Enbridge Archives - Page 6 of 6

With Keystone XL Dead, Environmental Groups Turn to Obama to Kill Alberta Clipper Expansion

December 11, 2015

Following judge’s confirmation of Enbridge’s legal authority to carry out 430 MMBOPD Alberta Clipper expansion U.S. District Judge Michael Davis in Minnesota rejected key parts of a lawsuit brought against Enbridge Inc. (ticker: ENB) over the expansion of the company’s Alberta Clipper pipeline. Environmental groups, including the Sierra Club, and tribal groups sought to stop the expansion of the Alberta

45% of U.S. Crude Oil Imports Come from Canada

November 12, 2015

The U.S. imports almost three times as much crude from Canada than it does from the Persian Gulf Even without the 800 MBOPD capacity of TransCanada’s Keystone XL pipeline, crude oil imports from Canada make up 45% of crude shipped into the United States. As of August, imports from Canada were almost three times as much as imports from all

Enbridge Acquires 24.9% Interest in UK Offshore Wind Project

November 5, 2015

CALGARY, ALBERTA–(Marketwired – Nov. 5, 2015) – Enbridge Inc. (TSX:ENB)(NYSE:ENB) (the “Company”) today announced the acquisition of a 24.9 percent interest in the 400 megawatt (MW) Rampion Offshore Wind Project (the “project”) in the UK. The Company’s total investment in the project is expected to be CAD $750 million (£370 million) inclusive of all interest during construction, transaction costs and

Enbridge Reports Third Quarter Financial Results

November 5, 2015

HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Third quarter loss was $609 million and nine months loss was $415 million, both including the impact of a number of unusual, non-recurring or non-operating factors Third quarter and nine months adjusted earnings were $399 million and $1,372 million, respectively, or $0.47 and $1.62 per common share,

Pipelines Figure Prominently in Canada’s PM Race

October 5, 2015

The race for the position of Canadian Prime Minister continues as the October 19 elections approach, and candidates continue to spar over the importance of various pipeline projects throughout Canada. National polls last week showed the Conservatives at 31%, the Liberals at 30% and the New Democratic Party (NDP) at 29%, putting the Conservatives, the party of Canada’s current prime

Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge Inc. Subsidiary

August 11, 2015

Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge Inc. Subsidiary CALGARY, ALBERTA–(Marketwired – Aug. 10, 2015) – Enbridge Pipelines Inc. (EPI) today announced that it has completed its transfer of EPI’s ownership interest in Enbridge Energy Company, Inc., a wholly-owned U.S. subsidiary of EPI, to a wholly-owned subsidiary of Enbridge Inc. (“U.S. Reorganization”).

Enbridge Reports Q2 Earnings

July 31, 2015

Enbridge Reports Second Quarter Adjusted Earnings of $505 Million or $0.60 Per Common Share and Available Cash Flow From Operations of $808 Million or $0.96 Per Common Share HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Second quarter earnings were $577 million and six months earnings were $194 million, both including the impact of a

Enbridge Boosts Dividends, Transfers $30.4 Billion of Assets to Income Fund

June 19, 2015

Enbridge Income Fund Receives Canadian Oil Sands System and Renewables Enbridge (ticker: ENB) followed through on its April 2015 proposal to transfer assets to its Income Fund, swapping ownership of its Canadian Mainline, Regional Oil Sands System and Canadian renewable assets for a closing value of $30.4 billion. The value includes $18.7 billion of units in the fund structure and

Enbridge Reports First Quarter Results

May 6, 2015

Enbridge Reports First Quarter Adjusted Earnings of $468 Million or $0.56 Per Common Share CALGARY, ALBERTA–(Marketwired – May 6, 2015) – HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) First quarter loss was $383 million, including the impact of net unrealized non-cash mark-to-market losses First quarter adjusted earnings were $468 million or $0.56 per common

Enbridge Makes Formal Proposal to Transfer Canadian Liquids Pipeline Business and Renewable Energy Assets to Enbridge Income Fund

April 1, 2015

– $17 billion book value of assets and $15 billion of secured growth projects under development proposed to be transferred – Accretion expected to add 10% to Enbridge adjusted earnings per share from 2015 through 2018 – EIFH dividend growth rate expected to average 10% per year from 2015 to 2019 CALGARY, ALBERTA–(Marketwired – March 31, 2015) – Enbridge Inc. (TSX:ENB)

Enbridge Announces Closing of Common Unit Letter Offerings

March 13, 2015

Enbridge Energy Partners, L.P. Announces Closing of Common Unit Offering HOUSTON, TX–(Marketwired – Mar 13, 2015) – Enbridge Energy Partners, L.P. (NYSE: EEP) (the “Partnership”) announced the closing of its previously announced public offering of 8 million of its Class A Common Units that priced on March 10, 2015, for net proceeds of approximately $288.6 million after deducting underwriting discounts and

Enbridge Announces Plans to Increase Dividends by More than 30%

December 4, 2014

Enbridge Inc. (ticker: ENB), the operator of the world’s longest crude oil transportation system, today announced a 33% increase to its next quarterly common share dividend, as well as a Canadian restructuring plan and corresponding new dividend payout policy range. These actions are intended to enhance the value to investors of the company’s organic growth capital program and enhance the

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