Enbridge and Spectra Energy complete merger

Enbridge Inc has completed a stock-for-stock merger transaction to acquire all the outstanding common stock of Spectra Energy Corp.

On announcement of the merger President and Chief Executive Officer of Enbridge, Al Monaco said: “We are very pleased to have now received all required regulatory clearances and we look forward to realizing the significant customer and shareholder benefits of combining these two strong companies. With the completion of the Transaction, Enbridge will become a leading global energy infrastructure company and the largest in North America with roughly C$166b (US$126b) in enterprise value and the strongest liquids and natural gas infrastructure franchises on the continent. We will have a diverse set of low-risk businesses comprised of a best in class network of crude oil, liquids and natural gas pipelines, a large portfolio of strong, regulated gas distribution utilities and a growing renewable power generation platform. The combined company will be positioned to provide integrated services and first and last mile connectivity to virtually all key liquids and gas supply basins and demand markets in North America.

For more information visit www.enbridge.com

2nd March 2017