Date Closed

December 16, 2005

Lead Office

Calgary

Value

250.00 Million CAD

On December 16, 2005, Enbridge Pipelines Inc. completed an offerings of debt securities:  $250 million of 4.46 per cent notes due 2012 were sold in Canada. The offering was conducted under a shelf prospectus which was filed on December 2, 2005, and was completed by a syndicate of dealers including RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets, HSBC Securities (Canada) Inc., National Bank Financial Inc., Scotia Capital Inc. and TD Securities Inc.

McCarthy Tétrault advised Enbridge with a team that was led by John Osler.