DENVER, Oct. 29 /PRNewswire/ -- DCP Midstream, LLC today announced the appointment of Thomas C. O'Connor as chairman, president and chief executive officer of the company, effective November 15, 2007. Tom O'Connor is currently group executive and president of commercial businesses for Duke Energy. O'Connor replaces Bill Easter who earlier this week announced his intent to retire effective January 1, 2008. Easter will work with O'Connor during the transition period. "I'm pleased to be returning to the natural gas business and to lead DCP Midstream, a company for which I have had great admiration over the years. DCP is a leader in the midstream industry and under Bill's leadership has been well positioned for continued growth and solid operating performance," said O'Connor. "Our achievements at DCP Midstream over the last four years have been extremely rewarding. It's been a dramatic period in the industry and within the company, and I am confident Tom will continue to advance our strong performance and growth," said Easter. O'Connor's career includes more than 23 years in the natural gas industry and he has extensive experience in the midstream energy sector having formerly served as president and chief executive officer of Duke Energy's former natural gas business now known as Spectra Energy Transmission. In January 2007, Duke Energy spun off its natural gas business including its 50 percent interest in DCP Midstream to form a new public traded company, Spectra Energy. DCP Midstream, LLC, headquartered in Denver, Colorado, leads the midstream segment as one of the nation's largest natural gas gatherers and processors, and one of the largest natural gas liquids producers and marketers in the U.S. DCP Midstream operates in 16 States across seven 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 manages and operates its assets in Colorado, Louisiana, Texas, Wyoming and the northeast U.S. DATASOURCE: DCP Midstream, LLC CONTACT: Roz Elliott, +1-303-605-1707, or 24-Hour: +1-303-882-1703, for DCP Midstream, LLC

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