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Enbridge Files Preliminary Information Package for Gateway Project.


CALGARY, Alberta -- Gateway Pipeline Inc., a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Enbridge Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:ENB) (NYSE NYSE

See: New York Stock Exchange
:ENB), has filed a Preliminary Information Package (PIP) with the National Energy Board, the Canadian Environmental Assessment Agency and other federal departments.

The PIP provides detailed information on the major elements of the Gateway Project as of October 2005. It is intended to inform potentially interested parties, and to permit federal regulators to define the regulatory review process to satisfy the requirements of the National Energy Board and the Canadian Environmental Assessment Agency.

A PIP filing does not constitute an application for regulatory approval. Such an application is planned for 2006, subject to the achievement of commercial feasibility, including satisfactory shipper commitments, as well as successful completion of engineering, environmental planning Environmental planning is a relatively new field of study that aims to merge the practice of urban planning with the concerns of environmentalism. Essentially speaking, while urban planners have traditionally factored in economic development, transportation, sanitation, and other , and public and Aboriginal consultation. This timing would permit construction to commence in 2008 and the pipelines to begin service in 2010.

The Gateway Project is estimated to cost approximately $4 billion and will consist of a petroleum export pipeline and a condensate import pipeline along the same right-of-way, and a marine terminal.

The Gateway Petroleum Export Pipeline project will involve a new 1150-km (715-mile) 30-inch diameter pipeline with an initial capacity of approximately 400,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day.  to transport petroleum from Edmonton to Kitimat. The Gateway Condensate Import Pipeline will be a 20-inch diameter pipeline capable of initially transporting approximately 150,000 barrels per day from Kitimat to Edmonton.

Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  and internationally. 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 international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee.  and a growing involvement in the natural gas transmission and midstream businesses. 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 New Brunswick, province, Canada
New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada.
 and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 State. Enbridge employs approximately 4,400 people, primarily in Canada, the U.S. and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Enbridge's common shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 in Canada and on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 in the U.S. under the symbol ENB. Information about Enbridge is available on the Company's web site at 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 that 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. 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.

BACKGROUND INFORMATION ON THE ENBRIDGE GATEWAY PROJECT

- The Gateway Project, estimated to cost approximately $4 billion, involves the proposed development of two new pipelines, a new marine terminal, tankage tankage

made from heat-digested animal abattoir residues without gut contents, hide, horn, hoof. Concentrated and dried and possessing a high biological value protein content of 60%. See also meat meal.
, pumping stations and related facilities.

- The Gateway Project will run from Strathcona County near Edmonton to Kitimat, British Columbia.

- Key factors in the decision to select Kitimat as the end-site location for the pipeline were the deep-water port and abundant industrial land.

- The pipeline will be 1150 kilometres in length.

- The petroleum export pipeline will be 30-inches in diameter and designed to move an average of 400,000 barrels per day.

- The condensate import pipeline will be 20-inches in diameter and designed to move an average of 150,000 barrels per day.

- Condensate is a by-product by·prod·uct or by-prod·uct  
n.
1. Something produced in the making of something else.

2. A secondary result; a side effect.


by-product
Noun

1.
 of natural gas production and is used as feedstock to oil refineries but its primary use in Western Canada is to dilute heavy oil for easier transport by pipeline.

- Certified marine tankers will be used to either import condensate or export petroleum. The marine terminal will include tankage, emergency response equipment, tanker births and other related facilities.

- Enbridge anticipates filing the National Energy Board application for the Gateway Project in the second quarter of 2006, beginning construction in 2008 and having the pipeline operational in 2010.

- The socio-economic benefits during construction of the project are estimated at $1.52 billion in BC and $1.26 billion in Alberta.

- During the operation of the Gateway Project, the socio-economic benefits are estimated at $107 million per year in BC and $60 million per year in Alberta.

- The Gateway Project is an important part of Canada's energy future and will help ensure there is enough capacity to transport new oil expected from Canada's oil sands in the years to come.

Enbridge Inc. (TSX:ENB) (NYSE:ENB)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Nov 2, 2005
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