Union Gas customers will like this

NEWS RELEASE

ONTARIO ENERGY BOARD

************************* OEB approves rate changes for Union Gas Limited

Toronto - Today the Ontario Energy Board approved changes to the natural gas rates Union Gas Limited (Union) will charge its customers effective January 1, 2011. The natural gas commodity price consumers will pay for the period of January 1 to March 30, 2011 are as follows: Northern rate zone

- Natural gas price cents/m(3): 14.3036

- Gas price adjustment cents/m(3): -2.3296

- Effective price cents/m(3): 11.9740

Northwestern rate zone

- Natural gas price cents/m(3): 14.1996

- Gas price adjustment cents/m(3): -2.3296

- Effective price cents/m(3): 11.8700

Fort Frances rate zone

- Natural gas price cents/m(3): 14.1207

- Gas price adjustment cents/m(3): -2.3296

- Effective price cents/m(3): 11.7911

Eastern rate zone

- Natural gas price cents/m(3): 14.3931

- Gas price adjustment cents/m(3): -2.3296

- Effective price cents/m(3): 12.0635

Southern rate zone

- Natural gas price cents/m(3): 14.3931

- Gas price adjustment cents/m(3): -0.9036

- Effective price cents/m(3): 13.4895 Residential consumers who purchase natural gas directly from Union and use 2,600 cubic meters (m3) a year will pay approximately $0 to $9 less per year depending on which of Union’s five rate zones they live in.

The change reflects a decrease in what Union forecasts it will have to pay for the natural gas it supplies its customers over the next 12 months, as well as changes to the gas price adjustment, and other related adjustments for the period of January 1, 2011, to March 30, 2011.

The gas price adjustment represents the difference between actual gas commodity prices and the prices that were forecast last quarter. For more detailed information about this announcement visit our website. The Ontario Energy Board regulates the province’s electricity and natural gas sectors in the public interest.

It envisions a viable and efficient energy sector with informed consumers and works toward this vision through regulation that is effective, fair and transparent.

For more information on the board, please visit our website.

*************************