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1.8

Million

Enbridge Gas Distribution has 1.8 million customers in Ontario and has growing customer bases in Quebec and New Brunswick.

The fundamentals of the natural gas business in Ontario are strong because natural gas

  • is the most efficient fuel for burner tip applications;
  • has a significant price advantage over fuel oil and electricity;
  • is clean burning and environmentally attractive relative to other energy sources;
  • and is now critical to the Ontario power supply mix.
Enbridge Gas Distribution is adding approximately 45,000 customers a year on the strength of its position in the Greater Toronto Area.

Enbridge Gas Distribution is adding approximately 45,000 customers a year on the strength of its position in the Greater Toronto Area.

GAS DISTRIBUTION AND SERVICES

Enbridge Gas Distribution, our natural gas distribution franchise in Ontario, is Canada’s largest gas distribution utility and one of the fastest growing gas distribution utilities in North America.

We are adding approximately 45,000 customers a year on the strength of our position in the Greater Toronto Area, which has a growing population that is now over 5.5 million people.

In addition to organic growth, Enbridge Gas Distribution is focused on achieving incremental value through incentive regulation and growing its unregulated businesses.

Enbridge also owns 32.1% of Noverco Inc., which holds a majority interest in Gaz Métro Limited Partnership, the company that distributes natural gas in Quebec.

GAS DISTRIBUTION GROWTH OPPORTUNITIES

We plan to optimize the performance of Enbridge Gas Distribution through incentive regulation (IR), which will begin in 2008. IR reduces regulatory costs. It also provides shareholder incentives for improved efficiency and revenue growth, more flexibility for utility management and more stable rates.

Enbridge Gas Distribution expects to have over two million customers by 2010.

Ontario requires 7,100 megawatts of gas-fired power generation capacity in the next few years. By 2015, natural gas is expected to account for 33% of Ontario’s total energy production, compared with 15% today.

Enbridge is targeting growth over the next five years in its unregulated businesses, which include: natural gas storage; small scale generation such as distributed energy; renewable energy; and retail energy services.