To our unitholders and shareholders

The Economy & Safety

While 2009 results were solid and the economic environment is improving, we recognize that we will continue to operate under a challenging environment in 2010. The Partnership's strong competitive position in both liquids and natural gas provides significant upside potential. We are fortunate to have a strong general partner in Enbridge Inc. and a smart, dedicated workforce.

Our commitment to the environment and our people remains strong. One area we always strive to improve is safety both for our employees and our neighbors around our facilities. We are committed to providing safe, reliable and environmentally responsible energy transportation options.

We are deeply saddened by the deaths of two Enbridge employees; the first fatality occurred during a hydrogen sulfide release at our gas treating plant near Bryans Mill, Texas, and the second, a traffic fatality in the Texas Panhandle. We strive every day to achieve a zero-tolerance safety record and work diligently to meet that goal. These incidents reinforce our focus on safety in 2010 and beyond.

We are in a much better financial position going into 2010 and will continue to work diligently to ensure long-term stability of our distribution. Our pledge to you is that we will continue to pursue growth opportunities that are accretive to our unitholders while maintaining our commitment to our sustainable business model that provides safe and reliable transportation services to our customers.