CALGARY, Alberta — Enbridge has entered into a definitive agreement with FortisBC Holdings Inc. to acquire its interest in FortisBC Midstream Inc., which holds a 93.8% interest in Aitken Creek Gas Storage facility and a 100% interest in Aitken Creek North Gas Storage facility for $294.68 million, subject to customary closing adjustments.

Aitken Creek Storage is an underground reservoir located about 75 miles northeast of Fort St. John, B.C., and is the largest and only underground natural gas storage facility in B.C., totaling 77 billion cuf of working gas capacity.

Located in the heart of the prolific Montney production region, Aitken Creek Storage is an integral part of the natural gas transmission system inWestern Canada and the only storage facility that connects to all three major long-haul natural gas transportation lines inWestern Canada including Enbridge’s Westcoast Pipeline and Alliance Pipeline.