Protest of ConocoPhillips Company and Conditional Request for an Evidentiary Hearing under CP13-84.

! ! ! ! ! ! ! ! ! EXHIBIT!E! BUSINESS OUTLOOK & 2013 FINANCIAL PLAN Spectra Energy: Moving Ahead, Gaining Momentum January 16, 2013 Safe Harbor Statement Some of the statements in this document concerning future company performance will be forward-looking within the meanings of the securities laws. Actual results may materially differ from those discussed in these forward-looking statements, and you should refer to the additional information contained in Spectra Energys Form 10-K and other filings made with the SEC concerning factors that could cause those results to be different than contemplated in today's discussion. Reg G Disclosure In addition, todays discussion includes certain non-GAAP financial measures as defined under SEC Regulation G. A reconciliation of those measures to the most directly comparable GAAP measures is available on our website. Moving Ahead, Gaining Momentum Spectra Energy Corp | 2 Agenda Welcome John Arensdorf Chief Communications Officer Business Outlook Greg Ebel President & CEO U.S. Transmission Bill Yardley President, U.S. Transmission & Storage Western Canada Mark Fiedorek President, SE Transmission West DCP Midstream Wouter van Kempen President & CEO, DCP Midstream Financial Overview Pat Reddy Chief Financial Officer Investment Considerations Greg Ebel President & CEO Q&A Management Team Moving Ahead, Gaining Momentum Spectra Energy Corp | 3 BUSINESS OUTLOOK & 2013 FINANCIAL PLAN Spectra Energy: Moving Ahead, Gaining Momentum Greg Ebel President & CEO 2012 Highlights Continued strong operational, safety, and reliability track record Expanded the total portfolio via project execution and acquisitions Leveraging asset footprint to capture incremental growth Expansion into complementary crude oil transportation segment Realized significant CapEx growth at DCP Midstream Created MLP drop-down backlog Sand Hills/Southern Hills Express-Platte System $0.10 dividend growth supported by strong fee-based earnings Moving Ahead, Gaining Momentum Spectra Energy Corp | 5 Spectra Energy 2013 2014 Priorities Ongoing focus: operations, safety, reliability, cost management, and origination to support the base business Earn $1.50 ongoing EPS in 2013 Continue strong project execution Secure contracts supporting next phase of growth Realize valuation uplift from drop-downs to SEP and DPM Deliver at least $0.08 dividend growth per year US Transmission Western Canada Field Services Union Gas Liquids NJ-NY Expansion Dawson II Sand Hills Long-term Express-Platte OPEN North Montney Southern Hills incentive rate closing, NEXUS framework integration, & Empress G&P optimization AIM rationalization Equity thickness Full value chain Incremental crude Renaissance LNG exports logistics company Supply diversification oil logistics Florida opportunities Montney NGLs Gulf Coast LNG Dawn/Trafalgar Storage expansion Moving Ahead, Gaining Momentum Spectra Energy Corp | 6