Summary of DCP MIDSTREAM PARTNERS, LP

Item 5.02 Departure of Directors or Principal Officers; Election of Directors

On October 16, 2008, DCP Midstream Partners, LP (the "Partnership") issued a press release announcing the resignation of Willie C.W. Chiang and Sigmund L. Cornelius as directors of the Board of Directors of the Partnership's ultimate general partner, DCP Midstream GP, LLC (the "General Partner") and the appointment of John E. Lowe and Gregory J. Goff to the Board of Directors, effective October 16, 2008. There were no disagreements between Messrs. Chiang or Cornelius and the Partnership regarding any matter or relating to the Partnership's operations, policies or practices.

Mr. Lowe currently serves as assistant to the Chief Executive Officer of ConocoPhillips, an affiliate of the General Partner and Mr. Goff currently serves as Senior Vice President, Commercial of ConocoPhillips. There is no arrangement or understanding between either Mr. Lowe or Mr. Goff and any other persons pursuant to which they were selected as a director. The Board of Directors of the General Partner did not name Mr. Lowe or Mr. Goff to any committees of the Board of Directors at this time.

The General Partner serves as the ultimate general partner of the Partnership, holding a general partner interest in the Partnership. DCP Midstream, LLC currently owns 100% of the General Partner, which allows it to control the Partnership, and owns a 28.8% limited partner interest in the Partnership. DCP Midstream, LLC is a joint venture equally owned by Spectra Energy Corp. and ConocoPhillips. For relationships between the Partnership, the General Partner, DCP Midstream, LLC and its affiliates, please read Item 13 "Certain Relationships and Related Transactions, and Director Independence", which is incorporated herein by reference from the Partnership's annual report on Form 10-K, filed with the Securities and Exchange Commission on March 10, 2008.

The press release announcing these changes is attached hereto as Exhibit 99.1.