CALGARY, Feb. 18, 2020 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 11 (Series 11 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 12 of Enbridge (Series 12 Shares) on March 1, 2020.

After taking into account all conversion notices received from holders of its outstanding Series 11 Shares by the February 18, 2020 deadline for the conversion of the Series 11 Shares into Series 12 Shares, less than the 1,000,000 Series 11 Shares required to give effect to conversions … Continue Reading

CALGARY, Feb. 14, 2020 /CNW/ – Enbridge Inc. (TSX:ENB) (NYSE:ENB) has filed its Form 10-K for the year ended December 31, 2019, with the United States Securities and Exchange Commission. Enbridge has also filed its audited Consolidated Financial Statements and related Management’s Discussion and Analysis for the year ended December 31, 2019, with Canadian securities regulatory authorities.

Copies of these documents are available electronically at www.sec.gov (U.S. filings) or www.sedar.com (Canadian filings) or the Company’s website at http://www.enbridge.com/investment-center/reports-and-sec-filings/sec-filings and http://www.enbridge.com/investment-center/reports-and-sec-filings/investor-documents-and-filings. Printed copies of the Consolidated Financial Statements and Management’s Discussion and Analysis are available on request … Continue Reading

CALGARY, Feb. 14, 2020 /CNW/ – Enbridge Inc. (TSX:ENB) (NYSE:ENB) is pleased to announce that its Board of Directors has appointed Gregory J. Goff as a director of Enbridge.

Mr. Goff has more than 30 years of energy industry experience, most recently as Executive Vice Chairman of Marathon Petroleum Corporation. Prior thereto, he was President and Chief Executive Officer of Andeavor until October 2018. Mr. Goff is currently a director of PolyOne Corporation. 

“On behalf of the Board of Directors of Enbridge, we are very pleased to welcome Greg to the Enbridge Board. His extensive energy industry experience makes … Continue Reading

CALGARY, Feb. 14, 2020 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported fourth quarter and full year 2019 financial results and provided a quarterly business update.

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

HOUSTON, Feb. 13, 2020 /CNW/ – NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today that they have entered into a definitive agreement whereby Enbridge will acquire Rio Bravo Pipeline Company, LLC (RBPL) from NextDecade for a cash purchase price not to exceed $25 million, with $15 million paid at closing and the balance paid upon NextDecade’s reaching a positive final investment decision (FID) on its Rio Grande LNG export facility in the Port of Brownsville, Texas.

Upon closing of the transaction, Enbridge will own one hundred percent of RBPL and … Continue Reading

Pipeline replacement project to move forward

CALGARY and DULUTH, MN, Feb. 3, 2020 /CNW/ – Enbridge Inc. (NYSE: ENB) (TSX: ENB) said it is pleased with today’s ruling by the Minnesota Public Utilities Commission (MPUC) that the Line 3 Replacement Project (L3RP)’s second revised Final Environmental Impact Statement (FEIS) is adequate. The MPUC also reaffirmed L3RP’s applications for a certificate of need and pipeline routing permit. 

“After nearly five years of community engagement, environmental review, regulatory and legal review, it’s good to see the Line 3 Replacement Project move forward,” said Vern Yu, Executive Vice President, Liquids Pipelines. … Continue Reading

CALGARY, Jan. 31, 2020 /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 11 (Series 11 Shares) (TSX: ENB.PF.C) on March 1, 2020. As a result, subject to certain conditions, the holders of the Series 11 Shares have the right to convert all or part of their Series 11 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 12 of Enbridge (Series 12 Shares) on March 1, 2020. Holders who do … Continue Reading

CALGARY, Dec. 31, 2019 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) today announced the closing of the agreement through which Enbridge has sold a number of federally-regulated natural gas gathering and processing assets in British Columbia (“G&P Business”) to Brookfield Infrastructure (NYSE: BIP) (TSX: BIP.UN) and its institutional partners (collectively, “Brookfield”). These federally-regulated assets represent the second phase of the $4.3 B transaction, previously announced on July 4, 2018. 

Enbridge has now closed the complete sale of the Canadian G&P Business, which includes 19 provincially and federally-regulated natural gas processing plants and 3,550 kilometres of natural … Continue Reading

CALGARY, Dec. 23, 2019 /CNW/ – Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) announced today a correction to its press release issued on December 10, 2019 in respect of the dividend amount declared on its Preference Shares, Series 9 only. In the press release, the dividend amount payable March 1, 2020 to shareholders of record on February 14, 2020 was misstated as $0.26926. The correct amount is $0.25606.  

About Enbridge Inc

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality … Continue Reading

CALGARY, Dec. 19, 2019 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) submitted today an application to the Canada Energy Regulator (CER) to implement contracting on the company’s Mainline pipeline system.

The application for contracted and uncommitted service includes the associated terms, conditions and tolls of each service which would be offered in an open season following approval by the CER.  The tolls and services will replace the current tolling settlement that is in place until June 30, 2021.

“We are moving to a contracted Mainline system in response to what our customers have … Continue Reading

CALGARY, Dec. 10, 2019 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX:ENB)(NYSE:ENB) announced its 2020 dividend and financial guidance and provided an update on its strategic priorities, which will be further discussed at the Company’s investor conference today in New York.

Highlights

HOUSTON, Dec. 9, 2019 /CNW/ – Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge) and Enterprise Products Partners L.P. (NYSE: EPD) (Enterprise) announced today they have agreed to jointly develop and market a deep-water offshore crude oil export terminal capable of fully loading Very Large Crude Carriers (VLCCs).

Under the terms of the Letter of Intent (LOI), Enbridge and Enterprise will work to finalize an equity participation agreement (Agreement). The Agreement would allow Enbridge an option to purchase an ownership interest in Enterprise’s Sea Port Oil Terminal (SPOT), subject to SPOT receiving a deep-water port license. The parties intend to initially focus commercial … Continue Reading