TORONTO, ONTARIO--(Marketwire - June 12, 2007) - Enbridge Gas Distribution Inc. (TSX:ENB)(NYSE:ENB), on July 9, 2007 will redeem all of its outstanding 10.60% Debentures maturing July 6, 2012, for a price of 101.67% of the principal amount plus accrued and unpaid interest for the period following the next upcoming interest payment date, on July 6, 2007.
As of the redemption date, interest will cease to accrue. The redemption price and accrued interest will be credited to the accounts of beneficial holders through their individual brokers. Beneficial holders may contact their individual brokers for additional information about payments.
The 10.60% Debentures are not listed for trading on any stock exchange and were originally issued in July 1987 by Enbridge Gas Distribution Inc. (formerly named The Consumers' Gas Company Ltd.).
Enbridge Gas Distribution has an almost 160-year history and is Canada's largest natural gas distribution company. Enbridge Gas Distribution is owned by Enbridge Inc., a Canadian-based company that is a leader in energy transportation and distribution in North America and internationally. Enbridge provides distribution services to 1.8 million customers in the provinces of Ontario, Quebec and New Brunswick, and in New York State. 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.