HOUSTON, TEXAS AND CALGARY, ALBERTA--(Marketwire - Nov. 13, 2009) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced it will conduct a binding Open Season beginning Friday, November 13, 2009, for its LaCrosse pipeline designed to transport natural gas from Carthage, Texas, to multiple delivery points in Southeastern Louisiana.
Construction of the proposed 340-mile LaCrosse Pipeline will occur in two phases. In Phase I, Enbridge will construct and place in service the 42- and 36-inch pipeline segments from the Enbridge Carthage Hub to Point Coupee Parish, Louisiana and a 24-inch segment extending from Point Coupee Parish to Petrologistics, LLC's Choctaw Storage facility in Iberville Parish, Louisiana. In Phase II, LaCrosse Pipeline will construct and place in service the pipeline segment from Point Coupee Parish, Louisiana to an interconnection with Southern Natural Gas Company in Washington Parish, Louisiana. The planned in-service dates will be phased to meet customer needs starting January 2012 through March 2013.
"We are in the process of negotiating third party agreements that will bring total capacity commitments to exceed 1.0 billion cubic feet per day (bcf/d), and have additional indications of interest that could exceed 1.3 bcf/d," said Terrance L. McGill, President, Enbridge Energy Company, Inc. "We have also secured engineering and environmental firms and survey permission from more than 80 percent of affected landowners. We are moving forward to initiate regulatory approvals including application to U.S. Federal Energy Regulatory Commission (FERC), and expect to place Phase 1 of the LaCrosse Pipeline in service during the first quarter of 2012."
The binding Open Season will run through Monday, November 23, 2009. Information received during the binding Open Season will be used to finalize design and final capacity for the proposed project. Capacity for those parties who have already executed precedent agreements will be preserved under those agreements and will not be subject to allocation.
To participate in the Open Season, interested parties should visit the LaCrosse Pipeline website (lacrosse.enbridgeus.com) and follow the link to Shipper Documents to find the Precedent Agreement and the Open Season Procedures. Contact any of the following individuals for more information and the Rate Matrix.
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Darlene Clark Mark DeRusse
(713) 821-3357 (713) 821-6195
darlene.clark@enbridge.com mark.derusse@enbridge.com
Steve Marsh Jim Hart
(713) 821-2084 (713) 821-2158
steve.marsh@enbridge.com Jim.hart@enbridge.com
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About Enbridge
Enbridge Inc., a Canadian company, is a North American leader in delivering energy. 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 was named one of Canada's Ten Best Places to Work in 2009. 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.
For more information please contact:
Enbridge Inc. - U.S.
Terri Larson
Media
(713) 353-6317 or Toll-Free: 1-877-496-8142
usmedia@enbridge.com
or
Enbridge Inc. - Canada
Jennifer Varey
Media
(403) 508-6563 or Toll Free: 1-888-992-0997
jennifer.varey@enbridge.com
or
Enbridge Inc.
Vern Yu
Investment Community
(403) 231-3946
vern.yu@enbridge.com
www.enbridge.com