TORONTO, ONTARIO--(CCNMatthews - Nov. 24, 2004) - At close of business 
today, the Ontario Energy Board (OEB) issued a decision related to the 
earnings sharing mechanism that was included in the Enbridge Gas 
Distribution 2004 Rate Decision. The earlier 2004 Decision included an 
earnings sharing mechanism with customers receiving 50 per cent of 
normalized earnings above the OEB approved rate of return. Normalization 
reflects an adjustment to earnings due to colder or warmer weather than 
forecast.

The earnings above the approved rate of return of 9.69% were 
approximately $20 million (approximately $12.7 million after tax) in 
2004. As a result of today's Decision, half of this will be shared with 
customers. For a typical residential customer this will be a one-time 
credit of approximately $4.30. The credit will be included on the 
customer's bill in early 2005, along with other year-end and quarterly 
rate adjustments. There is no impact on Enbridge Gas Distribution's 
reported earnings. 

Further information about the Decision is available at: 
www.oeb.gov.on.ca or through the OEB Customer Service Centre at 
416-314-2455 or toll-free at 1-877-632-2727.

Enbridge Gas Distribution has a more than 155-year history and is 
Canada's largest natural gas distribution company. It delivers safe, 
reliable natural gas to about 1.7 million customers in many Ontario 
communities. Enbridge Gas Distribution is a leader in promoting energy 
efficiency programs. Enbridge Gas Distribution distributes gas in New 
York State through St. Lawrence Gas, in New Brunswick through Enbridge 
Gas New Brunswick and is affiliated with Gazifere in southwestern 
Quebec. Enbridge Gas Distribution is owned by Enbridge Inc., a 
Canadian-based leader in energy transportation and distribution.

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