March 8, 2001
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE U.S.
On March 6, Enbridge Inc. filed with Canadian regulatory
authorities a shelf prospectus under which it is authorized to
issue up to $1,250,000,000 of unsecured Medium term Notes over a
two-year period. The net proceeds from the sale of the Notes will
be added to the general funds of the Corporation to be used to
reduce outstanding indebtedness, to finance capital expenditures
and investments of the Corporation, and for general corporate
purposes. The Notes will not be registered in the United States
and may not be offered or sold there unless authorized by law.
Agents for the Note program are RBC Dominion Securities Inc., BMO
Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities
(Canada) Inc., National Bank Financial Inc., Scotia Capital Inc.
and TD Securities Inc.
Enbridge Inc. is a leader in energy transportation, distribution
and services. 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 liquids
marketing and international energy projects, and has 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, which
provides gas in Ontario, Quebec and New York State; and is
involved in the distribution of electricity. In addition,
Enbridge provides retail energy products and services to a growing
number of Canadian and U.S. markets. The Company employs
approximately 5,500 people, primarily in Canada, the U.S. and
South America. 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 about Enbridge is available on the Company's web site
at www.enbridge.com.