News Release
September 30, 2003


HALIFAX, Nova Scotia – Maritimes & Northeast Pipeline L.P. announced today that it has reached agreement with its customers and other stakeholders on Canadian tolls through its Tolls & Tariff Working Group (TTWG).

The settlement provides Maritimes & Northeast's customers with predictable tolls for transporting natural gas on the Canadian pipeline system through 2006 and eliminates the need for costly formal hearing processes during this period. The settlement was reviewed and approved by the National Energy Board on Sept. 17.

"We are very pleased to have a multi-year agreement in place," said Doug Bloom, president of Maritimes & Northeast Pipeline. “This agreement adds certainty for our customers active in this emerging basin."

The streamlined process consisted of settlement discussions with customers and other stakeholders and culminated on June 26 with the positive vote by TTWG members in favour of the agreement, which results in a 2004 Canadian toll set at Cdn $0.6774/GJ (Cdn $0.7147/MMBtu).

Maritimes & Northeast Pipeline and its customers also were successful in reaching negotiated toll settlements in 2001, 2002 and 2003.

The project sponsors of Maritimes & Northeast Pipeline are Duke Energy (75 percent), ExxonMobil (12.5 percent) and Emera Inc. (12.5 percent). Maritimes & Northeast is headquartered in Halifax, Nova Scotia and has offices in Boston, Mass. For more information, contact us on the Internet at

Contact: Stephen Rankin
Phone: 902/425-4293
24-Hour Phone: n/a