CALGARY, ALBERTA--(Marketwire - Feb. 23, 2012) - Enbridge
Inc. (TSX:ENB) (NYSE:ENB) welcomed the publication today of
Transport Canada's TERMPOL Review Process Report of the
proposed Northern Gateway Pipeline Project's proposed
marine operations. Transport Canada has filed the
results of the study with the federal Joint Review Panel
tasked with assessing the project. The study reviewed the
marine operations associated with the Northern Gateway
terminal and associated tanker traffic in Canadian waters.
The review concluded that: "While there will always be
residual risk in any project, after reviewing the
proponent's studies and taking into account the
proponent's commitments, no regulatory concerns have
been identified for the vessels, vessel operations, the
proposed routes, navigability, other waterway users and the
marine terminal operations associated with vessels
supporting the Northern Gateway Project."
It also made the following points:
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"The review has not identified any regulatory issues
or gaps or the need to consider any new regulatory
requirements at this time."
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"The existing international and Canadian marine laws
and regulations, complemented by the enhanced safety
measures the proponent is committed to implementing and
monitoring will provide for safer shipping in support of
the Northern Gateway project."
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"The proposed shipping routes are appropriate for
the oil tankers that will be used at the proposed
terminal."
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"For the Northern Gateway Project, the proponent is
proposing to implement safety measures that exceed
national and international regulatory frameworks for
vessel safety and operations."
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"Since 2009, the proponent has completed 16 studies
and submitted close to 3,500 pages of surveys, studies,
technical data, analysis and other information related to
the marine transportation components of the Northern
Gateway Project."
Janet Holder, Enbridge's Executive Vice-President of
Western Access and the senior executive with responsibility
for Northern Gateway, welcomed the TERMPOL report as
"a very positive step forward in the public review of
the project."
"It is important for the public, particularly BC
residents, to know that we've done our homework and
that our marine plan has been thoroughly reviewed. I think
the TERMPOL report underlines that what we are proposing is
well planned and safe - and indeed would enhance safety for
all shipping on BC's north coast."
The TERMPOL report was prepared and approved by the
following Canadian government authorities:
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Transport Canada
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Environment Canada
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Fisheries and Oceans Canada
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Canadian Coast Guard
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Pacific Pilotage Authority Canada
The TERMPOL report is one stage in the review of the
Northern Gateway project. Further review of the Northern
Gateway application by the Joint Review Panel, as well as
other agencies, is ongoing.
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 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 close to
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 approximately 6,900 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.
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.