 

 Duke Energy will assist Spectra Energy in
its preparation for full stand-alone status by providing the following services: 
  

	 	•	 	 Support for the development of HR Compliance Self-Audit (including modification or cloning of a “Checklist”); 

  

	 	•	 	 Administration of an Employee Opinion Survey; 

  

	 	•	 	 Assisting Spectra Energy to develop and implement appropriate SOX processes and controls in the areas of Compensation, Benefits, HRIS/Payroll and Accounting;

  

	 	•	 	 Assisting with training and conversion to stand-alone status of Spectra Energy Affirmative Action Programs , including the 2007 annual EEO1 and Vets reporting in
September 2007; and 

  

	 	•	 	 Providing information, documents, templates, and/or sources of material for Spectra Energy to produce their own: HR Policies, HR Procedures and Guidelines, HR
Absence and Attendance Rules, HR Employee Programs, HR Risk Management Tools, and HR Governance Controls. 

  

	II.	SERVICES TERM 

 January 1, 2007
–December 31, 2007. 
  

	III.	FEES 

 Fees are to be split 50/50 between
Spectra Energy US and Spectra Energy Canada 
 Total $4,000 monthly, allocated: 
 $2,000 to Spectra Energy US, and 
 $2,000 to
Spectra Energy Canada 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Consulting
services outside of TSA scope, including an HR Compliance Audit Assessment, conducted at Spectra Energy’s request would be cover under Consulting Services price - $93/hour + out of pocket expenses 
  

 A-10 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Deborah Patton
 VP, HR, Employee Relations
 Phone: 980-373-4493
 Mobile: 704-516-4134
 Facsimile: 704-382-7642
 E-mail:
dtpatton@duke-energy.com
	  	Attn:	  	 Jim Haynes
 VP HR Spectra Energy US
 Phone: 713-627-5166
 Mobile: 713-501-5641
 Facsimile: 713-989-3181
 E-mail:
jdhaynes@duke-energy.com

  

 A-11 

 CONFIDENTIAL 
  

 SCHEDULE A-6 
  

			
	Service Name:	  	DCP MIDSTREAM HRO VENDOR MANAGEMENT
		
	ID Number(s):	  	150

  

	I.	SCOPE OF SERVICES 

 Duke Energy Human Resources will continue
to manage the on-going relationship with Hewitt on behalf of DCP Midstream for all services outlined in the TSA titled “Hewitt Outsourcing Contract.” Management of services includes not only on-going maintenance of services currently
provided, but new tools and services being implemented in 2007 which DCP Midstream will be using. The fees listed below account for a portion of internal Duke labor costs being allocated to DCP Midstream for both maintenance and transformation
projects. 
 Continuation of the current VMO services as they relate to the Hewitt outsourcing services and contract which include: 
  

	 	•	 	 Manage the relationship between Duke / DCP Midstream and Hewitt; 

  

	 	•	 	 Measure and report on Hewitt’s performance; 

  

	 	•	 	 Resolve issues; 

  

	 	•	 	 Manage and approve change orders; 

  

	 	•	 	 Manage HRO budget: 

  

	 	•	 	 Respond to questions regarding budget or variances 

  

	 	•	 	 Verify headcount for billings 

  

	 	•	 	 Ensure billings and invoices are correct according to the contract or change order 

  

	 	•	 	 Respond to questions regarding budget or variances 

  

	 	•	 	 Manage transition and transformation projects; 

  

	 	•	 	 Coordinate and manage special projects and/or events that occur during 2007; 

  

	 	•	 	 Participate in contract and/or change order negotiations; 

  

	 	•	 	 Resolve contractual issues that occur during the year; 

  

	 	•	 	 Prepare reports on budget variances and respond to budget questions; and 

  

	 	•	 	 Prepare a spreadsheet of current active employee/contractor phone numbers on the DCP Midstream portal page(s) for the entire year of 2007 and update it weekly.

  

	 	•	 	 Performs SOX controls as appropriate or works with Hewitt on SOX issues, controls and/or audits. 

  

	II.	SERVICES TERM 

 January 1, 2007 –December 31, 2007.

  

 A-12 

 CONFIDENTIAL 
  

	III.	FEES 

 Ongoing Support 
 $29,000 monthly 
 Transformation support 
 $11,000 monthly 
 NOTE: All items in the scope of services would fall into
both fee categories (On-going and Transformation) with the exception of “Prepare a spreadsheet of current active employee/contract phone numbers on DCP Midstream portal page(s) for the entire year of 2007 and update it
weekly” which would fall into the Ongoing support category. This is based on the fact that individuals from both areas will spend a percentage of time on both categories of support. 
 NOTE: Fees above are calculated as 9.9% of the budget (for the transformation group and the ongoing support group) required to support DCP Midstream and is derived by
headcount representation. Transformation includes project support as well as labour, travel and office expenses for 8 people. Ongoing support includes managing day to day operations of the Hewitt services including such things as contracts and
payroll, 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Martin W Brown
 Managing Director, HR Client Services

 Phone: 704-382-5961
 Mobile: 704-460-0040
 Facsimile : 704-382-4537
 E-mail:
mbrown@duke-energy.com
	  	Attn:	  	 Mark HeavensHR Business Process Development Manager – Spectra Energy
 Phone: 519- 436-4600 - 2484
 Mobile: 519-365-3422
 Facsimile: 519-436-5480
 E-mail: MHeavens@duke-energy.com

				
		  		  	Attn:	  	 Chris Lewis
 VP Human Resources - DCP
Midstream
 Phone: 303-605-2191
 Mobile: 303-803-2185

Facsimile: 303-605-2227
 E-mail:
calewis@duke-energy.com

  

 A-13 

 CONFIDENTIAL 
  

 SCHEDULE A-7 
  

			
	Service Name:	  	SPECTRA ENERGY HR VENDOR MANAGEMENT SERVICES
		
	ID Number(s):	  	126

  

	I.	SCOPE OF SERVICES 

 Duke Energy Human Resources will continue
to manage the on-going relationship with Hewitt on behalf of Spectra Energy for all services outlined in the TSA titled “Hewitt Outsourcing Contract.” Management of services includes not only on-going maintenance of services currently
provided, but new tools and services being implemented in 2007 which Spectra Energy will be using. The fees listed below account for a portion of internal Duke labor costs being allocated to Spectra Energy for both maintenance and transformation
projects. In the event that Spectra Energy requires consulting services outside the scope of the TSA agreement, the appropriate hourly rates will be charged. 
 Continuation of the current VMO services as they relate to the Hewitt outsourcing services and contract which include: 
  

	 	•	 	 Manage the relationship between Duke / Spectra Energy and Hewitt; 

  

	 	•	 	 Measure and report on Hewitt’s performance; 

  

	 	•	 	 Resolve issues; 

  

	 	•	 	 Manage and approve change orders; 

  

	 	•	 	 Manage HRO budget: 

  

	 	•	 	 Respond to questions regarding budget or variances 

  

	 	•	 	 Verify headcount for billings 

  

	 	•	 	 Ensure billings and invoices are correct according to the contract or change order 

  

	 	•	 	 Respond to questions regarding budget or variances 

  

	 	•	 	 Manage transition and transformation projects; 

  

	 	•	 	 Coordinate and manage special projects and/or events that occur during 2007; 

  

	 	•	 	 Participate in contract and/or change order negotiations; 

  

	 	•	 	 Resolve contractual issues that occur during the year; 

  

	 	•	 	 Prepare reports on budget variances and respond to budget questions; and 

  

	 	•	 	 Prepare a spreadsheet of current active employee/contractor phone numbers on the Spectra Energy portal page(s) for the entire year of 2007 and update it
weekly. 

  

	 	•	 	 Performs SOX controls as appropriate or works with Hewitt on SOX issues, controls and/or audits. 

  

	II.	SERVICES TERM 

 January 1, 2007
–December 31, 2007. 
  

 A-14 

 CONFIDENTIAL 
  

	III.	FEES 

 Ongoing Support 
 Spectra Energy US 
 $24,000 monthly 
 Transformation Support 
 Spectra Energy US 
 $9,000 monthly 
 No VMO fees for Canada due to the existence of a VMO organization in Canada. 
 NOTE: All items in the scope of services would fall into both fee categories ( On-going and Transformation) with the exception of “Prepare a spreadsheet of
current active employee/contract phone numbers on Spectra Energy portal page(s) for the entire year of 2007 and update it weekly” which would fall into the Ongoing support category. This is based on the fact that individuals from both
areas will spend a percentage of time on both categories of support. 
 NOTE: Fees above are calculated as 8.1% of the budget (for the
transformation group and the ongoing support group) required to support Spectra Energy and is derived by headcount representation. Transformation includes project support as well as labour, travel and office expenses for 8 people. Ongoing support
includes managing day to day operations of the Hewitt services including such things as contracts and payroll. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Despite the
change in reporting structure where the Canadian staff performing VMO functions for Canada are now reporting to Spectra Energy, the same level of direct access to and communication with Hewitt will be required for these individuals during 2007.
Examples include: 
 Continue to communicate and pass information to the Hewitt staff in Toronto and the Account Manager in Charlotte through:

  

	 	a)	informal or formal meetings to discuss status or resolve issues 

  

	 	b)	providing updates on policies, programs, SOX 

  

	 	c)	educating Hewitt based on changes or issues 

 Continue to
meet on a regular basis either in person at the Hewitt facilities or the Duke Chatham office or by telephone in order to: 
  

	 	a)	plan for projects i.e. year-end , union contract implementations 

  

	 	b)	discuss issues/problems 

  

	 	c)	evaluate calls to the centre call 

  

 A-15 

 CONFIDENTIAL 
  

 Continue to pass information via email or by mail regarding communications to employees and to verify
and review outputs Continue to submit business requirements (Change Requests/Change Orders) for projects including contract increases, audits, special payments, mass changes, reorganizations etc. 
 Continue to participate in status and performance reviews with Hewitt and members of the US VMO staff including monthly performance meetings and meetings
regarding escalation of issues 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Martin W Brown
 Managing Director, HR Client Services

 Phone: 704-382-5961
 Mobile: 704-460-0040
 Facsimile: 704-382-4537
 E-mail: mbrown@duke-energy.com
	  	Attn:	  	 Mark Heavens
 HR Business Process Development Manager

 Phone: 519-436-4600-2484
 Mobile: 519-365-3422
 Facsimile: 519-436-5480
 E-mail: MHeavens@duke-energy.com

  

 A-16 

 CONFIDENTIAL 
  

 SCHEDULE A-8 
  

			
	Service Name:	  	SPECTRA ENERGY GENERAL HR CONSULTING
		
	ID Number(s):	  	180

  

	I.	SCOPE OF SERVICES 

 Services: 
 Consulting, outside of that referenced in specific HR Service Agreements, with Subject Matter Experts from Duke, Human Resources, on an on-going basis through 2007.
Consulting may be in the form of telephone and email exchange or meetings as required. Expertise may be sought from the following functions: 
  

	 	•	 	 Staffing & Recruiting 

  

	 	•	 	 Training & Development 

  

	 	•	 	 General & Executive Compensation 

  

	 	•	 	 US Benefits 

  

	 	•	 	 Compliance 

  

	 	•	 	 Vendor Management Office 

  

	 	•	 	 Employee Relations 

  

	 	•	 	 Medical Management 

  

	 	•	 	 Labor Relations 

  

	 	•	 	 Business Support and General Services 

  

	II.	SERVICES TERM 

 January 1, 2007 to
December 31, 2007 
  

	III.	FEES 

 Staffing & Recruiting -
$79/hour + out of pocket expenses 
 Training & Development - $86/hour + out of pocket expenses 
 General & Executive Compensation - $112/hour + out of pocket expenses 
 US Benefits - $80/hour + out of pocket expenses 
 Compliance - $93/hour + out of pocket expenses 
 Vendor Management Office Support - $84/hour + out of pocket expenses 
 Vendor Management Office Transformation - $127/hour + out of pocket expenses 
  

 A-17 

 CONFIDENTIAL 
  

 Employee Relations - $78/hour + out of pocket expenses 
 Medical Management - $122/hour + out of pocket expenses 
 Labor Relations - $113/hour + out of pocket expenses 
 Business Support and General Services—$111/hour
+ out of pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Not
applicable 
  

	V.	CONTACTS 

  

			
	Service Provider:	  	Service Recipient:
		
	 Colon McLean –
 VP, HR Business Support
 Phone: 704-382-3442
 Mobile 704-651-6317
 Facsimile: 704-382-1982
 E-mail: csmclean@duke-energy.com
	  	 Jim Haynes
 VP,
HR Spectra Energy US
 Phone: 713-627-5166
 Mobile: 713-501-5641
 Facsimile: 713-989-3181
 E-mail: jdhaynes@duke-energy.com

  

 A-18 

 CONFIDENTIAL 
  

 SCHEDULE A-9 
  

			
	Service Name:	  	DCP MIDSTREAM GENERAL HR CONSULTING
		
	ID Number(s):	  	202

  

	I.	SCOPE OF SERVICES 

 Services: 
 Consulting, outside of that referenced in specific HR Service Agreements, with Subject Matter Experts from Duke, Human Resources, on an on-going basis through 2007.
Consulting may be in the form of telephone and email exchange or meetings as required. Expertise may be sought from the following functions: 
  

	 	•	 	 Staffing & Recruiting 

  

	 	•	 	 Training & Development 

  

	 	•	 	 General & Executive Compensation 

  

	 	•	 	 US Benefits 

  

	 	•	 	 Compliance 

  

	 	•	 	 Vendor Management Office 

  

	 	•	 	 Employee Relations 

  

	 	•	 	 Medical Management 

  

	 	•	 	 Labor Relations 

  

	 	•	 	 Business Support and General Services 

  

	II.	SERVICES TERM 

 January 1, 2007 to
December 31, 2007 
  

	III.	FEES 

 Staffing & Recruiting -
$79/hour + out of pocket expenses 
 Training & Development - $86/hour + out of pocket expenses 
 General & Executive Compensation - $112/hour + out of pocket expenses 
 US Benefits - $80/hour + out of pocket expenses 
 Compliance - $93/hour + out of pocket expenses 
 Vendor Management Office Support - $84/hour + out of pocket expenses 

 

 A-19 

 CONFIDENTIAL 
  

 Vendor Management Office Transformation - $127/hour + out of pocket expenses 
 Employee Relations - $78/hour + out of pocket expenses 
 Medical Management - $122/hour + out of pocket expenses 
 Labor Relations - $113/hour + out of pocket
expenses 
 Business Support and General Services - $111/hour + out of pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Not
applicable 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Colon McLean –
 VP, HR Business Support

Phone: 704-382-3442
 Mobile 704-651-6317
 Facsimile: 704-382-1982
 E-mail: csmclean@duke-energy.com
	  	Attn:	  	 Jim Haynes
 VP, HR Spectra Energy US
 Phone: 713-627-5166
 Mobile: 713-501-5641
 Facsimile: 713-989-3181
 E-mail: jdhaynes@duke-energy.com

				
		  		  	Attn:	  	 Chris Lewis
 VP Human Resources, DCP Midstream

Phone: 303-605-2191
 Mobile: 303-803-2185
 Facsimile: 303-605-2227
 E-mail: calewish@duke-energy.com

  

 A-20 

 CONFIDENTIAL 
  

 SCHEDULE A-10 
  

			
	Service Name:	  	SPECTRA ENERGY NON-QUALIFIED ADMINISTRATION - EXECUTIVE BENEFITS
		
	ID Number(s):	  	41

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall provide to Spectra
Energy the following services to assist with Spectra Energy’s administration of its non-qualified executive benefit plans for employees and directors: 
  

	 	•	 	 Coordinate with external vendor(s) to make certain that executive information including elections, deferrals and beneficiary designations for the Spectra Energy
non-qualified defined benefit plan(s) and the nonqualified defined contribution plan(s) are maintained timely and correctly for plan participants; 

  

	 	•	 	 Research and respond to vendor(s) and payroll questions regarding these plans; 

  

	 	•	 	 Verify the quarterly statements prior to distribution to participants; 

  

	 	•	 	 Work with Spectra Energy to facilitate Spectra Energy’s payments of amounts to participants; 

  

	 	•	 	 Process payments due to termination of employment according to the plan and the participant’s elections; 

  

	 	•	 	 Respond to and answer participant and other inquiries; 

  

	 	•	 	 Coordinate with the Trustee and resolve any issues; 

  

	 	•	 	 Provide budget variance explanations monthly and quarterly as requested by Spectra Energy; 

  

	 	•	 	 Enroll new entrants outside of the annual enrollment process (e.g. Approved new hires and promotions) as requested by Spectra Energy; 

 

	 	•	 	 Resolve or work with vendors to resolve any data related issues; 

  

	 	•	 	 Work with Spectra Energy to communicate any plan changes that might be required during 2007 for the 2007 plan year; 

  

	 	•	 	 Provide reconciliation data to Spectra Energy during the vendor(s) transfer process; 

  

	 	•	 	 Provide to Payroll and any other internal or external sources whatever information is needed to maintain these plans; 

  

	 	•	 	 Provide information on investment elections and funding as required; and 

  

	 	•	 	 Provide information on Section 16 participants to Legal. 

 Subject to, and to the extent provided in the Funding Services Agreement, dated as of October 1, 1977, by and between Duke Energy Corporation (a North Carolina corporation now known as Duke Energy Carolinas, LLC)
and Buck Consultants LLC as successor to Vinings Mellon LLC which assumed the rights and obligations of Vinings Management Corporation, as amended from time-to-time (the “Buck Agreement”), Duke Energy Corporation, a Delaware corporation,
will provide such Services as defined or used in the Buck Agreement to Spectra Energy. 
  

 A-21 

 CONFIDENTIAL 
  

 Subject to, and to the extent provided in the Trust Agreement, as amended from time-to-time (the “Trust
Agreement”), originally dated as of March 12, 1996, by and between Duke Energy Corporation (a North Carolina corporation now known as Duke Energy Carolinas, LLC) and Wachovia Bank of North Carolina, N.A. (“Trustee”), Duke Energy
Corporation, a Delaware corporation, will provide such services as defined or used in the Trust Agreement to Spectra Energy. 
 Subject to, and to the extent
provided in the Duke Energy Corporation Grantor Trust Agreement, dated as of October 1, 1997, by and between Duke Energy Corporation (a North Carolina corporation now known as Duke Energy Carolinas, LLC) and Wachovia Bank N.A., including the
Wachovia Executive Services – Executive Compensation and other Non-qualified Trust Services (the “Wachovia Agreement”), Duke Energy Corporation, a Delaware corporation, will provide the services it receives from Trustee, as defined or
used in the Wachovia Agreement, to Spectra Energy. 
  

	II.	SERVICES TERM 

 January 1, 2007 –
June 30, 2007 
  

	III.	FEES 

 U.S. Plan Costs 
 $766,000 monthly 
 U.S. Vendor Costs (Buck and Wachovia) 

$23,000 monthly 
 Note: This assumes that Buck will have one file
transmission with Hewitt. If two data file transmissions are necessary, then the annual fee will increase by $20,000 and a one time fee of $5000 will be charged for setup and testing. 
 Note: Internal administration costs for U.S. Comp/ Executive Comp services are included in the fixed pricing that is stated in the TSA “Stock Plan Administration – Internal.” 
 Canadian Plan Costs 
 Not applicable. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Not
applicable. 
  

 A-22 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Kim Pate
 Director, Compensation Strategy and Executive
Compensation
 Phone: 704-382-0313
 Mobile:
704-578-6326
 Facsimile: 704-382-8977
 E-mail:
kcpate@duke-energy.com
	  	Attn:	  	 Charlotte Wayland
 VP, Executive and US
Benefits
 Phone: 908-373-6596
 Mobile: 704-560-3670
 Facsimile: 704-382-8794
 E-mail:
cmwaylan@duke-energy.com

  

 A-23 

 CONFIDENTIAL 
  

 SCHEDULE A-11 
  

			
	Service Name:	  	SPECTRA ENERGY STOCK PLAN ADMINISTRATION – EXTERNAL CONTRACTS – SMITH BARNEY
		
	ID Number(s):	  	125

  

	I.	SCOPE OF SERVICES 

 Background: 
 Smith Barney is vendor for stock administration – external and provides administrative services in connection with the following stock based compensation plan(s):
Duke Energy Corporation 1998 Long-Term Incentive Plan; Long Term Incentive Share Option Plan, 1998 (as amended April 26, 2000), Duke Energy Corporation Stock Incentive Plan, and Panhandle Eastern Corporation 1994 Long-Term Incentive Plan.

 Services: 
 Duke Energy will provide Spectra Energy
with the following services: 
  

	 	•	 	 Records & Information – Maintain participant and award data to be updated each trading day to reflect all activity through the day. Provide daily
reports indicating the number of shares of Spectra Energy Common Stock to be delivered for the prior trading day’s exercises and the aggregate amount of funds to be paid by purchasers for the exercise price for the shares of stock and the taxes
or other deductions collected or withheld in connection with such exercise pursuant to the company’s instructions. 

  

	 	•	 	 Option Exercises and Payment – Cause a third party record-keeper to establish and maintain a program and procedures to allow participants to exercise their
options and to pay the costs in one of several means to include: exercise and sell to cover, exercise and sell balance, exercise and hold, exercise with stock (stock-for-stock). 

  

	 	•	 	 Plan Accounts – Establish and maintain a limited brokerage account for each participant who exercises options. 

  

	 	•	 	 Telephone Services – Provide participant’s access to third parties automated VRU, for transactions. 

  

	 	•	 	 Reports – Will provide participants with standard set of activity statements related to accounts. Will provide to Spectra Energy, on a routine basis, reports
mutually agreed upon to aid in the administration of the awards. 

  

	 	•	 	 Internet Services – Provide participant’s access to certain plan and option information, including participants’ transaction history and participant
balance information, the ability to model certain transactions with respect to the plan and the ability to effect certain transactions, including cashless exercise transactions. 

  

 A-24 

 CONFIDENTIAL 
  

	 	•	 	 Restricted Stock Awards, Performance Shares, Phantom Stock – Based on information provided by Spectra Energy, ensure the appropriate administration of awards,
including tax payment elections and dividends treatment. 

 Subject to, and to the extent provided in the Stock Plan Services Agreement,
dated as of April 26, 2005, by and between Duke Energy Corporation (a North Carolina corporation now known as Duke Energy Carolinas, LLC) and Citigroup Global Markets, Inc. (the “Smith Barney Agreement”), Duke Energy Corporation, a
Delaware corporation, will provide such Services as defined or used in the Smith Barney Agreement to Spectra Energy. 
  

	II.	SERVICES TERM 

 January 1, 2007 –
December 31, 2007. 
  

	III.	FEES 

 Plan Costs (US) 
 (Restricted Stock, PE EPS Units, Stock Options, Phantom Stock, Equity Projections Phantom, Performance Awards, Equity Projections Performance) 

$851,000 monthly 
 Plan Costs
(Canada) 
 (Stock Options, Phantom Stock, Equity Projections Phantom, Performance Awards, Equity Projections Performance) 
 $312,000 monthly 
 Vendor Costs (Smith
Barney) 
 Spectra Energy US 
 $4,000 monthly 
 Spectra Energy Canada (Smith Barney) 
 $4,000 monthly 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

 A-25 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Kim Pate
 Director, Compensation Strategy and Executive
Compensation
 Phone: 704-382-0313
 Mobile:
704-578-6326
 Facsimile: 704-382-8977
 E-mail:
kcpate@duke-energy.com
	  	Attn:	  	 Rebecca McCleary
 Director, Compensation
 Phone: 713-627-5878
 Mobile: 832-754-9685
 Facsimile: 713-989-1503
 E-mail:
rfmccleary@duke-energy.com

  

 A-26 

 CONFIDENTIAL 
  

 SCHEDULE A-12 
  

			
	Service Name:	  	SPECTRA ENERGY TRAINING AND DEVELOPMENT SERVICES
		
	ID Number(s):	  	43

  

	I.	SCOPE OF SERVICES 

 Services: 
 Development and Delivery of ‘07 “Leading a High Performance Organization”, LHPO, training for Spectra Energy. (Cowie) 
  

	 	•	 	 Design and develop an eight-hour LHPO follow-up training (industry standard used: twenty hours of design per one hour of delivery) 

  

	 	•	 	 Deliver approximately 30 sessions of the LHPO follow-up training beginning March/April 2007 (Delivery and Travel Time) This could be instructed by Cowie or a third
part contract instructor 

 Duke Energy Instructor-led Training classes (Professional Development and All Employee
classes) 
  

	 	•	 	 Deliver current Duke Energy courses currently taught by Duke Energy via third party instructors, i.e., Presentation Skills, Conflict Management, Listening Skills,
etc. 

  

	 	•	 	 Would need approximately 20 days of instruction 

 Program Management of Training until July 1, 2007 
  

	 	•	 	 Manage all Spectra Energy courses for the first 8 months of ‘07 

  

	 	•	 	 We would need approximately .5 FTE (Nolen) for eight months 

 Forum Corporation through Duke Energy will provide Leadership and Professional training instruction 
  

	 	•	 	 Spectra Energy plans to deliver the same Forum courses and an equivalent number of sessions as ‘06: 

  

	 	•	 	 4 Managerial Leadership Development (MLD) 

  

	 	•	 	 5 Supervisory Leadership Development (SLD) 

  

	 	•	 	 3 Emerging Leader Program (ELP) 

  

	 	•	 	 Estimated 60 Competency courses for US and Canada 

 Consultation of Corporate Human Resources Talent Management Team 
  

	 	•	 	 Periodic consulting from the Duke Energy Organizational Development Group 

 Subject to, and to the extent provided in the Curriculum Development and Training Agreement (the “Forum Agreement”), dated as of June 6, 2000, by and between Duke Energy Corporation (a North Carolina
corporation now known as Duke Energy Carolinas, LLC) and The Forum Corporation of North America (“Forum”), Duke Energy Corporation, a Delaware corporation, will provide such Work as defined or used in the Forum Agreement to Spectra Energy.

  

 A-27 

 CONFIDENTIAL 
  

	II.	SERVICES TERM 

 January 1, 2007
–December 31, 2007. 
  

	III.	FEES 

 Internal labor 
 Spectra Energy US 
 $10,000 monthly 
 Spectra Energy Canada 
 $16,000 monthly 
 Vendor
(Forum) 
 Spectra Energy US 
 $24,000 monthly 
 Spectra Energy Canada 
 $16,000 monthly 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Not
applicable. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Mark Short
 Managing Director, Organization Developement

 Phone: 704-382-7056
 Mobile: 704-577-3158
 Facsimile 704-382-3553
 E-mail: mlshort@duke-energy.com
	  	Attn:	  	 Michael Landrum
 Manager Training & Development
– Spectra Energy
 Phone: 713-627-5456
 Mobile: 713-851-5182

 Facsimile: 713-989-1503
 E-mail:
mlandrum@duke-energy.com

  

 A-28 

 CONFIDENTIAL 
  

 SCHEDULE A-13 
  

			
	Service Name:	  	SPECTRA ENERGY STOCK PLAN ADMINISTRATION – EXTERNAL CONTRACT - FIDELITY
		
	ID Number(s):	  	208

  

	I.	SCOPE OF SERVICES 

 Background: 
 Fidelity is vendor for stock administration for legacy Cinergy employees – external and provides administrative services in connection with the following stock based
compensation plan(s): Cinergy Corp. 1996 Long-Term Incentive Compensation Plan. 
 Services: 
 Duke Energy will provide administration for Spectra Energy stock which is part of the legacy Cinergy employees LTI awards administered by Fidelity: 
  

	 	•	 	 Records & Information – Maintain participant and award data to be updated each trading day to reflect all activity through the day. Provide daily
reports indicating the number of shares of Spectra Energy Common Stock to be delivered for the prior trading day’s exercises and the aggregate amount of funds to be paid by purchasers for the exercise price for the shares of stock and
the taxes or other deductions collected or withheld in connection with such exercise pursuant to the company’s instructions. 

  

	 	•	 	 Option Exercises and Payment – Cause a third party record-keeper to establish and maintain a program and procedures to allow participants to exercise their
options and to pay the costs in one of several means to include: exercise and sell to cover, exercise and sell balance, exercise and hold, exercise with stock (stock-for-stock). 

  

	 	•	 	 Plan Accounts – Establish and maintain a limited brokerage account for each participant who exercises options. 

  

	 	•	 	 Telephone Services – Provide participant’s access to third parties automated VRU, for transactions. 

  

	 	•	 	 Reports – Will provide participants with standard set of activity statements related to accounts. Will provide to Spectra Energy, on a routine basis, reports
agreed to by Duke Energy/Spectra Energy to aid in the administration of the awards. 

  

	 	•	 	 Internet Services – Provide participant’s access to certain plan and option information, including participants’ transaction history and participant
balance information, the ability to model certain transactions with respect to the plan and the ability to effect certain transactions, including cashless exercise transactions. 

  

 A-29 

 CONFIDENTIAL 
  

	 	•	 	 Restricted Stock Awards, Performance Shares, Phantom Stock – Based on information provided by Spectra Energy, ensure the appropriate administration of
awards, including tax payment elections and dividends treatment. 

 Subject to, and to the extent provided in the Terms and Conditions and
Recordkeeping and Administrative Services, Schedule A – Service Schedule (the “Fidelity Agreement”), effective as of December 28, 2004, by and between Cinergy Services, Inc. (a Delaware corporation now known as Duke Energy Shared
Service, Inc.) and Fidelity Stock Plan Services, LLC (“Fidelity”), Duke Energy Corporation, a Delaware corporation, will provide such services as described in the Fidelity Agreement to Spectra Energy. 
  

	II.	SERVICES TERM 

 January 1, 2007
–December 31, 2007. 
  

	III.	FEES 

 US Vendor Costs (Fidelity) 
 $70,000 annually 
 $5,834 monthly 
 Note: Internal administration costs for US Comp/Executive Comp services are included in the fixed pricing that is stated in the TSA “Stock Plan Administration
– Internal” 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Kim Pate
 Director, Compensation Strategy and Executive
Compensation
 Phone: 704-382-0313
 Mobile:
704-578-6326
 Facsimile: 704-382-8977
 E-mail:
kcpate@duke-energy.com
	  	Attn:	  	 Rebecca McCleary
 Director, Compensation
 Phone: 713-627-5878
 Mobile: 832-754-9685
 Facsimile: 713-989-1503
 E-mail:
rfmccleary@duke-energy.com

  

 A-30 

 CONFIDENTIAL 
  

 SCHEDULE A-14 
  

			
	Service Name:	  	DCP MIDSTREAM STOCK PLAN ADMINISTRATION – INTERNAL
		
	ID Number(s):	  	203

  

	I.	SCOPE OF SERVICES 

 Services: 
  

	 	•	 	 Stock Plan Administration Operations 

  

	 	•	 	 Perform daily activity to ensure successful administration of the plans 

  

	 	•	 	 Exercises; run various reports including detailed exercise recap report, taxes due/paid report, daily transaction settlement report and trade date + 3 wire
settlement report 

  

	 	•	 	 Terminations; ensuring coding is correct in the system 

  

	 	•	 	 Disposition letters to participants leaving the company indicating their LTI award disposition based on termination reason 

  

	 	•	 	 Off cycle vesting/releases resulting from terminations with appropriate tax settlements 

  

	 	•	 	 Pro-rated vestings & releases of terminated participants 

  

	 	•	 	 System file updates 

  

	 	•	 	 Participant Data File Updates 

  

	 	•	 	 Ensures appropriate data is updated on the EMPLID spreadsheet for non-US participants and non-employee directors; other employee data is updated through nightly
file upload to Smith Barney; preparing spreadsheets batch-processing jobs related to retirement eligible employees; and ensuring all updates related to status changes. 

  

	 	•	 	 Long Term Incentive Awards 

  

	 	•	 	 Daily administration and reporting of Restricted Stock Awards, Performance Stock Units, Phantom Shares and Stock Options 

  

	 	•	 	 Administration of the following legacy equity plans– Long Term Incentive Share Option Plan, 1989; Panhandle Eastern Corporation 1994 Long-Term Incentive Plan;
Duke Energy Corporation Stock Incentive Plan, 1996 and Duke Energy Corporation 1998 Long-Term Incentive Plan. 

  

	 	•	 	 Track all vesting dates and ensure calculations are accurate. 

  

	 	•	 	 Work with Smith Barney and Investor Relations as appropriate to ensure vested shares are released to employee’s accounts. 

  

	 	•	 	 Ensure all awards are taxed appropriately, including internationals awards, and tax information is reported to accounting 

  

	 	•	 	 Calculate and process through payroll all quarterly dividends for phantom shares. 

  

	 	•	 	 Perform all auditing and reconciliation activities associated with accounts. 

  

	 	•	 	 Ensure all SOX procedures are followed and appropriate documentation is maintained. 

  

 A-31 

 CONFIDENTIAL 
  

	 	•	 	 Prepared monthly and quarterly stock option and stock award reports. Ensure review by Duke Energy or Spectra Energy Director of Compensation, as appropriate.

  

	 	•	 	 Participant Communication 

  

	 	•	 	 Respond to and answer participant questions, address any issues 

  

	II.	SERVICES TERM 

 January 1, 2007 –June 30, 2007.
Duke Energy Stock Administrator 
 Note: Spectra Energy will provide to DCP Midstream after June 30, 2007 
  

	III.	FEES 

 $10,000 monthly which equates to 25%
of Total Administration costs. 
 (The corresponding 75% is accounted for in corresponding Spectra Energy TSA). 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Not
applicable. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:  Kim Pate
            Director, Compensation Strategy and Executive Compensation
            Phone: 704-382-0313
            Mobile: 704-578-6326
            Facsimile: 704-382-8977
            E-mail: kcpate@duke-energy.com
	  	 Service Recipient:
  
 Attn:  Wendy Barber
            Director, Compensation & Benefits – DCP
Midstream
            Phone: 303-605-1764
            Mobile: 720-891-3106
            Facsimile: 303-605-2227
            E-mail: wsbarber@duke-energy.com

		
		  	 Attn:  Rebecca McCleary
            Director, Compensation – Spectra Energy
            Phone: 713-627-5878
            Mobile: 832-754-9685
            Facsimile: 713-989-1503
            E-mail: rfmccleary@duke-energy.com

  

 A-32 

 CONFIDENTIAL 
  

 SCHEDULE A-15 
  

			
	Service Name:	  	DCP MIDSTREAM NON-QUALIFIED ADMINISTRATION - EXECUTIVE BENEFITS
		
	ID Number(s):	  	204

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall provide to DCP
Midstream the following services to assist with administration of DCP Midstream employees who have benefits in the Duke Energy non-qualified executive benefit plans: 
  

	 	•	 	 Coordinate with external vendor(s) to make certain that DCP Midstream executive information including elections, deferrals and beneficiary designations for the Duke
Energy non-qualified defined benefit plan(s) and the nonqualified defined contribution plan(s) are maintained timely and correctly for plan participants. 

  

	 	•	 	 Research and respond to vendor(s) and payroll questions regarding these plans. 

  

	 	•	 	 Verify the quarterly statements prior to distribution to participants. 

  

	 	•	 	 Work with Spectra Energy to provide appropriate funding and payments for participants. 

  

	 	•	 	 Process payments due to termination of employment according to the plan and the participant’s elections. 

  

	 	•	 	 Respond to and answer participant and other inquiries. 

  

	 	•	 	 Coordinate with the Trustee and resolve any issues. 

  

	 	•	 	 Respond to budget variances monthly and quarterly. 

  

	 	•	 	 Resolve any data related issues. 

  

	 	•	 	 Provide reconciliation data to Spectra Energy during the vendor(s) transfer process. 

  

	 	•	 	 Provide to Payroll and any other internal or external sources whatever information is needed to maintain these plans. 

  

	 	•	 	 Provide information on investment elections and funding as required. 

 Subject to, and to the extent provided in the Funding Services Agreement, dated as of October 1, 1977, by and between Duke Energy Corporation (a North Carolina corporation now known as Duke Energy Carolinas, LLC)
and Buck Consultants LLC as successor to Vinings Mellon LLC which assumed the rights and obligations of Vinings Management Corporation, as amended from time-to-time (the “Buck Agreement”), Duke Energy Corporation, a Delaware corporation,
will provide such Services as defined or used in the Buck Agreement to DCP Midstream. 
 Subject to, and to the extent provided in the Duke Energy
Corporation Grantor Trust Agreement, dated as of October 1, 1997, by and between Duke Energy Corporation (a North Carolina corporation now known as Duke Energy Carolinas, LLC) and Wachovia Bank N.A., including the Wachovia Executive Services
– Executive Compensation and other Non-qualified Trust Services (the “Wachovia Agreement”), Duke Energy Corporation, a Delaware corporation, will provide the services it receives from Trustee, as defined or used in the Wachovia
Agreement, to DCP Midstream. 
  

 A-33 

 CONFIDENTIAL 
  

 Note: Payments for DCP Midstream employees may be paid from the Wachovia Trust (above) or Wells Fargo Trust as per
former legacy Pan Energy plan 
  

	II.	SERVICES TERM 

 Internal administration

 January 1, 2007 – June 30, 2007 – Duke Energy Executive Benefits Administrator – NOTE: Spectra Energy will
provide administration to DCP Midstream after June 30, 2007. 
  

	III.	FEES 

 U.S. Plan Costs 
 $1000 monthly 
 Canadian costs are not
applicable. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Not
applicable 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:  Attn: Kim Pate
            Director, Compensation Strategy and Executive
Compensation
            Phone: 704-382-0313
            Mobile: 704-578-6326
            Facsimile: 704-382-8977
            E-mail: kcpate@duke-energy.com
	  	 Service Recipient:
  
 Attn:  Wendy Barber
            Director, Compensation & Benefits – DCP
Midstream
            Phone: 303-605-1764
            Mobile: 720-891-3106
            Facsimile: 303-605-2227
            E-mail: wsbarber@duke-energy.com

		
		  	 Attn:  Charlotte Wayland
            VP, US and Executive Benefits Spectra Energy
            Phone: 908-373-6596
            Mobile: 704-560-3670
            Facsimile: : 704 382 8794
            E-mail: CAWayland@duke-energy.com

  

 A-34 

 CONFIDENTIAL 
  

 SCHEDULE A-16 
  

			
	Service Name:	  	DCP MIDSTREAM STOCK PLAN ADMINISTRATION – EXTERNAL CONTRACT
		
	ID Number(s):	  	205

  

	I.	SCOPE OF SERVICES 

 Services: 
 (Smith Barney is vendor for stock administration – external) 
 Provides administrative services in connection with the Company’s stock based compensation plan(s) titled Duke Energy Corporation 1998 Long-Term Incentive Plan; Long Term Incentive Share Option Plan, 1998 (as
amended April 26, 2000), Duke Energy Corporation Stock Incentive Plan, and Panhandle Eastern Corporation 1994 Long-Term Incentive Plan. 
  

	 	•	 	 Records & Information - Maintain participant and award data to be updated each trading day to reflect all activity through the day. Provide daily reports
indicating the number of shares of Spectra Energy Common Stock to be delivered for the prior trading day’s exercises and the aggregate amount of funds to be paid in the company for the exercise price for the shares of stock and the taxes or
other deductions collected or withheld in connection with such exercise pursuant to the company’s instructions. 

  

	 	•	 	 Option Exercises and Payment – Cause a third party record keeper to establish and maintain a program and procedures to allow participants to exercise their
options and to pay the costs in one of several means to include: exercise and sell to cover, exercise and sell balance, exercise and hold, exercise with stock (stock-for-stock) 

  

	 	•	 	 Plan Accounts – Establish and maintain a limited brokerage account for each participant who exercises options. 

  

	 	•	 	 Telephone Services – Provide participant’s access to third parties automated VRU, for transactions. 

  

	 	•	 	 Reports – Provide participants with standard set of activity statements related to accounts. Provide to the company, on a routine basis, agreed upon reports to
aid in the administration of the awards. 

  

	 	•	 	 Internet Services – Provide participant’s access to certain plan and option information, including participants’ transaction history and participant
balance information, the ability to model certain transactions with respect to the plan and the ability to effect certain transactions, including cashless exercise transactions. 

  

	 	•	 	 Restricted Stock Awards, Performance Shares, Phantom Stock – Based on information provided by Spectra Energy, ensure the appropriate administration of awards,
including tax payment elections and dividends treatment. 

  

 A-35 

 CONFIDENTIAL 
  

 Subject to, and to the extent provided in the Stock Plan Services Agreement, dated as of April 26, 2005, by and
between Duke Energy Corporation (a North Carolina corporation now known as Duke Energy Carolinas, LLC) and Citigroup Global Markets, Inc. (the “Smith Barney Agreement”), Duke Energy Corporation, a Delaware corporation, will provide such
Services as defined or used in the Smith Barney Agreement to DCP Midstream. 
  

	II.	SERVICES TERM 

 January 1, 2007
–December 31, 2007. 
  

	III.	FEES 

 Plan Costs (US) 
 $177,000 monthly 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Not
applicable. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:  Kim Pate
            Director, Compensation Strategy and Executive Compensation
            Phone: 704-382-0313
            Mobile: 704-578-6326
            Facsimile: 704-382-8977
            E-mail: kcpate@duke-energy.com
	  	 Service Recipient:
  
 Attn:  Wendy Barber
            Director, Compensation & Benefits – DCP
Midstream
            Phone: 303-605-1764
            Mobile: 720-891-3106
            Facsimile: 303-605-2227
            E-mail: wsbarber@duke-energy.com

		
		  	 Attn:  Rebecca McCleary
            Director, Compensation – Spectra Energy
            Phone: 713-627-5878
            Mobile: 832-754-9685
            Facsimile: 713-989-1503
            E-mail: rfmccleary@duke-energy.com

  

 A-36 

 CONFIDENTIAL 
  

 SCHEDULE A-17 
  

			
	Service Name:	  	SPECTRA ENERGY STOCK PLAN ADMINISTRATION – INTERNAL
		
	ID Number(s):	  	40

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide to Spectra
Energy the following services: 
  

	 	•	 	 Stock Plan Administration Support 

  

	 	•	 	 Duke Energy will perform daily activity to ensure successful administration of the plans, including: 

  

	 	•	 	 In connection with exercises of options, run various reports including detailed exercise recap report, taxes due/paid report, daily transaction settlement report
and trade date + 3 wire settlement report; 

  

	 	•	 	 In connection with employee terminations: 

  

	 	•	 	 ensuring coding is correct in the system; 

  

	 	•	 	 providing disposition letters to indicate their LTI award disposition based on termination reason; 

  

	 	•	 	 providing off cycle vesting/releases with appropriate tax settlements; and 

  

	 	•	 	 Providing pro-rated vestings & releases of terminated participants. 

  

	 	•	 	 Duke Energy will perform system file updates as needed. 

  

	 	•	 	 Participant Data File Updates 

  

	 	•	 	 Duke Energy will ensure appropriate data is updated on the EMPLID spreadsheet for non-US participants and non-employee directors; other employee data is updated
through nightly file upload to Smith Barney; preparing spreadsheets batch-processing jobs related to retirement eligible employees; and ensuring all updates related to status changes. 

  

	 	•	 	 Long Term Incentive Awards 

  

	 	•	 	 Duke Energy will provide daily administration and reporting of Restricted Stock Awards, Performance Stock Units, Phantom Shares and Stock Options.

  

	 	•	 	 Duke energy will administer the following legacy equity plans– Long Term Incentive Share Option Plan, 1989; Panhandle Eastern Corporation 1994 Long-Term
Incentive Plan; Duke Energy Corporation Stock Incentive Plan, 1996 and Duke Energy Corporation 1998 Long-Term Incentive Plan. Administration of the new “Spectra Energy” 2007 LTI plan 

  

 A-37 

 CONFIDENTIAL 
  

	 	•	 	 Duke Energy will provide support to Spectra Energy to facilitate Spectra Energy setting up its new equity plan and grant agreement set up

  

	 	•	 	 Duke Energy will ensure award documents are loaded into the system; work with Smith Barney to ensure Online Grant Acceptance and Online Award Acceptance process are
in place for employee acceptances, including all needed PacID’s. 

  

	 	•	 	 Duke Energy will track all vesting dates and ensure calculations are accurate. 

  

	 	•	 	 Duke Energy will work with Smith Barney and Investor Relations as appropriate to ensure vested shares are released to employee’s accounts.

  

	 	•	 	 Duke Energy will ensure all awards are taxed appropriately, including internationals awards, and tax information is reported to accounting

  

	 	•	 	 Duke Energy will calculate and process through payroll all quarterly dividends for phantom shares. 

  

	 	•	 	 Duke Energy will perform all auditing and reconciliation activities associated with accounts. 

  

	 	•	 	 Duke Energy will ensure all SOX procedures are followed and appropriate documentation is maintained. 

  

	 	•	 	 Duke Energy will prepare monthly and quarterly stock option and stock award reports and furnish such to the Spectra Energy Director of Compensation.

 Note: Duke Energy Stock Administration will provide to Spectra Energy the same stock administration services listed above associated
with Spectra Energy stock for legacy Cinergy employees at Fidelity. 
  

	 	•	 	 Insider Trading/Section 16 Insiders 

  

	 	•	 	 Duke Energy will ensure appropriate assignment of values for Duke Insiders and notification to Smith Barney when restrictions are no longer in place

  

	 	•	 	 Participant Communication 

  

	 	•	 	 Duke Energy will respond to and answer participant questions. 

  

	II.	SERVICES TERM 

 January 1, 2007
–June 30, 2007. 
  

	III.	FEES 

 Spectra Energy US only (50% of
admin costs) 
 $21,000 monthly 
 Executive STI Payments (Fowler and Dill) 
 $68,000 monthly 
  

 A-38 

 CONFIDENTIAL 
  

 Spectra Energy Canada only (25% of admin costs) 
 $10,000 monthly 
 Remaining 25% of admin
costs are charged to DCP Midstream and are accounted for in the corresponding DCP Midstream TSA. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Not
applicable. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:   Kim Pate
            Director, Compensation Strategy and Executive
Compensation
            Phone: 704-382-0313
            Mobile: 704-587-6326
            Facsimile: 704-382-8977
            E-mail: kcpate@duke-energy.com
	  	 Service Recipient:
  
 Attn:   Rebecca McCleary
            Director, Compensation
            Phone: 713-627-5878
            Mobile: 832-754-9685
            Facsimile: 713-989-1503
            E-mail: rfmccleary@duke-energy.com

  

 A-39 

 CONFIDENTIAL 
  

 SCHEDULE A-18 
  

			
	Service Name:	  	SPECTRA ENERGY TRAINING AND DEVELOPMENT CBT DEVELOPER
		
	ID Number(s):	  	3, 160

  

	I.	SCOPE OF SERVICES 

  

	 	•	 	 Develop, maintain, and troubleshoot Computer Based Training sessions for Environment, Health & Safety, Employee Development and Spectra Energy Compliance
which includes needs Analysis; Evaluation of E-learning solution; Consultation; Project Management; Design, Development, Testing, Implementation and Maintenance 

  

	 	•	 	 Related duties to be performed include Storyboard development, Testing/Scenario Requirements, graphics & photos, Animations/Flash movies, training tracking
requirements (i.e. People soft), Intranet Delivery, Audio, Video (limited), Book Mark student’s progress, Testing, Track Training Records, CD delivery (for outside firewall) 

  

	 	•	 	 Approximately 75% of a FTE equivalent is required; 

  

	 	•	 	 Current Senior Web Consultant support out of Houston office- Ronnie Proctor 

  

	II.	SERVICES TERM 

 January 1, 2007 –December 31, 2007

  

	III.	FEES 

 $14,000 per month US dollars 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

 A-40 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:   Wendy Nepute
            Director, Talent Management Strategies
            Phone: 513-287-2634
            Mobile: 513-520-1173
            Facsimile: 513-419-5567
            E-mail: Wendy.Nepute@duke-energy.com
	  	 Service Recipient:
  
 Attn:   Michael Landrum
            Manager Training & Development – Spectra
Energy
            Phone: 713-627-5456
            Mobile: 713-851-5182
            Facsimile: 713-989-1503
            E-mail: mlandrum@duke-energy.com

  

 A-41 

 CONFIDENTIAL 
  

 SCHEDULE A-19 
  

			
	Service Name:	  	SPECTRA ENERGY U.S. BENEFIT PLAN ADMINISTRATION
		
	ID Number(s):	  	39

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall provide to Spectra
Energy: 
 U.S.Benefits Accounting & Funding 
  

	 	•	 	 Benefits Accounting receives the invoices, enters accounting information in the system and AP pays the invoice or wires the money, performs financial
reconciliation; 

  

	 	•	 	 Benefits funding (transferring funds, maintaining funding vehicles, liaison with Payroll); 

  

	 	•	 	 Making required filings (i.e. PBGC filing/premiums) 

  

	 	•	 	 Assist Spectra Energyin achieving the ability to perform required filings in 2008 for 2007 (i.e. 5500s, Summary Annual Reports, VEBA tax returns);

  

	 	•	 	 Assist Spectra Energy with its SOX self audit process and auditor interaction; 

  

	 	•	 	 Assist Spectra Energy with its Form 10-Q and related financial disclosure; and 

  

	 	•	 	 Administer PanEnergy and Texas Eastern non-qualified plans (including any necessary record keeping activities) and funding. 

 U.S.Health & Welfare Plan Administration 
  

	 	•	 	 Assist Spectra Energy in resolving implementation and other issues as they arise; 

  

	 	•	 	 Perform general plan management of health and welfare plans; 

  

	 	•	 	 Provide assistance with Plan interpretation; 

  

	 	•	 	 Perform vendor management related to processes, escalated issues, performance measures, contract management; 

  

	 	•	 	 Ensure compliance with emerging and ongoing regulatory requirements; 

  

	 	•	 	 Perform DCSA compliance testing; 

  

	 	•	 	 Assist with claims on appeal; and 

  

	 	•	 	 Support the Medicare Part D process (application and reimbursement filing). 

 U.S.Retirement, Pension & Savings 
  

	 	•	 	 Assist Spectra Energy in resolving implementation and other issues as they arise; 

  

	 	•	 	 Perform general plan management of retirement, pension and savings plans; 

  

	 	•	 	 Assist with money manager issues (liaison between Plans and Finance group); 

  

	 	•	 	 Provide assistance with Plan interpretation; 

  

	 	•	 	 Perform discrimination testing for RSP (plus any required RCBP compliance testing); 

  

	 	•	 	 Provide assistance with pension and savings asset movement; 

  

 A-42 

 CONFIDENTIAL 
  

	 	•	 	 Complete or assist with IRS and/or other applicable governmental filings (qualification letters); and 

  

	 	•	 	 Assist with claims on appeal. 

 U.S.Employee Benefits Communication 
  

	 	•	 	 Provide employee communications required for benefit purposes (including annual enrollment closeout); 

  

	 	•	 	 Provide reports, information and assist with training, as necessary, to help Spectra Energy prepare for stand-alone benefits administration effective
January 1, 2008; and 

  

	 	•	 	 Prepare 2007 summary plan descriptions. 

  

	II.	SERVICES TERM 

 January 1, 2007 –December 31, 2007.

  

	III.	FEES 

 Plan Costs 
 $4,009,000 monthly 
 Third Party Costs

 $115,000 monthly 
 Internal labor 
 $33,000 monthly 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 To the extent Duke Energy
is to make any payment on behalf of Spectra Energy or any of its Subsidiaries as part of providing services under this Schedule, Spectra Energy must fund by wire transfer to a bank account designated by Duke Energy an amount of cash equal to such
payment, which funding must be received at such Duke Energy bank account prior to the time such payment is due to be paid from such Duke Energy bank account. Duke Energy shall have no obligation to pay any amounts on behalf of Spectra Energy or any
of its Subsidiaries until sufficient funds have been so transferred. Under this Schedule, such services include Duke Energy funding benefits related to Spectra Energy and its Subsidiaries. 
 Costs for premium stabilization reserve setup at Jefferson Pilot to help fund Spectra Energy Basic Life will be borne by Spectra Energy. This is a pass through cost
and is not currently reflected in pricing. 
  

 A-43 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:   Donna Korte
            Director Health & Insurance
            Phone: 704-382-0906
            Mobile: 513-312-4793
            Facsimile: 704-382-8977
            E-mail: Donna.Korte@duke-energy.com
	  	 Service Recipient:
  
 Attn:   Charlotte Wayland
            VP, Executive and US Benefits
            Phone: 908-373-6596
            Mobile: 704-560-3670
            Facsimile: 704 382 8794
            E-mail: cmwaylan@duke-energy.com

  

 A-44 

 CONFIDENTIAL 
  

 SCHEDULE A-20 
  

			
	Service Name:	  	DCP MIDSTREAM HEWITT SERVICES
		
	ID Number(s):	  	149

  

	I.	SCOPE OF SERVICES 

 Subject to, and to the extent provided in
the Human Resources Services Agreement between Duke Energy Corporation (a North Carolina corporation and now Duke Power Company LLC) and Hewitt Associates LLC, dated as of May 16, 2005, and as amended from time-to-time (the “HRO
Agreement”), Duke Energy will provide such services as defined in the HRO Agreement to DCP Midstream. 
  

	II.	SERVICES TERM 

 January 1, 2007 –December 31, 2007.

  

	III.	FEES 

 Ongoing Vendor Costs

 $121,000 monthly estimate, provided, however, the actual cost will vary based on the number of relevant participants and a per
participant charge of $7.964, plus certain related pass-through expenses for postage, delivery, fulfillment processing, and communication processes. 
 Implementation Costs 
 $42,858.monthly 
 Benefits Administration 
 $18,000
monthly estimate, provided, however, the actual cost will vary based on the number of relevant participants and a per participant charge of $52.844, plus certain related pass-through expenses for postage, delivery, fulfillment processing, and
communication processes. 
 NOTE: Implementation costs for DCP Midstream includes Market Link, Workbrain, Peoplesoft, Taleo and Sum Total. 
 NOTE: Should DCP Mistream opt to utilize Success Factors, they will be billed $6,682 per month ($80,185. annually) for implementation fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 All segments of DCP Midstream are
expected to continue utilization of services as designated in the HRO Agreement through June 30, 2007 to prevent the triggering of additional costs to Duke Energy under the HRO Agreement. In the event that the early 

  

 A-45 

 CONFIDENTIAL 
  

 
exit of DCP Midstream through Spectra Energy from receipt of services under the HRO Agreement, in accordance with Section 4.2(a) of the Agreement, prior
to June 30, 2007, Spectra Energy will be responsible 100% of the incremental costs incurred by Duke Energy as a result of such early exit by DCP Midstream through Spectra Energy, including any early termination fee, waiver charge, or repricing
of per participant costs. 
 Pass through costs and change order specific to DCP Midstream will be invoiced directly to DCP Midstream through Spectra Energy.

 Ongoing provision of Hewitt Services through the HRO Agreement is currently in place with Duke Energy VMO. 
 Services shall be provided in accordance with the terms and subject to the conditions of the HRO Agreement currently in place with Duke Energy VMO. 
 Notwithstanding the foregoing, Duke Energy shall not be obligated to provide, and DCP Midstream through Spectra Energy shall not be required to accept, the following
services after responsibility for providing those services is transferred to Hewitt: Management Self Service, Compensation, and Your Total Rewards. 
 Should
DCP Midstream choose to participate in Success Factors (Succession Planning & Performance Management Tool); costing is identified in fees above. 
 To the extent Duke Energy is to make any payment on behalf of Spectra Energy or any of its Subsidiaries (including DCP Midstream) as part of providing services under this Schedule, Spectra Energy must fund (be responsible for DCP Midstream
funding) by wire transfer to a bank account designated by Duke Energy an amount of cash equal to such payment, which funding must be received at such Duke Energy bank account prior to the time such payment is due to be paid from such Duke Energy
bank account. Duke Energy shall have no obligation to pay any amounts on behalf of Spectra Energy or any of its Subsidiaries (including DCP Midstream) until sufficient funds have been so transferred. Under this Schedule, such services include Duke
Energy funding payroll related to DCP Midstream and its Subsidiaries. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn: Martin W Brown
          Managing Director, HR Client Services
	 	 Service Recipient:
  
 Attn:   Mark Heavens
            HR Business Process Development
            Manager - Spectra Energy

	          Phone: 704-382-5961
          Mobile: 704-460-0040
          Facsimile: 704-382-4537
          E-mail: mbrown@duke-energy.com
	 	            Phone: 519- 436-4600 - 2484

           Mobile: 519-365-3422
            Facsimile: 519-436-5480
            E-mail: MHeavens@duke-energy.com

  

 A-46 

 CONFIDENTIAL 
  

			
		 	 Attn:   Chris Lewis
            VP Human Resources, DCP Midstream
            Phone: 303-605-2191
            Mobile: 303-803-2185
            Facsimile: 303- 605-2227
            E-mail: calewish@duke-energy.com

  

 A-47 

 CONFIDENTIAL 
  

 SCHEDULE A-21 
  

			
	Service Name:	  	SPECTRA ENERGY EHS MANAGEMENT SYSTEM AUDITS
		
	ID Number(s):	  	38

  

	I.	SCOPE OF SERVICES 

 Duke Energy Audit Services will provide
EHS Management System audit services to Spectra Energy during 2007, until Spectra Energy can establish the internal capabilities. The intended services can range from performing the audits to assisting in the training of Spectra Energy resources
that will be performing EHS Management System audits. 
  

	II.	SERVICES TERM 

 January 1, 2007 – December 31,
2007 
  

	III.	FEES 

 Consultation Fees: 

All Duke Energy personnel: $124 per hour plus out of pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Duke Energy shall provide
up to a maximum of 1,000 hours of time from Duke Energy Audit Services. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:   Joe Peak
            Director, Audit Services
            Phone: 704-382-0570
            Mobile:
            Facsimile: 704-382-3795
            E-mail: jdpeak@duke-energy.com
	  	 Service Recipient:
  
 Attn:   Dorothy Ables
            VP Audit, Ethics and Compliance
            Phone: 713-627-4400
            Mobile: 713-204-1230
            Facsimile: 713-989-3257
            E-mail: dmables@duke-energy.com

  

 A-48 

 CONFIDENTIAL 
  

 SCHEDULE A-22 
  

			
	Service Name:	  	SPECTRA ENERGY CONSOLIDATIONS ASSISTANCE
		
	ID Number(s):	  	124

  

	I.	SCOPE OF SERVICES 

 Consultation - Duke
Energy’s Consolidations team will provide consulting services to Spectra Energy relating to accounting consolidation matters, mainly dealing with Hyperion issues. Assistance will be provided on an ad-hoc basis to ensure that Spectra Energy
consolidations are properly done and may require set-up of trees for various scenarios or troubleshooting system problems. 
  

	II.	SERVICES TERM 

 January 1, 2007 - March
31, 2007 
  

	III.	FEES 

 Consultation Fees: 
 All Duke Energy personnel: $105/hour, plus out of pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None.

  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:   Edward Leonard
            Phone: 980-373-6924
            Mobile: 704-564-7816
            Facsimile: 704-382-0135
            E-mail: ewleonar@duke-energy.com
	  	 Service Recipient:
  
 Attn:   M. Kevin White
            Phone: 713-627-5440
            Mobile: 713-410-8967
            Facsimile: 713-627-4699
            E-mail: mkwhite@duke-energy.com

  

 A-49 

 CONFIDENTIAL 
  

 SCHEDULE A-23 
  

			
	Service Name:	  	SPECTRA ENERGY CORPORATE ACCOUNTING FUNCTIONS
		
	ID Number(s):	  	123

  

	I.	SCOPE OF SERVICES 

  

	 	A.	Duke Energy Corporate Accounting will provide to Spectra Energy accounting, reporting, and reconciliation services in the following areas: stock compensation, pension, and other
benefits. The stock compensation accounting service includes coverage for DCP Midstream (i.e. legacy Duke Energy employees who are a part of DCP Midstream). Services include the preparation of necessary journal entries, internal reports,
reconciliations, and financial statement disclosures, including required supporting documentation. 

  

	 	B.	Duke Energy Corporate Accounting will provide to Spectra Energy allocations support for payroll taxes, fringes, and other benefits. This service is not provided for DCP Midstream.

  

	 	C.	Duke Energy Corporate Accounting will provide accounting, reporting and reconciliation services for Spectra Energy entities handled by Corporate Accounting prior to the spin (e.g.
Duke Capital, ExchangeCo, CallCo, DENSH, and FINCO). Services include the preparation of necessary journal entries, internal reports, reconciliations, and financial statement disclosures, including required supporting documentation.

  

	II.	SERVICES TERM 

  

	 	A.	January 1, 2007 - May 15, 2007 

  

	 	B.	January 1, 2007 - May 15, 2007 

  

	 	C.	January 1, 2007 – May 15, 2007 

  

	III.	FEES 

  

	 	A.	$14,050/month, plus out of pocket expenses 

  

	 	B.	$19,010/month, plus out of pocket expenses 

  

	 	C.	$23,710/month, plus out of pocket expenses 

  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None.

  

 A-50 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:   David Doss
             Phone: 704-382-6503
             Mobile: 713-806-9452
             Facsimile: 704-382-3600
             E-mail: dldoss@duke-energy.com
	  	 Service Recipient:
  
 Attn:   Gene Padgett
             Phone: 713-627-4978
             Mobile: 713-224-0079
             Facsimile: 713-627-4699
             E-mail: enpadgett@duke-energy.com

  

 A-51 

 CONFIDENTIAL 
  

 SCHEDULE A-24 
  

			
	Service Name:	  	DUKE ENERGY AUDIT SERVICES RESOURCES SHARING
		
	ID Number(s):	  	206

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide internal audit
services to Spectra Energy as requested. In addition, where Duke Energy Audit Services performs audits of functions that provide transition services to Spectra Energy, Duke Energy Audit Services will provide audit documentation to Spectra Energy
Audit Services for their reliance. The intended services include performing the audits of common processes, providing documentation of audit results, and providing audit reports of significant findings. 
  

	II.	SERVICES TERM 

 January 1, 2007 – December 31,
2007 
  

	III.	FEES 

 All Duke Energy personnel: $113/hour plus out of
pocket expenses 
 Maximum of 5,000 hours of time from Duke Energy Audit Services. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 To the extent resources
needed to provide requested audit services are unavailable due to utilization on other Duke Energy projects, Duke Energy shall provide the requested audit services only if it does not interfere with other work. 
 Where Duke Energy and Spectra Energy elect to jointly perform audit services, Duke Energy Audit Services may provide personnel and resources in proportion to its
relative portion of the audit. In those situations, no fee will be needed. 
  

 A-52 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Jeff Browning
             VP, Audit Services
             Phone: 704-382-6353
             Mobile: 704-609-6129
             Facsimile: 704-382-3795
             E-mail: jgbrowning@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Dorothy Ables
             VP, Audit, Ethics and Compliance
             Phone: 713-627-4400
             Mobile: 713-204-1230
             Facsimile: 713-989-3257
             E-mail: dmables@duke-energy.com

  

 A-53 

 CONFIDENTIAL 
  

 SCHEDULE A-25 
  

			
	Service Name:	  	SPECTRA ENERGY GENERAL CONSULTATION-FINANCE
		
	ID Number(s):	  	141

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide to Spectra
Energy’s Finance Department general consultation services on 2007 matters. 
  

	II.	SERVICES TERM 

 January 1, 2007 - May 15, 2007

  

	III.	FEES 

 All Duke Energy personnel: $110/hour plus out of
pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Sean Trauschke
             Phone: 980-373-7905
             Mobile: 704-604-1402
             Facsimile: 980-373-6632
             E-mail: rstrausc@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Greg Ebel
             Phone: 713-627-4608
             Mobile: 519-436-7734
             Facsimile: 713-627-4805
             E-mail: glebel@duke-energy.com

  

 A-54 

 CONFIDENTIAL 
  

 SCHEDULE A-26 
  

			
	Service Name:	  	SPECTRA ENERGY AND DCP MIDSTREAM PAYROLL ACCOUNTING
		
	ID Number(s):	  	155

  

	I.	SCOPE OF SERVICES 

 Until Spectra Energy is functional on
PeopleSoft 8.9, Duke Energy will provide to Spectra Energy both labor distribution and payroll tax accrual services. Labor distribution services will include creating and entering journal entries, preparing account reconciliations, and supporting
documentation that distribute labor to the proper Spectra Energy and DCP Midstream general ledger accounts. Payroll tax accrual services will include preparation and entry of journal entries, preparation of account reconciliations, and supporting
documentation to record employer tax expense and liability to the general ledger. In addition, it is expected that there will be some ad-hoc reporting and analysis which is currently handled by Duke Energy’s payroll accounting team on Spectra
Energy’s behalf. This service does not cover Canadian payroll accounting, but does include DCP Midstream. 
  

	II.	SERVICES TERM 

 January 1, 2007 - March 31, 2007

  

	III.	FEES 

 $2,190/month, plus out of pocket expenses (split
equally between DCP Midstream and Spectra Energy) 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    David Doss
             Phone: 704-382-6503
             Mobile: 713-806-9452
             Facsimile: 704-382-3600
             E-mail: dldoss@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Gene Padgett
             Phone: 713-627-4978
             Mobile: 281-224-0079
             Facsimile: 713-627-4699
             E-mail: enpadgett@duke-energy.com

  

 A-55 

 CONFIDENTIAL 
  

 SCHEDULE A-27 
  

			
	Service Name:	  	CHANGE IN ACCOUNTING POLICY - FIN 48 IMPLEMENTATION
		
	ID Number(s):	  	130

  

	I.	SCOPE OF SERVICES 

 Duke Energy has engaged Ernst &
Young to implement a FIN 48 system for both Duke Energy and Spectra Energy. There is one engagement letter and project which Duke Energy’s Tax Department will manage on behalf of Duke Energy and Spectra Energy. 
  

	II.	SERVICES TERM 

 January 1, 2007 - March 31, 2007

  

	III.	FEES 

 Post 12/31/06 fees for services provided by
Ernst & Young will be billed 1/3 to Spectra Energy. Any other out of pocket expenses incurred on behalf of Spectra Energy related to the implementation will be billed as incurred. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Keith Butler
             Phone: 704-382-8681
             Mobile: 704-904-3116
             Facsimile: 980-373-5694
             E-mail: kgbutler@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Steve Sobell
             Phone: 704-382-0999
             Mobile: 704-258-5827
             Facsimile: 704-382-8261
             E-mail: smsobell@duke-energy.com.

  

 A-56 

 CONFIDENTIAL 
  

 SCHEDULE A-28 
  

			
	Service Name:	  	SPECTRA ENERGY ACCOUNTS PAYABLE
		
	ID Number(s):	  	47

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide Spectra Energy
with the following services related to accounts payable administration: 
 Houston A/P and Help Desk Support. 
  

	 	A.	Vendor master file maintenance; 

  

	 	B.	Call center support and system administration for CAPS and A/P applications; 

  

	 	C.	T&E services; 

  

	 	D.	PCard services; 

  

	 	E.	Invoice processing; 

  

	 	F.	Payment administration, including: 

  

	 	1.	Cardholder maintenance (set-ups, changes, deletes, DOA review); 

  

	 	2.	Business Travel Accounts reconciliation; 

  

	 	3.	Manage payments to card providers; 

  

	 	4.	Manage employee payments for out-of-pocket expenses; 

  

	 	5.	Reconcile cash advances; 

  

	 	6.	Edit expense reports; 

  

	 	7.	Respond to credit card and Exp Reporting System inquiries; 

  

	 	8.	Respond to Remedy inquiries; 

  

	 	9.	Manage control reports (delinquency, unreconciled, receipts); 

  

	 	10.	Create management reports on payables activities; and 

  

	 	11.	Payment for actual charges incurred on Houston employee’s T&E cards or PCards, including other actual charges which currently flow through the inter-company accounts.

 Denver A/P and Help Desk Support Services. 
  

	 	A.	Vendor master and catalog file maintenance; 

  

	 	B.	Call center support and system administration for PeopleSoft Purchasing and Inventory applications; 

  

	 	C.	T&E services; 

  

	 	D.	PCard services; and 

  

	 	E.	Payment for actual charges incurred on Denver employee’s T&E cards or PCards, including other actual charges which currently flow through the inter-company accounts.

  

 A-57 

 CONFIDENTIAL 
  

 Consulting Services to Houston and Denver 
  

	 	A.	Data reporting and analysis; 

  

	 	B.	Business process consulting to support separation and standup; and 

  

	 	C.	End user training support. 

  

	II.	SERVICES TERM 

 January 1, 2007 through
December 31, 2007 for Peoplesoft System Administration services. 
 January 1, 2007 - June 30, 2007 for all other services pursuant to this
Schedule. 
 For informational purposes only, the services identified within this schedule are targeted to end on Standup Day 1 which is targeted for
April 1, 2007. 
  

	III.	FEES 

 Houston A/P and Help Desk Support

 Flat fee of $42,485 per month 
 Denver A/P and Help Desk Support Services 
 Flat fee of $12,666 per month 

Consulting Services to Houston and Denver 
 All Duke Energy personnel: $94 per person per hour of consulting services provided plus out of pocket expenses 
 PeopleSoft
Security and System Administration Services 
 For the 9 additional months when other AP services have concluded (which amounts are
included in the above prices for periods prior to termination of services other than PeopleSoft SSA): 
  

	 	•	 	 Houston A/P and Help Desk Support 

 Flat fee of $8,178 per month 
  

	 	•	 	 Denver A/P and Help Desk Support Services 

 Flat fee of $4,136 per month 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 To the extent Duke Energy
is to make any payment on behalf of Spectra Energy or any of its Subsidiaries as part of providing services under this Schedule, Spectra Energy must fund by wire transfer to a bank account designated by Duke Energy an amount of cash equal to such
payment, which funding must be received at such Duke Energy bank account prior to the time such payment is due to be paid from such Duke Energy bank account. Duke Energy shall have no obligation to pay any amounts on behalf of Spectra Energy or any
of its Subsidiaries until sufficient funds have been so transferred. Under this Schedule, such services include Duke Energy funding payments to third parties related to charges incurred on T&E cards or PCards held by employees of Spectra Energy

  

 A-58 

 CONFIDENTIAL 
  

 
or other members of the Spectra Energy Group, and other charges related to the Gas Business which historically were paid by Duke Energy (or another member of
the Duke Energy Group) and charged back to a member of the Spectra Energy Group through intercompany accounts. 
 Notwithstanding the provisions in the
foregoing paragraph, to the extent Duke Energy is to make any payments on behalf of Spectra Energy or any of its Subsidiaries as part of providing services under this Schedule and such payments relate to American Express charges, reimbursement of
employee payments for out-of-pocket expenses, or payments to third-parties pursuant to EFT arrangements currently in place at Duke Energy Business Services LLC, Duke Energy shall pay such amounts as they become due and shall aggregate such charges
and provide a monthly bill to Spectra Energy with respect thereto. Spectra Energy shall reimburse Duke Energy the amount due under any such bill within one Business Day of Spectra Energy’s receipt of such bill by wire transfer to a bank account
designated by Duke Energy. Consistent with historical practices, Duke Energy will provide Spectra Energy with reasonable supporting documentation within reasonable time after delivery of such monthly bills. 
 The following general assumptions apply in order to provide the services specified and must hold true for the duration this transition service agreement is in effect. In
the event any of these assumptions prove to not hold true, all services to be provided and any associated pricing for rendering these services must be re-negotiated. 
 Assumptions: 
  

	 	•	 	 All Gas Company employees will stay in the Duke Energy HR and Payroll system 

  

	 	•	 	 All Gas Company employees will be able to access current IT systems supporting Duke Energy Supply Chain transactions 

  

	 	•	 	 All Houston Gas Company checks will be printed in Houston and distributed by Houston as administered by Gas Company employees 

  

	 	•	 	 George Mason will remain embedded with the Houston Gas Company employees during the transition period to aid in providing AP services for Houston Gas Company.

 For informational purposes only, the services identified within this schedule are targeted to end on Standup Day 1 which is targeted for
April 1, 2007. 
  

 A-59 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Sheri Straw
             Phone: 704-382-8707
             Mobile: 513-520-3203
             Facsimile: 704-382-2951
             E-mail: Sheri.Straw@Duke-Energy.com
	  	 Service Recipient:
  
 Attn:    Veronica A. Cappadonna
             Phone: 713-627-4778
             Mobile: 713-417-3961
             Facsimile: 713-386-4157
             E-mail:
vacappadonna@spectraenergy.com

		
		  	 Service Recipient:
  
 Attn:    Steve Becker
             Phone: 303-605-1848
             Mobile: 303-517-2829
             Facsimile: 303-605-1793
             E-mail: smbecker@DCPMidstream.com

  

 A-60 

 CONFIDENTIAL 
  

 SCHEDULE A-29 
  

			
	Service Name:	  	SPECTRA ENERGY CORPORATE EHS SCIENTIFIC SERVICES ANALYTICAL SERVICES
		
	ID Number(s):	  	44

  

	I.	SCOPE OF SERVICES 

 Duke Energy Scientific Services
Analytical Laboratory will provide to Spectra Energy overall coordination, and analytical testing to four general areas within DEGT: 
  

	 	•	 	 Environmental Support (Customer: DEGT Environmental, Health and Safety); 

  

	 	•	 	 Corrosion Product Support (Customer: DEGT Technical Operations, South, Central, East); 

  

	 	•	 	 Hydrostatic Support (Customer: Engineering, Construction and Permitting); and 

  

	 	•	 	 Pipeline Gas Assay Support (Customer: DEGT Gas Management Integrity). 

 The following services will be provided to the four general areas listed above: 
  

	 	 1)
	 Sample kit preparation in-house, or coordinated with a 3rd party certified laboratory, based on customer request; 

  

	 	2)	Coordination of sample schedules for Environmental Support with DEGT Environmental and Gas Quality Contacts; 

  

	 	3)	Analytical testing for all programs, except Gas Assay, will be performed by a 3rd party certified laboratory in accordance with EPA procedures and under the guidance of NELAP
requirements. Vendor lab coordination will be supported by a Contract employee hired by Spectra. Contract employee oversight is provided by Douglas Dodds from Duke. 

  

	 	4)	Pipeline Gas assay analysis and data entry into the Gas Analysis System will be provided by a Contract employee under the direction of Douglas Dodds from Duke.

  

	 	5)	Data report formats will include, but not limited to, Excel spreadsheets and PDF files. Reporting will be facilitated by a Contract employee 

  

	 	6)	System gas technical and troubleshooting support for area gas sampling and chromatograph operations will be provided; and 

  

	 	7)	Interaction with Environmental Standards and DEGT to turn-over management of DEGT Services currently provided by Duke Energy Scientific Services Analytical Laboratory.

  

	II.	SERVICES TERM 

 January 1, 2007 – June 30,
2007 
 The target date for complete transition is December 31, 2006, with DEGT contracting with Environmental Standards to manage Laboratory Services
long-term. A contingency plan will be in place to support the above services of DEGT through June 30, 2007. 
  

 A-61 

 CONFIDENTIAL 
  

	III.	FEES 

 Labor charges for Scientific Support

 Mr. Dodds will be billed at a monthly rate of $7550 
 Contract employees will be direct billed to Spectra Energy. 
 Third party vendor lab invoices will be sent to Spectra Energy for payment. (Current
practice) 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 In order for Duke Lab to
provide these services it is agreed that Spectra Energy will continue to provide access to the Environmental Database and Gas Analysis System. 
 Duke Lab
will transfer 2 chromatographs (1-C9+ & 1-C6+) to Spectra Energy as part of the transition. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    David Greene
             Phone: 704-875-4438
             Mobile: 704-838-6255
             Facsimile: 704-875-5038
             E-mail: drgreene@duke-energy.com
	  	 Service Recipient:
  
 Attn:    John Adams
             Phone: 713-627-4499
             Mobile: 713-724-6801
             Facsimile: 713-386-4529
             E-mail: jvadams@duke-energy.com

  

 A-62 

 CONFIDENTIAL 
  

 SCHEDULE A-30 
  

			
	Service Name:	  	SPECTRA ENERGY SECURITY AND BADGE SERVICES
		
	ID Number(s):	  	46

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide Spectra Energy
access control and ID badge services. These services include electronic access systems administration, programming and maintenance and ID badge administration for those employees who will transition to Spectra Energy on 1/1/2007; lock & key
standards; closed circuit television; systems standards and specifications; compliance reporting and monitoring; and systems design.
 These services are to
be provided for the following locations: McKinney Bldg Texas; 5400 Westheimer Office Bldg Texas; Hobby Hanger Texas; Mont Belvieu Station Texas; Beaumont Moss Bluff Ops, Texas; Egan Louisiana; Grand Chenier Louisiana; Iowa Louisiana;
West Monroe Louisiana; Tampa Ops Florida; Kosciusko Mississippi; Bedford Pennsylvania; Harrisburg Pennsylvania; Delmont Pennsylvania; Marrietta Pennsylvania, Perulack Pennsylvania; Union Town Pennsylvania; Cromwell Connecticut; Lambertville New
Jersey; Linden New Jersey; Franklin New Jersey; Capital One Plaza Texas; Midland Texas; Denver Office Colorado; and Tulsa Oklahoma.
 In addition, these
services are provided for those personnel who have authorized approval for access to these sites and include other DEGT (U.S. and Canada), Corporate, Duke Energy, and DCP Midstream personnel. Personnel is further defined as those who will be Spectra
Energy personnel as of 1/1/2007. 
  

	II.	SERVICES TERM 

 January 1, 2007 – March 31,
2007 
  

	III.	FEES 

 $177,400 per year, payable ratably $14,800 per month

  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Until 5:00 pm (Eastern) on
December 20, 2006, Spectra Energy has the option to elect to exclude this Schedule and the related Services from inclusion under the Agreement. Such option must be exercised by Spectra Energy providing Duke Energy a written exercise notice
prior to 5:00 pm (Eastern) on December 20, 2006, in accordance with Section 15.5 of the Agreement. 
  

 A-63 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Steve Lumpkin
             Phone: 704-382-7877
             Mobile: 704-451-5656
             Facsimile: 704-382-3843
             E-mail: sclumpki@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Colleen Ingles Baum
             Phone: 713-627-4882
             Mobile: 888-895-9326
             Facsimile: 713-989-1580
             E-mail: csingles@duke-energy.com

  

 A-64 

 CONFIDENTIAL 
  

 SCHEDULE A-31 
  

			
	Service Name:	  	SPECTRA ENERGY DC OFFICE LEASE
		
	ID Number(s):	  	135

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall lease office space in
its Washington DC Governmental Affairs office to Spectra Energy. 
 Rent and operating expenses to be paid by Spectra Energy to Duke Energy for the lease
term. 
 Monthly operating expenses include: 2 offices (utilities included), copiers, printers, fax machines, parking, florist, Rolling Greens, office
supplies, postage, break room supplies and administrative support. 
  

	II.	SERVICES TERM 

 January 1, 2007 – December 31,
2007 
 90 day advance notice required to vacate space. 
  

	III.	FEES 

 Monthly lease cost = $5,797 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Spectra Energy is subject
to all contract terms and conditions in Duke Energy’s lease agreement with the Landlord. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Benny Biddix
             Phone: 704-382-3221
             Mobile: 704-998-7708
             Facsimile: 704-382-4119
             E-mail: blbiddix@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Pete Sheffield (Contact information will change)
             Phone: 980-373-4503
             Mobile: 704-996-7938
             Facsimile: 704-382-8375
             E-mail: pvsheffield@duke-energy.com

  

 A-65 

 CONFIDENTIAL 
  

 SCHEDULE A-32 
  

			
	Service Name:	  	SPECTRA ENERGY ENTERPRISE OPERATION SERVICES CONSULTING
		
	ID Number(s):	  	158

  

	I.	SCOPE OF SERVICES 

 Enterprise Operation Services, a Duke
Energy support services function, will provide consulting services to Spectra Energy upon request and as resources are available. Consultation is offered in the following functional areas: 
  

	 	•	 	 Enterprise Protective Services Consulting 

  

	 	•	 	 Web/Portal Consulting 

  

	 	•	 	 Records Management Consulting 

  

	 	•	 	 Travel Management Consulting 

  

	 	•	 	 Real Estate Services Consulting 

  

	II.	SERVICES TERM 

 January 1, 2007 – March 31,
2007 
  

	III.	FEES 

  

				
	 Enterprise Protective Services Consulting
	  	$	119/hr
	 Web/Portal Consulting
	  	$	98/hr
	 Records Management Consulting
	  	$	98/hr
	 Travel Management Consulting
	  	$	98/hr
	 Real Estate Services Consulting
	  	$	98/hr

  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Hourly rates represent
labor charges only. Any travel expenses incurred will be reimbursed by Spectra Energy. Consultant availability is not guaranteed. 
  

 A-66 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:    Cindy Young
             Phone: 704-382-0010
             Mobile: 704-989-8756
             Facsimile: 980-373-9770
             E-mail: cmyoung@duke-energy.com
	  	 Service Recipient:
  
 Attn:    Paul Davis
             Phone: 713-627-5047
             Mobile: 713-703-6932
             Facsimile: 713-386-4043
             E-mail: dpdavis@duke-energy.com

  

 A-67 

 CONFIDENTIAL 
  

 SCHEDULE A-33 
  

			
	Service Name:	  	SPECTRA ENERGY AND DCP MIDSTREAM IT CONSULTATION AND MISCELLANEOUS SERVICES
		
	ID Number(s):	  	199, 200

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide DCP Midstream
and/or Spectra Energy with support and services for activities that are not set forth in other Schedules. This will include consultation, special reports not provided under current levels of service, etc. Agreement between the Service Provider and
Service Recipient is required for all work initiated and completed under this TSA. Written approval by the appropriate VP, IT for DCP Midstream or Spectra Energy is required, with a copy of the approval provided to the Service Provider and the
Service Recipients. 
  

	II.	SERVICES TERM 

 January 1, 2007 – December 31,
2007 
  

	III.	FEES 

 Consulting fees will be charged based on the personnel
providing the service. Rates are listed in the chart below: 
  

							
	 Level of Resource
	  	Rate
per
Hour	 	 	Term
Date
	 Manager, Project Manager
	  	$	80	*	 	12/31/07
	 Analyst, Programmer
	  	$	61	*	 	12/31/07
	 Technician
	  	$	46	*	 	12/31/07
	 Helpdesk, Workstation Support, Clerical
	  	$	38	*	 	12/31/07

  

	*	Rate stated is for Duke Energy personnel. If contract resources are used, the actual resource cost will be used as the fee rate. 

  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Duke Energy will provide
DCP Midstream/Spectra Energy with a statement of services provided, along with associated fees, at time of monthly billing. 
  

 A-68 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

					
	Service Provider:	  	Service Recipient:	  	Service Recipient:
			
	 Attn:
 Stan Land
 Phone: 713-627-4515
 Mobile:
 713-204-7397
 Facsimile:
 713-627-4655
 E-mail:
 scland@duke-energy.com
	  	 Attn:
 Steve Craft
 Phone: 713-627-4310
 Mobile:
 713-447-4310
 Facsimile:
 713-627-4066
 E-mail:
 swcraft@spectraenergy.com
	  	 Attn:
 Allan Skov
 Phone: 303-605-1610
 Mobile:
 303-808-5447
 Facsimile:
 303-605-2232
 E-mail:
 askov@dcpmidstream.com

  

 A-69 

 CONFIDENTIAL 
  

 SCHEDULE A-34 
  

			
	Service Name:	  	DCP MIDSTREAM IT BUSINESS AND MISCELLANEOUS APPLICATIONS
		
	ID Number(s):	  	70, 77, 80, 81, 82, 99, 107, 171, 172, 173, 174, 175, 176, 177, 181

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide to DCP Midstream
support for a variety of business and miscellaneous applications and systems. Individual services, along with their duration and fees, are listed below. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Employee Portal (DCP Midstream 77): Continue to support and make available the employee portal (Plumtree environment). This requires www.duke-employee.com will be used for access. Logical
segregation of Duke Energy information is desirable. Continue to provide Paging Gateway service in Charlotte.	  	12	  	12/31/07	  	$	12,321
	FileNet – Electronic Document Management (EDM) (DCP Midstream 99): Continue to support FileNet EDM system and processes for DCP Midstream. This includes the application interfaces from Real
Estate, Corporate Secretary, IT Infrastructure & Support, MSDS, Supply Chain Management, and Records/Email management.	  	12	  	12/31/07	  	$	38,252
	Records Management (DCP Midstream 171): Continue to make available and support Houston Records Center System and Retention Information Database. Continue to make available and support WebGENCAT
and Source Document Log System (SDLS).	  	12	  	12/31/07	  	$	2,012
	Insurance (DCP Midstream 172): Continue to support STARS and Risk Management Claim Forms.	  	12	  	12/31/07	  	$	2,012
	Weather (DCP Midstream 173): Provide real-time data to DCP Midstream.	  	12	  	12/31/07	  	$	2,609

  

 A-70 

 CONFIDENTIAL 
  

								
	 Service
	  	Duration
(Mo.)	  	End Date	  	Cost /
Month
	Fleet System (DCP Midstream 174): Continue to make available and support the fleet application used to maintain fleet equipment and inventory.	  	12	  	12/31/07	  	$	2,012
	Matter Management System (DCP Midstream 175): Continue to support the Matter Management System used by legal for managing their work.	  	12	  	12/31/07	  	$	2,012
	Teammate (DCP Midstream 176): Continue to support the Teammate application for DCP Midstream.	  	12	  	12/31/07	  	$	2,012
	SOX Express (DCP Midstream 177): Continue to support Sox Express for DCP Midstream.	  	12	  	12/31/07	  	$	2,012
	WEB Content Management Tools (70): Continue to support TeamSite content management tool. Includes support for TeamSite web content management system that provides content management to DEFS.com,
DCPMidstream.com, Employee Portal, DCPMidstreamPartners.com, and my.dukeenergy.com sites.	  	12	  	12/31/07	  	$	2,012
	Maximo (DCP Midstream 80): Continue to maintain Maximo application services and Mobile Maximo general consulting level service. Continue to maintain Mobile Maximo server infrastructure support.
	  	12	  	12/31/07	  	$	9,243
	My.duke-energy.com (DCP Midstream 81): Continue to provide support for the my.duke-energy.com portal in the EBS environment. Segregation of data and de-branding of Duke Energy in this
environment will be required for LD1. Requires support of current and new Infrastructure, related support for hosting servers, LAN, DMZ, WAN Connectivity, and IP Resolution of new domain. Provide DCP Midstream branding to DCP Midstream users on the
My Duke Energy portal post LD1.	  	12	  	12/31/07	  	$	11,958
	Telecom Information System (TIS) (DCP Midstream 107): Continue to provide availability and support for the Telecom Information System and the DCP Midstream telephone directory. Includes DCP
Midstream access to TIS to provide employee MAC (moves, adds, changes) data to upload into DCP Midstream telephone directory.	  	12	  	12/31/07	  	$	2,012
	Change Control – (DCP Midstream 181) Continue providing change control functions. This includes ICI and CCAP.	  	12	  	12/31/07	  	$	2,012

  

 A-71 

 CONFIDENTIAL 
  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Stan Land
 Phone: 713-627-4515
 Mobile: 713-204-7397
 Facsimile: 713-627-4655
 E-mail: scland@duke-energy.com
	  	Attn:	  	 Allan Skov
 Phone: 303-605-1610
 Mobile: 303-808-5447
 Facsimile: 303-605-2232
 E-mail: ASkov@DCPMidstream.Com

  

 A-72 

 CONFIDENTIAL 
  

 SCHEDULE A-35 
  

			
	Service Name:	  	DCP MIDSTREAM HUMAN RESOURCES (HR) SYSTEMS
		
	ID Number(s):	  	166, 167, 168

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall provide DCP Midstream, or support DCP Midstream’s use of third-party services that so provide, the systems and IT-related services needed for the Human Resource function. Services include those
provided by Hewitt, Smith Barney, Equity Edge (for historical data only), Duke Energy, and other 3rd party vendors. DCP Midstream intends to move to
a DCP Midstream service solution effective January 1, 2008 and will also need Duke Energy’s support during this transition in terms of data migration, data conversion, documentation and other assistance. Services to be included, along with
service duration, service end date and fees are listed in the Chart below. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	 HR Portal (DCP Midstream166): Duke Energy to provide access to the Hewitt HR services and to support a technical solution that links the new DCP
Midstream Employee Portal to the Hewitt HR Services (via the Duke Energy Portal). Requires providing access to Hewitt services and supporting a technical solution that allows DCP Midstream employees access Hewitt HR services after the DCP Midstream
portal is created.
 Access will be provided via links from the DCP Midstream portal to pages on the Duke Energy Portal. DCP Midstream employees will link to
myHR and Briefcase applications from those pages.
 Support Org Chart and Phone Book applications for DCP Midstream. DCP Midstream will use a separate Org
Chart and Phone Book applications from Duke Energy. These applications will contain only Spectra Energy and DCP Midstream data. There will be no access to the Duke Energy Phone Book and Org Chart applications.
	  	12	  	12/31/07	  	$	11,958
	HR Data Mart (DCP Midstream167): Continue to support the HR datamart and all reporting using business objects from the datamart.	  	12	  	12/31/07	  	$	4,810

  

 A-73 

 CONFIDENTIAL 
  

								
	HR Non-Hewitt applications (DCP Midstream 168): Duke Energy to continue to provide support for Taleo (the Career Ops replacement DCP Midstream will move to on 1/1/07), Bookmark (Duke Energy
Supported) and Third Party Services. Duke Energy to continue support for HR applications that do not fall under Hewitt or other third party provider, i.e., Lotus Notes, DON, and Bookmark. Continue to support non-Hewitt HR third party services, e.g.,
Smith Barney and Equity Edge (for historical data only).	  	12	  	12/31/07	  	$	4,628
	Please see DCP Midstream Non-IT TSA’s for additional information about the support requirements for Hewitt applications.	  	—  	  	—  	  	 	—  

  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above Chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Stan Land
 Phone: 713-627-4515
 Mobile: 713-204-7397
 Facsimile: 713-627-4655
 E-mail: scland@duke-energy.com
	  	Attn:	  	 Allan Skov
 Phone: 303-605-1610
 Mobile: 303-808-5447
 Facsimile: 303-605-2232
 E-mail: ASkov@DCPMidstream.Com

  

 A-74 

 CONFIDENTIAL 
  

 SCHEDULE A-36 
  

			
	Service Name:	  	DCP MIDSTREAM AND SPECTRA ENERGY IT FINANCIAL SYSTEMS
		
	ID Numbers:	  	6, 15, 16, 17, 18, 59, 82

  

	I.	SCOPE OF SERVICES 

 Provide the IT systems and processes
needed to support DCP Midstream and Spectra Energy’s financial needs, including GL, AP, AR, Billing, Project Costing, Assets, Tax, Reporting, Hyperion, Consolidations, Treasury and the financial data mart. Support through the March 2007 quarter
close consolidation and reporting will be included in this TSA. DCP Midstream and Spectra Energy have targeted 4/1/07 as the implementation date for its stand-alone financial systems and may terminate the transition service on these systems at that
time. Any services provided after the March 2007 quarter close are priced and treated separately below. The specific services, termination dates, and fees follow. Out of pocket costs will be billed at actual. 
  

													
	 Service
	  	Duration
(Mo.)	  	End
Date **	  	Spectra
Energy
Cost /
Month	 	 	DCP
Midstream
Cost /
Month	 
	PeopleSoft modules (Spectra Energy – GL, AP, AR (15); DCP Midstream – GL, AP, AR, Billing, Project Costing, and Assets (82): Provide access and support operations of IT systems and
processes for PeopleSoft 8.0 modules and all system interfaces associated with said modules for DCP Midstream/Spectra Energy users. Includes Merkur/VSI for modules associated with DCP Midstream.	  	12	  	12/31/07	  	$	27,845	*	 	$	69,937	*
	Financial Data Mart (16, 82): Provide access and support operations of IT systems and processes for Financial Data Mart and all system interfaces associated with the Data Mart. Provide support
and ensure availability of Business Objects reports run against the Data Mart.	  	12	  	12/31/07	  	$	71,127	 	 	$	40,714	 

  

 A-75 

 CONFIDENTIAL 
  

											
	 Service
	  	Duration
(Mo.)	  	End
Date **	  	Spectra
Energy
Cost /
Month	  	DCP
Midstream
Cost /
Month
	Hyperion (59, 82): Provide access and ensure operation of IT systems and processes for Hyperion Enterprise (HE) and ESSBASE, including all system interfaces to HE and ESSBASE in order to
complete consolidations and other required reporting.	  	12	  	12/31/07	  	$	45,817	  	$	18,922
	Accounts Payable and Related Support (6, 82): Support Accounts Payable, including support of PeopleSoft AP(as noted in the PS support section above), CAPS Online (Spectra Energy only), CAPS
Online Request Database (Spectra Energy only), Delegation of Authority , Pcard, Convey, AP Datamart, Check Printing, Travel & Expense Reporting, and AP Vendor setup and approval. TSA period is linked to financial system (for both DCP
Midstream and Spectra Energy) and AP functional outsourcing implementations (for Spectra Energy only).	  	12	  	12/31/07	  	$	64,760	  	$	27,538
	Tax – Corp. Tax (SQL) (17): Continue to provide current level Corp. Tax of support for Spectra Energy, including (1) infrastructure support for services and workstations;
(2) application support, and; (3) SQL database support.	  	12	  	12/31/07	  	$	524	  		
	In-house Tax – Data Warehouse (SQL) (17): Continue to provide support for the in-house developed/supported tax data warehouse, including (1) infrastructure support for servers and
workstations; (2) application support, and; (3) SQL database support.	  	12	  	12/31/07	  	$	524	  		
	Tax – PowerTax (Oracle) (Complement to PlantDB) (17): Continue to provide support for the PowerTax application, including (1) infrastructure support for servers and workstations,
(2) application support, and; (3) Oracle database support.	  	12	  	12/31/07	  	$	524	  		
	Tax – Burrwolf (SQL) (Property Tax Tracking) (17): Continue to provide current level of support for Spectra Energy. Support includes (1) infrastructure support for services and
workstations; (2) application support, and; (3) SQL database support.	  	12	  	12/31/07	  	$	524	  		
	Tax – Lotus Notes DBs for Tax (17): Continue support for all Lotus Notes databases used by Tax.	  	12	  	12/31/07	  	$	524	  		
	Treasury – TMAN (18): Provide access and ensure operation of IT systems and processes for Treasury Management (TMAN) and all system interfaces associated with TMAN for Spectra Energy users.
Provide support and ensure operation for all reporting functionality within TMAN.	  	12	  	12/31/07	  	$	4,146	  		

  

	**	Does not include year end 12/31/07 close consolidation and reporting support 

  

 A-76 

 CONFIDENTIAL 
  

	*	In addition to the prior fee table, if DCP Midstream or Spectra Energy or both retains Duke Energy for these services beyond March 2007 quarter close, the following changes will
occur to the fees: 

  

	 	1.	If Duke Energy services are required beyond March 2007 quarter close, the Duke Energy Financial IT support teams will require consultants to backfill Duke Energy personnel. Each
consultant is priced at $25,000/month. For the April and May close, they will require 2 consultants ($50,000/close). 

  

	 	2.	If Duke Energy services are required for the June 2007 close and Duke Energy is not able to eliminate the mainframe processor, the cost to extend the hardware and software leases,
and the cost to purchase additional storage is $1,000,000 for the period 7/01/07 through 12/31/07. 

  

	 	3.	If Duke Energy services are required for the June 2007 close and/or beyond, Duke Energy Finance IT must retain the PeopleSoft implementation team until that work can resume. The
cost of this retention is $1,500,000 / monthly close. 

  

	 	4.	If the Duke Energy PeopleSoft 8.9 implementation can not be achieved prior to the SOX change prohibition deadline, the PeopleSoft consulting staff must be retained until work can
resume in January, 2008 at a cost of $1,500,000 per month. 

  

	 	5.	Hyperion Enterprise can not be supported past 6/30/07. 

  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

 A-77 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

					
	 Service Provider:
  
 Attn: Stan Land
 Phone: 713-627-4515
 Mobile: 713-204-7397
 Facsimile: 713-627-4655
 E-mail: scland@duke-energy.com
	  	 Service Recipient:
  
 Attn: Steve Craft
 Phone: 713-627-4310
 Mobile: 713-447-4310
 Facsimile: 713-627-4066
 E-mail: swcraft@spectraenergy.com
	  	Service Recipient:  
 Attn:
Allan Skov
 Phone: 303-605-1610
 Mobile:
303-808-5447
 Facsimile: 303-605-2232
 E-mail:
askov@dcpmidstream.com

  

 A-78 

 CONFIDENTIAL 
  

 SCHEDULE A-37 
  

			
	Service Name:	  	DCP MIDSTREAM IT INFRASTRUCTURE
		
	ID Numbers(s):	  	69, 73, 101, 112, 113, 115, 116, 122, 161, 162, 163, 164, 165

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall provide IT
Infrastructure support to DCP Midstream, enabling DCP Midstream’s use of Duke Energy’s supported IT Systems through their TSA period. IT Infrastructure support will include Active Directory, Business/IT Recovery, Asset Center, WIP, Change
Management, and Workstation Management. The individual services, their duration and fees are listed in the chart below. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Business/IT Recovery (DCP Midstream 161) – Use of ADC at McGuire complex to meet business disaster recovery needs. The costs include Disaster Recovery ($19,079) and CS & ADC facility
costs ($6096)	  	12	  	12/31/07	  	$	25,175
	 Workstation Management (DCP Midstream 112): This TSA is broken into 4 TSA’s for pricing. NOTE: for all 4 Workstation TSA’s the following
applies: DCP Midstream to determine execution of BR07x release. Requires 7:00 AM through 5:00 PM, Monday thru Friday. On Call after hours/weekends. Requires all services currently provided by Duke Energy IT Ops Enterprise Workstation
Management group. Administration of the Deploy Work Management System (DWMS) by the Workstation Deploy and Management group. Vendor performance support for all products and services offered by EWM. Maintain Work Management built in to
Remedy (Help Desk) application.
 TSA number (1) Maintain BR06A image support and maintenance.
	  	12	  	12/31/07	  	$	13,155
	Workstation Management (DCP Midstream 162): TSA number (2) Maintain WSUS patch deployments. Please see DCP Midstream I23 for additional details.	  	12	  	12/31/07	  	$	13,155

  

 A-79 

 CONFIDENTIAL 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Workstation Management (DCP Midstream 163): Service number (3) Maintain DAE support. Continue to provide access to DAE service and related support. Please see DCP Midstream I23 for additional
details.	  	12	  	12/31/07	  	$	13,155
	Workstation Management (DCP Midstream 164): TSA number (4) Maintain all applications, utilities and tools used for workstation management services. Please see DCP Midstream I23 for additional
details.	  	12	  	12/31/07	  	$	13,155
	 Server Operations – Dedicated server support for Windows and Unix (DCP Midstream 113): Continue services for Windows and UNIX server support,
including all levels of support (Basic, Premium Service, Web, Database, and Citrix) currently provided. Load balancing (Foundry), print server support, DMZ WEB staging servers, and disaster recovery for all DCP Midstream locations. Includes 4 hour
server restoration and 24x7 monitoring for premium level service, as well as 8x5 monitoring and 12 hour server restoration for basic level service. This also includes proactive problem resolution, system backups, virus protection, capacity planning,
hardware, software maintenance, SOX controls and IT General controls.
 Continuation of services for server builds, including networking, racking, middleware,
server design, server hardware procurement, server patching coordination, and monitoring and alarming for all DCP Midstream locations.
 Continuation of
services for all database server support. This includes a growth of approximately 40 servers, those servers will require install and de-install services. The new servers are assumed to be Wintel servers requiring Basic support. Continue to provide
FTP functionality. Requires FTP to Charlotte Internet facing FTP server. Requires access to DCP Midstream users and clients to ftp directories on an as needed / requested basis.
 Continue to provide policies, procedures, standards, data repositories, gadgets, widgets, workflow tools and content, as provided today via the portal, shared drives, and other means.
 Continue applications development, maintenance, and enhancement support for in-flight and scheduled projects. Support includes infrastructure,
	  	12	  	12/31/07	  	$
 
   
 $
 
 
  
 $
 
 
	99,750
until
6/30/07. Then
 79,800
until
9/30/07.
 Then
 19,950
until
12/31/07.

  

 A-80 

 CONFIDENTIAL 
  

							
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	 application environment, database, development, implementation, and Tier 1&2 services.
 Continue to provide access and support to the current group of Duke Energy applications and services. Includes interface points between DCP Midstream and Duke Energy for
the request and administration of services received from Duke Energy. Examples – Business Continuity Planning, ICI, Action Remedy, Duke Application Portfolio (DAP) or Duke Energy’s new ITG replacement solution, Teleconference System
(Teleconference cards), GEMS or Hewitt’s new Success Factors replacement solution, Lotus Notes Forms Repository, COIP, and IT ROM.
 Provide LIM Pricing
for each of the 5 DCP Midstream GMS Databases with related support.
 The following applications have a “Mid-tier” support component that must
continue to be supported. The mid-tier components include change management (ICI and CCAP), database services, security services, etc. In addition Tier 2 application support is provided for Lotus Notes applications and application development,
Maximo, interface web services support, etc.
 Applications requiring special Mid Tier support include, but are not limited to:
 QQM – Business Objects: Includes support that will have interdependencies with Revenue Accounting project. Requires Duke Energy to provide server support for QQM
Business Objects related to Quorum Applications.
 Quorum Suite of Applications.
 GMS: Includes some logic to be developed for Transaction Confirmations executed before LD1 but not transacted until after LD1.
 Petris OneCall: Requires continued support of the SQL Database shared in DEBS environment.
 Decommission: Continue support of obsolete applications
and services until they are decommissioned. Applications include GMS Dashboard.
 Revenue Accounting: Revenue Accounting project is currently an in-flight
project that has interdependencies on TIPS, QDOD, TIE, QCM, and BottomLine that are expected to need support in the EBS environment.
	  		  		  	

  

 A-81 

 CONFIDENTIAL 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	 DEFS.com/DCPPartners.com : Continue to host external websites and related domain name resolution. Requires support of current and new Infrastructure,
related support for hosting servers, LAN, DMZ, WAN Connectivity, and IP Resolution of new domain. Provide redirection from DEFS.com to DCP Midstream.com post LD1.
 Limited Action Applications: Continue support of applications in Duke Energy environment. Includes application environment, database service, data, and Tier 1&2 services.
 All other mid tier activities.
 Costs include Oracle software maintenance ($6503) and Server Support
($93,247)
	  		  		  		
	Peregrine Desktop Discovery (PDI) (DCP Midstream 165) – Maintain all desktop discovery tools that are used to inventory/scan workstations to identify software and hardware
information.	  	12	  	12/31/07	  	$	430
	 Server Operations – SAN (DCP Midstream 115): Continuation of services for SAN support as currently provided, including the shared EMS NASes
(Charlotte and Denver) for all DCP Midstream locations. Requires 24x7 monitoring, proactive problem resolution, capacity planning, hardware and software maintenance. Continuation of services for all Storage related services.
 Continuation of tape library maintenance services including back-up and restore operations, tape retention, disaster recovery, etc. for all DCP Midstream
locations.
	  	12	  	12/31/07	  	$	59,862
	Server Operations – Shared WEB server support (DCP Midstream 116): Continue services for shared web server support, including all levels of support (Basic and Premium) currently provided
for all DCP Midstream locations. Includes 4 hour server restoration and 24x7 monitoring for premium level service, as well as 8x5 monitoring and 12 hour server restoration for basic level service. This also includes proactive problem resolution,
system backups, hardware and software maintenance.	  	12	  	12/31/07	  	$	1,250

  

 A-82 

 CONFIDENTIAL 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Help Desk (DCP Midstream 101): Continue to provide Help Desk support, the use of the Remedy applications, and access to the knowledge tool. All services currently provided by Duke Energy with
regard to Help Desk are to remain ‘as is’ for DCP Midstream. Includes continuation of the current services. (24x7 for High and Urgent problem calls.). Includes continued support and maintenance of all Remedy functions. Requires
current customer service levels.	  	12	  	12/31/07	  	$	27,686
	GMS AltraWeb/AltraExchange (DCP Midstream 69): Continue to support infrastructure for hosting GMS servers in the DMZ, LAN and Internet connectivity. AltraWeb is an external facing application
independent of other external facing applications, but sharing the DCP Midstream.com domain. Continue hosting existing AltraWeb hosting servers in the DMZ, DNS routing related to DCP Midstream.com namespace, web redirect from DCP Midstream and
DEFS.com namespace, and backend connectivity to GMS servers. Maintain current LAN & WAN connectivity.	  	12	  	12/31/07	  	$	15,496
	Citrix Application Environment (DCP Midstream 73): Continue to provide infrastructure and application support for the Citrix environment. Requires current level of support for application server
environment and LAN/WAN connectivity.	  	12	  	12/31/07	  	$	15,703
	Data Center Access (DCP Midstream 122) Provide access to the Duke Energy data center and ADC for all applications, servers, user ID’s, and workstations. DCP Midstream and 3rd Parties,
contracted by DCP Midstream will require data center and ADC access to facilitate the transition.	  	12	  	12/31/07	  	$	0.00

  

	II.	SERVICES TERM 

 The duration and end date of each services is
provided in the above Chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

 A-83 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Stan Land
 Phone: 713-627-4515
 Mobile: 713-204-7397
 Facsimile: 713-627-4655
 E-mail: scland@duke-energy.com
	  	Attn:	  	 Allan Skov
 Phone: 303-605-1610
 Mobile: 303-808-5447
 Facsimile: 303-605-2232
 E-mail: ASkov@DCPMidstream.Com

  

 A-84 

 CONFIDENTIAL 
  

 SCHEDULE A-38 
  

			
	Service Name:	  	DCP MIDSTREAM IT SECURITY
		
	ID Numbers(s):	  	94, 95, 183, 184, 185, 186, 187, 188, 190

  

	I.	SCOPE OF SERVICES 

 Duke Energy is to provide DCP Midstream
with the services needed to maintain a secured connection between DCP Midstream and Duke Energy’s network, including processes and controls for accessing the Duke Energy network, and Duke Energy supported applications and systems residing in
Duke Energy’s environment. The services to be provided, the duration for each, and the associated fees are in the Chart below. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	WEB Content Filtering (190): Duke Energy to provide Web content filtering support.	  	12	  	12/31/07	  	$	7792
	Security Administration (DCP Midstream 94): Support IT infrastructure security, including continuation of current services for anti-virus protection, application assessments, ASP assessments, IT
security exception reviews, infrastructure and other security related project consultation, security policies and standards reviews, internal penetration testing, security awareness updates, email filtering consultation, security interface
application support, and the FERC Compliance process.	  	12	  	12/31/07	  	$	7792
	Active Directory (DCP Midstream 95): Provide access to the DCP Midstream Active Directory domain. Requires Active Directory service support (including trust relationships between ADs).
Requires support be available 24/7.	  	12	  	12/31/07	  	$	7792
	CIRT (DCP Midstream 183): Continue CIRT communications and updates between the DCP Midstream CIRT team and Duke Energy via phone calls. Make all portal updated information available for DCP
Midstream staff to post on the DCP Midstream portal.	  	12	  	12/31/07	  	$	7792

  

 A-85 

 CONFIDENTIAL 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Vulnerability (Patch) Mgt. Reviews (DCP Midstream 184): Continue vulnerability patch management updates. Both DCP Midstream and Duke Energy will continue to endeavor to meet all needed patch
dates while both company’s networks are connected together.	  	12	  	12/31/07	  	$	7792
	Firewall Change Request (DCP Midstream 185): Continue to provide firewall support for DCP Midstream. Significant changes will be discussed and\or coordinated with Duke Energy to ensure the
continued network integrity.	  	12	  	12/31/07	  	$	7792
	WIP, Synchronization, and Data Integrity Reports (DCP Midstream 186): Continue to produce all system integrity reporting processes including (but not limited to): 1) AD Data Integrity, 2)
Inactivity Reports, 3) Sweeper Reports, and 4) Review of Expired Emergency Temp IDs Reports, 5) 3rd Party Spreadsheet Renewal Process, 6)
3rd Party IT Access Request, 7) ongoing security reporting, etc. Includes service schedule needs to be coordinated with HR’s schedule for
WIP processing and when communications are severed between DCP Midstream and Duke Energy.	  	12	  	12/31/07	  	$	15,615
	IDS Monitoring (DCP Midstream 187): Duke Energy will monitor the IDS for DCP Midstream’s network, detecting known signatures of malicious code on company computers and networks. DCP
Midstream will be informed of issues that occur in the same manner as today to maintain network integrity. While on Duke Energy’s network, DCP Midstream will share any significant issues reported from IDS/IPS monitoring through the CIRT
process.	  	12	  	12/31/07	  	$	7792
	Security Forms Processing (DCP Midstream 188): Duke Energy will process security related forms requested from DCP Midstream including (but not limited to): 1) 3rd Party Connection Requests, 2)
Active Directory Change Requests, 3) Employee Remote Access Request, 4) Firewall / Filter Change Requests, 5) Personal User ID Requests / Firewall Management Server UNIX logonid’s, and 6) Standards Exception Requests.	  	12	  	12/31/07	  	$	7792

  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above Chart. 
  

 A-86 

 CONFIDENTIAL 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

  

	 	1.	IT 5000 Policies, Standards and Procedures 

  

	 	•	 	 Duke Energy and DCP Midstream will adhere to the IT 5000 Policies, Standards, and Procedures of both parties as a minimum. Current Duke Energy process for
documenting, reviewing, and approving exceptions will be followed. Additional exceptions, (including the case where one party’s standards are less stringent than the other’s), will be mitigated using the dispute resolution process
described in this agreement with additional routing so that both parties stay abreast of issues. 

  

	 	•	 	 Duke Energy understands that DCP Midstream will not be installing two-factor authentication in 2007 due to timing and cost. This exception will be documented, if
not already. 

  

	 	2.	IT 6000 Policies, Standards, and Procedures 

  

	 	•	 	 IT 6000 policies are out of scope for DCP Midstream’s SCADA Network due to cost and regulatory differences. Current documented exceptions will continue their
periodic review, and if not eliminated, reasonable continuance will be granted for the exception mitigation. While DCP Midstream and Duke Energy networks are bridged, DCP Midstream will continue to maintain the current security configuration around
the SCADA networks as a minimum. Any exceptions to this will be mitigated using the current exception process with added routing so that both parties stay abreast of issues. 

  

	 	3.	Internal Penetration testing 

  

	 	•	 	 Neither company will request internal penetration testing by the other; however, either party may conduct penetration testing on their own infrastructure to ensure
ongoing network integrity as long as such testing is communicated to the other company prior to the beginning of testing. Any significant issues found by either party will be communicated to the other party. 

  

	 	4.	Forensic Investigations 

  

	 	•	 	 Neither DCP Midstream nor Duke Energy will conduct forensic investigations of the other’s IT assets. This is being done to protect the privacy of the party
being investigated. Either Duke Energy or DCP Midstream may need access to the others assets, depending on the extent of an investigation. Permission for such access will be requested in writing (or e-mail), and will not be unreasonably
withheld. Approval from either the HR or Legal department of the other company will be deemed sufficient permission. 

  

 A-87 

 CONFIDENTIAL 
  

	 	5.	Project Security Consulting 

  

	 	•	 	 DCP Midstream will do its own security project consulting as needed. While the networks are bridged, decisions that may affect the integrity of network
security will be communicated to both parties. 

  

	 	6.	IT Security Policy and Standards 

  

	 	•	 	 DCP Midstream will maintain its own security policy, standards, and governance, as will Duke Energy. While the networks are bridged, decisions that may affect
the integrity of IT security of either party will be communicated to both parties. 

  

	 	•	 	 Duke Energy will provide adequate notice to DCP Midstream of any security policy, procedure or other security-related changes that could impact the operation of DCP
Midstream’s systems. 

  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	Attn:	  	 Stan Land
 Phone: 713-627-4515
 Mobile: 713-204-7397
 Facsimile: 713-627-4655
 E-mail: scland@duke-energy.com
	  	Attn:	  	 Allan Skov
 Phone: 303-605-1610
 Mobile: 303-808-5447
 Facsimile: 303-605-2232
 E-mail: [ASkov@DCPMidstream.Com]

  

 A-88 

 CONFIDENTIAL 
  

 SCHEDULE A-39 
  

			
	Service Name:	  	DCP MIDSTREAM TELECOMMUNICATIONS/NETWORK
		
	ID Number(s):	  	102, 108, 109, 110, 111

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide DCP Midstream
with telecommunications and network services. Services to be included are listed in the Chart below. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Cellular Phone Billing and Management (DCP Midstream 102): Provide DCP Midstream with cellular phone reporting to employees and employee’s manager. Requires providing DCP Midstream with
cellular phone reporting since cellular vendors provide electronic consolidated billing with pooled minutes plan. Requires DCP Midstream employees to load vendor billing from pool plan into billing application. Duke Energy to provide programming
support for formatting application if needed. Requires Duke Energy to provide use of software application for DCP Midstream cell phone usage management reports. Average charges are $9000 a month.	  	12	  	12/31/07	  	 
 
 
 	Pass
through
actual
charges.
	WAN Operations for DCP Midstream circuits routed through Charlotte (110): Maintain current DCP Midstream circuits routed through Duke Energy Charlotte. Requires Duke Energy to maintain vendor
circuits from demarc to Duke Energy routers, CSU’s; respond to trouble tickets as dispatched on circuits and equipment. This includes the costs for the circuits leveraging Duke Energy’s corporate volume discounts. Maintain routing tables
as required. Continue routing of voice traffic within Duke Energy’s Charlotte network. Includes support for the ISDN circuits and services for the Tandberg video conferencing system.	  	12	  	12/31/07	  	$	30,247
	Virtual Private Network (VPN) and Remote Access Service (DCP Midstream 109): Manage current VPN service in Charlotte. Includes the management and maintenance of the Nortel VPN gateways in
Houston, Chatham and Calgary. Includes VPN desktop clients	  	12	  	12/31/07	  	$	5,827

  

 A-89 

 CONFIDENTIAL 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	and VPN access by DCP Midstream employees and approved third parties. Continue to provide remote dial-in services including global dial-up access for all DCP Midstream locations. Requires
ability to access the corporate intranet from anywhere in the world, 24x7 service availability, problem investigation via SPOC, hardware and software maintenance for related infrastructure, capacity planning.	  		  		  		
	Internet Service Access (DCP Midstream 108): Continue to provide DCP Midstream with access to the Internet. Includes management and maintenance of Internet access and availability to DCP
Midstream thru existing Internet gateways in Charlotte or the ADC. Includes Internet access to DCP Midstream using approved Internet protocols and services.	  	12	  	12/31/07	  	$	28,704
	Network Monitoring (DCP Midstream 111): Continue Network Monitoring. Services include outage recognition and customer notification at a monitored location, problem isolation, carrier engagement,
and follow-up. Define customer devices to network management systems and monitor network/device connection availability. Notify customers (pager, phone call, or email) of service disruption as reported by the management system. Provide
location-specific reports for availability information of WAN circuits as requested. Isolate problem to router or circuit. Escalate circuit problem by reporting to carrier and following up for resolution. Includes all current TOC (Telecommunication
Operations Center) services.	  	12	  	12/31/07	  	$	7,844

  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above Chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None 
  

 A-90 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:      Stan Land
               Phone: 713-627-4515
               Mobile: 713-204-7397
               Facsimile: 713-627-4655
               E-mail:
scland@duke-energy.com
	 	 Service Recipient:
  
 Attn:      Allan Skov
               Phone: 303-605-1610
               Mobile: 303-808-5447
               Facsimile: 303-605-2232
               E-mail:
[ASkov@DCPMidstream.Com]

  

 A-91 

 CONFIDENTIAL 
  

 SCHEDULE A-40 
  

			
	Service Name:	  	SPECTRA ENERGY IT BUSINESS AND MISCELLANEOUS APPLICATIONS
		
	ID Number(s):	  	17, 20, 21, 23, 24, 32, 33, 52, 58, 127

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall provide support to
Spectra Energy for a variety of miscellaneous applications and systems. Individual services, along with their duration and fees, are listed below. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Employee Portal (20): Continue to support and make available the employee portal (Plumtree environment). Limited Portal support will continue after the Spectra Energy portal is established for
Spectra Energy access to HR applications as described in Schedule A-42, HR Portal, Human Resources (HR) Systems.	  	12	  	12/31/07	  	$	34,049
	Filenet – Electronic Document Management (EDM) (21): Continue to support Filenet EDM system and processes for Spectra Energy. This includes 12 application interfaces from CAPS Online, Real
Estate, Corporate Secretary, IT Infrastructure & Support, MSDS, Supply Chain Management, Records/Email management and Spectra Energy West.	  	6	  	6/30/07	  	$	37,523
	Records Management (127): Continue to make available and support Houston Records Center System and Retention Information Database.	  	1	  	1/31/07	  	$	2,913
	Weather (23): Provide realtime data to Gas Control. FTP file currently retrieved for meteorological data.	  	6	  	6/30/07	  	$	2,698
	Fleet System (24): Continue to make available and support the fleet application used to maintain fleet equipment and inventory.	  	9	  	9/30/07	  	$	3,386
	Laboratory Information Management System (LIMS) (32): Continue to make available and support LIMS for sample analysis.	  	6	  	6/30/07	  	$	3,208
	Electronics Forms Repository (52): Provide for use of the corporate electronic forms repository infrastructure.	  	6	  	6/30/07	  	$	7,495

  

 A-92 

 CONFIDENTIAL 
  

									
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month	 
	Incident Reporting & Information Reporting and Access Control (33): Continue to support Incident Reporting & Information Management System and Access Control applications.	  	3	  	3/31/07	  	$	3,031	 
				
	SOX Express (58): Continue to support Sox Express for Spectra Energy.	  	6	  	6/30/07	  	 	NA 	(1)
				
	FileNet and Fileshares for Tax (17): Continue support for FileNet and Fileshares needed for Tax.	  	12	  	12/31/07	  	$	524	 

  

	(1)	SOX Express provided at no fee. Effort supports Duke Energy’s 2006 reporting requirements while Spectra Energy was under Duke Energy. 

  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above Chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:      Stan Land
               Phone: 713-627-4515
               Mobile: 713-204-7397
               Facsimile: 713-627-4655
               E-mail:
scland@duke-energy.com
	 	 Service Recipient:
  
 Attn:      Steve Craft
               Phone: (713-627-4310)
               Mobile: 713-447-4310
               Facsimile: 713-627-4066
               E-mail:
swcraft@spectraenergy.com

  

 A-93 

 CONFIDENTIAL 
  

 SCHEDULE A-41 
  

			
	Service Name:	  	SPECTRA ENERGY EMAIL SERVICES
		
	ID Number(s):	  	3, 19, 31, 65

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall provide to Spectra Energy
eMail services. Services to be included, their duration, and fees are in the chart below. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	URL Redirects and eMail forwarding (3): Forward Spectra Energy email not identified as SPAM that is received under Duke-energy.com to Spectra Energy mail servers and redirect DEGT URL to new
Spectra Energy URLs.	  	6	  	6/30/07	  	$	5,751
	Litigation Archiving (19): Continue to provide email litigation archiving system (utilizing current Corporate legal repository infrastructure). All current services provided by EBS for CA iLumin
and Centerra (archiving, data capture, discovery) will be needed.	  	6	  	6/30/07	  	$	18,237
	SameTime (IBM) – Instant Messaging and On-line Meetings (31): Continue to provide Duke Energy’s Instant Messaging and On-line Meeting solution to Spectra Energy.	  	3	  	3/31/07	  	$	5,433
	eMail Forwarding (65): Forward Spectra Energy email not identified as SPAM that is received under duke-energy.com to Spectra Energy mail servers. Spectra Energy to provide Duke Energy a list of
original (i.e.@duke-energy.com) and new (i.e.@spectraenergy.com) email addresses to forward. Limit of one email address per Spectra Energy resource and 500 unique mailing-group/application email addresses.	  	6	  	6/30/07	  	$	5,751

  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

 A-94 

 CONFIDENTIAL 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:      Stan Land
               Phone: 713-627-4515
               Mobile: 713-204-7397
               Facsimile: 713-627-4655
               E-mail:
scland@duke-energy.com
	 	 Service Recipient:
  
 Attn:      Steve Craft
               Phone: 713-627-4310
               Mobile: 713-447-4310
               Facsimile: 713-627-4066
               E-mail:
swcraft@spectraenergy.com

  

 A-95 

 CONFIDENTIAL 
  

 SCHEDULE A-42 
  

			
	Service Name:	  	SPECTRA ENERGY HUMAN RESOURCES (HR) SYSTEMS
		
	ID Number(s):	  	25, 27, 62, 191

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall provide Spectra Energy,
or support Spectra Energy’s use of third-party services that provide Spectra Energy, the systems and IT-related services needed for the Human Resource function. Services include those provided by Hewitt, Smith Barney, Equity Edge (for
historical data only),and Duke Energy. Spectra Energy intends to move to a non-Spectra Energy service solution effective January 1, 2008 and will also need Duke Energy support during this transition. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	HR Portal (191): Duke Energy to provide access to the Hewitt HR Services and to support a technical solution that links the new Spectra Energy Employee Portal to the Hewitt HR Services (single
signon), HR Briefcase, HR Manager’s Briefcase, functions via Duke Energy Portal. This will be provided via links from the Spectra Energy portal to pages on the Duke Energy Portal. Spectra Energy personnel will link to myHR and Briefcase
applications from those pages. Note: Also see Employee Portal (20) under IT Business and Miscellaneous Applications.	  	12	  	12/31/07	  	 	$26,173
	HR Data Mart (25): Support the HR and DS datamart and all reporting using business objects from the Mart.	  	12	  	12/31/07	  	$	46,720
	Lotus Notes, DON, Career Ops, Bookmark (Duke Energy supported), and third party services (27): Continue support for HR applications that do not fall under Hewitt or other third party provider,
i.e., Lotus Notes, DON, Bookmark. Continue to support non-Hewitt HR third party services, e.g., Smith Barney and Equity Edge (for historical data only).	  	12	  	12/31/07	  	$	6,322
	Organization Chart and Phone Book (62): Support use of the organization chart and phone books for Spectra Energy. Spectra Energy will use a separate Org Chart and Phone Book applications from
Duke Energy. These applications will contain only Spectra Energy and DCP Midstream data. There will be no access to the Duke Energy Phone Book and Org Chart applications.	  	12	  	12/31/07	  	$	6,074

  

 A-96 

 CONFIDENTIAL 
  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above Chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:      Stan Land
               Phone: 713-627-4515
               Mobile: 713-204-7397
               Facsimile: 713-627-4655
               E-mail:
scland@duke-energy.com
	 	 Service Recipient:
  
 Attn:      Steve Craft
               Phone: 713-627-4310
               Mobile: 713-447-4310
               Facsimile: 713-627-4066
               E-mail:
swcraft@spectraenergy.com

  

 A-97 

 CONFIDENTIAL 
  

 SCHEDULE A-43 
  

			
	Service Name:	  	DCP MIDSTREAM EMAIL / LOTUS NOTES APPLICATION SERVICES
		
	ID Number(s):	  	79, 96, 97, 98, 100, 169, 170, 182

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide eMail services
to DCP Midstream. Continue to provide eMail services to DCP Midstream. Services under this TSA include Email, URL redirects, email forwarding, litigation archiving and Lotus Notes Applications. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Email (DCP Midstream 97): Continue to provide email server administration, user administration, Spam filtering, blackberry server and firmware management. Duke Energy to continue supporting
RightFax functionality in the Duke Energy environment. Requires services be available 24/7.	  	12	  	12/31/07	  	 	$4,693
				
	Email Forwarding (DCP Midstream 169) Forward all DCP Midstream email not identified as SPAM that is received under Duke-energy.com to DCP Midstream mail servers. DCP Midstream to provide Duke
Energy a list of original (i.e. @duke-energy.com) and new (i.e. @DCPMidstream.com) email addresses to forward.	  	12	  	12/31/07	  	$	4,693
	URL Redirects (DCP Midstream 182) Redirect DEFS URL’s to the new DCP Midstream URLs.	  	12	  	12/31/07	  	$	4,693
	Litigation Archiving (DCP Midstream 96): Continue to provide email litigation archiving system (utilizing current Corporate legal repository infrastructure). Requires service support for Legal
Hold email and applicable held email transferred. Requires all current services being provided by EBS for CA iLumin and Centerra (archiving, data capture, and discovery). Requires Data capture be provided 24/7.	  	12	  	12/31/07	  	$	4,693
	SameTime (IBM) – Instant Messaging and On-line Meetings (DCP Midstream 98): Continue to use Duke Energy’s Instant Messaging and On-line Meeting solution. Requires 24/7 availability.
Requires the internal IM and on-line meetings for DCP Midstream will use the current SameTime solution.	  	12	  	12/31/07	  	$	4,693

  

 A-98 

 CONFIDENTIAL 
  

								
				
	Lotus Notes (DCP Midstream 79): Continue to provide support for the Lotus Notes environment; including all required domains for existing Lotus Notes applications. Maintain support for
applications interfaced between Lotus Notes applications and other systems. Continue supporting current domains and provide support for any new domains required during the transition. Requires Tier 1 & 2 support will continue to be provided by
Duke Energy. Requires continued support for applications with complex interfaces such as Investor Relations, Group Population, Deal Tickets Price Reporting, CMS, AMS, and Petris OneCall. Requires continued support for all Lotus Notes applications
with a valid DEFS user ID, including address book, calendars, DON, Gas Acc, all applications that read the Financial data mart etc. Costs include Lotus Notes Application support ($4,693) and software maintenance ($7,899). Note that the $7,899
monthly charge is an estimate (based on 2006 charges) and will be adjusted and trued up based on the actual annual charge from the vendor (IBM).	  	12	  	12/31/07	  	$	12,592
	Directory Synchronization between new DCP Midstream and Duke Energy (DCP Midstream 100): Directory synchronization between DCP Midstream and Duke Energy. Includes all DCP Midstream Exchange
Organizations and Lotus Notes Domains. (1) DCP Midstream and Duke Energy personnel managing the TSA’s will need to be able to communicate. (2) There are applications in Corp that the DCP Midstream will utilize, requiring directory
synchronization for mail routing and access. Requires support be available 24/7. Continue to support email services that support secondary email enabled applications. Areas include separation of accounts, address books, SMTP, and calendars. Maintain
inbound email routing to applications for duke-energy.com and DCP Midstream.com and outbound SMTP support under the DCP Midstream.com domain. This includes registering the DCP Midstream.com domain and processing inbound and outbound
mail.	  	12	  	12/31/07	  	$	4,693
	Electronics Forms Repository (DCP Midstream170): Continue to use the corporate electronic forms repository infrastructure. This requires access, routing and approval functions.	  	12	  	12/31/07	  	$	4,693

  

 A-99 

 CONFIDENTIAL 
  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above Chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Excludes Outlook and
related corporate email communications. 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:      Stan Land
               Phone: 713-627-4515
               Mobile: 713-204-7397
               Facsimile: 713-627-4655
               E-mail:
scland@duke-energy.com
	  	 Service Recipient:
  
 Attn:      Allan Skov
               Phone: 303-605-1610
               Mobile: 303-808-5447
               Facsimile: 303-605-2232
               E-mail:
[ASkov@DCPMidstream.Com]

  

 A-100 

 CONFIDENTIAL 
  

 SCHEDULE A-44 
  

			
	Service Name:	  	SPECTRA ENERGY IT INFRASTRUCTURE
		
	ID Number(s):	  	1, 2, 4, 28, 29, 30

  

	I.	SCOPE OF SERVICES 

 Duke Energy shall provide IT
Infrastructure support to Spectra Energy, enabling Spectra Energy’s use of Duke Energy supported IT Systems through the period covered by this Schedule. IT Infrastructure support will include Business/IT Recovery, Asset Center, WIP, Change
Management, and Workstation Management. The individual services, their duration and cost follow: 
  

							
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Business/IT Recovery (1): Spectra Energy will require the use of the Duke Energy McQuire office complex as a hot site to meet Spectra Energy’s current business recovery requirements until
May 31, 2007.	  	5	  	5/31/07	  	$64,655
	 DEGT Domain Active (2) Duke Energy will provide Spectra Energy with access to the ‘
 Spectra Energy Active Directory domain.
	  	6	  	6/30/07	  	—  
	Dir Sync between new Spectra Energy and Duke Energy (28): Directory synchronization between the new Spectra Energy (US and Canada) and Duke Energy through 2007. Includes all Spectra Energy
Exchange Organizations and Lotus Notes Domains. (1) Spectra Energy and Duke Energy personnel managing the TSAs will need to be able to communicate and coordinate migration of services from Duke Energy to Spectra Energy. (2) There are
applications in Duke Energy that the Spectra Energy will utilize, requiring directory synchronization for mail routing and access. Corporate (Duke Energy) Directory Services (using Microsoft MIIS) should continue to synch addressing information
between Spectra Energy Lotus Notes domains (US and Canada) and corporate Duke Exchange. Enable Spectra Energy resources continued access to specific applications that require workflow and approval routing. Duke Energy will maintain, if needed, any
existing synchronization processes required to support the continued access and functionality of the existing applications.	  	12	  	12/31/07	  	$6,389

  

 A-101 

 CONFIDENTIAL 
  

							
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Workstation Management (29) – Maintain (1) BR06A image support and maintenance, (2) USUS patch deployments, (3) DAE support, and (4) all applications, utilities and tools used for
workstation management services. All services currently provided by EBS IT operations Enterprise Workstation Management group are in scope, including (1) Administration of the Deploy Work Management System (DWMS), (2) Vendor Performance Support for
all products and services offered by EWM and, (3) maintaining work management built into Remedy (Help Desk) application.	  	9	  	9/30/07	  	$22,626
	Asset Center Support (30) – Maintain all asset center applications functional support through 6/30/07. Includes application support and services.	  	6	  	6/30/07	  	$27,867
	Change Management (4) – Support of change management ICI Notes application for Houston. All services currently provided by EBS to Spectra Energy Houston operations with regards to
change control. All services are to remain “As Is” for Union Gas and Pipeline and Field Services which does not use this application.	  	6	  	6/30/07	  	$3,208

  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above Chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

 A-102 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:      Stan Land
               Phone: 713-627-4515
               Mobile: 713-204-7397
               Facsimile: 713-627-4655
               E-mail:
scland@duke-energy.com
	 	 Service Recipient:
  
 Attn:      Steve Craft
               Phone: 713-627-4310
               Mobile: 713-447-4310
               Facsimile: 713-627-4066
               E-mail:
swcraft@spectraenergy.com

  

 A-103 

 CONFIDENTIAL 
  

 SCHEDULE A-45 
  

			
	Service Name:	  	SPECTRA ENERGY IT SECURITY
		
	ID Number(s):	  	2, 10, 42, 63

  

	I.	SCOPE OF SERVICES 

 Duke Energy is to provide Spectra Energy with
the services needed to maintain a secured IT operating environment for Spectra Energy during the transition period. These services will protect Spectra Energy’s IT assets from unintended access, maintain the accuracy and integrity of data
traveling across and stored on Spectra Energy’s IT assets, and reduce or mitigate the overall cyber security risks to Spectra Energy. The individual services, their duration and cost follow: 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Active Directory Support (2): Provide access to the Duke Energy Active Directory domain.	  	6	  	6/30/07	  	 	$9,594
	CIRT (42): Continue CIRT communications and updates between the Spectra Energy CIRT team and Duke Energy via phone calls. Make all portal updated information available for Spectra Energy staff
to post on the Spectra Energy portal.	  	12	  	12/31/07	  	$	11,684
	Vulnerability (Patch) Mgt. Reviews (42): Continue vulnerability patch management updates. Mutual collaboration between Duke Energy and Spectra Energy’s patch management efforts will
continue at no fee until Spectra Energy is no longer connected to the Duke Energy network. Both Spectra Energy and Duke Energy will continue to meet all needed patch dates while both company’s networks are connected.	  	6	  	6/30/07	  	$	11,653
	Firewall Change Request (42): Spectra Energy US will manage the firewalls beginning on 1/1/2007. Significant changes will be discussed and\or coordinated with Duke Energy to ensure the continued
network integrity. (Note: Firewalls are a security gateway providing protection to the internal network from other networks, including the Internet. Nokia-Checkpont is the current vendor.)	  	9	  	9/30/07	  	 	N/A
	WIP, Synchronization, and Data Integrity Reports (63): Continue to produce all system integrity reporting processes including (but not limited to): 1) AD Data Integrity, 2) Inactivity Reports,
3) Sweeper Reports, and 4) Review of Expired Emergency Temp IDs Reports, 5) 3rd Party Spreadsheet Renewal Process, 6) 3rd Party IT Access Request	  	12	  	12/31/07	  	$	35,526

  

 A-104 

 CONFIDENTIAL 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	IDS Monitoring (42): Duke Energy will monitor the IDS for Spectra Energy’s network, detecting known signatures of malicious code on company computers and networks. Spectra Energy will be
informed of issues that occur in the same manner as today to maintain network integrity. While on Duke Energy’s network, Spectra Energy will share any significant issues reported from IDS/IPS monitoring through the CIRT process.	  	9	  	9/30/07	  	 	$11,497
	Security Forms Processing (42): Spectra Energy will process security related forms passed on from Duke including (but not limited to): 1) 3rd Party Connection Requests, 2)Active Directory Change Requests, 3) Employee Remote Access Request, 4) Firewall / Filter Change Requests, 5) Personal User ID Requests / Firewall
Management Server UNIX logonid’s, and 6) Standards Exception Requests.	  	0	  	12/31/06	  	 	N/A
	Manage Canadian Firewalls (10): Duke Energy will continue to manage the Canadian firewalls. Further Duke Energy will continue maintenance and support of Spectra Energy’s Canada backup
firewall management server – degtcltfwm01. Once, Canada takes over management of the firewalls, changes will be coordinated through Spectra Energy IT Security Operations. (Note: Firewalls are a security gateway providing protection of the
internal network from other networks, including the Internet. Nokia-Checkpont is the current vendor.)	  	6	  	6/30/07	  	$	3,625
	WEB Content Filtering (42): Spectra Energy will have its own management of content filtering by 12/31/06	  	0	  	12/31/06	  	 	N/A

  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above Chart. 
  

	III.	FEES 

 See Chart above for fees 
  

 A-105 

 CONFIDENTIAL 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 IT 5000
Policies, Standards and Procedures 
  

	 	•	 	 Duke Energy and Spectra Energy will adhere to the IT 5000 Policies, Standards, and Procedures of both parties as a minimum. Current Duke Energy process for
documenting, reviewing and approving exceptions will be followed. Duke Energy understands that Spectra Energy will not be installing two-factor authentication in 2007. This exception will be documented. 

 IT 6000 Policies, Standards, and Procedures 
  

	 	•	 	 IT 6000 policies are out of scope for Spectra Energy’s SCADA Network due to cost and regulatory differences. Current documented exceptions will continue their
periodic review, and if not eliminated, reasonable continuance will be granted for the exception mitigation. While Spectra Energy and Duke Energy networks are bridged, Spectra Energy will continue to maintain the current security configuration
around the SCADA networks as a minimum. Any exceptions to this will be mitigated using the current exception process with added routing so that both parties stay abreast of issues. 

 Internal Penetration testing 
  

	 	•	 	 Neither company will request internal penetration testing by the other; however, either party may conduct penetration testing on their own infrastructure to ensure
ongoing network integrity as long as such testing is communicated to the other company prior to the beginning of testing. Any significant issues found by either party will be communicated to the other party. 

 Forensic Investigations 
  

	 	•	 	 Neither company will conduct forensic investigations of the other’s IT assets. This is being done to protect the privacy of the party being investigated.
Either company may need access to the other’s assets, depending on the extent of an investigation. Permission for such access will be requested in writing (or e-mail), and will not be unreasonably withheld. Approval from either the HR or Legal
department of the other company will be deemed sufficient permission. 

 Project Security Consulting 
  

	 	•	 	 Spectra Energy will do its own security project consulting as needed. While the networks are bridged, decisions that may affect the integrity of network security
will be communicated to both parties. 

 IT Security Policy and Standards 
  

	 	•	 	 Spectra Energy will maintain its own security policy, standards, and governance, as will Duke Energy. While the networks are bridged, decisions that may affect the
integrity of IT security of either party will be communicated to both parties. 

  

 A-106 

 CONFIDENTIAL 
  

	V.	CONTACTS 

  

			
	 Service Provider:
  
 Attn:      Stan Land
               Phone: 713-627-4515
               Mobile: 713-204-7397
               Facsimile: 713-627-4655
               E-mail:
scland@duke-energy.com
	 	 Service Recipient:
  
 Attn:      Steve Craft
               Phone: (713-627-4310)
               Mobile: 713-447-4310
               Facsimile: 713-627-4066
               E-mail:
swcraft@spectraenergy.com

  

 A-107 

 CONFIDENTIAL 
  

 SCHEDULE A-46 
  

			
	Service Name:	  	SPECTRA ENERGY IT TELECOMMUNICATIONS/ NETWORK
		
	ID Number(s):	  	7, 8, 9, 11, 12, 13, 14, 197, 198

  

	I.	SCOPE OF SERVICES 

 Duke Energy will provide Spectra Energy
with telecommunications and network services. The individual services, their duration and cost follow: 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Cellular Phone Billing and Management (7): Provide Spectra Energy with cellular phone reporting to employees and employee’s manager. Application: Corp – Misc – Comm – 1
– Cellular Usage.	  	6	  	6/30/07	  	$	3,208
	WAN Operations for Spectra Energy circuits routed through Charlotte (8): Maintain current Houston and Canada WAN circuits routed through Duke Energy Charlotte. Maintain vendor circuits from
demarc to Duke Energy Routers, CSUs, respond to trouble tickets as dispatched on circuits and equipment. Maintain routing tables as required. All WAN circuit costs to be direct-billed to Spectra Energy.	  	12	  	12/31/07	  	$	0.00
	SCADA Telemetry backup routing (9): Maintain Verizon backup telemetry circuit in Charlotte. Circuit is routed back to Houston on Duke Energy WAN.	  	3	  	3/31/07	  	$	0.00
	Virtual Private Network (VPN) Service (11): Manage current VPN service in Charlotte. Manage and maintain the Nortel VPN gateways in Houston, Chatham, and Calgary. Support Nortel VPN desktop
clients. Access to VPN by Spectra Energy personnel and Spectra Energy approved third parties.	  	6	  	6/30/07	  	$	2,015
	Voice Dialing Plan (12): Continue routing of voice traffic within Duke Energy Charlotte network. Maintain circuits, tie lines, PBX interface and traffic routing, and respond to trouble tickets
as dispatched on circuits and equipment.	  	6	  	6/30/07	  	$	0.00
	Telecom Information System (TIS) (13): Continue to provide availability and support for the Telecom Information System and the Spectra Energy telephone directory. Provide Spectra Energy access
to TIS to provide employee MAC moves, adds, changes) data to upload into Spectra Energy telephone directory.	  	3	  	3/31/07	  	$	3,031

  

 A-108 

 CONFIDENTIAL 
  

  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Internet Service Access (14): Continue to provide Spectra Energy with access to the Internet.	  	6	  	6/30/07	  	$	0.00
	Voice-Conferencing (197): Provide and manage the voice conferencing service in Charlotte for Spectra Energy US based operations.	  	1	  	1/31/07	  	$	5,320
	Voice-Conferencing (198): Provide and manage the voice conferencing service in Charlotte for Spectra Energy US based operations.	  	1	  	1/31/07	  	$	5,320

  

	II.	SERVICES TERM 

 The duration and end date of each service is
provided in the above Chart. 
  

	III.	FEES 

 See Chart above for fees. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	 	Service Recipient:
				
	 Attn:
	 	 Stan Land
 Phone: 713-627-4515
 Mobile: 713-204-7397
 Facsimile: 713-627-4655
 E-mail: scland@duke-energy.com
	 	Attn:	  	 Steve Craft
 Phone: 713-627-4310
 Mobile: 713-447-4310
 Facsimile: 713-627-4066
 E-mail: swcraft@spectraenergy.com

  

 A-109 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B 
 SERVICES TO BE PROVIDED TO DUKE ENERGY BY SPECTRA ENERGY 
 Capitalized terms used in this Schedule and not otherwise defined in the Schedule shall have the respective meanings ascribed thereto in the body of the
Transition Services Agreement to which this Schedule is attached (the “Agreement”). 
 All dollars expressed are U.S. Dollars,
unless otherwise explicitly noted. 
 Spectra Energy will bill Duke Energy periodically as set forth in the Agreement. 
  

 B-1 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-1 
  

			
	Service Name:	  	DUKE ENERGY - HR GENERAL CONSULTING
		
	ID Number(s):	  	159

  

	I.	SCOPE OF SERVICES 

 Spectra Energy shall
provide to Duke Energy consulting services, outside of that referenced in specific HR Service Agreements, with Subject Matter Experts from Duke, Human Resources, on an on-going basis through 2007. Consulting may be in the form of telephone and email
exchange or meetings as required. 
 Expertise may be sought from the following functions: 
  

	 	•	 	 Staffing & Recruiting; 

  

	 	•	 	 Training & Development; 

  

	 	•	 	 General & Executive Compensation; 

  

	 	•	 	 US Benefits; 

  

	 	•	 	 Compliance; 

  

	 	•	 	 Vendor Management Office; 

  

	 	•	 	 Employee Relations; 

  

	 	•	 	 Medical Management; 

  

	 	•	 	 Labor Relations; and 

  

	 	•	 	 Business Support and General Services. 

  

	II.	SERVICES TERM 

 January 1, 2007 to December 31,
2007 
  

	III.	FEES 

 Spectra Energy personnel relating to: 
 Staffing & Recruiting - $79/hour + out of pocket expenses 
 Training & Development - $86/hour + out of pocket expenses 
 General & Executive
Compensation - $112/hour + out of pocket expenses 
 US Benefits - $80/hour + out of pocket expenses 
 Compliance - $93/hour + out of pocket expenses 
  

 B-2 

 CONFIDENTIAL 
  

 B 
 Vendor Management Office Support - $84/hour + out of pocket expenses 
 Vendor Management Office Transformation - $127/hour + out of
pocket expenses 
 Employee Relations - $78/hour + out of pocket expenses 
 Medical Management - $122/hour + out of pocket expenses 
 Labor Relations - $113/hour + out of pocket expenses 
 Business Support and General Services - $111/hour +
out of pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	 	Service Recipient:
				
	 Attn:
	 	 Jim Haynes
 VP, HR Spectra Energy US
 Phone: 713-627-5166
 Mobile: 713-501-5641
 Facsimile: 713-989-3181
 E-mail: jdhaynes@duke- energy.com
	 	Attn:	  	 Colon McLean –
 VP, HR Business Support

Phone: 704-382-3442
 Mobile 704-651-6317
 Facsimile: 704-382-1982
 E-mail:
csmclean@duke-energy.com:

  

 B-3 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-2 
  

			
	Service Name:	  	SPECTRA ENERGY AUDIT SERVICES RESOURCE SHARING
		
	ID Number(s):	  	207

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will provide audit
services to Duke Energy as requested. In addition, where Spectra Energy Audit Services performs audits of functions that provide transition services to Duke Energy, Spectra Energy Audit Services will provide audit documentation to Duke Energy Audit
Services for their reliance. The intended services include performing the audits of common processes, providing documentation of audit results, and providing audit reports of significant findings. 
  

	II.	SERVICES TERM 

 January 1, 2007 – December 31,
2007 
  

	III.	FEES 

 All Spectra Energy personnel: $113/hour plus out of
pocket expenses 
 Maximum of 5,000 hours of time from Spectra Energy Audit Services. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 To the extent resources
needed to provide requested audit services are unavailable due to utilization on other Spectra Energy projects, Spectra Energy shall provide the requested audit services only if it does not interfere with other work. 
 Where Duke Energy and Spectra Energy elect to jointly perform audit services, Spectra Energy may provide personnel and resources in proportion to its relative portion of
the audit. In those situations, no fee will be needed. 
  

 B-4 

 CONFIDENTIAL 
  

 B 
  

	V.	CONTACTS 

  

							
	Service Provider:	 	Service Recipient:
				
	 Attn:
	 	 Dorothy Ables
 VP, Audit, Ethics and Compliance
 Phone: 713-627-4400
 Mobile: : 713-204-1230
 Facsimile: : 713-989-3257
 E-mail: : dmables@duke-energy.com
	 	 Attn:
	  	 Jeff Browning
 VP, Audit Services
 Phone: 704-382-6353
 Mobile: : 704-609-6129
 Facsimile: : 704-382-3795
 E-mail: :
jgbrowning@duke-energy.com

  

 B-5 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-3 
  

			
	Service Name:	  	DUKE ENERGY SERVICES FOR PROPERTY TAX
		
	ID Number(s):	  	128

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will prepare the 2006
property tax payments for Duke Energy Shared Services, Inc. (with respect to the business of Duke Energy Carolinas, LLC), Duke Energy Washington, Duke Energy Hanging Rock, Duke Energy Vermillion, Duke Energy Lee, and Duke Energy Fayette through
March 31, 2007. 
  

	II.	SERVICES TERM 

 January 1, 2007 - March 31, 2007

  

	III.	FEES 

 $3,890/month, plus out of pocket expenses 

 

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	 	Service Recipient:
				
	 Attn:
	 	 Steve Sobell
 Phone: 704-382-0999
 Mobile: 704-258-5827
 Facsimile: 704-382-8261
 E-mail: smsobell@duke- energy.com
	 	Attn:	  	 Keith Butler
 Phone: 704-382-8681
 Mobile: 704-905-3115
 Facsimile: 980-373-5694
 E-mail: kgbutler@duke-energy.com

  

 B-6 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-4 
  

			
	Service Name:	  	DUKE ENERGY SERVICES FOR PROPERTY TAX
		
	ID Number(s):	  	193

  

	I.	SCOPE OF SERVICES 

 Consultation on preparation of 2007
property tax returns: Duke Energy Shared Services, Inc. (with respect to the business of Duke Energy Carolinas, LLC in NC, SC, and GA); Duke Communications (NC); and DENA Midwest plants transferred to CG&E. 
  

	II.	SERVICES TERM 

 January 1, 2007 - December 31, 2007

  

	III.	FEES 

 All Spectra Energy personnel: $125 /hour plus out of
pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Steve Sobell
 Phone: 704-382-0999
 Mobile: 704-258-5827
 Facsimile: 704-382-8261
 E-mail: smsobell@duke-energy.com
	  	 Attn:
	  	 Keith Butler
 Phone: 704-382-8681
 Mobile: 704-905-3116
 Facsimile: 980-373-5694
 E-mail: kgbutler@duke-energy.com

  

 B-7 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-5 
  

			
	Service Name:	  	DUKE ENERGY SERVICES FOR DENA FACILITIES
		
	ID Number(s):	  	194

  

	I.	SCOPE OF SERVICES 

 Consultation on DENA facilities regarding
litigation or pending appeals: Morro Bay, New Albany, and Enterprise. Services include, for example, employee time in connection with subpoenas or negotiating final assessments with taxing jurisdictions. 
  

	II.	SERVICES TERM 

 January 1, 2007 - December 31, 2007

  

	III.	FEES 

 All Spectra Energy personnel: $145/hour plus out of
pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Steve Sobell
 Phone: 704-382-0999
 Mobile: 704-258-5827
 Facsimile: 704-382-8261
 E-mail: smsobell@duke-nergy.com
	  	 Attn:
	  	 Keith Butler
 Phone: 704-382-8681
 Mobile: 704-905-3116
 Facsimile: 980-373-5694
 E-mail: kgbutler@duke-energy.com

  

 B-8 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-6 
  

			
	Service Name:	  	DUKE ENERGY SERVICES FOR SALES & USE TAX AUDIT SUPPORT
		
	ID Number(s):	  	140

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will provide Duke Energy
access to professionals familiar with sales & use tax in the event of a sales & use tax audit. 
  

	II.	SERVICES TERM 

 January 1, 2007 - December 31, 2007

  

	III.	FEES 

 All Spectra Energy personnel: $115/hour plus out of
pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Steve Sobell
 Phone: 704-382-0999
 Mobile: 704-258-5827
 Facsimile: 704-382-8261
 E-mail: smsobell@duke-energy.com
	  	 Attn:
	  	 Keith Butler
 Phone: 704-382-8681
 Mobile: 704-905-3116
 Facsimile: 980-373-5694
 E-mail: kgbutler@duke-energy.com

  

 B-9 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-7 
  

			
	Service Name:	  	DUKE ENERGY SERVICES FOR STATE INCOME TAX AUDIT SUPPORT
		
	ID Number(s):	  	129

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will provide Duke Energy
access to professionals familiar with state income tax in the event of a state tax audit. 
  

	II.	SERVICES TERM 

 January 1, 2007 - December 31, 2007

  

	III.	FEES 

 All Spectra Energy personnel: $110/hour plus out of
pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Steve Sobell
 Phone: 704-382-0999
 Mobile: 704-258-5827
 Facsimile: 704-382-8261
 E-mail: smsobell@duke-energy.com
	  	 Attn:
	  	 Keith Butler
 Phone: 704-382-8681
 Mobile: 704-905-3116
 Facsimile: 980-373-5694
 E-mail: kgbutler@duke-energy.com

  

 B-10 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-8 
  

			
	Service Name:	  	DUKE ENERGY SERVICES FOR STATE TAX
		
	ID Number(s):	  	139

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will provide to Duke
Energy state income tax compliance and consultation services and assistance with the preparation of PowerCo, unitary, consolidated state income tax returns. 
  

	II.	SERVICES TERM 

 January 1, 2007 - December 31, 2007

  

	III.	FEES 

 $400 per state tax return plus out of pocket expenses

  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Steve Sobell
 Phone: 704-382-0999
 Mobile: 704-258-5827
 Facsimile: 704-382-8261
 E-mail: smsobell@duke-energy.com
	  	 Attn:
	  	 Keith Butler
 Phone: 704-382-8681
 Mobile: 704-905-3116
 Facsimile: 980-373-5694
 E-mail: kgbutler@duke-energy.com

  

 B-11 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-9 
  

			
	Service Name:	  	DUKE ENERGY SERVICES FOR STATE TAX
		
	ID Number(s):	  	195

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will provide to Duke
Energy assistance with state estimated tax payments; calculation of and preparation of estimated tax payments for Duke Energy entities for 2007. 
  

	II.	SERVICES TERM 

 January 1, 2007 - December 31, 2007

  

	III.	FEES 

 $50 / jurisdictional filing plus out of pocket
expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Steve Sobell
 Phone: 704-382-0999
 Mobile: 704-258-5827
 Facsimile: 704-382-8261
 E-mail: smsobell@duke-energy.com
	  	 Attn:
	  	 Keith Butler
 Phone: 704-382-8681
 Mobile: 704-905-3116
 Facsimile: 980-373-5694
 E-mail: kgbutler@duke-energy.com

  

 B-12 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-10 
  

			
	Service Name:	  	DUKE ENERGY SERVICES FOR STATE TAX
		
	ID Number(s):	  	196

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will provide to Duke
Energy consultation services regarding the use of systems to calculate state effective tax rates for accrual purposes. 
  

	II.	SERVICES TERM 

 January 1, 2007 - December 31, 2007

  

	III.	FEES 

 All Spectra Energy personnel: $100/hour plus out of
pocket expenses 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 None. 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Steve Sobell
 Phone: 704-382-0999
 Mobile: 704-258-5827
 Facsimile: 704-382-8261
 E-mail: smsobell@duke-energy.com
	  	 Attn:
	  	 Keith Butler
 Phone: 704-382-8681
 Mobile: 704-905-3116
 Facsimile: 980-373-5694
 E-mail: kgbutler@duke-energy.com

  

 B-13 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-11 
  

			
	Service Name:	  	DUKE ENERGY – PEOPLESOFT IT SUPPORT
		
	ID Number(s):	  	181

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will provide Duke Energy
with PeopleSoft IT Support. Level of service and fees are provided in the chart below and are based on 0.5 FTE. Support provided above the 0.5 FTE level will be charged at the rate of $78 per hour. Written agreement and approval between the Service
Provider and Service Recipient is required before base service support for 0.5 FTE is exceeded. 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	 PeopleSoft IT Support (R-181): Spectra Energy will provide services related to the systems and IT-related services to Duke Energy needed for
applications being used in the U.S. Based portion of Duke Energy. These services shall include the following:
  
 1.      Support and administration of the Informatica 7.1/FI-Hub which is inclusive of the ETL tool
used to create the new Financial data mart on Oracle
 2.      Support and
administration of the VSI-Fax/Merkur Infrastructure which is the Billing and Invoice interface to the PeopleSoft Financials System
 3.      Support for the Smart Dialer Infrastructure which is an application used primarily by the Investor Relations group
 4.      Support for the PeopleSoft Infrastructure for Financials, HRMS, and Expense
systems.
 5.      Ongoing ‘On-call’ support for all Financials and Supply
Chain related applications noted below:
  
 Financials:
 a)      PeopleSoft 8.0
 b)      Smart Dialer
 c)      Sox Express/Open Pages
 d)      CorpTax ETS
 e)      Hyperion Enterprise/HFM
 f)      Informatica/FI-Hub
  
 Supply Chain:
 a)      PeopleSoft 8.0 (Epro, Inventory, Purchasing, Expenses)
 b)      Merkur/VSI Fax
 c)      Vertex
 d)      CAPS Online
	  	12	  	12/31/07	  	$	5,400

 NOTE: Fee based on use of Spectra Energy personnel. If contract resources are used, the actual resource cost will
apply. 
  

 B-14 

 CONFIDENTIAL 
  

 B 
  

	II.	SERVICES TERM 

 January 1, 2007 – December 31,
2007 
  

	III.	FEES 

 Fees for the level of service are included in the
Chart above. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

  

	 	•	 	 Spectra Energy will provide Duke Energy with a statement of services provided beyond the base fee for 0.5 FTE at time of monthly billing.

  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Steve Craft
 Phone: 713-627-4310
 Mobile: 713-447-4310
 Facsimile: 713-627-4066
 E-mail: swcraft@spectraenergy.com
	  	 Attn:
	  	 Stan Land
 Phone: 713-627-4515
 Mobile: 713-204-7397
 Facsimile: 713-627-4655
 E-mail: scland@duke-energy.com

  

 B-15 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-12 
  

			
	Service Name:	  	DUKE ENERGY REAL ESTATE SERVICES
		
	ID Number(s):	  	5

  

	I.	SCOPE OF SERVICES 

 Duke Energy leased space in 5400
Westheimer office. Rent for 69,851 RSF (Level 7 & portion of building common) to be paid by Duke Energy to Spectra Energy for specified term. Rent payment will include normal building services as described in this Schedule or the underlying
lease. 
 A sublease agreement shall be entered into incorporating the terms outlined in this Schedule. 
 The rent shall include the following: 
 McKinney
Street 
  

	 	•	 	 Facilities O&M cost (Base building operation / maintenance and Data Center equipment maintenance ) 

  

	 	•	 	 Data center (10,000 RSF) annual electrical cost. 

  

	 	•	 	 Temporary file / equipment storage 

  

	 	•	 	 Covered and card access controlled parking 

  

	 	•	 	 On site security officer (normal business hours) 

  

	 	•	 	 Card access controlled space 

  

	 	•	 	 Telcom / desktop support (reverse TSA per S.Pittman) 

  

	II.	SERVICES TERM 

 January 1, 2007 through
December 31, 2007, subject to either party’s right to terminate the lease early with at least 90 days prior written notice to the other party, provided that a notice for termination cannot occur prior to April 1, 2007. 
  

	III.	FEES 

 Monthly rent cost = $ 161,472 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Duke Energy to be subject
to terms and conditions noted in the underlying lease agreement between Spectra Energy and its landlord. 
  

 B-16 

 CONFIDENTIAL 
  

 B 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Paul Davis
 Phone: 713-627-5047
 Mobile: 713-703-6932
 Facsimile: 713-386-4043
 E-mail: dpdavis@duke-energy.com
	  	 Attn:
	  	 Cindy Young
 Phone: 704-382-0010
 Mobile: 704-989-8756
 Facsimile: 980-373-9770
 E-mail:
 cmyoung@duke-energy.com

  

 B-17 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-13 
  

			
	Service Name:	  	DUKE ENERGY – TELECOM, WORKSTATION, SERVER SERVICES
		
	ID Number(s):	  	55, 56, 57, 60, 192, 201

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will provide to Duke
Energy the following services for the duration and cost indicated: 
  

								
	 Service
	  	Duration
(Mo.)	  	End
Date	  	Cost /
Month
	Voice and data network connectivity for Duke Energy employees residing at Westheimer. Services include phone support, voice mail support and network connectivity. (R-55)	  	12	  	12/31/07	  	$	6,500
	Deskside support including workstation deployment and maintenance, and problem resolution based on Remedy tickets submitted. (R-56)	  	12	  	12/31/07	  	$	11,380
	Continued server and Lotus Notes environment support of PEC NAB (names & address book). (R-57)	  	12	  	12/31/07	  	$	420
	Server and database support for Notrix software (server TEHOUT01). ). (R-60)	  	12	  	12/31/07	  	$	420
	Server Support (R-201): Provide server support for Duke Application and data base servicers, including hardware and environmental support.	  	6	  	6/30/07	  	$	10,000

 NOTE: Rates based on use of Spectra Energy personnel. If contract resources are used, the actual resource cost
will apply. 
  

	II.	SERVICES TERM 

 January 1, 2007 – December 31,
2007 
  

	III.	FEES 

 Fees for the level of service are included in the
Chart above. 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Spectra Energy will provide
Duke Energy with a statement of services provided, along with associated fees, at time of monthly billing. 
  

 B-18 

 CONFIDENTIAL 
  

 B 
  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Steve Craft
 Phone: 713-627-4310
 Mobile: 713-447-4310
 Facsimile: 713-627-4066
 E-mail: swcraft@spectraenergy.com
	  	Attn:	  	 Stan Land
 Phone: 713-627-4515
 Mobile: 713-204-7397
 Facsimile: 713-627-4655
 E-mail: scland@duke-energy.com

  

 B-19 

 CONFIDENTIAL 
  

 B 
 SCHEDULE B-14 
  

			
	Service Name:	  	DUKE ENERGY LOGISTICS / FREIGHT TRANSPORTATION PROGRAM
		
	ID Number(s):	  	48

  

	I.	SCOPE OF SERVICES 

 Spectra Energy will administer a
transportation and logistics program in a timely and professional manner on behalf of Duke Energy to include services as follows: 
  

	 	•	 	 Arrange dedicated truck service on behalf of Duke Energy through the use of third party service companies. 

  

	 	•	 	 Coordinate plant outage transportation by planning equipment on-site schedule with outage coordinators, making all arrangements and follow-up through delivery of
goods. 

  

	 	•	 	 Negotiate and manage transportation related contracts including contracts with third party logistics (3PL) service companies. 

  

	 	•	 	 Maintain and continuously update the online routing guide and shipping matrix. 

  

	 	•	 	 Manage document retention program through the use of the Traffic Management database. 

  

	 	•	 	 Manage the accounting process for freight bill audit and payment services through third party service provider including the processing of two weekly invoices for
Duke Energy. 

  

	 	•	 	 Work with Duke Energy planning and design teams as consultant with regards to cargo transportation on major turn-key projects. 

  

	 	•	 	 Assist Duke Energy suppliers with routing of “Freight Collect” cargo and resolution of invoice discrepancies due to non-compliance with purchase order
instructions. 

  

	II.	SERVICES TERM 

 January 1, 2007 – December 31,
2007 
  

	III.	FEES 

 Monthly fee covering the defined scope of services =
$21,250. 
 Monthly fee is based on the 2007 budgeted costs and current permanent and temporary staffing levels. Any additional contractor staffing to
support Duke Energy will be incremental to the monthly fee and will be billed directly to Duke Energy. Any services provided beyond the defined of scope of services will be mutually agreed upon and approved by Duke Energy in advance. The monthly fee
excludes certain “pass-through” costs which are detailed in the Additional Terms and Conditions section. 
  

 B-20 

 CONFIDENTIAL 
  

 B 
  

	IV.	ADDITIONAL TERMS AND CONDITIONS 

 Duke Energy will be
responsible for all freight charges including 3PL service charges arranged by Spectra Energy Logistics and as charged by suppliers. Payment will be due directly to the service provider upon receipt by electronic funds transfer. 
 At the conclusion of TSA, all documents related to Duke Energy shipments will be sent freight collect to Duke Energy to be retained by Duke Energy for a minimum of seven
years from date of shipment. 
 In order for Spectra Energy Logistics to provide these services, it is agreed that, subject to establishment of security and
confidentiality restrictions determined by Duke Energy, Duke Energy will provide access to all purchasing systems (read only) and corporate accounts payable system (CAPS) to the extent reasonably required for Spectra Energy to provide such services.

  

	V.	CONTACTS 

  

							
	Service Provider:	  	Service Recipient:
				
	 Attn:
	  	 Roni Cappadonna
 Phone: 713-627-4778
 Mobile: 713-417-3961
 Facsimile: 713-386-4157
 E-mail: vacappadonna@spectraenergy.com
	  	 Attn:
	  	 James Chuber
 Phone: 704-382-5282
 Mobile:704-957-4774
 Facsimile: 704-382-3285
 E-mail: jwchuber@duke-energy.com

  

 B-21Employee Matters Agreement

 EXHIBIT 10.3 
 EXECUTION COPY 
 EMPLOYEE MATTERS AGREEMENT 
 by and between 
 DUKE ENERGY
CORPORATION 
 AND 
 SPECTRA ENERGY CORP 
 Dated as of December 13, 2006 

 EMPLOYEE MATTERS AGREEMENT 
 This EMPLOYEE MATTERS AGREEMENT (the “Agreement”) is entered into as of December 13, 2006, by and between Duke Energy Corporation,
a Delaware corporation (“Duke Energy”), and Spectra Energy Corp (f/k/a Gas SpinCo, Inc.), a Delaware corporation (“Spectra Energy”), each a “Party” and together, the “Parties”.

 R E C I T A L S: 
 WHEREAS, Duke Energy, acting through its direct and indirect Subsidiaries, currently conducts a number of businesses, including (i) the Gas Business, and (ii) the Power Business; 
 WHEREAS, the Board of Directors of Duke Energy has determined that it is appropriate, desirable and in the best interests of Duke Energy and its
stockholders to separate Duke Energy into two separate, independent and publicly traded companies, (i) one comprising the Gas Business, which shall be owned and conducted, directly or indirectly, by Spectra Energy, and (ii) one comprising
the Power Business, which shall continue to be owned and conducted, directly or indirectly, by Duke Energy; 
 WHEREAS, to effect this
separation the Parties entered into that certain Separation and Distribution Agreement dated as of even date hereof (as amended or otherwise modified from time to time, the “Separation Agreement”); and 
 WHEREAS, pursuant to the Separation Agreement, Duke Energy and Spectra Energy have agreed to enter into this Agreement for the purpose of allocating
Assets, Liabilities and responsibilities with respect to certain employee compensation and benefit plans and programs between and among them. 
 NOW, THEREFORE, in consideration of the foregoing premises, the mutual promises and covenants hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties,
intending to be legally bound, agree as follows: 
 ARTICLE I 
 DEFINITIONS AND INTERPRETATION 
 Section 1.1 Definitions. Capitalized terms used, but not
defined herein shall have the meanings assigned to such terms in the Separation Agreement and the following terms shall have the following meanings: 
 “Agreement” shall have the meaning ascribed thereto in the preamble to this Agreement. 
 “Benefit Plan” shall mean, with respect to an entity, each plan, program, arrangement, agreement or commitment that is an employment, consulting, non-competition or deferred compensation agreement, or an executive
compensation, incentive bonus or other bonus, 

  

 2 

 
employee pension, profit-sharing, savings, retirement, supplemental retirement, stock option, stock purchase, stock appreciation rights, restricted stock,
other equity-based compensation, severance pay, salary continuation, life, health, hospitalization, sick leave, vacation pay, disability or accident insurance plan, corporate-owned or key-man life insurance or other employee benefit plan, program,
arrangement, agreement or commitment, including any “employee benefit plan” (as defined in Section 3(3) of ERISA), sponsored or maintained by such entity (or to which such entity contributes or is required to contribute). 

“COBRA” shall mean the continuation coverage requirements for “group health plans” under Title X of the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended, and as codified in Code Section 4980B and Sections 601 through 608 of ERISA, together with all regulations and proposed regulations promulgated thereunder. 
 “Detrimental Conduct Provisions” shall mean any provisions that proscribe conduct of Duke Energy Employees, Spectra Energy Employees,
Former Duke Energy Employees or Former Spectra Energy Employees in their capacity as such, whether set forth in outstanding Duke Energy long-term incentive awards issued under the Duke Energy Stock Plans or otherwise, in each case as in effect from
time to time. 
 “DOL” shall mean the U.S. Department of Labor. 
 “Duke Energy” shall have the meaning ascribed thereto in the preamble to this Agreement. 
 “Duke Energy 401(k) Plan” shall mean the Duke Energy Retirement Savings Plan. 
 “Duke Energy Actuary” shall mean an independent actuary selected by Duke Energy. 
 “Duke Energy Benefit Plan” shall mean any Benefit Plan sponsored, maintained or contributed to by any member of the Duke Energy Group or
any ERISA Affiliate thereof immediately following the Distribution Date. 
 “Duke Energy Employee” shall mean any individual
who, immediately following the Distribution Date, remains employed by or will be employed by Duke Energy or any member of the Duke Energy Group, including active employees and employees on vacation and approved leave of absence (including maternity,
paternity, family, sick leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved leaves). 
 “Duke Energy Option” shall mean an option to purchase shares of Duke Energy Common Stock granted pursuant to one of the Duke Energy
Stock Plans. 
 “Duke Energy Participant” shall mean any individual who, immediately following the Distribution Date, is a
Duke Energy Employee, a Former Duke Energy Employee or a beneficiary, dependent or alternate payee of any of the foregoing. 
  

 3 

 “Duke Energy Performance Share” shall mean a unit granted by Duke Energy or one of its
Affiliates pursuant to one of the Duke Energy Stock Plans representing a general unsecured promise by Duke Energy or one of its Affiliates to deliver a share of Duke Energy Common Stock or dividend equivalents, if applicable (or the cash equivalent
of either), upon the satisfaction of a performance based vesting requirement. 
 “Duke Energy Phantom Stock Unit” shall mean
a unit granted by Duke Energy or one of its Affiliates pursuant to one of the Duke Energy Stock Plans representing a general unsecured promise by Duke Energy or one of its Affiliates to deliver a share of Duke Energy Common Stock or dividend
equivalents, if applicable (or the cash equivalent of either), upon the satisfaction of a vesting requirement (other than performance based vesting requirements). 
 “Duke Energy Reimbursement Account Plan” shall have the meaning ascribed thereto in Section 5.1(c) of this Agreement. 
 “Duke Energy Restricted Share” shall mean a share of Duke Energy Common Stock granted by Duke Energy or one of its Affiliates pursuant
to one of the Duke Energy Stock Plans that is subject to forfeiture based on the extent of attainment of a vesting requirement. 
 “Duke Energy Retained Claim” shall have the meaning ascribed thereto in Section 8.4(a) of this Agreement. 
 “Duke Energy Retirement Plan” shall mean the Duke Energy Retirement Cash Balance Plan. 
 “Duke Energy
RLR” means the retired lives reserve described in that certain Qualified Asset Account Agreement by and between Duke Power Company and Pilot Life Insurance Company and executed by Duke Power Company on December 8, 1986 and Pilot Life
Insurance Company on December 12, 1986, as it may have been amended from time to time. 
 “Duke Energy Service Plans”
shall mean, collectively, the Duke Energy Retirement Plan, the Duke Energy 401(k) Plan, the Duke Energy Severance Plans and welfare benefit plans maintained by a member of the Duke Energy Group to the extent eligibility for or level of benefits
thereunder is dependent upon length of service, including the Duke Energy vacation, sick and retiree medical, dental and life programs. 
 “Duke Energy Severance Plans” shall mean, collectively, the plans listed on Schedule A attached hereto. 
 “Duke Energy SRP” shall mean, collectively, the plans listed on Schedule B attached hereto. 
 “Duke Energy
Stock Plans” shall mean, collectively, the Duke Energy Corporation 2006 Long-Term Incentive Plan, the Duke Energy Corporation 1998 Long-Term Incentive Plan, the Duke Energy Stock Incentive Option, the 1989 Westcoast Energy Inc. Long-Term
Incentive Share Option Plan, the Cinergy Corp. 1996 Long-Term Incentive Compensation Plan, the Cinergy Corp. Stock Option Plan, the Panhandle Eastern Corporation 1994 Long Term Incentive Plan and any 

  

 4 

 
other stock option or stock incentive compensation plan or arrangement maintained before the Distribution Date for employees, officers, non-employee
directors or other independent contractors of Duke Energy or its Affiliates, as amended (exclusive of the Spectra Energy Stock Plan and the 2006 Westcoast Energy, Inc. Long-Term Incentive Plan). 
 “Duke Energy Welfare Plans” shall have the meaning ascribed thereto in Section 5.1(a) of this Agreement. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
 “ERISA Affiliate” shall mean with respect to any Person, each business or entity which is a member of a “controlled group of
corporations,” under “common control” or a member of an “affiliated service group” with such Person within the meaning of Sections 414(b), (c) or (m) of the Code, or required to be aggregated with such Person under
Section 414(o) of the Code, or under “common control” with such Person within the meaning of Section 4001(a)(14) of ERISA. 
 “Estimated Retirement Plan Transfer Amount” shall have the meaning ascribed thereto in Section 3.2(b)(ii) of this Agreement. 
 “Final Retirement Plan Transfer Amount” shall have the meaning ascribed thereto in Section 3.2(b)(iv) of this Agreement. 
 “Final Transfer Date” shall have the meaning ascribed thereto in Section 3.2(b)(v) of this Agreement. 
 “Financed Nonqualified Plans” shall mean the plans listed on Schedule C attached hereto. 
 “Former Duke Energy Employee” shall mean, as of the Distribution Date, any individual listed on Exhibit A attached hereto or otherwise
described pursuant to the rules contained on Exhibit A attached hereto. 
 “Former Spectra Energy Employee” shall mean, as
of the Distribution Date, any individual listed on Exhibit B attached hereto or otherwise described pursuant to the rules contained on Exhibit B attached hereto. 
 “HIPAA” shall mean the Health Insurance Portability and Accountability Act of 1996, as amended. 
 “Initial Transfer Amount” shall have the meaning ascribed thereto in Section 3.2(b)(iii) of this Agreement. 
 “IRS” shall mean the U.S. Internal Revenue Service. 
 “New York Courts” shall have the meaning
ascribed thereto in Section 12.11 of this Agreement. 
  

 5 

 “Participating Company” shall mean Duke Energy or any Person (other than an individual)
participating in a Duke Energy Benefit Plan. 
 “Parties” shall have the meaning ascribed thereto in the preamble to this
Agreement. 
 “Post-Distribution Duke Energy Option” shall have the meaning ascribed thereto in Section 7.1(a) of this
Agreement. 
 “Post-Distribution Duke Energy Stock Price” shall mean the price of one share of Duke Energy Common Stock, as
determined based on the methodology set out in Schedule I attached hereto. 
 “Post-Distribution Spectra Energy Stock Price”
shall mean the price of one share of Spectra Energy Common Stock, as determined based on the methodology set out in Schedule I attached hereto. 
 “Pre-Distribution Duke Energy Option Price” shall have the meaning ascribed thereto in Section 7.1(b) of this Agreement. 
 “Rabbi Trust” shall, when immediately preceded by “Duke Energy,” mean, collectively, the trusts established in connection with the nonqualified deferred compensation plans maintained by the
Duke Energy Group and the Spectra Energy Group immediately before the Distribution (including the trusts established in connection with the Duke Energy SRP and the Spectra Energy Retained SRP) and, when immediately preceded by “Spectra
Energy,” means the trust or trusts to be established by Spectra Energy pursuant to Section 6.2(a) of this Agreement. 
 “Revised Retirement Plan Transfer Amount” shall have the meaning ascribed thereto in Section 3.2(b)(iv) hereof. 
 “Section 401(h) Amount” shall have the meaning ascribed thereto in Section 3.2(e) of this Agreement. 
 “Separation Agreement” shall have the meaning ascribed thereto in the recitals to this Agreement. 
 “Service Crediting Date” shall have the meaning ascribed thereto in Section 2.4(b)(i) of this Agreement. 
 “Spectra Energy” shall have the meaning ascribed thereto in the preamble to this Agreement. 
 “Spectra
Energy 401(k) Plan” shall have the meaning ascribed thereto in Section 4.1(a) of this Agreement. 
 “Spectra Energy
Actuary” shall mean an independent actuary selected by Spectra Energy. 
  

 6 

 “Spectra Energy Benefit Plan” shall mean any Benefit Plan sponsored, maintained or
contributed to by any member of the Spectra Energy Group or any ERISA Affiliate thereof immediately following the Distribution Date, including the Spectra Energy Retirement Plan, the Spectra Energy 401(k) Plan, the Spectra Energy Reimbursement
Account Plan, the Spectra Energy Nonqualified Plans, the Spectra Energy Severance Plans and the Spectra Energy Welfare Plans. 
 “Spectra Energy Employee” shall mean an active employee or an employee on vacation or on approved leave of absence (including maternity, paternity, family, sick leave, qualified military service under the Uniformed Services
Employment and Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved leaves) who, immediately following the Distribution Date, is employed by or will be employed by Spectra Energy or any member of the
Spectra Energy Group. 
 “Spectra Energy Nonqualified Plans” shall have the meaning ascribed thereto in Section 6.1(b)
of this Agreement. 
 “Spectra Energy Option” shall mean an option to purchase shares of Spectra Energy Common Stock as of
the Distribution, which shall be issued pursuant to the Spectra Energy Stock Plan as part of the adjustment to Duke Energy Options in connection with the Distribution. 
 “Spectra Energy Participant” shall mean any individual who, immediately following the Distribution Date, is a Spectra Energy Employee, a Former Spectra Energy Employee, or a beneficiary, dependent or
alternate payee of any of the foregoing. 
 “Spectra Energy Performance Share” shall mean a unit issued by Spectra Energy or
one of its Affiliates representing a general unsecured promise by Spectra Energy or one of its Affiliates to deliver a share of Spectra Energy Common Stock or dividend equivalents, if applicable (or the cash equivalent of either), upon the
satisfaction of a performance based vesting requirement, which unit is issued pursuant to the Spectra Energy Stock Plan as part of the adjustment to Duke Energy Performance Shares in connection with the Distribution. 
 “Spectra Energy Phantom Stock Unit” shall mean a unit issued by Spectra Energy or one of its Affiliates representing a general unsecured
promise by Spectra Energy or one of its Affiliates to deliver a share of Spectra Energy Common Stock or dividend equivalents, if applicable (or the cash equivalent of either), upon the satisfaction of a vesting requirement, which unit is issued
pursuant to the Spectra Energy Stock Plan as part of the adjustment to Duke Energy Phantom Stock Units in connection with the Distribution. 
 “Spectra Energy Ratio” shall have the meaning ascribed thereto in Section 7.1(b) of this Agreement. 
 “Spectra Energy Reimbursement Account Plan” shall have the meaning ascribed thereto in Section 5.1(c) of this Agreement. 
 “Spectra Energy Restricted Share” shall mean a share of Spectra Energy Common Stock that is subject to forfeiture based on the extent of attainment of a vesting requirement, which share is issued
pursuant to the Spectra Energy Stock Plan as part of the adjustment to Duke Energy Restricted Shares in connection with the Distribution. 
  

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 “Spectra Energy Retirement Plan” shall have the meaning ascribed thereto in
Section 3.1 of this Agreement. 
 “Spectra Energy Retirement Plan Participants” shall have the meaning ascribed thereto
in Section 3.1 of this Agreement. 
 “Spectra Energy Service Plans” shall mean, collectively, the Spectra Energy
Retirement Plan, the Spectra Energy 401(k) Plan, the Spectra Energy Severance Plans and welfare benefit plans maintained by a member of the Spectra Energy Group to the extent eligibility for or level of benefits thereunder is dependent upon length
of service, including the Spectra Energy vacation, sick and retiree medical, dental and life programs. 
 “Spectra Energy Severance
Plans” shall have the meaning ascribed thereto in Section 8.3(a) of this Agreement. 
 “Spectra Energy Stock
Plan” shall have the meaning ascribed thereto in Section 2.5 of this Agreement. 
 “Spectra Energy Welfare
Plans” shall have the meaning ascribed thereto in Section 5.1(a) of this Agreement. 
 “True-Up Amount” shall
have the meaning ascribed thereto in Section 3.2(b)(v) of this Agreement. 
 “U.S.” shall mean the United States of
America. 
 “VEBA” shall, when immediately preceded by “Duke Energy,” mean, collectively, the Trust Agreement For
Duke Energy Corporation Welfare Benefits Trust VEBA I and the Trust Agreement for Duke Energy Corporation Post-Retirement Medical Benefits Trust VEBA II, which are intended to be voluntary employees’ beneficiary associations under
Section 501(c)(9) of the Code and, when immediately preceded by “Spectra Energy,” means the voluntary employees’ beneficiary association trust or trusts to be established by Spectra Energy pursuant to Section 5.2(a) of this
Agreement. 
 1.2 References; Interpretation. References in this Agreement to any gender include references to all genders, and
references to the singular include references to the plural and vice versa. Unless the context otherwise requires, the words “include”, “includes” and “including” when used in this Agreement shall be deemed to be
followed by the phrase “without limitation”. Unless the context otherwise requires, references in this Agreement to Articles, Sections, Annexes, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Annexes,
Exhibits and Schedules to, this Agreement. Unless the context otherwise requires, the words “hereof”, “hereby” and “herein” and words of similar meaning when used in this Agreement refer to this Agreement in its
entirety and not to any particular Article, Section or provision of this Agreement. 
  

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 ARTICLE II 
 GENERAL PRINCIPLES 
 Section 2.1 Assumption and Retention of Liabilities; Related Assets.

 (a) As of the Effective Time, except as otherwise expressly provided for in this Agreement, Duke Energy shall, or shall
cause one or more members of the Duke Energy Group to, assume or retain and Duke Energy hereby agrees to pay, perform, fulfill and discharge, in due course in full (i) all Liabilities under all Duke Energy Benefit Plans, (ii) all
Liabilities (excluding Liabilities incurred under a Benefit Plan except as otherwise provided in this Agreement) with respect to the employment, service, termination of employment or termination of service of all Duke Energy Employees and Former
Duke Energy Employees and their dependents and beneficiaries (and any alternate payees in respect thereof) and other service providers (including any individual who is, or was, an independent contractor, temporary employee, temporary service worker,
consultant, freelancer, agency employee, leased employee, on-call worker, incidental worker, or non-payroll worker of any member of the Duke Energy Group or in any other employment, non-employment, or retainer arrangement, or relationship with any
member of the Duke Energy Group or whose employment or service is or was otherwise primarily associated with the Power Business), in each case to the extent arising in connection with or as a result of employment with or the performance of services
for any member of the Duke Energy Group or Spectra Energy Group, and (iii) any other Liabilities or obligations expressly assigned to Duke Energy or any of its Affiliates under this Agreement. For purposes of clarification, the Liabilities
assumed or retained by the Duke Energy Group as provided for in this Section 2.1(a) are intended to be Power Liabilities as such term is defined in the Separation Agreement. 
 (b) As of the Effective Time, except as otherwise expressly provided for in this Agreement, Spectra Energy shall, or shall cause one or
more members of the Spectra Energy Group to, assume or retain, as applicable, and Spectra Energy hereby agrees to pay, perform, fulfill and discharge, in due course in full (i) all Liabilities under all Spectra Energy Benefit Plans,
(ii) all Liabilities (excluding Liabilities incurred under a Benefit Plan except as otherwise provided in this Agreement) with respect to the employment, service, termination of employment or termination of service of all Spectra Energy
Employees and Former Spectra Energy Employees and their dependents and beneficiaries (and any alternate payees in respect thereof) and other service providers (including any individual who is, or was, an independent contractor, temporary employee,
temporary service worker, consultant, freelancer, agency employee, leased employee, on-call worker, incidental worker, or non-payroll worker of any member of the Spectra Energy Group or in any other employment, non-employment, or retainer
arrangement, or relationship with any member of the Spectra Energy Group or whose employment or service is or was otherwise primarily associated with the Gas Business), in each case to the extent arising in connection with or as a result of
employment with or the performance of services for any member of the Duke Energy Group or Spectra Energy Group, and (iii) any other Liabilities or obligations expressly assigned to Spectra Energy or any of its Affiliates under this Agreement.
For purposes of clarification, the Liabilities assumed or retained by the Spectra Energy Group as provided for in this Section 2.1(b) are intended to be Gas Liabilities as such term is defined in the Separation Agreement. 
  

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 (c) From time to time after the Distribution, Spectra Energy shall promptly reimburse
Duke Energy, upon Duke Energy’s reasonable request and the presentation by Duke Energy of such substantiating documentation as Spectra Energy shall reasonably request, for the cost of any obligations or Liabilities satisfied or assumed by Duke
Energy or its Affiliates that are, or that have been made pursuant to this Agreement, the responsibility of Spectra Energy or any of its Affiliates. Except as otherwise provided in Section 5.1(f)(ii) of this Agreement, any such request for
reimbursement must be made by Duke Energy not later than the first anniversary of the Distribution. 
 (d) From time to time
after the Distribution, Duke Energy shall promptly reimburse Spectra Energy, upon Spectra Energy’s reasonable request and the presentation by Spectra Energy of such substantiating documentation as Duke Energy shall reasonably request, for the
cost of any obligations or Liabilities satisfied or assumed by Spectra Energy or its Affiliates that are, or that have been made pursuant to this Agreement, the responsibility of Duke Energy or its Affiliates. Any such request for reimbursement must
be made by Spectra Energy not later than the first anniversary of the Distribution. 
 (e) All Liabilities under all Duke
Energy Benefit Plans and Spectra Energy Benefit Plans and all Liabilities (excluding Liabilities incurred under a Benefit Plan except as otherwise provided in this Agreement) with respect to the employment, service, termination of employment or
termination of service of all Duke Energy Employees, Former Duke Energy Employees, Spectra Energy Employees and Former Spectra Energy Employees and their dependents and beneficiaries (and any alternate payees in respect thereof) and other service
providers (including any individual who is, or was, an independent contractor, temporary employee, temporary service worker, consultant, freelancer, agency employee, leased employee, on-call worker, incidental worker, or non-payroll worker of any
member of the Duke Energy Group or Spectra Energy Group or in any other employment, non-employment, or retainer arrangement, or relationship with any member of the Duke Energy Group or Spectra Energy Group), in each case to the extent arising in
connection with or as a result of employment with or the performance of services for any member of the Duke Energy Group or Spectra Energy Group, that are not allocated pursuant to the terms of this Agreement shall be treated as Unallocated
Liabilities under the Separation Agreement. 
 Section 2.2 Spectra Energy Participation in Duke Energy Benefit Plans. Except as
otherwise expressly provided for in this Agreement or as otherwise expressly agreed to in writing between the Parties, (i) effective as of the Distribution Date, Spectra Energy and each member of the Spectra Energy Group shall cease to be a
Participating Company in any Duke Energy Benefit Plan, and (ii) each Spectra Energy Participant and any other service providers (including any individual who is, or was, an independent contractor, temporary employee, temporary service worker,
consultant, freelancer, agency employee, leased employee, on-call worker, incidental worker, or nonpayroll worker of any member of the Duke Energy Group or the Spectra Energy Group or in any other employment, non-employment, or retainer arrangement,
or relationship with any member of the Duke Energy Group or the Spectra Energy Group), effective as of the 

  

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Distribution Date, shall cease to participate in, be covered by, accrue benefits under, be eligible to contribute to or have any rights under any Duke Energy
Benefit Plan, and Duke Energy and Spectra Energy shall take all necessary action to effectuate each such cessation. 
 Section 2.3
Comparable Compensation and Benefits. Except as otherwise agreed to by Duke Energy, Spectra Energy (acting directly or through its Affiliates) initially intends to provide Spectra Energy Employees with compensation opportunities (including
salary, wages, commissions and bonus opportunities) and employee benefits that are generally comparable, in the aggregate, to the compensation opportunities and employee benefits to which such Spectra Energy Employees were entitled to immediately
prior to the Distribution Date. 
 Section 2.4 Service Recognition. 
 (a) Pre-Distribution Service Credit. Spectra Energy shall give each Spectra Energy Participant full credit for purposes of
eligibility, vesting, determination of level of benefits, and, to the extent applicable, benefit accruals under any Spectra Energy Benefit Plan for such Spectra Energy Participant’s service with any member of the Duke Energy Group prior to the
Distribution Date to the same extent such service was recognized by the applicable Duke Energy Benefit Plans immediately prior to the Distribution Date; provided, that, such service shall not be recognized to the extent that such
recognition would result in the duplication of benefits. 
 (b) Post-Distribution Reciprocal Service Crediting. Each of
Duke Energy and Spectra Energy (acting directly or through their respective Affiliates) shall cause each of the Duke Energy Service Plans and the Spectra Energy Service Plans, respectively, to provide the following service crediting rules effective
as of the Distribution Date: 
 (i) If a Duke Energy Employee who participates in any of the Duke Energy Service Plans becomes
employed by a member of the Spectra Energy Group prior to the first anniversary of the Distribution Date (or such later date as mutually agreed to by the Parties) (the “Service Crediting Date”) and such Duke Energy Employee is
continuously employed by the Duke Energy Group from the Distribution Date through the date such Duke Energy Employee commences active employment with a member of the Spectra Energy Group, then such Duke Energy Employee’s service with the Duke
Energy Group following the Distribution Date shall be recognized for purposes of eligibility, vesting and level of benefits under the appropriate Spectra Energy Service Plans, in each case to the same extent as such Duke Energy Employee’s
service with the Duke Energy Group was recognized under the corresponding Duke Energy Service Plans. 
 (ii) If a Duke Energy
Employee who participates in any of the Duke Energy Service Plans becomes employed by a member of the Spectra Energy Group either (A) on or after the Service Crediting Date or (B) without having been continuously employed by the Duke
Energy Group from the Distribution Date through the date such Duke Energy Employee commences active employment with a member of the Spectra Energy Group, then, except to the extent required by applicable Law, such individual’s service with the
Duke Energy Group following the Distribution Date will not be recognized for any purpose under any Spectra Energy Service Plan. 
  

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 (iii) If a Spectra Energy Employee who participates in any of the Spectra Energy Service
Plans becomes employed by a member of the Duke Energy Group prior to the Service Crediting Date and such Spectra Energy Employee is continuously employed by the Spectra Energy Group from the Distribution Date through the date such Spectra Energy
Employee commences active employment with a member of the Duke Energy Group, then such Spectra Energy Employee’s service with the Spectra Energy Group following the Distribution Date shall be recognized for purposes of eligibility, vesting and
level of benefits under the appropriate Duke Energy Service Plans, in each case to the same extent as such Spectra Energy Employee’s service with the Spectra Energy Group was recognized under the corresponding Spectra Energy Service Plans.

 (iv) If a Spectra Energy Employee who participates in any of the Spectra Energy Service Plans becomes employed by a member
of the Duke Energy Group either (A) on or after the Service Crediting Date or (B) without having been continuously employed by the Spectra Energy Group from the Distribution Date through the date such Spectra Energy Employee commences
active employment with a member of the Duke Energy Group, then the corresponding Duke Energy Service Plans will only take into consideration such individual’s service with the Duke Energy Group and the Spectra Energy Group, in each case, prior
to the Distribution Date and, thus, except to the extent required by applicable Law, such Spectra Energy Employee’s service with the Spectra Energy Group following the Distribution Date will not be recognized for any purpose under any Duke
Energy Service Plan. 
 (v) Nothing herein shall limit Duke Energy or Spectra Energy or their respective Affiliates from
recognizing service in addition to the recognition of service required hereunder. 
 Section 2.5 Approval by Duke Energy As Sole
Stockholder. Effective as of the Distribution Date, Spectra Energy shall have adopted the Spectra Energy 2007 Long-Term Incentive Plan (the “Spectra Energy Stock Plan”) which shall permit the issuance of long-term incentive
awards that have material terms and conditions substantially similar to those long-term incentive awards issued under the relevant Duke Energy Stock Plans that are to be substituted with Spectra Energy long-term incentive awards in connection with
the Distribution. The Spectra Energy Stock Plan and the annual incentive plan adopted by Spectra Energy in accordance with Section 8.1(c) of this Agreement shall be approved prior to the Distribution by Duke Energy as Spectra Energy’s sole
shareholder. 
 Section 2.6 Transfer of Assets. Assets, if any, attributable to the Liabilities referenced in the preceding
provisions of this Article II shall be allocated (if applicable) as provided in the remaining provisions of this Agreement. 
  

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 ARTICLE III 
 U.S. QUALIFIED DEFINED BENEFIT PLAN 
 Section 3.1 Establishment of Spectra Energy Plan.
Effective as of the Distribution Date, Spectra Energy shall, or shall have caused one or more members of the Spectra Energy Group to, establish a defined benefit pension plan and related trust to provide retirement benefits to Spectra Energy
Participants who immediately prior to the Distribution Date were participants in, or entitled to present or future benefits (except as provided in Section 3.2(d) of this Agreement, whether or not vested) under, the Duke Energy Retirement Plan
(such defined benefit pension plan, the “Spectra Energy Retirement Plan” and such Spectra Energy Participants, the “Spectra Energy Retirement Plan Participants”). Spectra Energy shall be responsible for taking all
necessary, reasonable, and appropriate action to establish, maintain and administer the Spectra Energy Retirement Plan so that it is qualified under Section 401(a) of the Code and that the related trust thereunder is exempt under
Section 501(a) of the Code. Spectra Energy (acting directly or through its Affiliates) shall be responsible for any and all Liabilities (including Liability for funding) and other obligations with respect to the Spectra Energy Retirement Plan.

 Section 3.2 Spectra Energy Participants. 
 (a) Assumption of Duke Energy Retirement Plan Liabilities. Effective as of the Distribution Date, Spectra Energy (acting directly
or through its Affiliates) hereby agrees to cause the Spectra Energy Retirement Plan to assume, fully perform, pay and discharge, all Liabilities under the Duke Energy Retirement Plan relating to all Spectra Energy Retirement Plan Participants as of
the Distribution Date. 
 (b) Transfer of Duke Energy Retirement Plan Assets. 
 (i) The Parties intend that the portion of the Duke Energy Retirement Plan covering Spectra Energy Retirement Plan Participants shall be
transferred to the Spectra Energy Retirement Plan in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(l)-1, and Section 208 of ERISA. Any surplus Assets under the Duke Energy Retirement Plan (i.e., any
Assets held under the Duke Energy Retirement Plan that are in excess of the Assets required to be allocated to the Duke Energy Retirement Plan and the Spectra Energy Retirement Plan in accordance with the preceding sentence) shall be transferred to
the Spectra Energy Retirement Plan in the same proportion as the other Assets of the Duke Energy Retirement Plan are transferred to the Spectra Energy Retirement Plan in accordance with the succeeding provisions of this subsection (b)). No later
than thirty (30) days prior to the Distribution Date, Duke Energy and Spectra Energy (acting directly or through their respective Affiliates) shall, to the extent necessary, file an IRS Form 5310-A regarding the transfer of Assets and
Liabilities from the Duke Energy Retirement Plan to the Spectra Energy Retirement Plan. 
 (ii) Prior to the Distribution Date
(or such later time as mutually agreed by the Parties), Duke Energy shall cause the Duke Energy Actuary to determine the estimated value, as of the Distribution Date, of the Assets to be transferred to the Spectra Energy Retirement Plan in
accordance with the assumptions and valuation methodology set forth on Schedule D attached hereto (the “Estimated Retirement Plan Transfer Amount”). 
  

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 (iii) Not later than ten (10) Business Days following the Distribution Date (or such
later time as mutually agreed by the Parties), Duke Energy and Spectra Energy (each acting directly or through their respective Affiliates) shall cooperate in good faith to cause an initial transfer of Assets from the Duke Energy Retirement Plan to
the Spectra Energy Retirement Plan in an amount equal (as determined in the discretion of Duke Energy) to not less than eighty-five percent (85%) and not more than ninety-five percent (95%) of the Estimated Retirement Plan Transfer Amount
(such amount, the “Initial Transfer Amount”). Duke Energy shall satisfy its obligation pursuant to this Section 3.2(b)(iii) by causing the Duke Energy Retirement Plan to transfer Assets, in kind, equal to the Initial Transfer
Amount. 
 (iv) Within one hundred eighty (180) days (or such later time as mutually agreed by the Parties) following the
Distribution Date, Duke Energy shall cause the Duke Energy Actuary to provide Spectra Energy with a revised calculation of the value, as of the Distribution Date, of the Assets to be transferred to the Spectra Energy Retirement Plan determined in
accordance with the assumptions and valuation methodology set forth on Schedule D attached hereto (the “Revised Retirement Plan Transfer Amount”). Spectra Energy may submit, at its sole cost and expense, the Revised Retirement Plan
Transfer Amount to the Spectra Energy Actuary for verification; provided, that, such verification process and any calculation performed by the Spectra Energy Actuary in connection therewith shall be performed solely on the basis of the
assumptions and valuation methodology set forth on Schedule D attached hereto. In order to perform such verification, upon request from Spectra Energy, the Spectra Energy Actuary will receive the data and additional detailed methodology used to
calculate the Initial Transfer Amount and the Final Retirement Plan Transfer Amount (if reasonably needed) from the Duke Energy Actuary. Spectra Energy will be responsible for the cost and expense of the Spectra Energy Actuary and Duke Energy will
be responsible for the cost and expense for the Duke Energy Actuary for such data transfer. In the event the Spectra Energy Actuary so determines that the value, as of the Distribution Date, of the Assets to be transferred to the Spectra Energy
Retirement Plan differs from the Revised Retirement Plan Transfer Amount, the Spectra Energy Actuary shall identify in writing to the Duke Energy Actuary all objections to the determination within sixty (60) days following provision of the
revised value calculation to Spectra Energy pursuant to the first sentence of this paragraph (iv), and the Spectra Energy Actuary and Duke Energy Actuary shall use good faith efforts to reconcile any such difference. If the Spectra Energy Actuary
and the Duke Energy Actuary fail to reconcile such difference, the Spectra Energy Actuary and the Duke Energy Actuary shall jointly designate a third, independent actuary whose calculation of the value, as of the Distribution Date, of the Assets to
be transferred to the Spectra Energy Retirement Plan shall be final and binding; provided, that, such calculation must be performed within sixty (60) days following designation of such third actuary and in accordance with the
assumptions and valuation methodology set forth on Schedule D attached hereto; and provided, further, that such value shall be between the value determined by the Spectra Energy Actuary and the Revised Retirement Plan Transfer Amount
or equal to either such value. Duke Energy and Spectra Energy shall each pay one-half of the costs incurred in connection with the retention of such independent actuary. The final, verified value, as of the Distribution Date, of the Assets to be
transferred to the Spectra Energy Retirement Plan as determined in accordance with this Section 3.2(b)(iv) shall be referred to herein as the “Final Retirement Plan Transfer Amount.” 
 (v) Within forty-five (45) days (or such later time as mutually agreed by the Parties) of the determination of the Final Retirement
Plan Transfer Amount, Duke Energy shall cause the Duke Energy Retirement Plan to transfer to the Spectra Energy Retirement Plan (the date 

  

 14 

 
of such transfer, the “Final Transfer Date”) an amount (as determined by Duke Energy in its discretion, in kind, in cash, cash-like
securities or other cash equivalents), equal to (A) the Final Retirement Plan Transfer Amount minus (B) the Initial Transfer Amount (such difference, as adjusted to reflect earnings or losses as described below, the “True-Up
Amount”); provided, that, in the event the True-Up Amount is negative, Duke Energy shall not be required to cause any such additional transfer and instead Spectra Energy shall be required to cause a transfer of cash, cash-like
securities or other cash equivalents (or, if determined by Duke Energy in its discretion, assets in kind) from the Spectra Energy Retirement Plan to the Duke Energy Retirement Plan in amount equal to the True-Up Amount. The Parties acknowledge that
the Duke Energy Retirement Plan’s transfer of the True-Up Amount to the Spectra Energy Retirement Plan shall be in full settlement and satisfaction of the obligations of Duke Energy to cause the transfer of, and the Duke Energy Retirement Plan
to transfer, Assets to the Spectra Energy Retirement Plan pursuant to this Section 3.2(b)(v). 
 The True-Up Amount shall be paid from
the Duke Energy Retirement Plan to the Spectra Energy Retirement Plan, as determined by Duke Energy in its discretion in kind, in cash, cash-like securities or other cash equivalents, and shall be adjusted to reflect earnings or losses during the
period from the Distribution Date to the Final Transfer Date. Such earnings or losses shall be determined based on the actual rate of return of the Duke Energy Retirement Plan for the period commencing on the first day of the calendar month in which
the Distribution Date occurs and ending on the last calendar day of the month ending immediately prior to the Final Transfer Date. Earnings or losses for the period from such last day of the month to the Final Transfer Date shall be based on the
actual rate of return of the Duke Energy Retirement Plan during the last calendar month ending immediately prior to the Final Transfer Date determined as of the date that is as close as administratively practicable to the Final Transfer Date. In the
event that Spectra Energy is obligated to cause the Spectra Energy Retirement Plan to reimburse the Duke Energy Retirement Plan pursuant to this Section 3.2(b)(v), such reimbursement shall be performed in accordance with the same principles set
forth herein with respect to the payment of the True-Up Amount. The Parties acknowledge that the Spectra Energy Retirement Plan’s transfer of such reimbursement amount to the Duke Energy Retirement Plan shall be in full settlement and
satisfaction of the obligations of Spectra Energy to cause the transfer of, and the Spectra Energy Retirement Plan to transfer, Assets to the Duke Energy Retirement Plan pursuant to this Section 3.2(b)(v). 
 (c) Continuation of Elections. As of the Distribution Date, Spectra Energy (acting directly or through its Affiliates) shall cause
the Spectra Energy Retirement Plan to recognize and maintain all existing elections, including, but not limited to, beneficiary designations, payment form elections and rights of alternate payees under qualified domestic relations orders with
respect to Spectra Energy Retirement Plan Participants under the Duke Energy Retirement Plan. 
 (d) Terminated Non-Vested
Employees. Notwithstanding anything herein to the contrary, the Duke Energy Retirement Plan will retain all Liabilities (if any) earned under the Duke Energy Retirement Plan in respect of any individual who becomes employed by any member of the
Spectra Energy Group following the Distribution Date and whose employment with the Duke Energy Group terminated on or before the Distribution Date with no vested benefit under the Duke Energy Retirement Plan. 
  

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 (e) 401(h) Accounts. The calculations of the Estimated Retirement Plan Transfer
Amount and the Final Retirement Plan Transfer Amount described above shall be determined without regard to the value of retiree health benefit Liabilities that are funded in whole or in part through the account maintained under the Duke Energy
Retirement Plan pursuant to Section 401(h) of the Code. Within one hundred eighty (180) days (or such later time as mutually agreed by the Parties) following the Distribution Date, Duke Energy shall cause the present value of such amount
(the “Section 401(h) Amount”) to be determined as of the Distribution Date by the Duke Energy Actuary using the actuarial assumptions set forth in Schedule E attached hereto (subject to the same dispute resolution procedures that
apply in respect of the Final Retirement Plan Transfer Amount pursuant to Section 3.2 (b)(iv) above). On or before the Final Transfer Date (and subject to the same provisions regarding transfer of the True-Up Amount), Duke Energy shall cause
the Duke Energy Retirement Plan to transfer to the Spectra Energy Retirement Plan a portion of the Assets in the account maintained in the Duke Energy Retirement Plan pursuant to Section 401(h) of the Code, which portion shall be determined as
provided in Schedule E attached hereto. 
 Section 3.3 Certain Annuities. Effective as of the Distribution Date, Duke Energy
shall assign to Spectra Energy, and Spectra Energy shall assume, all rights and obligations under the annuity contracts set forth on Schedule F attached hereto. 
 ARTICLE IV 
 U.S. QUALIFIED DEFINED CONTRIBUTION PLAN 
 Section 4.1 Duke Energy 401(k) Plan; Spectra Energy 401(k) Plan. 
 (a) Establishment of the Spectra Energy 401(k) Plan. Effective as of the Distribution Date, Spectra Energy shall, or shall have
caused one of its Affiliates to, establish a defined contribution plan and trust for the benefit of Spectra Energy Participants (the “Spectra Energy 401(k) Plan”). Spectra Energy shall be responsible for taking all necessary,
reasonable and appropriate action to establish, maintain and administer the Spectra Energy 401(k) Plan so that it is qualified under Section 401(a) of the Code and that the related trust thereunder is exempt under Section 501(a) of the
Code. Spectra Energy (acting directly or through its Affiliates) shall be responsible for any and all Liabilities and other obligations with respect to the Spectra Energy 401(k) Plan. 
 (b) Transfer of Duke Energy 401(k) Plan Assets. Not later than thirty (30) days following the Distribution Date (or such later
time as mutually agreed by the Parties), Duke Energy shall cause the accounts (including any outstanding loan balances) in the Duke Energy 401(k) Plan attributable to Spectra Energy Participants and all of the Assets in the Duke Energy 401(k) Plan
related thereto to be transferred in-kind to the Spectra Energy 401(k) Plan, and Spectra Energy shall cause the Spectra Energy 401(k) Plan to accept such transfer of accounts and underlying Assets and, effective as of the date of such transfer, to
assume and to fully perform, pay and discharge, all obligations of the Duke Energy 401(k) Plan relating to the accounts of Spectra Energy Participants (to the extent the Assets related to those accounts are actually transferred from the Duke Energy
401(k) Plan to the Spectra Energy 401(k) Plan) as of the Distribution Date. The transfer of Assets shall be conducted in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(1)-1, and Section 208 of ERISA.

  

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 (c) Continuation of Elections. As of the Distribution Date, Spectra Energy (acting
directly or through its Affiliates) shall cause the Spectra Energy 401(k) Plan to recognize and maintain all Duke Energy 401(k) Plan elections, including, but not limited to, deferral, investment, and payment form elections, ESOP dividend elections,
beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to Spectra Energy Participants, to the extent such election or designation is available under the Spectra Energy 401(k) Plan.

 (d) Employer Securities. To the extent not already required by applicable Law, Duke Energy and Spectra Energy each
presently intend to preserve the right of Duke Energy Participants and Spectra Energy Participants, respectively, to receive distributions in kind from, respectively, the Duke Energy 401(k) Plan and the Spectra Energy 401(k) Plan, if, and to the
extent, of investments under such plans in investment funds comprised of Duke Energy Common Stock or Spectra Energy Common Stock. 
 (e) Form 5310-A. No later than thirty (30) days prior to the Distribution Date, Duke Energy and Spectra Energy (each acting directly or through their respective Affiliates) shall, to the extent necessary, file IRS Form 5310-A
regarding the transfer of Assets and Liabilities from the Duke Energy 401(k) Plan to the Spectra Energy 401(k) Plan as discussed in this Article IV. 
 Section 4.2 Contributions as of the Distribution Date. All contributions payable to the Duke Energy 401(k) Plan with respect to employee deferrals and contributions, matching contributions and other
contributions for Spectra Energy Participants through the Distribution Date, determined in accordance with the terms and provisions of the Duke Energy 401(k) Plan, ERISA and the Code, shall be paid by Duke Energy to the Duke Energy 401(k) Plan prior
to the date of the Asset transfer described in Sections 4.1(b) of this Agreement. 
 ARTICLE V 
 U.S. HEALTH AND WELFARE PLANS 
 Section 5.1 Health And Welfare Plans Maintained By Duke Energy Prior To The Distribution Date. 
 (a)
Establishment of the Spectra Energy Welfare Plans. Duke Energy or one or more of its Affiliates maintain each of the health and welfare plans set forth on Schedule G attached hereto (the “Duke Energy Welfare Plans”) for the
benefit of eligible Duke Energy Participants and Spectra Energy Participants. Effective as of the Distribution Date, Spectra Energy shall, or shall cause a Spectra Energy Affiliate to, adopt, for the benefit of eligible Spectra Energy Participants,
health and welfare plans, the terms of which are substantially comparable, in the aggregate, to the applicable terms of the Duke Energy Welfare Plans as in effect immediately prior to the Distribution Date (collectively, the “Spectra Energy
Welfare Plans”). 
  

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 (b) Terms of Participation in Spectra Energy Welfare Plans. Spectra Energy (acting
directly or through its Affiliates) shall cause all Spectra Energy Welfare Plans to (i) waive all limitations as to preexisting conditions, exclusions, and service conditions with respect to participation and coverage requirements applicable to
Spectra Energy Participants, other than limitations that were in effect with respect to Spectra Energy Participants as of the Distribution Date under the Duke Energy Welfare Plans, and (ii) waive any waiting period limitation or evidence of
insurability requirement that would otherwise be applicable to a Spectra Energy Participant following the Distribution Date to the extent such Spectra Energy Participant had satisfied any similar limitation under the analogous Duke Energy Welfare
Plan. Spectra Energy intends to provide that Spectra Energy Participants shall initially be eligible for participation in and benefits under Spectra Energy retiree welfare plans on the same basis under which they were eligible for participation in
and benefits under the Duke Energy retiree welfare plans immediately before the Distribution. 
 (c) Reimbursement Account
Plan. Effective as of the Distribution Date, Spectra Energy (acting directly or through its Affiliates) shall have established a health and dependent care reimbursement account plan (the “Spectra Energy Reimbursement Account
Plan”) with features that are comparable to those contained in the health and dependent care reimbursement account plan maintained by Duke Energy for the benefit of Spectra Energy Participants immediately prior to the Distribution Date (the
“Duke Energy Reimbursement Account Plan”). Duke Energy shall retain the Liability for administering under the Duke Energy Reimbursement Account Plan all reimbursement claims of Duke Energy Participants and Spectra Energy
Participants with respect to calendar year 2006, whether arising before, on, or after the Distribution Date. With respect to Spectra Energy Participants, Spectra Energy (acting directly or through its Affiliates) shall assume responsibility for
administering under the Spectra Energy Reimbursement Account Plan all reimbursement claims of Spectra Energy Participants with respect to calendar year 2007, whether arising before, on, or after the Distribution Date. No more than 45 days following
the Distribution Date (or such later time as mutually agreed by the Parties), Duke Energy shall cause to be transferred to Spectra Energy an amount in cash, cash-like securities or other cash equivalents equal to the sum of all contributions (if
any) to the Duke Energy Reimbursement Account Plan made with respect to calendar year 2007 by or on behalf of any Spectra Energy Participant prior to the Distribution Date. 
 (d) Continuation of Elections. As of the Distribution Date, Spectra Energy (acting directly or through its Affiliates) shall cause
the Spectra Energy Welfare Plans to recognize and maintain all elections and designations (including all coverage and contribution elections and beneficiary designations) made by Spectra Energy Participants under, or with respect to, the Duke Energy
Welfare Plans and apply such elections and designations under the Spectra Energy Welfare Plans for the remainder of the period or periods for which such elections or designations are by their original terms applicable, to the extent such election or
designation is available under the corresponding Spectra Energy Welfare Plan. 
 (e) COBRA and HIPAA. Effective as of
the Distribution Date, Spectra Energy (acting directly or through its Affiliates) shall assume, or shall have caused the Spectra Energy Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of
COBRA with respect to Spectra Energy Participants who, as of the day prior to the 

  

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Distribution Date, were covered under a Duke Energy Welfare Plan pursuant to COBRA. Duke Energy (acting directly or through its Affiliates) shall be
responsible for administering compliance with any certificate of creditable coverage requirements of HIPAA or Medicare applicable to the Duke Energy Welfare Plans with respect to Spectra Energy Participants. The Parties hereto agree that neither the
Distribution nor any transfers of employment that occur as of the Distribution Date shall constitute a COBRA qualifying event for purposes of COBRA; provided, that, in all events, Spectra Energy (acting directly or through its
Affiliates) shall assume, or shall have caused the Spectra Energy Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to those Duke Energy Employees whose employment is
transferred directly from the Duke Energy Group to the Spectra Energy Group as of the Distribution Date to the extent such individual was, as of the day prior to such transfer of employment, covered under a Duke Energy Welfare Plan. 
 (f) Liabilities. 
 (i) Insured Benefits. With respect to employee welfare and fringe benefits that are provided through the purchase of insurance, Duke Energy shall cause the Duke Energy Welfare Plans to fully perform, pay and
discharge all claims of Spectra Energy Participants that are incurred prior to the Distribution Date and Spectra Energy shall cause the Spectra Energy Welfare Plans to fully perform, pay and discharge all claims of Spectra Energy Participants that
are incurred on or after the Distribution Date. 
 (ii) Self-Insured Benefits. With respect to employee welfare and
fringe benefits that are provided on a self-insured basis, (A) Duke Energy (acting directly or through its Affiliates) shall fully perform, pay and discharge, under the Duke Energy Welfare Plans, all claims of Spectra Energy Participants who
are Spectra Energy Employees that are incurred but not paid prior to the Distribution Date, and (B) Spectra Energy (acting directly or through its Affiliates) shall fully perform, pay and discharge, under the Spectra Energy Welfare Plans, from
and after the Distribution Date, all claims of Spectra Energy Participants who are Spectra Energy Employees that are incurred on or after the Distribution Date. Duke Energy shall submit a monthly written invoice to Spectra Energy detailing Spectra
Energy’s portion of retiree medical and dental claims incurred prior to the Distribution Date but paid by Blue Cross and Blue Shield of North Carolina and Fiserv Health (formerly Wausau Benefits, Inc.) after the Distribution Date, and Spectra
Energy shall be liable for such portion and pay such invoices. Spectra Energy shall have the right, at its own expense, to audit, or to cause an inspection body selected by Spectra Energy and composed of members with appropriate professional
qualifications to audit, such invoices in a commercially reasonable manner during normal Duke Energy business hours. 
 (iii)
Incurred Claim Definition. For purposes of this Section 5.1(f), a claim or Liability is deemed to be incurred (A) with respect to medical, dental, vision and/or prescription drug benefits, upon the rendering of health services
giving rise to such claim or Liability; (B) with respect to life insurance, accidental death and dismemberment and business travel accident insurance, upon the occurrence of the event giving rise to such claim or Liability; (C) with
respect to disability benefits, upon the date of an individual’s disability, as determined by the disability benefit insurance carrier or claim administrator, giving rise to such claim or Liability; and (D) with respect to a period of
continuous hospitalization, upon the date of admission to the hospital. 
  

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 (iv) Treatment of Other Liabilities, Recoveries and Adjustments. For purposes of
applying the claim Liability provisions of clause (ii) above as it relates to retiree medical and dental claims: (A) recoveries made by the Duke Energy Welfare Plans or Duke Energy with respect to claims incurred prior to the Distribution
Date, including subrogation/reimbursement recoveries, claim adjustment recoveries and demutualization proceeds, shall be taken into account as positive claim adjustments; and (B) other non-routine claim Liabilities paid by the Duke Energy
Welfare Plans or Duke Energy with respect to claims incurred prior to the Distribution Date, including Medicare Secondary Payer Liability, shall be taken into account as claim Liabilities. 
 (v) Claim Experience. Notwithstanding the foregoing, the Parties (acting directly or through their Affiliates) shall take any
action necessary to ensure that any claims experience under the Duke Energy Welfare Plans attributable to Spectra Energy Participants shall be allocated to the Spectra Energy Welfare Plans. 
 Section 5.2 Disposition of VEBA Assets. 
 (a) Establishment of Spectra Energy VEBA. Effective not later than the Distribution Date (or such later time as mutually agreed by the Parties), Spectra Energy shall adopt the Spectra Energy VEBA in a form that
is substantially comparable to the Duke Energy VEBA as in effect immediately before the Distribution Date and shall cause the Spectra Energy VEBA to qualify under Section 501(c)(9) of the Code. 
 (b) Determination of VEBA Assets. As soon as reasonably practicable after the Distribution Date, Duke Energy shall cause the Duke
Energy Actuary to determine for the Duke Energy VEBA the total benefit Liabilities as of the Distribution Date for all participants in plans covered by the Duke Energy VEBA using the actuarial assumptions set forth in Schedule E attached hereto.

 (c) VEBA Asset Allocations and Transfers. The portion of the Duke Energy VEBA assets that shall be allocated to the
Spectra Energy VEBA shall be determined as provided in Schedule E attached hereto. As soon as reasonably practicable after such determination, the amount of the Duke Energy VEBA assets allocated to the Spectra Energy VEBA in accordance with the
preceding sentence shall be transferred (in cash or in-kind, as determined by Duke Energy in its discretion) to the Spectra Energy VEBA. 
 Section 5.3 Disposition of Retired Lives Reserve. 
 (a) Establishment of Spectra Energy RLR.
Effective not later than the Distribution Date (or such later time as mutually agreed by the Parties), Spectra Energy shall establish an insurance policy in such form that permits it to accept a transfer of assets from the Duke Energy RLR.

  

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 (b) Determination of Duke Energy RLR Liabilities. As soon as reasonably
practicable after the Distribution Date, Duke Energy shall cause the Duke Energy Actuary to determine for the Duke Energy RLR the total benefit Liabilities as of the Distribution Date that are subject to funding under the Duke Energy RLR using the
actuarial assumptions set forth in Schedule E attached hereto. 
 (c) Transfer of Duke Energy RLR Assets. The portion
of the Duke Energy RLR that shall be allocated to Spectra Energy shall be determined as provided in Schedule E attached hereto. As soon as reasonably practicable after such determination, Duke Energy shall cause the insurance company holding the
Duke Energy RLR to transfer from the Duke Energy RLR to the insurance policy established pursuant to subsection (a) above, an amount in cash or in kind (as determined by Duke Energy in its discretion) equal to the portion of the Duke Energy RLR
allocated to Spectra Energy in accordance with the preceding sentence. 
 Section 5.4 Time-Off Benefits. Spectra Energy shall
credit each Spectra Energy Participant with the amount of accrued but unused vacation time, sick time and other time-off benefits as such Spectra Energy Participant had with the Duke Energy Group as of the Distribution Date. Notwithstanding the
above, Spectra Energy shall not be required to credit any Spectra Energy Participant with any accrual to the extent that a benefit attributable to such accrual is provided by the Duke Energy Group. 
 ARTICLE VI 
 NONQUALIFIED RETIREMENT PLANS

 Section 6.1 Spectra Energy Supplemental Retirement Plan. 
 (a) Spectra Energy Retained Nonqualified Plans. Following the Distribution Date, Spectra Energy (acting directly or through its
Affiliates) shall retain, and Duke Energy shall have no obligation whatsoever with regard to, all obligations and Liabilities under, or with respect to, the supplemental retirement plans that are listed on Schedule H attached hereto (collectively,
the “Spectra Energy Retained SRP”). 
 (b) Establishment of Spectra Energy Nonqualified Plans.
Effective as of the Distribution Date, Spectra Energy shall, or shall cause one of its Affiliates to, establish a non-qualified deferred compensation plan or plans to benefit Spectra Energy Participants or directors of Spectra Energy who have
accrued, or were eligible to accrue, benefits under the Duke Energy SRP immediately prior to the Distribution Date, the terms of which are substantially comparable, in the aggregate, to the terms of the Duke Energy SRP as in effect immediately prior
to the Distribution Date (the “Spectra Energy Nonqualified Plans”). Effective as of the Distribution Date, Spectra Energy hereby agrees to cause the Spectra Energy Nonqualified Plans to assume responsibility for all Liabilities and
fully perform, pay and discharge all obligations, when such obligations become due, of the Duke Energy SRP with respect to all Spectra Energy Participants therein and Spectra Energy directors covered thereby. Spectra Energy (acting directly or
through its Affiliates) shall be responsible for any and all Liabilities (including Liability for funding) and other obligations with respect to the Spectra Energy Nonqualified Plans. 
  

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 (c) Continuation of Elections. As of the Distribution Date, Spectra Energy (acting
directly or through an Affiliate) shall cause the Spectra Energy Nonqualified Plans to recognize and maintain all elections (including deferral, distribution and investment elections) and beneficiary designations with respect to Spectra Energy
Participants and Spectra Energy directors under the Duke Energy SRP to the extent such elections or designations are available under the Spectra Energy Nonqualified Plans until a new election that by its terms supersedes such original election is
made by the Spectra Energy Participant or Spectra Energy director in accordance with applicable Law and the terms and conditions of the Spectra Energy Nonqualified Plans. 
 Section 6.2 Transfer Of Assets Attributable To Duke Energy Nonqualified Plans. 
 (a) Establishment of Spectra Energy Rabbi Trust. Effective not later than the Distribution Date (or such later time as mutually agreed by the Parties), Spectra Energy shall adopt (or, to the extent applicable, assume in its entirety)
the Spectra Energy Rabbi Trust in a form that is substantially comparable to the Duke Energy Rabbi Trust as in effect immediately before the Distribution Date. 
 (b) Determination of Rabbi Trust Liabilities. As soon as reasonably practicable after the Distribution Date, Duke Energy shall
cause the Duke Energy Actuary to determine the total benefit Liabilities as of the Distribution Date under the Financed Nonqualified Plans using the actuarial assumptions set forth in Schedule E attached hereto. 
 (c) Transfer of Rabbi Trust Assets. The portion of the Duke Energy Rabbi Trust that shall be allocated to Spectra Energy shall be
equal to, as of the Distribution Date and as determined under subsection (b) above, the proportion that the benefit Liabilities in respect of Spectra Energy Participants under the Financed Nonqualified Plans bears to the total benefit
Liabilities of all of the Duke Energy Participants and Spectra Energy Participants under the Financed Nonqualified Plans. As soon as reasonably practicable after such determination, Duke Energy shall transfer, or shall cause the trustee of the Duke
Energy Rabbi Trust to transfer from the Duke Energy Rabbi Trust, to the Spectra Energy Rabbi Trust an amount in cash or in kind (any such assets to be determined by Duke Energy in its discretion) equal to the portion of the Duke Energy Rabbi Trust
allocated to Spectra Energy in accordance with the preceding sentence. 
 ARTICLE VII 
 LONG-TERM INCENTIVE AWARDS 
 Section 7.1 Treatment of Outstanding Duke Energy
Options. 
 (a) Each Duke Energy Option that is outstanding immediately prior to the Distribution Date shall, as of the
Distribution Date (or, in the case of Duke Energy Options held by individuals who are subject to income taxation in Canada, as of immediately before the Distribution Date), be converted into a Spectra Energy Option and an adjusted Duke Energy Option
(each a “Post-Distribution Duke Energy Option”) in accordance with the succeeding paragraphs of this Section 7.1; provided, that, if after such conversion in respect of an individual 

  

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who is subject to income taxation in Canada, the Board of Directors of Duke Energy shall determine that the Distribution shall not occur, each Spectra Energy
Option and Post-Distribution Duke Energy Option held by such individual on account of such conversion shall thereupon collectively be converted back into a Duke Energy Option on the same terms and conditions as were applicable immediately before
such conversion into a Spectra Energy Option and Post-Distribution Duke Energy Option. 
 (b) The number of shares subject to
the Spectra Energy Option shall be equal to the number of shares of Spectra Energy Common Stock to which the option holder would be entitled in the Distribution had the shares subject to the Duke Energy Option represented outstanding shares of Duke
Energy Common Stock as of the Record Date, the resulting number of shares subject to the Spectra Energy Option being rounded down to the nearest whole share. The per share exercise price of the Post-Distribution Duke Energy Option shall be equal to
the product of (1) the per share exercise price of the Duke Energy Option immediately prior to the Distribution Date (the “Pre-Distribution Duke Energy Option Price”) multiplied by (2) a fraction, the numerator of which
shall be the Post-Distribution Duke Energy Stock Price and the denominator of which shall be the sum of (i) the Post-Distribution Duke Energy Stock Price and (ii) the quotient determined by dividing the Post-Distribution Spectra Energy
Stock Price by the Spectra Energy Ratio (as defined below), which product shall be rounded up to the nearest whole cent. The per share exercise price of the Spectra Energy Option shall be equal to the product of (1) the Pre-Distribution Duke
Energy Option Price multiplied by (2) a fraction, the numerator of which shall be the Post-Distribution Spectra Energy Stock Price and the denominator of which shall be the sum of (i) the Post-Distribution Duke Energy Stock Price and
(ii) the quotient determined by dividing the Post-Distribution Spectra Energy Stock Price by the Spectra Energy Ratio, which product shall be rounded up to the nearest whole cent. For purposes of this paragraph (b), “Spectra Energy
Ratio” shall mean the amount determined by dividing (x) the number one (1) by (y) the number of shares of Spectra Energy Common Stock distributed in respect of each share of Duke Energy Common Stock in the Distribution. For
the avoidance of doubt, the methodology described in the preceding provisions of this subsection (b) for determining the exercise price under the Post-Distribution Duke Energy Option and Spectra Energy Option shall likewise apply in determining
the base price of any stock appreciation right issued in tandem with a Duke Energy Option that is outstanding immediately prior to the Distribution Date. 
 (c) Prior to the Distribution Date, Duke Energy shall amend the applicable Duke Energy Stock Plans as necessary, effective as of the Distribution Date, to provide that for purposes of the Post-Distribution Duke Energy
Options (including in determining exercisability and the post-termination exercise period), a Spectra Energy Employee’s continued service with the Spectra Energy Group following the Distribution Date shall be deemed continued service with Duke
Energy. Spectra Energy shall issue each Spectra Energy Option under the Spectra Energy Stock Plan, which shall provide that, except as otherwise provided herein, the terms and conditions applicable to the Spectra Energy Options shall be
substantially similar to the terms and conditions applicable to the corresponding Duke Energy Option, including the terms and conditions relating to vesting and the post-termination exercise period (as set forth in the applicable plan, award
agreement or in the option holder’s then applicable employment agreement with Duke Energy or its Affiliates, which terms shall remain in effect even after the expiration or termination of such employment agreement) and including a provision to
the effect that, for purposes of the Spectra Energy Options, continued service with the Duke Energy Group from and after the Distribution Date shall be deemed to constitute service with Spectra Energy. 
  

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 (d) The Spectra Energy Options and the Post-Distribution Duke Energy Options shall remain
subject to the terms and conditions of the underlying Duke Energy Option as in effect immediately prior to the Distribution Date, including any Detrimental Conduct Provisions and terms relating to post-termination exercise periods provided for in
any option holder’s employment agreement. 
 (e) Upon the exercise of a Spectra Energy Option, regardless of the holder
thereof, the exercise price shall be paid to (or otherwise satisfied to the satisfaction of) Spectra Energy in accordance with the terms of the Spectra Energy Option, and Spectra Energy shall be solely responsible for the issuance of Spectra Energy
Common Stock, for ensuring the withholding of all applicable tax on behalf of the employing entity of such holder, and for ensuring the remittance of such withholding taxes to the employing entity of such holder. Upon the exercise of a Duke Energy
Option, regardless of the holder thereof, the exercise price shall be paid to (or otherwise satisfied to the satisfaction of Duke Energy) in accordance with the terms of the Duke Energy Option, and Duke Energy shall be solely responsible for the
issuance of Duke Energy Common Stock, for ensuring the withholding of all applicable tax on behalf of the employing entity of such holder and for ensuring the remittance of such withholding taxes to the employing entity of such holder. 

Section 7.2 Treatment of Outstanding Duke Energy Restricted Stock. 
 (a) Each holder as of the Record Date of Duke Energy Restricted Shares that remain outstanding immediately prior to the Distribution
Date shall receive, upon the Distribution being made, such number of Spectra Energy Restricted Shares as equals the number of shares of Spectra Energy Common Stock to which all other holders of shares of Duke Energy Common Stock shall be
entitled to receive upon the Distribution being made. The Duke Energy Restricted Shares outstanding following the Distribution having been made are hereinafter referred to as “adjusted Duke Energy Restricted Shares.” The Spectra
Energy Restricted Shares and the adjusted Duke Energy Restricted Shares shall be subject to the succeeding paragraphs of this Section 7.2. 
 (b) All Spectra Energy Restricted Shares and adjusted Duke Energy Restricted Shares shall become vested upon the date the Duke Energy Restricted Shares would have otherwise vested in accordance with the existing
vesting schedule. 
 (c) Prior to the Distribution Date, Duke Energy shall amend the applicable Duke Energy Stock Plans as
necessary, effective as of the Distribution Date, to provide that for purposes of continued vesting of the adjusted Duke Energy Restricted Shares, a Spectra Energy Employee’s continued service with the Spectra Energy Group following the
Distribution Date shall be deemed continued service with Duke Energy. The issuance of each Spectra Energy Restricted Share shall be subject to the terms of the Spectra Energy Stock Plan, which shall provide that, except as otherwise provided herein,
the terms and conditions applicable to the Spectra Energy Restricted Shares shall be substantially similar to the terms and conditions applicable to the corresponding Duke Energy Restricted Shares (as set forth in the applicable plan, award 

  

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agreement or in the holder’s then applicable employment agreement with Duke Energy or its Affiliates, which terms shall remain in effect even after the
expiration or termination of such employment agreement), including any Detrimental Conduct Provisions, and including a provision to the effect that, for purposes of the Spectra Energy Restricted Shares, continued service with the Duke Energy Group
from and after the Distribution Date shall be deemed to constitute service with Spectra Energy. 
 (d) Upon the vesting of the
Spectra Energy Restricted Shares, Spectra Energy shall be solely responsible for the settlement of all Spectra Energy Restricted Shares, regardless of the holder thereof, and for ensuring the satisfaction of all applicable tax withholding
requirements on behalf of the employing entity of such holder and for ensuring the remittance of such withholding taxes to the employing entity of such holder. Upon the vesting of the Duke Energy Restricted Shares, Duke Energy shall be solely
responsible for the settlement of all Duke Energy Restricted Shares, regardless of the holder thereof, and for ensuring the satisfaction of all applicable tax withholding requirements on behalf of the employing entity of such holder and for ensuring
the remittance of such withholding taxes to the employing entity of such holder. 
 Section 7.3 Treatment of Outstanding Duke Energy
Phantom Stock. 
 (a) Each Duke Energy Phantom Stock Unit that is outstanding immediately prior to the Distribution Date
shall be converted, as of the Distribution Date, into a Spectra Energy Phantom Stock Unit and an adjusted Duke Energy Phantom Stock Unit (including a ratable portion of any accumulated dividend equivalents) in accordance with the succeeding
paragraphs of this Section 7.3. 
 (b) The number of Spectra Energy Phantom Stock Units shall be equal to the number of
shares of Spectra Energy Common Stock to which the holder of Duke Energy Phantom Stock Units would be entitled in the Distribution had the Duke Energy Phantom Stock Units represented actual shares of Duke Energy Common Stock as of the Record Date,
the resulting number of Spectra Energy Phantom Stock Units being rounded down to the nearest whole unit. All Spectra Energy Phantom Stock Units and adjusted Duke Energy Phantom Stock Units shall become vested upon the date the Duke Energy Phantom
Stock Units would have otherwise vested in accordance with the existing vesting schedule. 
 (c) Prior to the Distribution
Date, Duke Energy shall amend the applicable Duke Energy Stock Plans as necessary, effective as of the Distribution Date, to provide that for purposes of continued vesting of the adjusted Duke Energy Phantom Stock Units, a Spectra Energy
Employee’s continued service with the Spectra Energy Group following the Distribution Date shall be deemed continued service with Duke Energy. Spectra Energy shall issue each Spectra Energy Phantom Stock Unit under the Spectra Energy Stock
Plan, which shall provide that, except as otherwise provided herein, the terms and conditions applicable to the Spectra Energy Phantom Stock Units shall be substantially similar to the terms and conditions applicable to the corresponding Duke Energy
Phantom Stock Unit (as set forth in the applicable plan, award agreement or in the holder’s then applicable employment agreement with Duke Energy or its Affiliates, which terms shall remain in effect even after the expiration or termination of
such employment agreement), including any Detrimental Conduct Provisions, and including a provision to the effect that, for purposes of the Spectra Energy Phantom Stock Units, continued service with the Duke Energy Group from and after the
Distribution Date shall be deemed to constitute service with Spectra Energy. 
  

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 (d) Upon the vesting of the Spectra Energy Phantom Stock Units, Spectra Energy shall be
solely responsible for the settlement of all Spectra Energy Phantom Stock Units (including any attributable dividend equivalents), regardless of the holder thereof, and for ensuring the satisfaction of all applicable tax withholding requirements on
behalf of the employing entity of such holder and for ensuring the remittance of such withholding taxes to the employing entity of such holder. Upon the vesting of the Duke Energy Phantom Stock Units, Duke Energy shall be solely responsible for the
settlement of all Duke Energy Phantom Stock Units (including any attributable dividend equivalents), regardless of the holder thereof, and for ensuring the satisfaction of all applicable tax withholding requirements on behalf of the employing entity
of such holder and for ensuring the remittance of such withholding taxes to the employing entity of such holder. Notwithstanding the foregoing provisions of this subsection (d), to the extent a Duke Energy Phantom Stock Unit or Spectra Energy
Phantom Stock Unit is deferred under a deferral plan (including the Duke Energy SRP or Spectra Energy Nonqualified Plan), payment in respect of such Duke Energy Phantom Stock Unit or Spectra Energy Phantom Stock Unit shall be made pursuant to the
terms of such deferral plan. 
 Section 7.4 Treatment of Outstanding Duke Energy Performance Shares. 
 (a) Each Duke Energy Performance Share that is outstanding immediately prior to the Distribution Date shall be converted, as of the
Distribution Date, into a Spectra Energy Performance Share and an adjusted Duke Energy Performance Share (including a ratable portion of any accumulated dividend equivalents) in accordance with the succeeding paragraphs of this Section 7.4.

 (b) The number of Spectra Energy Performance Shares shall be equal to the number of shares of Spectra Energy Common Stock
to which the holder of Duke Energy Performance Shares would be entitled in the Distribution had the Duke Energy Performance Shares represented actual shares of Duke Energy Common Stock as of the Record Date, the resulting number of Spectra Energy
Performance Shares being rounded down to the nearest whole unit. For purposes of determining the extent to which Spectra Energy Performance Shares and adjusted Duke Energy Performance Shares shall become vested, (i) to the extent necessary Duke
Energy shall recommend such actions to be taken such that, for any portion of the applicable performance period that occurs after the Distribution Date, measurement of total shareholder return shall be based upon two equity components, weighted 50%
each, consisting respectively of Duke Energy Common Stock and Spectra Energy Common Stock, using the Post-Distribution Duke Energy Stock Price and the Post-Distribution Spectra Energy Stock Price, respectively, as the basis of measurement, and
(ii) Duke Energy (or, as applicable, the Board of Directors of Duke Energy or a committee thereof) shall establish the performance metrics under any Duke Energy Performance Share and Spectra Energy Performance Share held by a Duke Energy
Employee in respect of which the performance metrics are not yet established as of the Distribution Date, and (iii) Spectra Energy (or, as applicable, the Board of Directors of Spectra Energy or a committee thereof) shall establish the
performance metrics under any Duke Energy Performance Share and Spectra Energy Performance Share held by a Spectra Energy Employee in respect of which the performance metrics are not yet established as of the Distribution Date. 
  

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 (c) Prior to the Distribution Date, Duke Energy shall amend the applicable Duke Energy
Stock Plans as necessary, effective as of the Distribution Date, to provide that for purposes of continued vesting of the adjusted Duke Energy Performance Shares, a Spectra Energy Employee’s continued service with the Spectra Energy Group
following the Distribution Date shall be deemed continued service with Duke Energy. Spectra Energy shall issue each Spectra Energy Performance Share under the Spectra Energy Stock Plan, which shall provide that, except as otherwise provided herein,
the terms and conditions applicable to the Spectra Energy Performance Shares shall be substantially similar to the terms and conditions applicable to the corresponding Duke Energy Performance Share (as set forth in the applicable plan, award
agreement or in the holder’s then applicable employment agreement with Duke Energy or its Affiliates, which terms shall remain in effect even after the expiration or termination of such employment agreement), including any Detrimental Conduct
Provisions, and including a provision to the effect that, for purposes of the Spectra Energy Performance Shares, continued service with the Duke Energy Group from and after the Distribution Date shall be deemed to constitute service with Spectra
Energy. 
 (d) Upon the vesting of the Spectra Energy Performance Shares, Spectra Energy shall be solely responsible for the
settlement of all Spectra Energy Performance Shares (including any attributable dividend equivalents), regardless of the holder thereof, and for ensuring the satisfaction of all applicable tax withholding requirements on behalf of the employing
entity of such holder and for ensuring the remittance of such withholding taxes to the employing entity of such holder. Upon the vesting of the Duke Energy Performance Shares, Duke Energy shall be solely responsible for the settlement of all Duke
Energy Performance Shares (including any attributable dividend equivalents), regardless of the holder thereof, and for ensuring the satisfaction of all applicable tax withholding requirements on behalf of the employing entity of such holder and for
ensuring the remittance of such withholding taxes to the employing entity of such holder. Notwithstanding the foregoing provisions of this subsection (d), to the extent a Duke Energy Performance Share or Spectra Energy Performance Share is deferred
under a deferral plan (including the Duke Energy SRP or Spectra Energy Nonqualified Plan), payment in respect of such Duke Energy Performance Share or Spectra Energy Performance Share shall be made pursuant to the terms of such deferral plan.

 Section 7.5 Cooperation. Each of the Parties shall establish an appropriate administration system in order to handle in an
orderly manner exercises of Duke Energy Options and Spectra Energy Options and the settlement of Duke Energy Restricted Shares, Duke Energy Phantom Stock Units, Duke Energy Performance Shares, Spectra Energy Restricted Shares, Spectra Energy Phantom
Stock Units and Spectra Energy Performance Shares. Each of the Parties will work together to unify and consolidate all indicative data and payroll and employment information on regular timetables and make certain that each applicable entity’s
data and records in respect of such awards are correct and updated on a timely basis. The foregoing shall include employment status and information required for tax withholding/remittance, compliance with trading windows and compliance with the
requirements of the Exchange Act and other applicable Laws. 
  

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 Section 7.6 SEC Registration. The Parties mutually agree to use commercially reasonable
efforts to maintain effective registration statements with the SEC with respect to the long-term incentive awards described in this Article VII, to the extent any such registration statement is required by applicable Law. 
 Section 7.7 Savings Clause. The Parties hereby acknowledge that the provisions of this Article VII are intended to achieve certain tax, legal
and accounting objectives and, in the event such objectives are not achieved, the Parties agree to negotiate in good faith regarding such other actions that may be necessary or appropriate to achieve such objectives. 
 ARTICLE VIII 
 ADDITIONAL COMPENSATION
MATTERS; SEVERANCE 
 Section 8.1 Annual Incentive Awards. 
 (a) Spectra Energy Assumption of Annual Incentive Liability. Effective as of the Distribution Date, Spectra Energy shall assume or
retain, as applicable, responsibility for all Liabilities and fully perform, pay and discharge all obligations, when such obligations become due, relating to any annual incentive awards that any Spectra Energy Participant is eligible to receive with
respect to calendar year 2006 and, effective as of the Effective Time, Duke Energy shall have no obligation with respect to any such annual incentive award. 
 (b) Duke Energy Assumption of Annual Incentive Liability. Effective as of the Distribution Date, Duke Energy shall assume or
retain, as applicable, responsibility for all Liabilities and fully perform, pay and discharge all obligations relating to any annual incentive awards that any Duke Energy Participant is eligible to receive with respect to calendar year 2006 and,
effective as of the Distribution Date, Spectra Energy shall have no obligation with respect thereto. 
 (c) Establishment
of Spectra Energy Annual Incentive Plan. Effective as of the Distribution Date, Spectra Energy shall have adopted an annual incentive plan which shall permit the issuance of annual incentive awards on terms and conditions substantially
comparable to those under the Duke Energy Executive Short-Term Incentive Plan (provided that the payment amounts and individual performance criteria shall be established in the discretion of the Spectra Energy Board of Directors or the Compensation
Committee thereof). 
 (d) Special 2006 Bonus Provision. Duke Energy and Spectra Energy shall cooperate in amending to
the extent permitted the terms of annual incentive awards otherwise payable with respect to 2006 to certain Duke Energy Participants or Spectra Energy Participants to provide that such annual incentive award shall not be payable unless and until
such Duke Energy Participant or Spectra Energy Participant completes a predetermined period of service. 
  

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 Section 8.2 Individual Arrangements. 
 (a) Duke Energy Individual Arrangements. Duke Energy acknowledges and agrees that, except as otherwise provided herein, it shall
have full responsibility with respect to any Liabilities and the payment or performance of any obligations arising out of or relating to any employment, consulting, non-competition, retention or other compensatory arrangement (including any EPS
Units Agreement or Severance and Retention Compensation Agreement) previously provided by any member of the Duke Energy Group or Spectra Energy Group to any Duke Energy Participant, including life insurance policies not held in any trust and
covering any Duke Energy Participant. 
 (b) Spectra Energy Individual Arrangements. Spectra Energy acknowledges and
agrees that, except as otherwise provided herein, it shall have full responsibility with respect to any Liabilities and the payment or performance of any obligations arising out of or relating to any employment, consulting, non-competition,
retention or other compensatory arrangement (including any EPS Units Agreement or Severance and Retention Compensation Agreement) previously provided by any member of the Duke Energy Group or Spectra Energy Group to any Spectra Energy Participant,
including life insurance policies not held in any trust and covering any Spectra Energy Participant. 
 Section 8.3 Severance
Plans. 
 (a) Establishment of Spectra Energy Severance Plans. Effective as of the Distribution Date,
Spectra Energy shall take all steps necessary to establish for Spectra Energy employees of its United States subsidiaries severance plans which, for the one-year period following the Distribution Date, provide severance benefits comparable to those
provided under the Duke Energy Reorganization Severance Benefits Plan (PN: 564) (such Spectra Energy severance plans referred to herein collectively as the “Spectra Energy Severance Plans”). 
 (b) Assumption of Severance Liabilities. Effective as of the Effective Time, Spectra Energy shall assume or retain, as
applicable, responsibility for all Liabilities and fully perform, pay and discharge all obligations, when such obligations become due, relating to any severance benefit to which a Spectra Energy Participant is entitled under a Duke Energy Severance
Plan as of the Distribution Date. Likewise, Duke Energy shall assume or retain, as applicable, responsibility for all Liabilities and fully perform, pay and discharge all obligations, when such obligations become due, relating to any severance
benefit to which a Duke Energy Participant is entitled under a Duke Energy Severance Plan as of the Distribution Date. 
 (c) Effect of the Separation on Severance. Duke Energy and Spectra Energy acknowledge and agree that the transactions contemplated by the Separation Agreement will not constitute a termination of employment of any Spectra
Energy Participant for purposes of any policy, plan, program or agreement of Duke Energy or Spectra Energy or any member of the Duke Energy Group or Spectra Energy Group that provides for the payment of severance, separation pay, salary continuation
or similar benefits in the event of a termination of employment. 
  

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 Section 8.4 Workers’ Compensation Liabilities. 
 (a) Pre-Distribution Date Claims. Except as set forth below, all workers’ compensation Liabilities relating to, arising out
of, or resulting from any claim by a Spectra Energy Employee or Former Spectra Energy Employee that results from an accident, incident or event occurring, or from an occupational disease which becomes manifest, before the Distribution Date shall be
retained by Spectra Energy. Notwithstanding the foregoing, Spectra Energy shall not assume or retain any workers’ compensation Liability relating to, arising out of, or resulting from any claim by a Spectra Energy Employee that results from an
accident, incident or event occurring, or from an occupational disease which becomes manifest, while such Spectra Energy Employee was employed by any member of the Duke Energy Group (such a claim, a “Duke Energy Retained Claim”).
All workers’ compensation Liabilities relating to, arising out of, or resulting from (i) any Duke Energy Retained Claim or (ii) any claim by a Duke Energy Employee or Former Duke Energy Employee that results from an accident,
incident, or event occurring, or from an occupational disease which becomes manifest before the Distribution Date shall be retained by Duke Energy. 
 (b) Post-Distribution Date Claims. All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a Spectra Energy Employee or Former Spectra Energy Employee that results
from an accident, incident or event occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by Spectra Energy. All workers’ compensation Liabilities relating to, arising out of, or
resulting from any claim by a Duke Energy Employee or Former Duke Energy Employee that results from an accident, incident or event occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained
by Duke Energy. 
 (c) General. For purposes of this Section 8.4, a compensable injury shall be deemed to be
sustained upon the occurrence of the event giving rise to eligibility for workers’ compensation benefits or an occupation disease becomes manifest, as the case may be. Duke Energy and Spectra Energy shall cooperate in good faith with respect to
the notification to appropriate governmental agencies of the Distribution and the issuance of new, or the transfer of existing, workers’ compensation insurance policies and claims handling contracts. 
 Section 8.5 Sections 162(m)/409A. Notwithstanding anything in this Agreement to the contrary (including the treatment of supplemental and
deferred compensation plans, outstanding long-term incentive awards and annual incentive awards as described herein), the Parties agree to negotiate in good faith regarding the need for any treatment different from that otherwise provided herein to
ensure that (i) a federal income Tax deduction for the payment of such supplemental or deferred compensation or long-term incentive award, annual incentive award or other compensation is not limited by reason of Section 162(m) of the Code,
and (ii) the treatment of such supplemental or deferred compensation or long-term incentive award, annual incentive award or other compensation does not cause the imposition of a tax under Section 409A of the Code. 
 Section 8.6 Director Programs. 
 (a) Certain Director Plans. Effective as of the Distribution Date, Spectra Energy shall, or shall cause one of its Affiliates to, establish a plan with terms and conditions substantially comparable to the Duke
Energy Directors Charitable Giving Program. Effective as of the Distribution Date, Spectra Energy hereby agrees to cause such plan to assume responsibility 

  

 30 

 
for all Liabilities and fully perform, pay and discharge all obligations, when such obligations come due, of the Duke Energy Directors Charitable Giving
Program with respect to all individuals who are members of the Spectra Energy Board of Directors as of the Effective Time or are a Former Spectra Energy Employee or director and, effective as of the Distribution Date, Duke Energy shall have no
obligation in respect of any such individual under such Spectra Energy plan. Any Assets related to the Spectra Energy Participants in the Duke Energy Directors Charitable Giving Program shall be transferred by Duke Energy to Spectra Energy as soon
as practicable following the Distribution Date. 
 (b) Certain Director Fees. Except as provided in subsection (a),
above, Duke Energy shall retain responsibility for the payment of any fees payable in respect of service on the Duke Energy Board of Directors that are payable but not yet paid as of the Distribution Date, and Spectra Energy shall have no
responsibility for any such payments (to an individual who is a member of the Spectra Energy Board of Directors as of the Effective Time or otherwise). 
 ARTICLE IX 
 SPECIAL CINERGY AND WESTCOAST PROVISIONS 
 Section 9.1. Cinergy Corp. Employees. Except as otherwise expressly provided in this Agreement, all Liabilities with respect to the
employment, service, termination of employment or termination of service of all employees and former employees of Cinergy Corp. and its Subsidiaries, to the extent previously assumed by Duke Energy or its Affiliates or otherwise arising in
connection with or as a result of employment with or the performance of services for Duke Energy or its Affiliates, shall be treated as Power Liabilities for purposes of the Separation Agreement, including those Liabilities set forth in Schedule J
attached hereto. 
 Section 9.2 Westcoast Energy, Inc. Employees. Except as otherwise expressly provided in this Agreement, all
Liabilities with respect to the employment, service, termination of employment or termination of service of all employees or former employees of Westcoast Energy Inc. or its Subsidiaries shall be treated as Gas Liabilities for purposes of the
Separation Agreement, including those Liabilities set forth in Schedule K attached hereto. 
 ARTICLE X 
 INDEMNIFICATION 
 Section 10.1
General Indemnification. Any claim for indemnification under this Agreement shall be governed by, and be subject to, the provisions of Article VII of the Separation Agreement, which provisions are hereby incorporated by reference into this
Agreement and any references to “Agreement” in such Article VII as incorporated herein shall be deemed to be references to this Agreement. 
  

 31 

 ARTICLE XI 
 GENERAL AND ADMINISTRATIVE 
 Section 11.1 Sharing Of Information. Duke Energy and Spectra Energy
(acting directly or through their respective Affiliates) shall provide to the other and their respective agents and vendors all Information as the other may reasonably request to enable the requesting Party to administer efficiently and accurately
each of its Benefit Plans and to determine the scope of, as well as fulfill, its obligations under this Agreement. Such information shall, to the extent reasonably practicable, be provided in the format and at the times and places requested, but in
no event shall the Party providing such information be obligated to incur any out-of-pocket expenses not reimbursed by the Party making such request or make such information available outside of its normal business hours and premises. Any
information shared or exchanged pursuant to this Agreement shall be subject to the confidentiality requirements set forth in the Separation Agreement. The Parties also hereby agree to enter into any business associate agreements that may be required
for the sharing of any Information pursuant to this Agreement to comply with the requirements of HIPAA. 
 Section 11.2 Reasonable
Efforts/Cooperation. Each of the Parties hereto will use its commercially reasonable efforts to promptly take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws and
regulations to consummate the transactions contemplated by this Agreement, including adopting plans or plan amendments. Each of the Parties hereto shall cooperate fully on any issue relating to the transactions contemplated by this Agreement for
which the other Party seeks a determination letter or private letter ruling from the IRS, an advisory opinion from the DOL or any other filing, consent or approval with respect to or by a Governmental Entity. 
 Section 11.3 Employer Rights. Nothing in this Agreement shall prohibit Spectra Energy or any Spectra Energy Affiliate from amending,
modifying or terminating any Spectra Energy Benefit Plan at any time within its sole discretion. In addition, nothing in this Agreement shall prohibit Duke Energy or any Duke Energy Affiliate from amending, modifying or terminating any Duke Energy
Benefit Plan at any time within its sole discretion. 
 Section 11.4 Effect on Employment. Except as expressly provided in this
Agreement, the occurrence of the Distribution alone shall not cause any employee to be deemed to have incurred a termination of employment which entitles such individual to the commencement of benefits under any of the Duke Energy Benefit Plans.
Furthermore, nothing in this Agreement is intended to confer upon any employee or former employee of Duke Energy, Spectra Energy or either of their respective Affiliates any right to continued employment, or any recall or similar rights to an
individual on layoff or any type of approved leave. 
 Section 11.5 Consent Of Third Parties. If any provision of this Agreement
is dependent on the Consent of any third party and such consent is withheld, the Parties hereto shall use their reasonable best efforts to implement the applicable provisions of this Agreement to the fullest extent practicable. If any provision of
this Agreement cannot be implemented due to the failure of such third party to consent, the Parties hereto shall negotiate in good faith to implement the provision in a mutually satisfactory manner. 
  

 32 

 Section 11.6 Access To Employees. Following the Distribution Date, Duke Energy and Spectra
Energy shall, or shall cause each of their respective Affiliates to, make available to each other those of their employees who may reasonably be needed in order to defend or prosecute any legal or administrative action (other than a legal action
between Duke Energy and Spectra Energy) to which any employee, director or Benefit Plan of the Duke Energy Group or Spectra Energy Group is a party and which relates to their respective Benefit Plans prior to the Distribution Date. The Party to whom
an employee is made available in accordance with this Section 11.6 shall pay or reimburse the other Party for all reasonable expenses which may be incurred by such employee in connection therewith, including all reasonable travel, lodging, and
meal expenses, but excluding any amount for such employee’s time spent in connection herewith. 
 Section 11.7 Beneficiary
Designation/Release Of Information/Right To Reimbursement. To the extent permitted by applicable Law and except as otherwise provided for in this Agreement, all beneficiary designations, authorizations for the release of Information and rights
to reimbursement made by or relating to Spectra Energy Participants under Duke Energy Benefit Plans shall be transferred to and be in full force and effect under the corresponding Spectra Energy Benefit Plans until such beneficiary designations,
authorizations or rights are replaced or revoked by, or no longer apply, to the relevant Spectra Energy Participant. 
 Section 11.8
Not A Change In Control. The Parties hereto acknowledge and agree that the transactions contemplated by the Separation Agreement and this Agreement do not constitute a “change in control” for purposes of any Duke Energy Benefit Plan
or Spectra Energy Benefit Plan. 
 ARTICLE XII 
 MISCELLANEOUS 
 Section 12.1 Effect If Distribution Does Not Occur. Notwithstanding anything in
this Agreement to the contrary, if the Separation Agreement is terminated prior to the Effective Time, then all actions and events that are, under this Agreement, to be taken or occur effective prior to, as of or following the Distribution Date, or
otherwise in connection with the Separation, shall not be taken or occur except to the extent specifically agreed to in writing by Duke Energy and Spectra Energy and neither Party shall have any Liability or further obligation to the other Party
under this Agreement. 
 Section 12.2 Relationship Of Parties. Nothing in this Agreement shall be deemed or construed by the
Parties or any third party as creating the relationship of principal and agent, partnership or joint venture between the Parties, it being understood and agreed that no provision contained herein, and no act of the Parties, shall be deemed to create
any relationship between the Parties other than the relationship set forth herein. 
 Section 12.3 Affiliates. Each of Duke
Energy and Spectra Energy shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement to be performed by each of their Affiliates, respectively. 
  

 33 

 Section 12.4 Notices. All notices, requests, claims, demands and other communications under
this Agreement, as between the Parties, shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt unless the day of receipt is not a Business Day, in which case it shall be deemed to have been
duly given or made on the next following Business Day) by delivery in person, by overnight courier service, by facsimile with receipt confirmed (followed by delivery of an original via overnight courier service) or by registered or certified mail
(postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 12.3): 
 To Duke Energy: 
 Duke Energy Corporation

 526 South Church Street 
 Charlotte, North Carolina 28202 
 Attn: Chief Legal Officer 
 Facsimile: 704-382-8137 
 To Spectra Energy:

 Spectra Energy Corp 
 5400
Westheimer Court 
 Houston, Texas 77056 
 Attn: General Counsel 
 Facsimile: 713-627-5536 
 Section 12.5 Entire Agreement. This Agreement, the Separation Agreement, and each other Ancillary Agreement, including any annexes, schedules and exhibits hereto and thereto, as well as any other
agreements and documents referred to herein and therein, shall constitute the entire agreement between the Parties with respect to the subject matter hereof and shall supersede all previous negotiations, commitments and writings with respect to such
subject matter. In the event of any inconsistency between this Agreement and any Schedule hereto, the Schedule shall prevail. 
 Section 12.6 Waivers. The failure of any Party to require strict performance by any other Party of any provision in this Agreement will not waive or diminish that Party’s right to demand strict performance thereafter of
that or any other provision hereof. 
 Section 12.7 Amendments. Subject to the terms of Section 12.8 of this Agreement, this
Agreement may not be modified or amended except by an agreement in writing signed by each of the Parties. 
  

 34 

 Section 12.8 Termination, Etc. This Agreement (including Article X hereof (Indemnification)
hereof) may be terminated and abandoned at any time prior to the Distribution Date by and in the sole discretion of Duke Energy without the approval of Spectra Energy or the stockholders of Duke Energy and it shall be deemed terminated if and when
the Separation Agreement is terminated. In the event of such termination, no Party shall have any liability of any kind to any other Party or any other Person. After the Distribution Date, this Agreement may not be terminated except by an agreement
in writing signed by each of the Parties. 
 Section 12.9 Governing Law. This Agreement shall be governed by and construed in
accordance with the internal Laws, and not the Laws governing conflicts of Laws (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law), of the State of New York. 
 Section 12.10 Dispute Resolution. Any controversy, dispute or claim arising out of, in connection with, or in relation to the
interpretation, performance, nonperformance, validity, termination or breach of this Agreement or otherwise arising out of, or in any way related to this Agreement or the transactions contemplated hereby, including any claim based on contract, tort,
statute or constitution (but excluding any controversy, dispute or claim arising out of any Contract relating to the use or lease of real property if any third party is a necessary party to such controversy, dispute or claim) (collectively,
“Agreement Dispute”), shall be governed by, and be subject to, the provisions of Article IX of the Separation Agreement, which provisions (and related defined terms) are hereby incorporated by reference into this Agreement and any
references to “Agreement” in such Article IX as incorporated herein shall be deemed to be references to this Agreement; provided, however, any references to “Agreement” or “Agreement Disputes” in such
Article IX as incorporated herein shall be deemed to be references to this Agreement and Agreement Disputes as defined in this Agreement. Notwithstanding the foregoing provisions of this Section 12.10, (i) disputes regarding the amount of
the Final Retirement Plan Transfer Amount or True-Up Amount shall be determined exclusively pursuant to the dispute resolution procedures set out in Section 3.2 of this Agreement, (ii) no Dispute Notice relating to the characterization of
an individual as a Duke Energy Employee, Spectra Energy Employee, Former Duke Energy Employee or Former Spectra Energy Employee may be provided under this Section 12.10 more than one hundred eighty (180) days after the Distribution, and
(iii) no Dispute Notice may be provided under this Section 12.10 after the second anniversary of the Distribution Date. 
 Section 12.11 Consent to Jurisdiction. Subject to the provisions of Article IX of the Separation Agreement, each of the Parties irrevocably submits to the exclusive jurisdiction of (a) the Supreme Court of the State of New
York, New York County, and (b) the United States District Court for the Southern District of New York (the “New York Courts”), for the purposes of any suit, action or other proceeding to compel arbitration or for provisional
relief in aid of arbitration in accordance with Article IX of the Separation Agreement or for provisional relief to prevent irreparable harm, and to the non-exclusive jurisdiction of the New York Courts for the enforcement of any award issued
thereunder. Each of the Parties further agrees that service of any process, summons, notice or document by U.S. registered mail to such Party’s respective address set forth in Section 12.4 of this Agreement shall be effective service of
process for any action, suit or proceeding in the New York Courts with respect to any matters to which it has submitted to jurisdiction in this Section 12.11. Each of the Parties irrevocably and unconditionally waives any objection to the
laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in the New York Courts, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such
court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 
  

 35 

 Section 12.12 Titles and Headings. Titles and headings to sections herein are inserted for
the convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 Section 12.13 Counterparts. This Agreement may be executed in more than one counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more such counterparts have been
signed by each of the Parties and delivered to the other Parties. 
 Section 12.14 Assignment. Except as otherwise provided for
in this Agreement, this Agreement shall not be assignable, in whole or in part, directly or indirectly, by any Party without the prior written Consent of the other Party, and any attempt to assign any rights or obligations arising under this
Agreement without such consent shall be void; provided, that, a Party may assign this Agreement in connection with a merger transaction in which such Party is not the surviving entity or the sale by such Party of all or substantially
all of its Assets; and provided, further, that the surviving entity of such merger or the transferee of such Assets shall agree in writing, reasonably satisfactory to the other Parties, to be bound by the terms of this Agreement as if
named as a “Party” hereto. 
 Section 12.15 Severability. In the event any one or more of the provisions contained in
this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The Parties
shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 Section 12.16 Successors and Assigns. The provisions of this Agreement and the obligations and rights hereunder shall be
binding upon, inure to the benefit of and be enforceable by (and against) the Parties and their respective successors and permitted transferees and assigns. 
 Section 12.17 Exhibits and Schedules. The Exhibits and Schedules shall be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein.

 Section 12.18 Specific Performance. The Parties agree that irreparable damage would occur in the event that the provisions of
this Agreement were not performed in accordance with their specific terms. Accordingly, it is hereby agreed that the Parties shall be entitled to (i) an injunction or injunctions to enforce specifically the terms and provisions hereof in any
arbitration in accordance with Section 12.10 of this Agreement, (ii) provisional or temporary injunctive relief in accordance therewith in any New York Court, and (iii) enforcement of any such award of an arbitral tribunal or a New
York Court in any court of the United States, or any other any court or tribunal sitting in any state of the United States or in any foreign country that has jurisdiction, this being in addition to any other remedy or relief to which they may be
entitled. 
  

 36 

 Section 12.19 Waiver of Jury Trial. SUBJECT TO SECTIONS 12.10, 12.11 AND 12.18 OF THIS
AGREEMENT, EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY COURT PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF AND PERMITTED UNDER OR IN CONNECTION
WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 12.19. 
 Section 12.20 Force Majeure. No Party (or any Person acting on its
behalf) shall have any liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated,
hindered or delayed as a consequence of circumstances of Force Majeure. A Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event: (a) notify the other Party of the nature and
extent of any such Force Majeure condition and (b) use due diligence to remove any such causes and resume performance under this Agreement as soon as reasonably practicable. 
 Section 12.21 Authorization. Each of the Parties hereby represents and warrants that it has the power and authority to execute, deliver and
perform this Agreement, that this Agreement has been duly authorized by all necessary corporate action on the part of such Party, that this Agreement constitutes a legal, valid and binding obligation of each such Party and that the execution,
delivery and performance of this Agreement by such Party does not contravene or conflict with any provision of law or of its charter or bylaws or any material agreement, instrument or order binding on such Party. 
 Section 12.22 No Third-Party Beneficiaries. Except as otherwise expressly provided in this Agreement, this Agreement is solely for the
benefit of the Parties and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. 
 Section 12.23 Construction. The Parties have participated jointly in the negotiation and drafting of this Agreement. This Agreement shall be
construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. 
 [Remainder of this page intentionally left blank.] 
  

 37 

 CONFIDENTIAL 
  

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the day and year
first above written. 
  

			
		 	DUKE ENERGY CORPORATION
		
	By:	 	/s/ James E. Rogers
	Name:	 	James E. Rogers
	Title:	 	President and Chief Executive Officer
		
		 	SPECTRA ENERGY CORP
		
	By:	 	/s/ Fred J. Fowler
	Name:	 	Fred J. Fowler
	Title:	 	President and Chief Executive Officer

 CONFIDENTIAL 
  

 EXHIBIT A 
 FORMER DUKE ENERGY EMPLOYEES 
 “Former Duke Energy Employee” shall include, as of the Distribution Date,
any individual listed below on this Exhibit A (which, in certain circumstances, includes surviving beneficiaries of employees). Any individual who is a Former Duke Energy Employee or Former Spectra Energy Employee who is not listed on this Exhibit A
or Exhibit B to this Agreement shall be treated as a Former Duke Energy Employee or Former Spectra Energy Employee, as the case may be, pursuant to the protocol described on Appendix A-1 to this Exhibit A. 
 Former Duke Energy Employees: 
 See attached list 

 CONFIDENTIAL 
  

 Appendix A-1 
 Otherwise unallocated former employees shall be based on their payroll company of last affiliation, as shown in Duke Energy benefit plan records, with the following refinements: 
  

	 	•	 	 If the participant has an employment status of Retired, Termed, Disabled, Bene, or QDRO and has a retiree conversion indicator (RCI) that indicates grandfathered
coverage in PanEnergy (RCIs of P1 through P4), Duke Power (RCIs of D1 through D4), or Nantahala P&L (RCIs of N1 through N4) predecessor retiree coverage then the participant would be assigned to Duke Energy or Spectra Energy based on the RCI
without regard to the payroll company of last affiliation. 

  

	 	•	 	 If the participant has an employment status of Survivor and the retiree conversion indicator (RCI) is S1 then the participant is assigned to Spectra Energy.

  

	 	•	 	 If the participant has an employment status of Retired, Termed, Disabled, Bene, or QDRO and has a retiree conversion indicator (RCI) that indicates Duke Energy
(RCIs of D5, S2, or Blank) and a payroll company indicating Spectra Energy (as shown on the list below) and a Business Unit indicating Spectra Energy (as shown on the listing below) or a Business Unit of Discontinued Operations (10044) then the
participant is assigned to Spectra Energy. 

  

	 	•	 	 If the participant has an employment status of Retired, Termed, Disabled, Bene, or QDRO and has a retiree conversion indicator (RCI) that indicates Duke Energy
(RCIs of D5, S2, or Blank) and a payroll company of 950 and a Business Unit indicating Spectra Energy (as shown on the list below) then the participant is assigned to Spectra Energy. 

  

	 	•	 	 If the participant has an employment status of Retired, Termed, Disabled, Bene, or QDRO and a retiree conversion indicator (RCI) indicating Duke Energy (RCIs of D5,
S2, or Blank) and any payroll company in the 900 range (excluding payroll company 950) with a Business Unit number indicating Discontinued Operations (10044) and the PanEnergy Company Name field is not blank then the participant is assigned to
Spectra Energy. 

  

	 	•	 	 If the participant has an employment status of Retired, Termed, Disabled, Bene, or QDRO and a retiree conversion indicator (RCI) indicating Duke Energy (RCIs of D5,
S2, or Blank) and a Business Unit indicating Corporate Governance (20013) or Shared Services (20044) then the participant must be reviewed manually and assigned to Duke Energy or Spectra Energy based on the alignment with a respective
business unit. 

  

	 	•	 	 If an individual who is a Former Duke Energy Employee or Former Spectra Energy Employee does not appear in the Duke Energy benefit plan records, such individual
will be allocated based on his or her payroll company of last affiliation in a manner consistent with the refinements described in the preceding bullets and the method otherwise applicable for determining inconsistencies as described in the
following provisions of this Appendix A-1. 

 Hewitt Associates will provide a report of inactive participants based on the criteria above.
Duke Energy’s Strategic Business Support Group will review the report to identify inconsistencies. The Strategic Business Support Group will have the responsibility for reviewing and reconciling the differences with Hewitt and Spectra Energy.
The following company numbers and business unit numbers will be considered as affiliated with Duke Energy and Spectra Energy respectively for the purpose of determining inconsistencies: 
  

	 	•	 	 Spectra Energy company numbers include: 

  

	 	•	 	 97 – Duke Energy Westcoast 

 CONFIDENTIAL 
  

	 	•	 	 700 – PanEnergy Services Limited Partnership 

  

	 	•	 	 701 – Pan Service Company 

  

	 	•	 	 705 – Duke Energy Operating Company 

  

	 	•	 	 710 – Panhandle Eastern Pipeline Co. 

  

	 	•	 	 715 – Texas Eastern Products Pipeline 

  

	 	•	 	 720 – Texas Eastern Transmission LP 

  

	 	•	 	 725 – Duke Energy Northeast Transmission Company 

  

	 	•	 	 730 – Duke Energy Field Services LP 

  

	 	•	 	 750 – Trunkline Gas Company 

  

	 	•	 	 751 – Trunkline LNG Company 

  

	 	•	 	 752 – Pan National Gas Sales Inc. 

  

	 	•	 	 753 – Algonquin Gas Transmission LLC 

  

	 	•	 	 Spectra Energy business unit numbers include: 

  

	 	•	 	 10004 – Algonquin Gas Transmission LLC 

  

	 	•	 	 10005 – Algonquin LNG, LP 

  

	 	•	 	 10032 – M&N Operating Company LLC 

  

	 	•	 	 10043 – Pan Service Company 

  

	 	•	 	 TBD – Spectra Energy Discontinued Operations (when combined with a Spectra Energy payroll company or a known PanEnergy predecessor company)

  

	 	•	 	 10045 – Duke Energy Field Services, Inc. 

  

	 	•	 	 10051 – Panenergy Services LP 

  

	 	•	 	 10053 – Panhandle Eastern Pipe Line Company 

  

	 	•	 	 10061 – Texas Eastern Products Pipeline 

  

	 	•	 	 10076 – Texas Eastern Transmission, LP 

  

	 	•	 	 10079 –Trunkline Gas Company 

  

	 	•	 	 10089 –Trunkline LNG Company 

  

	 	•	 	 10092 – DETTCO 

  

	 	•	 	 10155 – DE Southeast Pipeline 

  

	 	•	 	 10266 – East Tennessee Natural Gas LLC 

  

	 	•	 	 10419 – Moss Bluff Hub Partners, LP 

  

	 	•	 	 10420 – Egan Hub Storage, LLC 

  

	 	•	 	 10493 – Saltville Gas Storage Co., LLC 

  

	 	•	 	 10495 – Duke Energy Early Grove Co. 

  

	 	•	 	 10496 – DE Virginia Gas Pipeline Co. 

  

	 	•	 	 20013 – Corporate Governance (when the executive is aligned with a Spectra Energy business unit) 

  

	 	•	 	 20044 – Shared Services (when combined with a Spectra Energy payroll company or a known PanEnergy predecessor company) 

  

	 	•	 	 Duke Energy company numbers include 

  

	 	•	 	 30 – Nantahala Power & Light 

  

	 	•	 	 100 – Duke Energy Carolinas, LLC 

  

	 	•	 	 110 – Duke Energy Business Services, LLC 

  

	 	•	 	 120 – Duke Capital Partners, LLC 

 CONFIDENTIAL 
  

	 	•	 	 130 – Duke Energy Generation Services, LLC 

  

	 	•	 	 300 – Crescent Resources, LLC 

  

	 	•	 	 400 – Duke Engineering & Services, Inc. 

  

	 	•	 	 410 – Duke Project Services, Inc. 

  

	 	•	 	 420 – Intera, Inc. 

  

	 	•	 	 430 – DE&S Resources LLC 

  

	 	•	 	 440 – DE&S Northwest, Inc. 

  

	 	•	 	 450 – DukeSolutions, Inc. 

  

	 	•	 	 460 – Energy Delivery Services Inc. 

  

	 	•	 	 600 – Duke Energy Global Markets Inc. 

  

	 	•	 	 610 – DENA Asset Partners LP 

  

	 	•	 	 735 – DETMI Management, Inc. 

  

	 	•	 	 740 – DEM Management Partners LP 

  

	 	•	 	 Duke Energy business unit numbers include: 

  

	 	•	 	 20045 – Duke Energy Parent 

  

	 	•	 	 10010 – Crescent Resources Inc. 

  

	 	•	 	 10012 – Duke Project Services, Inc. 

  

	 	•	 	 10015 – Duke Engineering & Services, Inc. 

  

	 	•	 	 10020 – Dukenet Communications, Inc. 

  

	 	•	 	 10044 – Discontinued Operations (when combined with a Duke Energy payroll company or as a known Duke Energy predecessor company) 

 

	 	•	 	 10058 – DE Trading & Marketing, LLC 

  

	 	•	 	 10133 – Duke Energy International 

  

	 	•	 	 10276 – Duke Energy Merchants 

  

	 	•	 	 10284 – Fossil Hydro Generation Services 

  

	 	•	 	 10445 – DETM Contracts 

  

	 	•	 	 20013 – Corporate Governance 

  

	 	•	 	 20017 – Power Delivery 

  

	 	•	 	 20018 – Duke Power Company 

  

	 	•	 	 20028 – DEBS IT Services 

  

	 	•	 	 20038 – Oconee Station 

  

	 	•	 	 20044 – Shared Services (when combined with a Spectra Energy payroll company or a known PanEnergy predecessor company) 

  

	 	•	 	 20096 – Procurement & Construction Management 

  

	 	•	 	 30024 – Duke Energy North America, LLC 

  

	 	•	 	 30287 – Duke Energy Royal, LLC 

  

	 	•	 	 40002 – DukeSolutions - US 

  

	 	•	 	 40003 – Techtrol 

 If the company number or
business unit is blank, the Strategic Business Support Group will work with Hewitt to assign the individual to either Duke Energy or Spectra Energy. All inactive participants in the Hewitt TBA system will either be coded as Duke Energy or Spectra
Energy as of January 1, 2007, with an indicator on the TBA record. No history will be changed as a result of an individual’s identification as either a Duke Energy Former Employee or Spectra Energy Former Employee. 

 CONFIDENTIAL 
  

 EXHIBIT B 
 FORMER SPECTRA ENERGY EMPLOYEES 
 “Former Spectra Energy Employee” shall include, as of the Distribution
Date, any individual listed below on this Exhibit B (which, in certain circumstances, includes surviving beneficiaries of employees). Any individual who is a Former Duke Energy Employee or Former Spectra Energy Employee who is not listed on this
Exhibit B or Exhibit A to this Agreement shall be treated as a Former Duke Energy Employee or Former Spectra Energy Employee, as the case may be, pursuant to the protocol described on Appendix A-1 to Exhibit A to this Agreement. 
 Former Spectra Energy Employees: 
 See attached list

 CONFIDENTIAL 
  

 SCHEDULE A 
 DUKE ENERGY SEVERANCE PLANS 
 Duke Power Company Voluntary Separation Opportunity Plan for Employees Represented by
IBEW Local Union 962 (PN 562) 
 Duke Power Company Voluntary Separation Opportunity Plan for Employees Represented by IBEW Local Union 962 (Transportation)
(PN 563) 
 Duke/Cinergy Merger Integration Severance Benefits Plan (PN 561) 
 DENA Asset Partners, L.P. 2005-2008 Severance Benefits Plan (PN 551) 
 Cinergy Corp. Merger Severance Plan for Non-Union
Employees 
 Duke Energy Corporation Merger Severance Plan for Employees Represented by the International Brotherhood of Electrical Workers Union, Local
#1347 
 The Duke Energy Corporation 2003-2005 Severance Benefits Plan (PN 545) 
 The Duke Energy Gas Transmission 2003-2005 Severance Benefits Plan (PN 553) 
 The PanEnergy Services Limited 2003-2005
Severance Benefits Plan (PN 552) 
 The DETMI Management, Inc. 2003-2005 Severance Benefits Plan (PN 554) 
 The Duke Energy Global Markets, Inc. 2003-2005 Severance Benefits Plan (PN 550) 
 The Duke Energy Business Services LLC 2003-2005 Severance Benefits Plan (PN 546) 
 The Duke Project Services, Inc. 2003-2005 Severance Benefits
Plan (PN 548) 
 Duke Energy Corporation Merger Severance Plan for Employees Represented by the Utility Workers Union of America, Local Union #600

 CONFIDENTIAL 
  

 SCHEDULE B 
 DUKE ENERGY SRP 
 Duke Energy Corporation Executive Savings Plan I and II 
 Duke Energy Corporation Executive Cash Balance Plan I and II 
 Duke Energy
Corporation Directors’ Savings Plan I and II 
 Supplemental Retirement Plan for Employees of Duke Power Company 
 Duke Power Company Supplemental Security Plan 
 Duke Energy Corporation
Retirement Benefit Equalization Plan. 
 Duke Power Company Supplemental Retirement Plan 
 Crescent Resources Incentive Deferral Plan 

 CONFIDENTIAL 
  

 SCHEDULE C 
 FINANCED NONQUALIFIED PLANS 
 Duke Energy Corporation Executive Savings Plan I and II 
 Duke Energy Corporation Executive Cash Balance Plan I and II 
 Duke Energy
Corporation Directors’ Savings Plan I and II 
 Supplemental Retirement Plan for Employees of Duke Power Company 
 Duke Power Company Supplemental Security Plan 
 Duke Energy Corporation
Retirement Benefit Equalization Plan. 
 Duke Power Company Supplemental Retirement Plan 
 Crescent Resources Incentive Deferral Plan 
 Panhandle Eastern Corporation Executive Deferred Compensation Plan 

Panhandle Eastern Corporation Key Executive Deferred Compensation Plan 
 Panhandle Eastern Corporation Nonemployee Directors Retirement Plan 
 Panhandle Eastern Corporation 1982 Director’s Deferred Compensation Plan

 Panhandle Eastern Corporation Director’s Deferred Compensation Plan 
 Panhandle Eastern Corporation Retirement Benefit Equalization Plan 
 Panhandle Eastern Corporation Key Executive Retirement
Benefit Equalization Plan 
 Texas Eastern Deferred Income Program 
 Texas Eastern Supplemental Pension Plan 
 Texas Eastern Supplemental Retirement Plan 
 Texas Eastern Executive Service Supplemental Plan 
 Panhandle Eastern Corporation Executive Benefit Equalization Plan

 CONFIDENTIAL 
  

 Deferral Arrangement established under Agreement and Acknowledgment dated as of September 7, 2006, by and among
Arthur William Fields, Crescent Resources, LLC and Duke Energy Corporation. 
 For the avoidance of doubt, and notwithstanding any provision of
Section 6.2 of this Agreement to the contrary, (i) nonqualified deferred compensation plans of Cinergy Corp. and its Subsidiaries shall not be taken into account as Financed Nonqualified Plans for purposes of this Schedule C and all assets
held in a trust maintained in respect of such plans shall remain in a trust sponsored by a member of the Duke Energy Group, and (ii) nonqualified deferred compensation plans of Westcoast Energy Inc. and its Subsidiaries shall not be taken into
account as Financed Nonqualified Plans for purposes of this Schedule C and all assets held in a trust maintained in respect of such plans shall be transferred to the Spectra Energy Rabbi Trust. 

 CONFIDENTIAL 
  

 SCHEDULE D 
 RETIREMENT PLAN ASSET TRANSFER AMOUNT 
 ASSUMPTIONS AND VALUATION METHODOLOGY 
 The assumptions below represent safe harbor assumptions under Section 414(l) of the Code. 
  

			
	Determination Date	  	January 1, 2007.
		
	Data Source	  	January 1, 2007 census. No terminated non-vested participants shall be taken into account.
		
	Mortality Rates	  	
		
	 Healthy Participants
	  	1994 Group Annuity Mortality Table projected to year 2017 using Scale AA (published on the PBGC website).
		
	 Disabled Participants
	  	Table used for healthy participants set forward three years (published on the PBGC website).
		
	Withdrawal Rates	  	None assumed.
		
	Disability Rates	  	None assumed.
		
	Retirement Rates	  	100% at the PBGC expected retirement age.
		
	Interest (Discount) Rate	  	PBGC plan termination rates for January 2007. These rates will be published in early/mid December 2006.
		
	Interest Crediting Rate on Cash Balance Accounts	  	RCBP interest crediting rate for first quarter of 2007.
		
	Interest Rate to Convert Cash Balance Account to Normal Form	  	RCBP rate for conversions during 2007.
		
	Married Percentage	  	85%.
		
	Forms of Payment	  	Note that the elected form of payment is used for participants currently receiving benefits.
		
	 Retirement Benefits
	  	Single Life Annuity for single participants and 50% Joint and Survivor Annuity for married participants.
		
	 Pre-retirement Death Benefits
	  	Immediate Lump Sum.
		
	Spouse Ages	  	Wives are assumed to be three years younger than their husbands.

 CONFIDENTIAL 
  

			
	Benefit Limits	  	Benefits limited according to IRC §415 without projection. (The maximum single plan annuity at age 65 is $180,000 in 2007.)
		
	Compensation Limit	  	$225,000 without projection.
		
	Asset Valuation Method	  	Market value.
		
	Actuarial Cost Method	  	Unit Credit.
		
	Expense Load	  	 The sum of:
 (a)    $10,000
 (b)    $200 per participant
 (c)    a percentage of liability in excess of $200,000. The percentage is 1% + [(P% – 7.50%)/10] where P
is the initial interest rate used for the valuation of benefits.

		
	Miscellaneous	  	Plan liabilities determined without regard to additional opening balance credit that is subject to favorable IRS determination letter (and no assets shall be transferred to the Spectra Energy
Retirement Plan or otherwise to any member of the Spectra Energy Group in regard to liabilities attributable to such opening balance credit regardless whether it is the subject of a favorable IRS determination letter)

 CONFIDENTIAL 
  

 SCHEDULE E 
 OPEB/NONQUALIFIED PLAN ACTUARIAL ASSUMPTIONS 
  

	(a)	401(h) Accounts (Section 3.2(e)) 

 Liabilities shall be calculated
on an accumulated post-retirement benefit obligation basis as of January 1, 2007, in accordance with the actuarial assumptions that will be used by Duke Energy to determine such value for purposes of satisfying Duke Energy’s reporting
obligations under Statement of Financial Accounting Standard 106 as of January 1, 2007. It is presently expected that these assumptions are those set out in the attached Appendix E-1 to this Schedule E. 
 Duke Energy shall cause the Duke Energy Retirement Plan to transfer to the Spectra Energy Retirement Plan a portion of the Assets in the account maintained in the Duke
Energy Retirement Plan pursuant to Section 401(h) of the Code that, as determined under the first paragraph of this subsection (a), is equal to the proportion that the retiree medical benefit Liabilities in respect of Spectra Energy
Participants bears to the total retiree medical benefit Liabilities of Duke Energy Participants and Spectra Energy Participants. 
  

	(b)	VEBAs (Section 5.2) 

 Liabilities shall be calculated on an
accumulated post-retirement benefit obligation basis as of January 1, 2007, in accordance with the actuarial assumptions that will be used by Duke Energy to determine such value for purposes of satisfying Duke Energy’s reporting
obligations under Statement of Financial Accounting Standard 106 as of January 1, 2007. It is presently expected that these assumptions are those set out in the attached Appendix E-1 to this Schedule E. 
 The portion of the assets held pursuant to the Trust Agreement for Duke Energy Corporation Welfare Benefits Trust VEBA I that shall be allocated to the Spectra Energy
VEBA shall be equal to, as of the Distribution Date and as determined under the first paragraph of this subsection (b), (i) in the case of subaccount 1 thereunder (relating to retiree life Liabilities), the percentage that the retiree life
benefit Liabilities in respect of Spectra Energy Participants bears to the total retiree life benefit Liabilities of Duke Energy Participants and Spectra Energy Participants, (ii) in the case of subaccounts 2 and 3 thereunder (relating to
active medical and dental Liabilities), the percentage that the active medical and dental benefit Liabilities that are incurred in respect of Spectra Energy Participants and allocated to Spectra Energy as of the Distribution Date bears to the total
active medical and dental benefit Liabilities of Duke Energy Participants and Spectra Energy Participants (i.e., such that no portion of such subaccounts 2 and 3 shall be transferred to the Spectra Energy VEBA), (iii) in the case of
subaccount 4 thereunder (relating to long term disability Liabilities), the percentage that the long term disability benefit Liabilities in respect of Spectra Energy Participants bears to the total long term disability benefit Liabilities of Duke
Energy Participants and Spectra Energy Participants (i.e., such that the assets attributable to such subaccount 4 shall be transferred to the Spectra Energy VEBA in their entirety), and (v) in the case of subaccount 5 therunder (relating
to supplemental life insurance Liabilities), zero percent (0%) since no assets are attributable to such subaccount 5. 

 CONFIDENTIAL 
  

 The portion of the assets held pursuant to the Trust Agreement for Duke Energy Corporation Post-Retirement Medical
Benefits Trust VEBA II that shall be allocated to the Spectra Energy VEBA shall be equal to, as of the Distribution Date and as determined under the first paragraph of this subsection (b), the percentage that the retiree medical benefit Liabilities
in respect of Spectra Energy Participants bears to the total retiree medical benefit Liabilities of Duke Energy Participants and Spectra Energy Participants. 
  

	(c)	Retired Lives Reserve (Section 5.3) 

 Liabilities shall be
calculated on an accumulated post-retirement benefit obligation basis as of January 1, 2007, in accordance with the actuarial assumptions that will be used by Duke Energy to determine such value for purposes of satisfying Duke Energy’s
reporting obligations under Statement of Financial Accounting Standard 106 as of January 1, 2007. It is presently expected that these assumptions are those set out in the attached Appendix E-1 to this Schedule E. 
 The portion of the Duke Energy RLR that shall be allocated to Spectra Energy shall be equal to, as of the Distribution Date and as determined under the first paragraph
of this subsection (c), the proportion that the retiree life benefit Liabilities in respect of Spectra Energy Participants bears to the total retiree life benefit Liabilities of Duke Energy Participants and Spectra Energy Participants. 

 

	(d)	Financed Nonqualified Plans (Section 6.2) 

 Liabilities shall be
calculated on a projected benefit obligation basis as of January 1, 2007, in accordance with the actuarial assumptions that will be used by Duke Energy to determine such value for purposes of satisfying Duke Energy’s reporting obligations
under Statement of Financial Accounting Standard 87 as of January 1, 2007. It is presently expected that these assumptions are those set out in the attached Appendix E-2 to this Schedule E. 

 CONFIDENTIAL 
  

 Appendix E-1 
  

			
	Determination Date	  	January 1, 2007.
		
	Data Source	  	January 1, 2007 census.
		
	Mortality Rates	  	
		
	 Healthy Lives
	  	RP-2000 Combined Healthy Table projected to 2015 by scale AA.
		
	 Disabled Lives
	  	RP-2000 Combined Healthy Table projected to 2015 by scale AA.
		
	Withdrawal Rates	  	Rates by age and service as follows:

  

																			
	 	  	Length of Service	 
	Age	  	0	 	 	1	 	 	2	 	 	3	 	 	4	 	 	5+	 
	20–24	  	33	%	 	20	%	 	19	%	 	17	%	 	16	%	 	15	%
	25–29	  	25	%	 	19	%	 	18	%	 	15	%	 	14	%	 	10	%
	30–34	  	22	%	 	18	%	 	17	%	 	14	%	 	12	%	 	5.5	%
	35–39	  	20	%	 	17	%	 	16	%	 	13	%	 	11	%	 	3.5	%
	40–44	  	17	%	 	16	%	 	15	%	 	12	%	 	10	%	 	2.5	%
	45–49	  	16	%	 	15	%	 	14	%	 	11	%	 	8	%	 	2	%
	50–54	  	15	%	 	14	%	 	13	%	 	10	%	 	7	%	 	2	%

  

			
	Disability Rates	  	None assumed.
		
	Retirement Rates	  	Schedule by age.

  

				
	Age	  	Rate	 
	55	  	15.0	%
	56	  	5.0	%
	57	  	7.0	%
	58	  	9.0	%
	59	  	11.0	%
	60	  	13.0	%
	61	  	15.0	%
	62	  	40.0	%
	63	  	20.0	%
	64	  	20.0	%
	65	  	75.0	%
	66	  	20.0	%
	67	  	100.0	%

  

			
		
	 Interest (Discount) Rate
	  	Discount rate used to determine fiscal 2007 expense. This rate will be based on the 12/31/2006 interest rate environment and will not be finalized until early 2007.

 CONFIDENTIAL 
  

			
	Married Percentage	  	75%.
		
	Retiree Medical Plan Participation Rates (Future Retirees)	  	95%.
		
	Spouse Ages	  	Wives are assumed to be three years younger than their husbands.
		
	Actuarial Cost Method	  	Projected Unit Credit.
		
	Expense Load	  	Included in per capita amounts.

 CONFIDENTIAL 
  

 Per Capita Claims Costs 
  

							
	2007 Claims Total Cost
			
	Age	  	Duke Power
Pre-1992
Retirees	  	PanEnergy
Pre-1993
Retirees
	<55	  	$	9,885	  	 	N/A
	55–59	  	$	6,380	  	 	N/A
	60–64	  	$	6,288	  	 	N/A
	65–69	  	$	2,747	  	$	2,435
	70–74	  	$	3,236	  	$	2,705
	75–79	  	$	3,636	  	$	3,008
	80–84	  	$	4,078	  	$	3,289
	> 84	  	$	4,443	  	$	3,411

  

			
	Medicare Prescription Drug Reimbursements	  	 None for retirees with defined dollar subsidies.
  
 27% of post-65 prescription drug plan claims for other retirees.

  

							
	2007 Prescription Drug Claims Cost
			
	Age	  	Duke Power	  	Pan Energy
	<55	  	$	2,867	  	 	N/A
	55–59	  	$	1,850	  	 	N/A
	60–64	  	$	1,823	  	 	N/A
	65–69	  	$	1,487	  	$	1,477
	70–74	  	$	1,762	  	$	1,668
	75–79	  	$	1,982	  	$	1,869
	80–84	  	$	2,227	  	$	2,042
	>84	  	$	2,433	  	$	2,104

  

					
	Net Per Capita Annual Medical Trend Rates	 	 •        Medical
	  	

  

			
		
	 — Initial Rate (2007)
	  	8.50%
		
	 — Ultimate Rate
	  	5.00%
		
	 — Year Ultimate Rate Reached
	  	2014
	       (drops 0.50% per year)
	  	
		
	 •        Prescription Drug
	  	
		
	 — Initial Rate (2007)
	  	13.00%
		
	 — Ultimate Rate
	  	5.00%
		
	 — Year Ultimate Rate Reached
	  	2023

			
		 	        (drops 0.75% per year until 2022,
        then 0.25% per year in 2022)

  

			
	Net Per Capita Annual Company-Paid Dental Claims	  	Fiscal 2007 per capita costs were estimated to be $369.
	(Grandfathered Duke Plans Only)	  	
		
	Net Per Capita Annual Dental Trend Rates	  	Equals the discount rate.

 CONFIDENTIAL 
  

 Appendix E-2 
  

			
	Determination Date	  	January 1, 2007.
		
	Data Source	  	January 1, 2007 census.
		
	Mortality Rates	  	
		
	 Healthy Lives
	  	RP-2000 Combined Healthy Table projected to 2015 by scale AA.
		
	 Disabled Lives
	  	RP-2000 Combined Healthy Table projected to 2015 by scale AA.
		
	Withdrawal Rates	  	Rates by age and service as follows:

  

																			
	 	  	Length of Service	 
	Age	  	0	 	 	1	 	 	2	 	 	3	 	 	4	 	 	5+	 
	20–24	  	33	%	 	20	%	 	19	%	 	17	%	 	16	%	 	15	%
	25–29	  	25	%	 	19	%	 	18	%	 	15	%	 	14	%	 	10	%
	30–34	  	22	%	 	18	%	 	17	%	 	14	%	 	12	%	 	5.5	%
	35–39	  	20	%	 	17	%	 	16	%	 	13	%	 	11	%	 	3.5	%
	40–44	  	17	%	 	16	%	 	15	%	 	12	%	 	10	%	 	2.5	%
	45–49	  	16	%	 	15	%	 	14	%	 	11	%	 	8	%	 	2	%
	50–54	  	15	%	 	14	%	 	13	%	 	10	%	 	7	%	 	2	%

  

			
	Disability Rates	  	Rates by age. Sample rates include:

  

				
	 Age
	  	Rate	 
	 <=29
	  	0.08	%
	 30
	  	0.10	%
	 31
	  	0.11	%
	 32
	  	0.11	%
	 33
	  	0.12	%
	 34
	  	0.12	%
	 35
	  	0.13	%
	 36
	  	0.14	%
	 37
	  	0.15	%
	 38
	  	0.15	%
	 39
	  	0.16	%
	 40
	  	0.17	%
	 41
	  	0.19	%
	 42
	  	0.20	%
	 43
	  	0.22	%
	 44
	  	0.23	%
	 45
	  	0.25	%
	 46
	  	0.28	%
	 47
	  	0.32	%
	 48
	  	0.35	%
	 49
	  	0.39	%
	 50
	  	0.42	%
	 51
	  	0.49	%
	 52
	  	0.56	%
	 53
	  	0.62	%
	 54
	  	0.69	%
	 55
	  	0.76	%
	 56
	  	0.91	%
	 57
	  	1.06	%
	 58
	  	1.20	%
	 59
	  	1.35	%
	 >=60
	  	1.50	%

  

			
	Retirement Rates	  	Rates by age as follows:

  

				
	Age	  	Rate	 
	55	  	15	%
	56	  	5	%
	57	  	7	%
	58	  	9	%
	59	  	11	%
	60	  	13	%
	61	  	15	%
	62	  	40	%
	63	  	20	%
	64	  	20	%
	65	  	75	%
	66	  	20	%
	67	  	100	%

 CONFIDENTIAL 
  

			
	Interest (Discount) Rate	  	Discount rate used to determine fiscal 2007 expense. This rate will be based on the 12/31/2006 interest rate environment and will not be finalized until early 2007.
		
	Interest Crediting Rate on Cash Balance Accounts	  	Discount rate less 1.00%.
		
	Inflation Interest	  	Rate used to determine fiscal 2007 expense. This rate will be based on the 12/31/2006 economic environment and will not be finalized until early 2007.
		
	Salary Increases	  	Sample rates are as follows:

  

				
	Age	  	Annual
Increase	 
	<=25	  	12.0	%
	26	  	11.6	%
	27	  	11.2	%
	28	  	10.8	%
	29	  	10.4	%
	30	  	10.0	%
	31	  	9.6	%
	32	  	9.2	%
	33	  	8.8	%
	34	  	8.4	%
	35	  	8.0	%
	36	  	7.6	%
	37	  	7.2	%
	38	  	6.8	%
	39	  	6.4	%
	40	  	6.0	%
	41	  	5.9	%
	42	  	5.8	%
	43	  	5.7	%
	44	  	5.6	%
	45	  	5.5	%
	46	  	5.4	%
	47	  	5.3	%
	48	  	5.2	%
	49	  	5.1	%
	50	  	5.0	%
	51	  	4.9	%
	52	  	4.8	%
	53	  	4.7	%
	54	  	4.6	%
	55	  	4.5	%
	56	  	4.3	%
	57	  	4.1	%
	58	  	3.9	%
	59	  	3.7	%
	>=60	  	3.5	%

  

			
	 	  	Weighted Average is 5.00%
		
	Social Security	  	Future wage bases are assumed to increase at a rate of inflation plus 1.00% per year.
		
	Election of Lump Sums	  	100% of participants are assumed to elect a lump sum payment upon retirement. (The elected form of payment is used for participants currently receiving benefits.)

 CONFIDENTIAL 
  

			
	Married Percentage	  	85%.
		
	Spouse Ages	  	Wives are assumed to be 3 years younger than their husbands.
		
	Benefit Limits	  	 Benefits limited according to IRC §415 projected to increase with inflation.
 (The maximum single plan annuity at age 65 is $180,000 in 2007.)

		
	Compensation Limit	  	$225,000 projected to increase with inflation.
		
	Actuarial Cost Method	  	Projected Unit Credit.
		
	Administrative Expenses	  	None assumed.

 CONFIDENTIAL 
  

 SCHEDULE F 
 CERTAIN ANNUITY CONTRACTS 
 Prudential Group Annuity Contracts (GA-5875, GA-252 and GA-973) 
 American General Life Insurance Company (Case #GA 010) 
 The Variable
Annuity Life Insurance Company 

 CONFIDENTIAL 
  

 SCHEDULE G 
 DUKE ENERGY WELFARE PLANS 
 Duke Energy Health and Welfare Benefit Plans (as last amended and restated effective
January 1, 2006, and as subsequently amended), including the following components: 
 Duke Energy Medical Plan {PN 502} 
 Duke Energy Dental Plan {PN 506} 
 Duke Energy
Basic Life Insurance Plan {PN 505} 
 Duke Energy Long-Term Disability Insurance Plan {PN 524} 
 Duke Energy Business Travel Accident Insurance Plan {PN 513} 
 Duke Energy Basic, Supplemental & Dependent Accidental Death & Dismemberment Insurance Plan {PN 523} 
 Duke Energy Long-Term Care Insurance Plan {PN 510} 
 Duke Energy Cafeteria Plan – Medical Spending
Account {PN 512} 
 Duke Energy Cafeteria Plan – Dependent Care Spending Account 
 Employee Assistance Program {PN 514} 
 Duke
Energy Supplemental & Dependent Life Insurance Plan {PN 525} 
 Tuition Refund Program {PN 508} 
 Executive Physicals Program 

 CONFIDENTIAL 
  

 SCHEDULE H 
 SPECTRA ENERGY RETAINED SRP 
 Panhandle Eastern Corporation Executive Deferred Compensation Plan 
 Panhandle Eastern Corporation Key Executive Deferred Compensation Plan 
 Panhandle Eastern Corporation Nonemployee Directors Retirement Plan 
 Panhandle Eastern Corporation 1982 Director’s Deferred Compensation Plan

 Panhandle Eastern Corporation Director’s Deferred Compensation Plan 
 Panhandle Eastern Corporation Retirement Benefit Equalization Plan 
 Panhandle Eastern Corporation Key Executive Retirement
Benefit Equalization Plan 
 Texas Eastern Deferred Income Program 
 Texas Eastern Supplemental Pension Plan 
 Texas Eastern Supplemental Retirement Plan 
 Texas Eastern Executive Service Supplemental Plan 
 Panhandle Eastern Corporation Executive Benefit Equalization Plan

 CONFIDENTIAL 
  

 SCHEDULE I 
 STOCK VALUATION METHODOLOGY 
 FOR OPTION CONVERSION PURPOSES 
 Post-Distribution Duke Energy Stock Price 
 The Post-Distribution Duke
Energy Stock Price shall be the volume-weighted price per share of Duke Energy Common Stock on the first four days of trading on the NYSE beginning with the Distribution Date (or, if there is no such trading of Duke Energy Common Stock on the
Distribution Date, beginning with the first day of such trading after the Distribution Date). 
 Post-Distribution Spectra Energy Stock Price

 The Post-Distribution Spectra Energy Stock Price shall be the volume-weighted price per share of Spectra Energy Common Stock on the first four days of
trading on the NYSE beginning with the Distribution Date (or, if there is no such trading of Spectra Energy Common Stock on the Distribution Date, beginning with the first day of such trading after the Distribution Date). 

 CONFIDENTIAL 
  

 SCHEDULE J 
 LEGACY CINERGY ARRANGEMENTS RETAINED BY DUKE ENERGY 
 Qualified Retirement Plans 
  

	1.	Cinergy Corp. Non-Union Employees’ Pension Plan 

  

	2.	Cinergy Corp. Union Employees’ Pension Plan 

  

	3.	Cinergy Corp. Union Employees’ Retirement Income Plan 

  

	4.	Cinergy Corp. Non-Union Employees’ 401(k) Plan 

  

	5.	Cinergy Corp. Union Employees’ 401(k) Plan 

  

	6.	Cinergy Corp. Union Employees’ Savings Incentive Plan 

 Nonqualified Retirement Plans 
  

	1.	Cinergy Corp. Supplemental Executive Retirement Plan 

  

	2.	Cinergy Corp. Excess Pension Plan 

  

	3.	Cinergy Corp. 401(k) Excess Plan 

  

	4.	Cinergy Corp. Nonqualified Deferred Incentive Compensation Plan 

  

	5.	Cinergy Corp. Excess Profit Sharing Plan 

  

	6.	Cinergy Corp. Directors’ Deferred Compensation Plan 

 Welfare
Plans 
  

	1.	Cinergy Corp. Welfare Benefit Program 

  

	2.	Cinergy Corp. Employees’ Flexible Benefits Plan 

  

	3.	Cinergy Corp. Post-Retirement Health Reimbursement Account Program 

  

	4.	Cinergy Corp. Merger Severance Plan for Non-Union Employees 

  

	5.	Duke Energy Corporation Merger Severance Plan for Employees Represented by the Utility Workers Union of America, Local Union #600 

  

	6.	Duke Energy Corporation Merger Severance Plan for members of the International Brotherhood of Electrical Workers Union, Local #1347 

 Incentive Plans 
  

	1.	Cinergy Corp. Non-Management Annual Incentive Plan (AIP 2004) 

  

	2.	Cinergy Corp. Commercial Business Unit Annual Incentive Plan 

  

	3.	Cinergy Corp. Call Center East Incentive Plan 

  

	4.	Cinergy Corp. Call Center West Incentive Plan 

  

	5.	Cinergy Corp. 1996 Long-Term Incentive Compensation Plan 

  

	6.	Cinergy Corp. Union Employees Incentive Plan 

  

	7.	Trigen-Cinergy Solutions of Ashtabula Incentive Plan 

  

	8.	Cinergy Solutions Incentive Plan (CSIP) 

  

	9.	Cinergy Solutions Green Power (Texas City Plant) Incentive Plan 

  

	10.	St. Bernard Cinergy Solutions Incentive Plan 

  

	11.	Trigen-Cinergy Solutions of Rochester LLC Incentive Plan 

 CONFIDENTIAL 
  

	12.	Trigen-Cinergy Solutions of Rochester LLC Team Lead Discretionary Annual Incentive Plan 

  

	13.	Trigen-Cinergy Solutions of Rochester LLC Management Annual Incentive Plan 

  

	14.	Tuscola Plant Incentive Plan 

  

	15.	Cinergy Solutions of San Diego Incentive Plan 

  

	16.	Cinergy Solutions of Texas City Incentive Plan 

  

	17.	Trigen-Cinergy Solutions of Green Power Incentive Plan 

  

	18.	Cinergy Solutions of Tuscola Incentive Plan 

 CONFIDENTIAL 
  

 SCHEDULE K 
 LEGACY WESTCOAST ARRANGEMENTS RETAINED BY SPECTRA ENERGY 
 Qualified Retirement Plans 
  

	1.	Pension Choices Plan for Employees of Westcoast Energy Inc. and Affiliated Companies 

  

	2.	Westcoast Energy Inc. Employees’ Retirement Plan 

  

	3.	Union Gas Management & Supervisory Pension Plan 

  

	4.	Union Gas Pension Plan for Salaried Employees Formerly Employed by Centra Gas Inc. 

  

	5.	Union Gas Bargaining Unit Pension Plan 

  

	6.	Union Gas Pension Plan – Group One 

  

	7.	Union Gas Pension Plan – Group Three 

  

	8.	Westcoast Energy Group 401(k) Plan 

  

	9.	Engage Energy America LLC 401(k) Plan 

 Nonqualified Retirement Plans

  

	1.	Duke Energy Maximum Pension Limits Plan 

  

	2.	Duke Energy Supplemental Executive Retirement Plan 

 Welfare Plans 

  

	1.	DEGT Canada Choices Actives’ Benefits Plan 

  

	2.	DEGT Canada Traditional Actives’ Benefits Plan 

  

	3.	DEGT Canada New (2004) Benefits Plan 

  

	4.	DEGT Canada Traditional Retirees’ Benefits Plan 

 Equity
Compensation Plans 
  

	1.	Westcoast Energy Inc. 2006 Long-Term Incentive Plan 

  

	2.	Westcoast Energy Inc. Employee Savings Plan 

  

	3.	DEGT Canada Employee Savings Plan 

  

	4.	Westcoast Energy Inc. Executive Share Purchase Plan 

  

	5.	Duke Energy Income Fund Commercial Trust (Independent Trustees’ Compensation)

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