Enbridge to Undertake $0.2 Billion Canadian Mainline Expansion
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CALGARY, ALBERTA, May 16 (MARKET WIRE) -- Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced an approximately $0.2 billion expansion of the Canadian portion of the Alberta Clipper pipeline (Line 67). The current scope of the project will involve the addition of pumping horsepower sufficient to raise the capacity of the Canadian mainline by 120,000 barrels per day. The Canadian mainline is held in Enbridge Pipelines Inc. which will undertake the low cost expansion with an expected in service date of mid 2014. The expansion remains subject to National Energy Board approval and to finalization of scope and approval by shippers, which could lead to an upward revision of capacity and cost. "The Hardisty to Border mainline expansion complements Enbridge's market access strategic initiatives," said Stephen J. Wuori, President, Liquids Pipelines for Enbridge. "The additional capacity will support increased throughput expected to be drawn through the mainline by the market access initiatives. Plenty of scope still remains for further low cost expansion to accommodate additional throughput in the latter half of the decade." A map of Enbridge Inc. and Enbridge Energy Partners L.P. expansion projects announced today is available at www.enbridge.com. About Enbridge Inc. Enbridge Inc. is a North American leader in delivering energy and one of the Global 100 Most Sustainable Corporations. 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 a significant and growing involvement in natural gas gathering, transmission and midstream businesses, and an increasing involvement in power transmission. 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. As a generator of energy, Enbridge has interests in close to 1,000 megawatts of renewable and alternative energy generating capacity and is expanding its interests in wind and solar energy, geothermal and hybrid fuel cells. Enbridge employs more than 7,000 people, primarily in Canada and the U.S. and is ranked as one of Canada's Greenest Employers, and one of the Top 100 Companies to Work for in Canada. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com. Contacts: Enbridge Inc. Jennifer Varey/Graham White Media (403) 508-6563 or Toll Free: (888) 992-0997 email@example.com firstname.lastname@example.org Enbridge Inc. Jody Balko Investment Community (403) 231-5720 email@example.com www.enbridge.com Copyright 2012, Market Wire, All rights reserved. -0-