Enbridge Joins Suncor Energy and EHN in Magrath Wind Power Project

Business Wire, April 29, 2004

Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--April 29, 2004

Enbridge Inc. (NYSE:ENB)(TSX:ENB) has joined Suncor Energy Products Inc. (a subsidiary of Suncor Energy Inc.) and EHN Wind Power Canada Inc. as an equal partner in the estimated Cdn$48 million Magrath Wind Power Project in southern Alberta. The project is Enbridge's second wind power investment, the first being the SunBridge project in southwestern Saskatchewan that is a 50/50 partnership with Suncor.

The Magrath project, currently under construction, will consist of 20 1.5-megawatt (MW) wind turbines scheduled to come on line by late 2004 with a total capacity of 30 megawatts of electrical power.

Enbridge will pay one-third of the costs for a one-third interest in the project. Enbridge will also contract to purchase one-third of the power output of the project for its Enbridge Pipelines system. This will represent approximately 13% of Enbridge Pipelines' total power requirement in Alberta.

Participation in the Magrath project is consistent with Enbridge's strategy of pursuing renewable energy to expand the company's product line, and further positions the company to become a significant player as the wind energy industry develops. It is also consistent with Enbridge's commitment to sound environmental stewardship.

Enbridge Inc. is a leader in energy transportation and distribution in North America and internationally. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids pipeline system. The Company also has international operations 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, which provides distribution services in the provinces of Ontario and Quebec and in New York State; and is developing a gas distribution system for the Province of New Brunswick. The Company employs approximately 4,000 people, primarily in Canada, the U.S. and South America. Enbridge common shares trade on the Toronto Stock Exchange in Canada and on the New York Stock Exchange in the U.S. under the symbol ENB. Information about Enbridge is available on the Company's website at www.enbridge.com.

Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel while operations throughout Western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. The company's U.S.A. downstream assets include pipeline and refining operations in Colorado and Wyoming and retail sales in the Denver area under the Phillips 66 brand. As Suncor meets today's energy needs, the company invests in renewable energy for the future. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc. of Philadelphia.

Corporacion Energia Hidroelectrica de Navarra, S.A. (EHN) of Spain is a group dedicated to the development, construction, operation and ownership of renewable energy projects. The group has installed (or has under construction) 2,049 MW in renewables, of which almost 1,000 MW belong to the group. In the field of wind energy, it has built 59 wind farms, either its own or for other companies (almost all of them managed by the company), and has a further six under construction, representing total installed capacity of 1,963 MW. It has 20 small hydro power plants, a 25 MW biomass plant based on straw combustion and the largest photovoltaic solar energy plant in Spain in terms of capacity (1.2 MW). It is also building a biodiesel plant and has its own wind turbine production facility. The shareholder structure of EHN is divided between ACCIONA (50%), SODENA (39.58%) and Corporacion Caja Navarra (10.42%). EHN Wind Power Canada Inc. is a wholly owned subsidiary of EHN.

When used in this news release, the words "anticipate", "expect", "project", "believe", "estimate", "forecast" and similar expressions are intended to identify forward-looking statements, which include statements relating to pending and proposed projects. Such statements are subject to risks, uncertainties and assumptions pertaining to operating performance, regulatory parameters, weather and economic conditions and, in the case of pending and proposed projects, risks relating to design and construction, regulatory processes, obtaining financing and performance of other parties, including partners, contractors and suppliers.