Enbridge and Energy Transfer Join to Provide Crude Oil Pipeline Access to Eastern Gulf Coast Market

Enbridge and Energy Transfer Join to Provide Crude Oil Pipeline Access to 
Eastern Gulf Coast Market 
CALGARY, ALBERTA and DALLAS, TEXAS -- (Marketwire) -- 02/15/13 --
Enbridge Inc. (NYSE:ENB) (TSX:ENB) and Energy Transfer announced
today that they have entered into an agreement on the terms for the
joint development of a project to provide crude oil pipeline access
to the eastern Gulf Coast refinery market from the Patoka, Illinois
hub.  
The project will involve the conversion from natural gas service to
crude oil service of certain segments of pipeline that are currently
in operation as part of the natural gas system of Trunkline Gas
Company, LLC, a subsidiary of Energy Transfer Partners, L.P. and
Energy Transfer Equity, L.P. This agreement is subject to approval by
the Federal Energy Regulatory Commission (FERC) of Trunkline's July
2012 request to abandon certain designated segments of pipeline from
natural gas transmission service. The converted 30-inch diameter
crude oil pipeline is expected to be in service by 2015. It will have
capacity of up to 420,000 to 660,000 barrels per day (bpd) depending
on crude slate and the level of subscriptions received in an open
season to be conducted in the near future.  
Enbridge and Energy Transfer (NYSE: ETP and ETE) would each own 50%
of the joint venture entity. Enbridge's participation in the venture
is subject to a minimum level of commitments being obtained in the
open season, and on completion of due diligence. 
Crude oil can reach the Patoka hub from both western Canada
production and from the Bakken play in North Dakota through a variety
of existing pipelines as well as through Enbridge's Southern Access
Extension pipeline, which is already under development. The eastern
Gulf Coast market is a highly attractive market for Canadian and
Bakken crude, but is not currently accessible by pipeline. The
Trunkline conversion would create the first pipeline transportation
option for transportation of crude oil to the eastern Gulf Coast from
the midwest U.S.  
Once completed, the project will span more than 700 miles, including
a new lateral from central Louisiana, near the town of Boyce, to the
refining market and the crude oil hub at St. James, Louisiana. The
St. James hub will provide access to refineries in the eastern Gulf
Coast, as well as dock access for water-borne shipments. 
"Connecting the Patoka hub to the St. James hub is an important
component of our broader plans to open up access to the eastern Gulf
Coast crude oil market and responds to significant interest from both
producers and refineries," said Al Monaco, President and Chief
Executive Officer, Enbridge. "Together with our western Gulf Coast
Access program, which includes the expanded Seaway Pipeline, this new
project would provide western Canadian and Bakken producers with
access to the largest refining center in the world with approximately
nine million bpd of crude oil processing capacity. The Gulf Coast
market is ideally suited for both heavy and light crude oil.  
"Over the last two years, we have committed $15 billion of new
investments that will open new markets and help to address the
significant price disparities facing western Canadian and Bakken
producers, and to meet the demand of North American refiners. Across
our three major market access programs currently underway, we're
using existing infrastructure and rights-of-way to the greatest
extent possible. We are pleased to partner with Energy Transfer in
taking an innovative approach to using a currently underutilized
asset to create cost effective and timely solutions for our customers
and, importantly, minimize our environmental footprint and our impact
on landowners and communities," Mr. Monaco added. 
"This project will be another significant step toward our goal of
optimizing the Energy Transfer asset base, while helping solve the
critical logistics bottlenecks in North America by connecting
enormous reserves of oil to the most attractive markets in the U.S.,
near St. James Louisiana," said Mackie McCrea, President and Chief
Operating Officer of ETP. "Energy Transfer looks forward to
developing this project with Enbridge and to establishing a key
transportation conduit to link a diversified slate of reliable,
long-term crude oil reserves to refineries along the eastern Gulf
Coast, while increasing Energy Transfer's footprint in crude oil
transportation." 
About Enbridge Inc. 
Enbridge Inc. is a North American leader in delivering energy and one
of the Global 100 Most Sustainable Corporations for the past five
years. 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 almost 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 about 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 www.enbridge.com. 
About Energy Transfer Partners, L.P. 
Energy Transfer Partners, L.P. (NYSE:ETP) is a master limited
partnership owning and operating one of the largest and most
diversified portfolios of energy assets in the United States. ETP
currently has natural gas operations that include approximately
24,000 miles of gathering and transportation pipelines, treating and
processing assets, and storage facilities. ETP also owns general
partner interests, 100% of the incentive distribution rights, and a
32.4% limited partnership interest in Sunoco Logistics Partners L.P.
(NYSE:SXL), which operates a geographically diverse portfolio of
crude oil and refined products pipelines, terminalling and crude oil
acquisition and marketing assets. ETP also holds a 70% interest in
Lone Star NGL, a joint venture that owns and operates natural gas
liquids storage, fractionation and transportation assets in Texas,
Louisiana and Mississippi. In addition, ETP holds controlling
interest in a corporation (ETP Holdco Corporation) that owns Southern
Union Company and Sunoco, Inc. ETP's general partner is owned by ETE.
For more information, visit the Energy Transfer Partners, L.P.
website at www.energytransfer.com. 
About Energy Transfer Equity, L.P. 
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited
partnership, which owns the general partner and 100% of the incentive
distribution rights (IDRs) of Energy Transfer Partners, L.P.
(NYSE:ETP) and approximately 50.2 million ETP limited partner units;
and owns the general partner and 100% of the IDRs of Regency Energy
Partners LP (NYSE:RGP) and approximately 26.3 million RGP limited
partner units. ETE also owns a non-controlling interest in a
corporation (ETP Holdco Corporation) that owns Southern Union Company
and Sunoco, Inc. The ETE family of companies owns approximately
69,000 miles of natural gas, natural gas liquids, refined products,
and crude pipelines. For more information, visit the Energy Transfer
Equity, L.P. web site at www.energytransfer.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 and Energy Transfer believe 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 and Energy Transfer make 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, neither Enbridge nor Energy
Transfer assumes any 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. Please visit
www.enbridge.com or www.energytransfer.com. 
Contacts:
Enbridge Inc. - Media
Jennifer Varey
(403) 508-6563 or (888) 992-0997
Jennifer.varey@enbridge.com 
Larry Springer
Toll Free: (877) 496-8142
usmedia@enbridge.com 
Enbridge Inc. - Investment Community
Jody Balko
(403) 231-5720
jody.balko@enbridge.com 
For further information from Energy Transfer:
Granado Communications
Vicki Granado
Media
(214) 599-8785 
Brent Ratliff
Investor Relations
(214) 981-0700