Our 2006 Highlights 2006 earnings applicable to common shareholders   2006 total shareholder return $1.81   14% per common share   per common share Financial (millions of Canadian dollars, except where otherwise noted) 2006   2005   2004 Earnings Applicable to Common Shareholders   615.4   556.0   645.3 Earnings Per Common Share (dollars per share)   1.81   1.65   1.93 Dividends Per Common Share   1.15   1.0375   0.92 Common Share Dividends Paid   403.1   361.1   315.8 Return on Average Common Shareholders' Equity   13.9%   13.2%   17.0% Debt to Debt Plus Shareholders' Equity at Year End   68.6%   68.9%   67.1% Operating   2006   2005   2004 Liquids Pipelines1                  Deliveries (thousands of barrels per day)   2,166   2,008   2,138      Barrel miles (billions)   794   695   757      Average haul (miles)   1,004   949   970 Gas Pipelines - Average Daily Throughput Volume (million of cubic feet per day)                  Alliance Pipeline US   1,592   1,597   1,581      Vector Pipeline   1,015   1,033   997      Enbridge Offshore Pipelines2   2,153   2,102   – Gas Distribution and Services3                  Distribution volume (billion cubic feet)   408   438   575      Number of active customers (thousands)   1,852   1,805   1,756      Degree day deficiency4 (degrees Celsius)                       Actual   3,355   3,750   5,052           Forecast based on normal weather   3,745   3,747   4,849 1 Liquids Pipelines operating highlights include the 16.6% owned Lakehead System and wholly owned liquids pipelines operations excluding Spearhead Pipeline and Athabasca Pipeline. 2 Enbridge Offshore Pipelines was purchased on December 31, 2004. 3 In 2004, Enbridge Gas Distribution (EGD) and other gas distribution operations changed their fiscal year ends from September 30 to December 31 to be consistent with Enbridge. Consequently, highlights of Gas Distribution and Services for 2004 include the 15-month period ended December 31. Gas Distribution and Services volumes and the number of active customers are derived from the aggregate system supply and direct purchase gas supply arrangements. 4 Degree day deficiency is a measure of coldness. 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.