Enbridge Launches Open Season for Southern Access Extension

Wed Dec 12, 2012 4:25pm EST

* Reuters is not responsible for the content in this press release.

  CALGARY, ALBERTA, Dec 12 (MARKET WIRE) --
Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced a binding open season
("Open Season") to solicit commitments from shippers for capacity on the
proposed Southern Access Extension pipeline, to be constructed, owned,
and operated by U.S. subsidiary Enbridge Pipelines (Illinois) L.L.C. (the
"Carrier"). The new pipeline will transport crude oil from Pontiac,
Illinois, at Enbridge's Flanagan Terminal, where it will receive crude
oil from Enbridge Energy Partners, L.P.'s ("the Partnership") Lakehead
System, to Patoka, Illinois.

    The 165-mile (265-kilometer), 24-inch diameter pipeline will be
constructed as a stand-alone project with an anticipated in service date
of early 2015. The diameter of the pipeline could be increased, depending
on the results of the Open Season. Committed shippers will be asked to
commit to capacity only on the Southern Access Extension proposed
pipeline and will not be required to make long-term commitments to ship
on the Partnership's Lakehead System. 

    Enbridge has received sufficient capacity commitments from an anchor
shipper to support the 24-inch pipeline as proposed. This Open Season
provides an opportunity for additional shippers to support the Southern
Access Extension by making volume commitments for the required term. 

    Shippers will have the option of selecting a ten or fifteen-year term as
well as one of three available commencement dates for service. Subject to
regulatory approval by the Federal Energy Regulatory Commission (FERC),
committed volumes will not be subject to pro-rationing to accommodate
uncommitted volumes under ordinary operating conditions. The Carrier will
share in construction cost overruns with committed shippers, which will
provide an incentive to the Carrier to minimize capital costs, thereby
lowering the tariff rates. 

    Open Season Process

    The binding open commitment period will begin at 3 p.m. MT on December
12, 2012, and will end at 3 p.m. MT on January 18, 2013. 

    Bona fide potential shippers that wish to receive access to the Open
Season documents, including the Transportation Services Agreement, are
required to execute a Confidentiality Agreement. No edits or amendments
to the Confidentiality Agreement will be accepted.

    More information about the Southern Access Extension project and the
binding open season is available at
http://southernaccessextension.enbridgeus.com or by contacting:


Morgan Keith                       Sheldon Bueckert                         
Enbridge Inc.                      Enbridge Inc.                            
(403) 508-3198                     (403) 231-5904                           
morgan.keith@enbridge.com          sheldon.bueckert@enbridge.com            


    Please note: There will be limited availability of Enbridge shipper
contacts during the period of December 22 to 29, 2012.

    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 10,000 people, primarily in Canada and the U.S. and is
ranked as one of Canada's Greenest Employers and one of Canada's Top 100
Employers for 2013. Enbridge is included on the 2012/2013 Dow Jones
Sustainability World Index and the Dow Jones Sustainability North America
Index and is also a constituent of the 2012/2013 FTSE4Good Index Series.
Enbridge's common shares trade on the Toronto and New York stock
exchanges under the symbol ENB. For more information, visit
www.enbridge.com. 

    Certain information provided in this news release constitutes
forward-looking statements. The words "anticipate", "expect", "project",
"estimate", "forecast" and similar expressions are intended to identify
such forward-looking statements. Although Enbridge believes that these
statements are based on information and assumptions which are current,
reasonable and complete, these statements are necessarily subject to a
variety of risks and uncertainties pertaining to operating performance,
regulatory parameters, weather, economic conditions and commodity prices.
You can find a discussion of those risks and uncertainties in our
Canadian securities filings and American SEC filings. While Enbridge
makes these forward-looking statements in good faith, should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary significantly from
those expected. Except as may be required by applicable securities laws,
Enbridge assumes no obligation to publicly update or revise any
forward-looking statements made herein or otherwise, whether as a result
of new information, future events or otherwise.

Contacts:
Enbridge Inc.
Larry Springer
Media
(713) 821-2253 or Toll Free: (877) 496-8142
larry.springer@enbridge.com

Enbridge Inc.
Jody Balko
Investment Community
(403) 231-5720
jody.balko@enbridge.com
www.enbridge.com

Copyright 2012, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.