Edgar Filing: Spectra Energy Corp.

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Ables Dorothy M

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2008

3. Issuer Name and Ticker or Trading Symbol
Spectra Energy Corp. [SE]

(Last)

(First)

(Middle)

5400 WESTHEIMER COURT

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chief Administrative Officer

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

HOUSTON,Â TXÂ 77056

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	37,077.5082 ⁽¹⁾	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Phantom Stock ESP l	Â ⁽²⁾	Â ⁽³⁾	Common Stock	1,469.7744	$ ⁽⁴⁾	I	By Trustee Executive Savings Plan
Phantom Stock ESP ll	Â ⁽²⁾	Â ⁽³⁾	Common Stock	931.034	$ ⁽⁴⁾	I	By Trustee Executive Savings Plan
LTIP Phantom Stock Grant Feb 2005	Â ⁽⁵⁾	Â ⁽³⁾	Common Stock	1,224	$ ⁽⁴⁾	D	Â
LTIP Phantom Stock Grant Apr 2006	Â ⁽⁶⁾	Â ⁽³⁾	Common Stock	1,347	$ ⁽⁴⁾	D	Â
Performance Shares Apr 2006	04/04/2009	Â ⁽³⁾	Common Stock	3,370	$ ⁽⁴⁾	D	Â
LTIP Phantom Stock Grant Feb 2007	02/27/2010	Â ⁽³⁾	Common Stock	5,800	$ ⁽⁴⁾	D	Â
LTIP Phantom Stock Grant Feb 2008	02/26/2011	Â ⁽³⁾	Common Stock	4,800	$ ⁽⁴⁾	D	Â
Performance Shares Feb 2008	02/26/2008	Â ⁽³⁾	Common Stock	5,200	$ ⁽⁴⁾	D	Â
Employee Stock Option (Right to Buy)	01/02/2007	02/17/2009	Common Stock	6,100	$ 25.53	D	Â
Employee Stock Option (RIght to Buy)	01/02/2007	12/20/2009	Common Stock	6,400	$ 21.42	D	Â
Employee Stock Option (Right to Buy)	01/02/2007	12/20/2010	Common Stock	7,400	$ 36.86	D	Â
Employee Stock Option (Right to Buy)	01/02/2007	12/19/2011	Common stock	7,950	$ 32.44	D	Â
Employee Stock Option (Right to Buy)	01/02/2007	01/17/2012	Common Stock	5,250	$ 33	D	Â
Employee Stock Option (Right to Buy)	02/27/2009	02/27/2017	Common Stock	22,268	$ 25.64	D	Â
Employee Stock Option (Right to Buy)	01/02/2007	02/25/2013	Common Stock	10,400	$ 11.86	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Ables Dorothy M 5400 WESTHEIMER COURT HOUSTON,Â TXÂ 77056	Â	Â	Â Chief Administrative Officer	Â

Signatures

Beverly J. Fite as Attorney-in-Fact for Dorothy M. Ables.		11/10/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Includes 13881.620588 shares held by Trustee, Retirement Savings Plan.
(2)	Payable upon termination of employment or occurence of other events as specified in the Spectra Energy Corp Executive Savings Plan, subject to holding periods required by law.
(3)	Expiration date not applicable.
(4)	Converts to Common Stock on a 1-for-1 basis.
(5)	The Phantom Shares vest in 2 annual installments beginning February 2009.
(6)	The phantom shares vest in three annual installments beginning April 2009.

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