HOUSTON, TEXAS and CALGARY, ALBERTA--(CCNMatthews - Feb. 8, 2006) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) ("Enbridge") today announced it will conduct a non-binding Open Season for a proposed 330-mile long, 36-inch diameter natural gas transmission pipeline that would be designed to transport up to 1 Bcf/d of natural gas from Southeast Texas to Clarke County, Mississippi.
The purpose of this Open Season is to solicit "Expressions of Interest" from potential shippers for this proposed pipeline system as well as to determine the optimal route and size of such proposed pipeline system and to identify receipt and delivery points/pipeline interconnections that shippers would want to use. Such Expressions of Interest should be provided to Enbridge on the form found online at www.enbridgegasproject.com on or before March 10, 2006.
The proposed route for this Texas-to-Mississippi pipeline is along a corridor that would offer market diversity for South Texas and Gulf of Mexico natural gas production, as well as delivery points for various proposed liquefied natural gas regasification facilities to be located in Southwest Louisiana and Southeast Texas. A map of the proposed route is available online at www.enbridgegasproject.com .
This proposed pipeline system would provide access to interstate and intrastate natural gas transmission pipeline systems located throughout the State of Louisiana and into the State of Mississippi, including to the following: Columbia Gulf Transmission Company, Gulf South Pipeline Company, Florida Gas Transmission Company, Transcontinental Gas Pipeline Company, and Destin Pipeline Company L.L.C. The exact location and size of potential receipt and delivery points/pipeline interconnections will be determined by customer interest and market demand. Enbridge invites potential shippers to indicate their interest in pipeline interconnections in addition to the ones referenced above. The anticipated in-service date of the proposed pipeline system is first quarter 2009.
Once Expressions of Interest are received, Enbridge will use that information to confirm the level of demand for this proposed pipeline system. Enbridge reserves the right to further define and/or modify the scope and route of the proposed project.
Commercial inquiries or requests for additional information should be directed to:
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Paul Kelly David Halphen
Commercial Development Commercial Development
(713) 821-2283 (832) 214-5726
E-mail: paul.kelly@enbridge.com E-mail: david.halphen@enbridge.com
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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; and is developing a gas distribution system for the Province of New Brunswick. Enbridge employs approximately 4,500 people, primarily in Canada, the United States and South America. 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. 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 Interstate Gas Transportation
Larry Springer
Media
(713) 821-2253
Email: larry.springer@enbridge.com
or
Enbridge Inc.
Jim Rennie
Media
(403) 231-3931
Email: jim.rennie@enbridge.com
or
Enbridge Inc.
Bob Rahn
Investment Community
(403) 231-7398
Email: bob.rahn@enbridge.com
Website: www.enbridge.com