CALGARY, May 17, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that none of Enbridge’s outstanding Cumulative Redeemable Preference Shares, Series F (Series F Shares) will be converted into Cumulative Redeemable Preference Shares, Series G of Enbridge (Series G Shares) on June 1, 2018.

After taking into account all conversion notices received from holders of its outstanding Series F Shares by the May 17, 2018 deadline for the conversion of the Series F Shares into Series G Shares, less than the 1,000,000 Series F Shares required to give effect to conversions … Continue Reading

CALGARY, May 17, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that none of Enbridge’s outstanding Cumulative Redeemable Preference Shares, Series 1 (Series 1 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 2 of Enbridge (Series 2 Shares) on June 1, 2018.

After taking into account all conversion notices received from holders of its outstanding Series 1 Shares by the May 17, 2018 deadline for the conversion of the Series 1 Shares into Series 2 Shares, less than the 1,000,000 Series 1 Shares required to give effect to conversions … Continue Reading

CALGARY, May 10, 2018 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported first quarter 2018 financial results and provided a quarterly business update.

FIRST QUARTER HIGHLIGHTS

(all financial figures are unaudited and in Canadian dollars unless otherwise noted)

CALGARY, May 9, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) held its Annual General Meeting today.  On a vote by ballot during the regular business proceedings at the meeting, shareholders approved the election of all 12 nominated directors proposed by management as listed in the Proxy Statement dated March 12, 2018.  The detailed results of the vote for the election of directors are set out below.

Votes For

Votes Withheld

Nominee

#

%

#

%

Pamela L. Carter

1,075,052,909

98.85

12,477,512

1.15

Clarence P. Cazalot, Jr.

1,013,824,498

93.22

73,705,923

6.78

Marcel R … Continue Reading

Exceptions filed to Minnesota Public Utilities Commission Docket

CALGARY, May 9, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) and Enbridge Energy Partners, L.P. (NYSE:EEP) (collectively referred to as Enbridge) filed today its Exceptions to the Findings of Fact, Conclusions of Law and Recommendations of the Administrative Law Judge (ALJ) with the Minnesota Public Utilities Commission (MPUC). Following a comprehensive review of the non-binding ALJ recommendation on the Line 3 Replacement Project, Enbridge’s Exceptions filing reinforces the evidence on need and preferred route and will help inform the MPUC vote on the Line 3 Replacement Project in June … Continue Reading

CALGARY, May 9, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced its indirect subsidiary, Enbridge (U.S.) Inc., has entered into a definitive agreement to sell Midcoast Operating, L.P. and its subsidiaries (Midcoast), which conducts the Company’s U.S. natural gas and natural gas liquids (NGL) gathering, processing, transportation and marketing businesses, serving established basins in Texas, Oklahoma and Louisiana, to AL Midcoast Holdings, LLC (AL Midcoast) (an affiliate of ArcLight Capital Partners, LLC) for a cash purchase price of US$1.120 billion, subject to customary closing adjustments. The transaction is expected … Continue Reading

CALGARY, May 9, 2018 /CNW/ – Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) has entered into agreements with the Canada Pension Plan Investment Board (CPPIB) to monetize a 49 percent interest in select North American onshore renewable power assets, as well as 49 percent of Enbridge’s interests in two German offshore wind projects (Hohe See, and related expansion) through a newly created joint venture with CPPIB, for approximately CAD$1.75 billion.

The assets being contributed by Enbridge to the joint venture include all of Enbridge’s Canadian renewable power assets, held through Enbridge Income Fund, as well as … Continue Reading

CALGARY, May 4, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company), announced today that Westcoast Energy Inc. declared the following quarterly dividends:

A. 

5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7:  A dividend of 34.375 cents per share payable on July 15, 2018 to shareholders of record at the close of business on July 1, 2018.

B.

5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8:  A dividend of 35.000 cents per share payable on July 15, 2018 to shareholders of record at the close of business on July 1, 2018.

C.

CUMULATIVE FIVE-YEAR MINIMUM RATE RESET … Continue Reading

CALGARY, May 4, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company), announced today that Westcoast Energy Inc. declared the following quarterly dividends:

A. 

5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7:  A dividend of 34.375 cents per share payable on July 15, 2018 to shareholders of record at the close of business on July 1, 2018.

B.

5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8:  A dividend of 35.000 cents per share payable on July 15, 2018 to shareholders of record at the close of business on July 1, 2018.

C.

CUMULATIVE FIVE-YEAR MINIMUM RATE RESET … Continue Reading

CALGARY, May 2, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 1 (Series 1 Shares) (TSX: ENB.PR.V) on June 1, 2018. As a result, subject to certain conditions, the holders of the Series 1 Shares have the right to convert all or part of their Series 1 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 2 of Enbridge (Series 2 Shares) on June 1, 2018. Holders who do … Continue Reading

CALGARY, May 2, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series F (Series F Shares) (TSX: ENB.PR.F) on June 1, 2018. As a result, subject to certain conditions, the holders of the Series F Shares have the right to convert all or part of their Series F Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series G of Enbridge (Series G Shares) on June 1, 2018. Holders who do … Continue Reading

ALJ Acknowledges Need for the Project, but Route Recommendation Ignores State Analysis and Tribal Sovereignty

CALGARY and HOUSTON, April 25, 2018 /CNW/ – After review of the Minnesota Administrative Law Judge (ALJ) recommendation on the Line 3 Replacement Project released earlier this week, Enbridge Inc. (TSX: ENB) (NYSE: ENB) and Enbridge Energy Partners, L.P. (NYSE:EEP) (collectively referred to as Enbridge) commented on the recommendations. The ALJ’s recommendations are not binding on the Minnesota Public Utilities Commission (PUC) and Enbridge expects the PUC to vote on the Line 3 Replacement Project in June 2018.

Commenting on the ALJ recommendation, … Continue Reading