CALGARY, ALBERTA--October 30, 2003 - Enbridge Inc. today
announced that it completed the acquisition of the final 1.1%
portion of Duke Energy's 11.8% interest in the U.S. component of
the Alliance Pipeline for approximately Cdn$7.2 million. Earlier
this year Enbridge paid Duke Energy approximately Cdn$195 million
for its 11.8% interest in the Canadian portion of the Alliance
Pipeline and 10.7% of its interest in the U.S. portion of the
Alliance Pipeline.
Enbridge Inc. now holds a 50% interest in the U.S. portion of
Alliance and has an approximate 43% interest in the Aux Sable NGL
plant and AC Marketing. Enbridge Income Trust acquired Enbridge
Inc.'s 50% interest in the Canadian portion of Alliance from
Enbridge Inc. in June. Enbridge's interests equal that of the
other largest owner of the Alliance Pipeline, Fort Chicago Energy
Partners.
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.
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