Enbridge to Develop $1.6 Billion Wood Buffalo Extension Pipeline for Fort Hills and Suncor

Enbridge to Develop $1.6 Billion Wood Buffalo Extension Pipeline for Fort Hills 
and Suncor 
CALGARY, ALBERTA -- (Marketwired) -- 10/30/13 -- Enbridge Inc.
(TSX:ENB) (NYSE:ENB) today announced that it has been selected by the
Fort Hills partners (Suncor Energy Inc., Total E&P Canada Ltd. and
Teck Resources Limited) as well as Suncor Energy Oil Sands Limited
Partnership (Suncor) to develop a new $1.6 billion pipeline to
transport crude oil production under long term transportation
commitments to Enbridge's mainline hub at Hardisty, Alberta. The Wood
Buffalo Extension pipeline will transport volumes from the proposed
Fort Hills oil sands project as well as growth from Suncor's existing
oil sands operations. The pipeline remains subject to Suncor board
approval, as well as customary regulatory approvals. 
Enbridge will transport as much as 490,000 barrels per day of diluted
bitumen produced at the Fort Hills Partners' project in northeastern
Alberta and Suncor's growing oil sands production in the Athabasca
region. The pipeline will be an extension of the recently
commissioned Wood Buffalo Pipeline and will be constructed from
Enbridge's Cheecham Terminal to its Battle River Terminal at
Hardisty. It is targeted to come into service in the second quarter
of 2017. Once the pipeline is completed, the proposed Fort Hills oil
sands project will become the eleventh oil sands project to be
connected to Enbridge's infrastructure in the Athabasca region.  
"This project builds on our strong relationships with Suncor and
Total and establishes an important relationship with Teck Resources,"
said Stephen J. Wuori, President, Liquids Pipelines and Major
Projects. "Securement of this opportunity reflects Enbridge's strong
competitive position in the region, leveraging our existing Wood
Buffalo line and our major project execution capability, including
preferential line pipe procurement and pipe lay contractor
agreements." 
The project will include a 450-kilometre (281-mile), 30-inch
(75-centimetre) pipeline from Cheecham to the Battle River Terminal,
and associated terminal upgrades. The initial term of the
transportation agreement is 25 years, with the Fort Hills Partners
and Suncor having the right to extend the agreement for successive
five-year terms.  
Enbridge is commit
ted to timely and meaningful dialogue with all
stakeholders, including shareholders, customers, Aboriginal and
Native American communities, governments, regulators, landowners, and
employees among others, regarding all of our projects, operations and
activities. Enbridge will ensure this project is conducted in an
environmentally responsible manner with a focus on the safety of our
employees and the community. 
About Enbridge Inc. 
Enbridge Inc., a Canadian Company, is a North American leader in
delivering energy and has been included on the Global 100 Most
Sustainable Corporations in the World ranking 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 1,700 megawatts of renewable and
alternative energy generating capacity and is expanding its interests
in wind and solar energy and geothermal. 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 Canada's Top 100 Employers
for 2013. Enbridge's common shares trade on the Toronto and New York
stock exchanges under the symbol ENB. For more information, visit
www.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. 
Contacts:
Enbridge Inc. - Media
Graham White
(403) 508-6563/(888) 992-0997
graham.white@enbridge.com 
Enbridge Inc. - Investment Community
Jody Balko
(403) 231-5720
jody.balko@enbridge.com
www.enbridge.com
 
 
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