Why Union Gas customers are happy-dancing today

NEWS RELEASE

ONTARIO ENERGY BOARD

************************* OEB issues rate adjustment for Union Gas Limited

TORONTO, September 14 - Today the Ontario Energy Board approved changes to natural gas commodity and delivery rates charged by Union Gas Limited (Union) effective October 1, 2009.

The new rates reflect two board decisions: the board's August 6, 2009b Decision approving Union's 2008 Deferral Accounts Disposition and the Quarterly Rate Adjustment Mechanism (QRAM).

The QRAM rates for the period October 1 to December 31 are as follows:

Northern rate zone

- Natural gas price cents/m(3): 19.7788

- Gas price adjustment cents/m(3): -11.5784

- Effective price cents/m(3): 8.2004

Northwestern rate zone

- Natural gas price cents/m(3): 19.5856

- Gas price adjustment cents/m(3): -11.5784

- Effective price cents/m(3): 8.0072

Fort Frances rate zone

- Natural gas price cents/m(3): 19.4377

- Gas price adjustment cents/m(3): -11.5784

- Effective price cents/m(3): 7.8593

Eastern rate zone

- Natural gas price cents/m(3): 19.9470

- Gas price adjustment cents/m(3): -11.5784

- Effective price cents/m(3): 8.3685

Southern rate zone

- Natural gas price cents/m(3): 19.9470

- Gas price adjustment cents/m(3): -8.6108

- Effective price cents/m(3): 11.3362

Depending on their location, consumers who purchase natural gas directly from Union (system gas customers), and who use 2,600 cubic meters (m(3)) a year, will see their bills will decrease between $95 and $113 annually as a result of the QRAM.

Consumers who purchase their natural gas from a natural gas marketer (direct purchase customers) will see a decrease between $0 and $5 to their annual bill.

Full rate schedules are available on the board's website.

The Deferral Account Disposition Decision results in a six month temporary credit reflected on bills starting October 1.

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 or contact the Consumer Relations Centre at 416-314-2455 or toll-free at 1-877-632-2727.

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