2013-01-28 15:15:43 -

DCP MIDSTREAM PARTNERS DECLARES
                       INCREASE IN QUARTERLY DISTRIBUTION

DENVER - Jan. 28, 2013 - DCP Midstream Partners, LP (NYSE: DPM) today announced
that the board of directors of its general partner declared a quarterly cash
distribution of $0.69 per unit for the quarter ended December 31, 2012. This
represents an increase of 1.5 percent over the last quarterly distribution of
$0.68 per unit paid November 14, 2012. The quarterly cash distribution will be
paid February 14, 2013, to unitholders of record at the close of business
February 7, 2013. This quarterly distribution equates to $2.76 per unit on an
annual basis.

DCP Midstream Partners, LP (NYSE: DPM)   is a midstream master limited partnership
engaged in the business of gathering, compressing, treating, processing,
transporting, storing and selling natural gas; producing, fractionating,
transporting, storing and selling NGLs and condensate; and transporting, storing
and selling propane in wholesale markets. DCP Midstream Partners, LP is managed
by its general partner, DCP Midstream GP, LLC, which is wholly owned by DCP
Midstream, LLC, a joint venture between Spectra Energy and Phillips 66. For more
information, visit the DCP Midstream Partners, LP website at www.dcppartners.com




DCP Midstream Partners, LP
Media and Investor Relations Contact:
Jonni Anwar
303-605-1868
24-Hour: 303-887-5419
www.dcppartners.com




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Source: DCP Midstream Partners LP via Thomson Reuters ONE
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