Mr. Guy Jarvis reports

ENBRIDGE INC. AND ENBRIDGE ENERGY PARTNERS, L.P. CLOSE BAKKEN PIPELINE SYSTEM ACQUISITION

Enbridge Inc. and Enbridge Energy Partners LP's previously disclosed transaction to acquire an effective 27.6-per-cent interest in the Bakken pipeline system has closed as final conditions have now been met.

The system consists of the Dakota Access pipeline and the Energy Transfer crude oil pipeline projects, both of which will be operated by Energy Transfer Partners LP, and connects the prolific Bakken formation in North Dakota to eastern PADD II and the U.S. Gulf Coast. Construction of the Bakken pipeline is well advanced and approximately 95 per cent complete.

"The project is expected to provide attractive risk-adjusted returns and is underpinned by a significant level of take-or-pay contracts with high-credit-quality counterparties," said Guy Jarvis, president of liquids pipelines and major projects. "It is expected to be immediately accretive to earnings and ACFFO [available cash flow from operations] per share, and we're pleased to be moving forward with this project. The Bakken pipeline provides us with an attractive opportunity to participate in a competitive new transportation option, enabling North American producers to access premium U.S. Gulf Coast markets. We also see strong potential for future investments in the system through low-cost expansions."

Enbridge will finance 100 per cent of the investment in the short-term through a $1.5-billion (U.S.) bridge loan to EEP through one of its subsidiaries. This bridge loan will come from available liquidity and will remain in place until a joint financing arrangement with EEP is finalized as part of its continuing strategic review, which is likely to be completed during the second quarter of the year. Joint financing terms could result in Enbridge permanently financing up to 75 per cent of the $1.5-billion (U.S.), which was previously factored into the company's financing plans.

Mr. Jarvis concluded: "Importantly, the system is being built and operated with what we believe are best-in-class pipeline safety measures. We look forward to working with our partners to ensure that the commitment to safe operations and maintenance of positive working relationships with all stakeholders along the right of way is a top priority."

About Enbridge Inc.

Enbridge operates the world's longest crude oil and liquids transportation system across Canada and the United States, and has a significant and growing involvement in natural gas gathering, transmission and mid-stream business, as well as an increasing involvement in power transmission. Enbridge owns and operates Canada's largest natural gas distribution company, serving residential, commercial and industrial customers in Ontario, Quebec, New Brunswick and New York state. Enbridge has interests in more than 2,200 megawatts of net renewable and alternative generating capacity, and continues to expand into wind, solar and geothermal power. Enbridge employs approximately 10,000 people, primarily in Canada and the U.S.

We seek Safe Harbor.