TORONTO, ONTARIO--(Marketwire - July 20, 2007) - The Ontario Municipal Board (OMB) and the Ontario Ministry of the Environment have removed the final hurdles for construction of Enbridge's (TSX:ENB) (NYSE:ENB) wind power project in Bruce County. The project is expected to produce 182 MW of electricity and, on completion, be one of the largest wind power projects in Canada.
The OMB ruled in favour of the project and the Ministry of the Environment has indicated that the project is compliant with its noise guidelines.
"Enbridge has a long history of serving customers with dependable energy and delivering conservation programs in Ontario," said Al Monaco, President of Enbridge Gas Distribution and responsible for Enbridge's operations in Ontario. "We are extremely pleased to be moving ahead with a renewable energy project that further illustrates our commitment to sustainability and, at the same time, will help address the province's electricity needs."
"I am very pleased that there has been public input into this project and that it is now moving forward," said Carol Mitchell, MPP Huron-Bruce. "This is a very exciting project which will create much needed green energy as this riding already produces 25 per cent of the province's clean, renewable energy."
"This project will deliver clean, renewable energy in Ontario, which will help diversify our electricity supply mix and enhance air quality throughout the province," said Ontario's Energy Minister, the Honourable Dwight Duncan. "The McGuinty government is delivering on its promise to increase the amount of renewable energy in Ontario."
"The community has been firmly behind this project throughout the process and we have worked hard to listen to and address the needs of stakeholders," said Bob Simpson, General Manager, Enbridge Ontario Wind Power. "The people of this area understand the value and importance of clean, renewable power and they have been extraordinarily supportive. We look forward to continuing to work with them as the project proceeds."
Enbridge Ontario Wind Power L.P. is owned by Enbridge Inc. 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 United States, the world's longest crude oil and liquids pipeline system. The Company also has international operations and 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 5,000 people, primarily in Canada, the United States and South America. The Company also has investments in wind power and fuel cell projects. Enbridge's common shares trade on the Toronto Stock Exchange in Canada and on the New York Stock Exchange in the United States under the symbol ENB. Information about Enbridge is available on the Company's website 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.
Debbie Boukydis
Media: Director, Public and Government Affairs
(416) 495-5682
Email: debbie.boukydis@enbridge.com
or
Enbridge Inc.
Anu Phatak
Investment Community
(403) 231-5942
Email: anu.phatak@enbridge.com
Website: www.enbridge.com