Union Gas announces new framework to set delivery rates

OEB-approved five-year agreement to benefit customers and company 
CHATHAM, ON, Oct. 7, 2013 /CNW/ - Today, the Ontario Energy Board (OEB) 
approved a new five-year incentive regulation framework for Union Gas, which 
the company will use to determine the rates it will charge customers for 
natural gas delivery services beginning January 1, 2014. 
The framework parameters were determined through a settlement process and a 
negotiated agreement with key stakeholders who represent the interest of the 
company's customers and regularly participate in rate applications. 
Through the new framework, delivery rates are determined at the beginning of 
each year using a pre-set formula that allows for an annual inflation increase 
based on Gross Domestic Product (GDP), less a productivity expectation for the 
company, resulting in an annual change of less than half40 percent of 
The framework includes the pass-through of certain costs, including those 
associated with major capital investments, along with a number of other 
regulatory and financial features. The structure also includes an earnings 
sharing mechanism through which the company will share earnings with its 
customers beyond certain thresholds. 
"We are very pleased to have arrived at this negotiated settlement with our 
stakeholders and to have received approval from our regulator," said Steve 
Baker, president of Union Gas. "This multi-year agreement will allow the 
company to continue to grow and invest in our Ontario natural gas 
infrastructure while offering rate stability and lower than inflation rate 
changes to our customers." 
About Union Gas
Union Gas Limited is a major Canadian natural gas storage, transmission and 
distribution company based in Ontario with 100 years of experience and service 
to customers. The distribution business serves about 1.4 million residential, 
commercial and industrial customers in more than 400 communities across 
northern, southwestern and eastern Ontario. One of Canada's Top 100 Employers 
for 2013, Union Gas is a Spectra Energy (NYSE: SE) company with assets of $5.8 
billion and approximately 2,200 employees. For more information, visit 
uniongas.com or find us on Twitter: twitter.com/uniongas, Facebook: 
facebook.com/uniongas and YouTube: youtube.com/user/uniongas. 
About Spectra Energy
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North 
America's premier pipeline and midstream companies. Based in Houston, Texas, 
the company's operations in the United States and Canada include more than 
22,000 miles of natural gas, natural gas liquids, and crude oil pipelines, 
approximately 305 billion cubic feet (Bcf) of natural gas storage, as well as 
natural gas gathering and processing, and local distribution operations. The 
company also has a 50 percent ownership in DCP Midstream, the largest producer 
of natural gas liquids and the largest natural gas processor in the United 
States. Spectra Energy has served North American customers and communities for 
more than a century. The company's longstanding values are recognized through 
its inclusion in the Dow Jones Sustainability World and North America Indexes 
and the CDP Global 500 and S&P 500 Climate Disclosure and Performance 
Leadership Indexes. For more information, visit www.spectraenergy.com.

SOURCE  Union Gas Limited 
CONTACT: Andrea Stass Manager, External Communications and Media Relations Ph: 
519 436-5490 or 1-800-571-8446 ext. 5005490 Cell: 519 365-1010 
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CO: Union Gas Limited
ST: Ontario
-0- Oct/07/2013 21:41 GMT
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