Edgar Filing: Baker Stephen W

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 Baker Stephen W

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2010

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)
Vice President and Treasurer

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	4,159	D ⁽¹⁾	Â
Common Stock	2,176	I ⁽²⁾	By Spouse
Common Stock	2,660	I ⁽³⁾	By Spouse
Common Stock	7,319	I ⁽³⁾	By Trustee
Common Stock	179	I ⁽⁴⁾	By Trustee
Common Stock	3,128	I ⁽⁵⁾	By Trustee

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)
Employee Stock Option (Right to Buy)	04/25/2000	04/25/2010	Common Stock	424	$ 17.7	D	Â
Employee Stock Option (Right to Buy)	02/16/2001	02/16/2011	Common Stock	616	$ 23.64	D	Â
Employee Stock Option (Right to Buy)	02/12/2002	02/12/2012	Common Stock	2,274	$ 28.87	D	Â
Employee Stock Option (Right to Buy)	02/25/2003	02/25/2013	Common Stock	2,500	$ 11.86	D	Â
Employee Stock Option (Right to Buy)	02/27/2007	02/27/2017	Common Stock	13,500	$ 25.64	D	Â
Ltip Phantom Stock Grant	02/23/2013⁽⁶⁾	Â ⁽⁸⁾	Common Stock	4,300	$ ⁽⁷⁾	D	Â
Ltip Phantom Stock Grant Apr 2006	04/04/2011	Â ⁽⁸⁾	Common Stock	177	$ ⁽⁷⁾	D	Â
Ltip Phantom Stock Grant Feb 2008	02/26/2011⁽⁶⁾	Â ⁽⁸⁾	Common Stock	3,800	$ ⁽⁷⁾	D	Â
Ltip Phantom Stock Grant Feb 2009	02/24/2012⁽⁶⁾	Â ⁽⁸⁾	Common Stock	5,000	$ ⁽⁷⁾	D	Â
Performance Shares	02/23/2013⁽⁶⁾	Â ⁽⁸⁾	Common Stock	4,600	$ ⁽⁷⁾	D	Â
Performance Shares Feb 2009	02/24/2012⁽⁶⁾	Â ⁽⁸⁾	Common Stock	5,400	$ ⁽⁷⁾	D	Â
Performance Shares Grant Feb 2008	02/26/2011⁽⁶⁾	Â ⁽⁸⁾	Common Stock	4,100	$ ⁽⁷⁾	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Baker Stephen W 5400 WESTHEIMER COURT HOUSTON,Â TXÂ 77056	Â	Â	Â Vice President and Treasurer	Â

Signatures

/s/ Beverly J. Fite, attorney-in-fact for Stephen W. Baker		04/09/2010
^**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)	Total includes 167 shares in RRSP (Canadian Retirement Savings Plan)
(2)	Shares held in RRSP (Canadian Retirement Savings Plan)
(3)	Shares in EPSP (Canadian Employee Savings Plan)
(4)	Shares in RESP (Canadian Education Plan for Children)
(5)	Ancillary defined benefit plan.
(6)	Cliff vests 3 years from date of grant.
(7)	Converts to Common Stock on a 1 to1 basis.
(8)	Expiration Date Not Applicable.

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