News Releases

CALGARY, ALBERTA--(Marketwire - June 28, 2010) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) announced today that it has entered into shipper commitments totaling 229,000 barrels per day of capacity on the Waupisoo Pipeline, part of Enbridge's Regional Oil Sands System. Enbridge will undertake an approximately $400 million expansion of the Waupisoo Pipeline to its maximum capacity in order to accommodate these commitments, which include the additional volumes announced in February 2010. 

The Waupisoo Pipeline expansion program will provide approximately 65,000 bpd of additional capacity in the second half of 2012 and a further approximately 190,000 bpd when fully in service in the second half of 2013. The new commitments allow for a three-year ramp up to the full commitment amount, with a corresponding ramp up in revenue to Enbridge. 

"This expansion is the latest in a series of contracts and projects Enbridge has secured over the past year, adding approximately $1 billion to our total secured investment opportunities in this corridor," said Patrick D. Daniel, President and Chief Executive Officer. "The Waupisoo expansion program will begin to contribute to our growth in earnings per share by 2013, and increasingly thereafter as the volumes increase to the full commitment levels. Based on development activity underway within the oil sands on both existing and new projects, together with our strong competitive position as the largest operator in the region, we expect to see continued attractive investment opportunities of this sort for some time to come".

Enbridge Inc., a Canadian company, is a North American leader in delivering energy and one of the Global 100 Most Sustainable Corporations. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 6,000 people, primarily in Canada and the U.S., and is ranked as one of Canada's Greenest Employers, and one of the Top 100 Companies to Work for in Canada. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit enbridge.com.

Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Enbridge believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties pertaining to operating performance, regulatory parameters, weather, economic conditions and commodity prices. You can find a discussion of those risks and uncertainties in our Canadian securities filings and American SEC filings. While Enbridge makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Except as may be required by applicable securities laws, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.