Enbridge Enters Into Midstream Services Relationship for

Enbridge Enters Into Midstream Services Relationship for Peace River
Arch Area 
CALGARY, ALBERTA -- (Marketwire) -- 10/22/12 -- Enbridge Inc.
(TSX:ENB) (NYSE:ENB) announced today that it has entered into a
midstream services relationship with Encana Corporation (TSX, NYSE:
ECA) to develop gas gathering and compression facilities in the Peace
River Arch ("PRA") region in northwestern Alberta. Enbridge has
agreed to acquire from Encana certain gathering and compression
facilities in the PRA region currently in service and under
construction, with an expected closing date in December 2012.
Following the completion of construction of these facilities in 2013,
Enbridge's total investment in the PRA region is expected to be
approximately $264 million. The financial terms of the midstream
services agreement for the gathering and compression facilities in
the PRA region will parallel previously established terms between
Enbridge and Encana reached in 2011. Enbridge is also working
exclusively with Encana on facility scoping for further development
of additional major midstream facilities in this region.  
Enbridge also announced today it has agreed with the other owners of
the Cabin Gas Plant development to defer the commissioning of Cabin
Phase 1 and construction of Cabin Phase 2. Starting in December 2012,
Enbridge will begin receiving fees for its investment made to date in
the Cabin Gas Plant, including costs expended on Phase 2 of the plant
facilities. Enbridge will retain the right to develop, own and
operate all major midstream natural gas processing facilities
required by Encana in the Cabin facility. Enbridge expects its
investment in the Cabin and PRA region will exceed the previous level
of capital committed to Cabin Phases 1 and 2. 
"This agreement in the Peace River Arch region represents another
step in the execution of our strategy to establish a strong position
in the Canadian Midstream business," said Leon Zupan, President, Gas
Pipelines Enbridge Inc. The investment extends our footprint to the
Peace River Arch region, which is expected to grow significantly in
the years to come, under the same attractive commercial underpinning
and return as our original Cabin investment. The PRA region is also
in close proximity to the Alliance Pipeline. We are pleased to be
extending our relationship with Encana and look forward to working
with producers and all stakeholders in this region." 
About Enbridge Inc. 
Enbridge Inc., a Canadian company, 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 growing involvement in
the natural gas transmission and midstream businesses, and is
expanding its interests in renewable and green energy technologies
including wind and solar energy, hybrid fuel cells and carbon dioxide
sequestration. 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. 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 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 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.
Enbridge Inc.
Graham White
(403) 508-6563 or Toll Free: (888) 992-0997
Enbridge Inc.
Jody Balko
Investment Community
(403) 231-5720
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