Issuer

Union Gas Limited

Utilities & Independent Power

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Summary

Union is a utility that provides natural gas distribution, transmission and storage services in Southwestern, Northern and Eastern Ontario, serving approximately 1.5 million customers. Union's common stock is held by Great Lakes Basin Energy L.P., a wholly owned limited partnership of Westcoast Energy Inc. (Westcoast; rated A (low), Stable by DBRS). Westcoast is indirectly owned by its ultimate parent, Enbridge.