HOUSTON, TEXAS AND CALGARY, ALBERTA--(Marketwire - April 1, 2009) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced it will conduct a non-binding Open Season beginning April 13, 2009, for an interstate pipeline to transport natural gas from Carthage, Texas, to Washington Parish in Southeastern Louisiana.
The proposed LaCrosse Pipeline, which would run from Enbridge's Carthage Hub to an interconnection with Sonat Pipeline in Washington Parish, Louisiana, would include approximately 300 miles of 42- and 36-inch diameter pipe.
The pipeline would interconnect with at least five to six major interstate pipelines along this route and could include up to as many as 12 pipeline interconnections, depending on shipper interest. Enbridge also is exploring the possibility of extending the pipeline to Florida Gas Transmission's Station 10 near Wiggins, Mississippi. The proposed project is expected to be completed in late 2011 or early 2012.
"We anticipate this pipeline could move at least 1 billion cubic feet/day (bcf/d) of natural gas from the Carthage area and the Enbridge Carthage Hub and the Haynesville Shale producing basin to various interconnections with market-area pipelines located across Louisiana. This pipeline would also provide outlets for the Fort Worth and East Texas producing basins," said Patrick D. Daniel, President and Chief Executive Officer, Enbridge Inc. "The Haynesville Shale is one of the most active gas plays in the United States. Our proposed LaCrosse Pipeline provides a creative and flexible solution to relieve market constraints affecting producers in the booming region."
The non-binding Open Season will run through May 15, 2009. Information received during the non-binding Open Season will be used to finalize design and final capacity for the proposed project.
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Potential shippers desiring further information should contact:
Steve Marsh Mark DeRusse
(713) 821-2084 (713) 821-6195
steve.marsh@enbridge.com mark.derusse@enbridge.com
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About Enbridge
Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North America and internationally. 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. 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. Enbridge's common shares trade on the Toronto Stock Exchange in Canada and on the New York Stock Exchange in the U.S. under the symbol ENB. Information about Enbridge is available on the Company's web site at www.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
Email: usmedia@enbridge.com
or
Enbridge Inc. - Canada
Jennifer Varey
Media
(403) 508-6563 or Toll Free: 1-888-992-0997
Email: jennifer.varey@enbridge.com
or
Enbridge Inc.
Vern Yu
Investment Community
(403) 231-3946
Email: vern.yu@enbridge.com
Website: www.enbridge.com