The Consumers' Gas Company Ltd. Operating as Enbridge Consumers Gas Earnings

Business Wire, Jan 29, 1999

TORONTO--(BUSINESS WIRE)--Jan. 29, 1999--The Consumers' Gas Company Ltd. (Nasdaq:ENBRF) (TSE:ENB) (ME:ENB) Friday announced income applicable to common shares of $12.3 million, or $0.18 per common share for the three months ended Dec. 31, 1998, compared with $30.9 million or $0.45 per common share for the comparable period last year.

The decline in earnings was due primarily to the significantly warmer than normal weather experienced this year.

The board of directors declared the quarterly dividends on all classes of preference shares payable on April 1, 1999, to shareholders of record on March 4, 1999.

     Pref. Group 1, Series A & B         $1.375

     Pref. Group 1, Series C             $1.25

     Pref. Group 2, Series C             $0.403125

The Consumers' Gas Company Ltd., Toronto (operating as Enbridge Consumers Gas), is a wholly owned subsidiary of Enbridge Inc. of Calgary. Enbridge Inc. ("Enbridge"), is a leader in energy transportation, distribution and services.

As a transporter of energy, Enbridge operates in Canada and the U.S. the world's longest crude oil and liquids pipeline system, is involved in liquids marketing and international energy projects, and has a growing involvement in natural gas transmission.

As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company which provides gas and retail services in Ontario, Quebec and New York, and is involved in the generation and distribution of electricity.

In addition, Enbridge provides retail energy products and services to a growing number of Canadian and U.S. markets. Enbridge employs more than 5,000 people in Canada, the U.S. and South America.

Enbridge Inc.'s common shares trade on the Toronto and Montreal stock exchanges in Canada under the symbol "ENB." In the United States the shares trade on The NASDAQ National Market under "ENBRF." -0-