An anonymous director reports

ENBRIDGE AND SPECTRA ENERGY OBTAIN FTC CLEARANCE FOR THEIR PROPOSED COMBINATION

The U.S. Federal Trade Commission (FTC) has cleared the previously announced proposed combination of Enbridge Inc. and Spectra Energy Corp.

As part of the clearance, the FTC today voted to accept a proposed consent decree in which Enbridge and Spectra Energy have agreed, following the closing of their proposed combination, to enact firewalls governing the flow of certain information to Enbridge about the Discovery offshore Gulf of Mexico natural gas pipeline system, and to take certain other steps limiting Enbridge's potential influence over actions related to Discovery. Spectra Energy holds an ownership interest in Discovery through its indirect ownership interest in DCP Midstream LP, which holds a 40-per-cent ownership interest in Discovery. Enbridge, through an affiliate, also has offshore natural gas gathering operations in the Gulf of Mexico. The FTC's decision is accessible at its website.

With this clearance from the FTC, the proposed combination of Enbridge and Spectra Energy has only one remaining regulatory clearance to secure in order to close the transaction: clearance under the Canadian Competition Act. The companies continue to expect the transaction to close in the first quarter of this year.

About Enbridge Inc.

Enbridge, a Canadian company, exists to fuel people's quality of life and has done so for more than 65 years. 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 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., and has been ranked 15 times on the annual Canada's Top 100 Employers list, including the 2017 index.

About Spectra Energy Corp.

Spectra Energy is one of North America's leading pipeline and mid-stream companies. Based in Houston, Tex., the company's operations in the United States and Canada include approximately 21,000 miles of natural gas and crude oil pipelines; approximately 300 billion cubic feet of natural gas storage; 5.6 million barrels of crude oil storage; as well as natural gas gathering, processing and local distribution operations. Spectra Energy has served North American customers and communities for more than a century.

We seek Safe Harbor.