CALGARY, ALBERTA--Enbridge Inc. announced today the launch of a
new company, Enbridge Atlantic Energy Services Inc.,that will sell
natural gas commodity contracts to customers in New Brunswick.
Consumers considering switching to natural gas for their heating
needs now have more choice when purchasing their gas supply.
Enbridge Atlantic Energy Services, based in Fredericton, New
Brunswick, began operations on September 4, 2001. It will offer
residential, commercial and industrial customers both
variable-rate and fixed-rate one-year and two-year term contracts.
Customers will be able to sign up for the contracts by
mid-September directly through Enbridge Atlantic Energy Services
Inc. In the coming months, customers will also be able to obtain
information about the contracts through local Heating, Ventilation
and Air Conditioning (HVAC) contractors.
"Our contracts will offer competitive prices and provide customers
the flexibility to choose the type of contract that they are most
comfortable with; either a variable rate contract that will
reflect market changes or a predictable fixed rate," said David
Teichroeb, Regional Manager, Enbridge Atlantic Energy Services
Inc. "By offering competitive rates and choice we will also help
HVAC contractors better serve their customers when they discuss
converting a furnace or water heater to natural gas."
Natural Gas is a clean, safe and cost effective source for home
and water heating needs. In fact, with an Enbridge Atlantic Energy
Services one-year residential fixed-rate contract at today's price
with distribution charges included, a customer using natural gas
can save approximately $1150 compared to propane and $600 compared
to home heating oil annually for their home and water heating
needs.
The application for a gas commodity contract will also allow
customers to choose to have Enbridge Atlantic Energy Services Inc.
apply on their behalf for a street service permit from Enbridge
Gas New Brunswick. Enbridge Gas New Brunswick provides natural gas
distribution services but cannot sell natural gas directly to
customers.
Customers are encouraged to contact Enbridge Atlantic Energy
Services at 1-888-644-4040 for more information.
About Enbridge
Enbridge Atlantic Energy Services Inc. is a subsidiary of Enbridge
Inc. and an affiliate of Enbridge Gas New Brunswick. Enbridge Inc.
is a leader in energy transportation, distribution and services in
North America and internationally. Enbridge operates, in Canada
and the U.S., the world's longest crude oil and liquids
transportation system. As a distributor of energy, Enbridge owns
and operates Canada's largest natural gas distribution company and
provides gas distribution in Ontario, Quebec and New York State.
Through its subsidiary, Enbridge Gas New Brunswick, Enbridge Inc.
is developing a gas distribution system for the province of New
Brunswick. Enbridge common shares trade on The Toronto Stock
Exchange in Canada under the symbol "ENB" and on The NASDAQ
National Market in the U.S. under the symbol "ENBR". Additional
information is available at www.enbridge.com.