DBRS Releases Report on Westcoast Energy Inc.

Dominion Bond Rating Service (“DBRS”) has issued a credit report today on Westcoast Energy Inc. (“Westcoast” or the “Company”). The report provides the detailed rationale for DBRS’s confirmation, and removal from “Under Review with Developing Implications”, of the Company’s ratings on September 20, 2005. The report also incorporates an analysis of recent events at Westcoast, including the recent filing of a final prospectus for an initial public offering (IPO) of trust units of the newly formed Duke Energy Income Fund (“DEIF”). Westcoast will be the majority owner and sponsor of DEIF following closing of the IPO.

The report and a copy of the September 20, 2005, press release are available at www.dbrs.com.