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"We see value in aligning our commercial and operations accountability so we can be more responsive to all factors affecting the performance and growth of our business, and the satisfaction of our customers," said Thomas C. O'Connor, chairman, CEO, and president of DCP Midstream. "I have selected two long-time DCP Midstream leaders to head our newly created northern and southern business units. Both have a solid knowledge of our assets and customers, and are well known in the industry."

DCP Midstream's northern and southern business units together comprise 53 owned or operated plants, 10 fractionators, and approximately 60,000 miles of gathering and transmission pipeline.

DCP Midstream is pleased to announce the leadership of its two newly created business units.

   Northern Business Unit, led by President William Waldheim:   Bill Gifford, vice president, mid-continent   Denny Dean, vice president, area operations, mid-continent   Greggory Smith, vice president, north and Gulf Coast   Joe Kuchinski, vice president, area operations, north    Southern Business Unit, led by President Richard A. Cargile   Brian Frederick, vice president, east   Richard Rehm, vice president, area operations, east   David Garrett, vice president, west   Ronnie Trammell, vice president, area operations, west   

Additionally, Robert P. Reed, vice president, will be accountable for natural gas/natural gas liquids marketing.

DCP Midstream, LLC, headquartered in Denver, Colorado, leads the midstream segment as one of the nation's top three largest natural gas gatherers and processors, and the largest natural gas liquids producer and one of the largest marketers in the U.S. DCP Midstream operates in 17 states across producing regions. DCP Midstream is a 50:50 joint venture between Spectra Energy and ConocoPhillips. The Company owns the General Partner of DCP Midstream Partners, LP, a master limited partnership, and provides operational and administrative support to the partnership. For more information, visit the DCP Midstream, LLC Web site at http://www.dcpmidstream.com/.

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DCP Midstream, LLC

CONTACT: Roz Elliott of DCP Midstream, LLC, +1-303-605-1707, or 24 Hour,+1-303-882-1703

Web Site: http://www.dcpmidstream.com/

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