CALGARY, ALBERTA--(CCNMatthews - March 24, 2005) - Enbridge Inc. announced today that effective May 5, 2005, David A. Arledge will become Chair of the Enbridge Board of Directors, subject to re-election to the Board at the May 5 annual and special meeting of shareholders. He succeeds Donald J. Taylor who is retiring as Chair after nine years in the position and 26 years as a Director of Enbridge.
Mr. Arledge joined the Enbridge Board in 2002 and is a member of the Audit, Finance & Risk Committee and Human Resources & Compensation Committee.
He served in a variety of executive positions in finance at Coastal Corporation from 1983 to 1993, and in senior executive and operating positions at Coastal until he retired as Chairman, President & Chief Executive Officer in early 2001. He also served as Vice-Chairman of the Board of Directors of El Paso Corporation following the merger of El Paso and Coastal in early 2001, leaving there in November 2001.
"Mr. Arledge brings a wealth of knowledge and experience to the position of Board Chair," said Enbridge President & Chief Executive Officer Patrick D. Daniel. "His extensive background in finance, energy and energy delivery makes him an excellent choice to succeed Mr. Taylor, who has served Enbridge and its shareholders so well for so long."
Enbridge Inc. 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 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 4,000 people, primarily in Canada, the U.S. and South America. 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.
For more information please contact:
Enbridge Inc.
Colin Gruending
Investment Community
(403) 231-5919
Email: colin.gruending@enbridge.com
or
Enbridge Inc.
Jim Rennie
Media
(403) 231-3931
Email: jim.rennie@enbridge.com
Website: www.enbridge.com