CALGARY, ALBERTA--At 9:30 a.m. Eastern time today, Enbridge Inc.
President & Chief Executive Officer Patrick D. Daniel rang the
bell to begin trading at the New York Stock Exchange, in
ceremonies marking the Company's listing and its first day of
trading on the NYSE.
"The NYSE listing is consistent with Enbridge's investment profile
and our objective of becoming a premier North American energy
delivery company," said Mr. Daniel. "Listing on the NYSE supports
our objective of increasing Enbridge's North American footprint,
and of expanding our U.S. shareholder base."
Enbridge shares now trade on the NYSE under the symbol "ENB",
which is the same as the Company's Toronto Stock Exchange trading
symbol.
Enbridge's specialist at the NYSE is Spear, Leeds & Kellogg, and
the CUSIP number for Enbridge Inc. common shares remains
unchanged, at 29250N 10 5.
Enbridge Inc. is a leader in energy transportation, distribution
and services 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 pipeline system. The
Company also is involved in international energy projects, and has
a growing involvement in natural gas transmission and midstream
businesses. As a distributor of energy, Enbridge owns and
operates Canada's largest natural gas distribution company, which
distributes gas in Ontario, Quebec and New York State. The
Company is developing a gas distribution network for the province
of New Brunswick; is involved in the distribution of electricity;
and provides retail energy products and services to a growing
number of Canadian and U.S. markets. Enbridge employs
approximately 6,000 people, primarily in Canada, the U.S. and
South America. Information about Enbridge is available on the
Company's web site at www.enbridge.com.
This news release includes forward-looking statements regarding
future events and the future financial performance of Enbridge.
All forward-looking statements are based on Enbridge's beliefs as
well as assumptions made by and information currently available to
Enbridge. When used herein, words such as "believes," "expects,"
"intends," "forecasts," "projects," and similar expressions,
identify forward-looking statements. These statements reflect
Enbridge's current views with respect to future events and are
subject to various risks, uncertainties and assumptions pertaining
to operating performance, regulatory parameters, commodity prices,
weather and economic conditions and, in the case of pending and
proposed projects, risks relating to design and construction,
regulatory processes, financing and performance of other parties,
including partners, contractors and suppliers and other risks
discussed in Enbridge's regulatory filings, including its Annual
Information Form and Annual Report for the year ended December 31,
2000. If one or more of these risks or uncertainties materialize,
or if the underlying assumptions prove incorrect, actual results
may vary materially from those described in the forward-looking
statement. Except as required by applicable securities laws,
Enbridge does not intend to update these forward-looking
statements.