^$1.97

per common share

14%

per common share

Financial (unaudited; millions of dollars, except per share amounts)
Year ended December 31,	2007	2006	2005
Earnings Applicable to Common Shareholders	700.2	615.4	556.0
Earnings per Common Share	1.97	1.81	1.65
Dividends per Common Share	1.23	1.15	1.04
Common Share Dividends	452.3	403.1	361.1
Return on Average Shareholders’ Equity	13.6%	13.9%	13.2%
Debt to Debt Plus Shareholders’ Equity	66.5%	68.6%	68.9%
Operating
Liquids Pipelines – Deliveries (thousands of barrels per day)
Enbridge System¹	2,005	2,013	1,872
Athabasca System²	164	190	142
Spearhead Pipeline	103	82	–
Olympic Pipeline	284	289	–
Gas Pipelines – Average Daily Throughput
Volume (millions of cubic feet per day)
Alliance Pipeline US	1,598	1,592	1,597
Vector Pipeline	1,034	1,015	1,033
Enbridge Offshore Pipelines	2,060	2,153	2,102
Gas Distribution and Services³
Volumes (billions of cubic feet)	418	408	438
Number of active customers (thousands)	1,902	1,852	1,805
Degree-day deficiency⁴
Actual	3,659	3,355	3,750
Forecast based on normal weather	3,617	3,745	3,747

Enbridge System includes Canadian mainline deliveries in Western Canada and to the Lakehead System at the U.S. border and Line 9 in Eastern Canada.
Volumes are for the Athabasca mainline only and do not include laterals on the Athabasca System.
Gas Distribution and Services volumes and the number of active customers are derived from the aggregate system supply and direct purchase gas supply arrangements.
Degree-day deficiency is a measure of coldness which is indicative of volumetric requirements of natural gas utilized for heating purposes. It is calculated by accumulating for each day in the period the total number of degrees each day by which the daily mean temperature falls below 18 degrees Celsius. The figures given are those accumulated in the Greater Toronto Area.