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Enbridge Inc (ENB.N)

ENB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Enbridge and Spectra Energy report completion of merger
Monday, 27 Feb 2017 08:31am EST 

Enbridge Inc :Enbridge and Spectra Energy complete merger.  Full Article

Enbridge Q4 adjusted EPS 56 Canadian cents
Friday, 17 Feb 2017 07:00am EST 

Enbridge Inc : Enbridge Inc - adjusted earnings were $522 million or $0.56 per common share for q4 . Enbridge Inc. Reports fourth quarter 2016 results . Q4 adjusted earnings per share c$0.56 . Q4 earnings per share c$0.39 . Q4 earnings per share view c$0.58 -- Thomson Reuters I/B/E/S . Enbridge Inc - qtrly revenue $9.34 billion versus $8.91 billion .Q4 revenue view c$9.31 billion -- Thomson Reuters I/B/E/S.  Full Article

Enbridge Partners with EnBW on 497-MW German offshore wind project
Friday, 17 Feb 2017 05:00am EST 

Enbridge Inc : Enbridge - Company to participate in construction,operation of project. Once in service in late 2019, company's total investment in project to be $1.7 billion . Enbridge - Has acquired an effective 50 percent ownership in 497-megawatt (MW) Hohe See offshore wind project from EnBW, who will retain the interest . Says project is expected to be strongly accretive in first full year of operations . Says equity financing needs for full $1.7-billion investment have been pre-funded through financing actions completed in Q4 of 2016 .Enbridge Inc - Enbridge's investment in 2017 will be $0.6 billion (eur0.44 billion) with remaining capital to be invested through to in-service date in 2019.  Full Article

Enbridge qtrly adjusted net income per unit $0.14
Thursday, 16 Feb 2017 04:00pm EST 

Enbridge Energy Partners Lp : Enbridge energy partners, l.p. Reports earnings for fourth quarter 2016 . Qtrly adjusted net income per unit of $0.14 . Enbridge energy partners lp - qtrly earnings per common unit $0.08 .Qtrly operating revenues $1,250.8 million versus $1,136.7 million.  Full Article

Enbridge Energy Partners expects 2017 adj. EBITDA to be $1.7 - $1.8 bln
Friday, 27 Jan 2017 06:01am EST 

Enbridge Energy Partners Lp : Enbridge Energy Partners, L.P. declares distribution for fourth quarter 2016; announces 2017 financial outlook and strategic review update . Enbridge Energy Partners - expects to meet 2016 adjusted EBITDA and distributable cash flow guidance of $1.8 - $1.9 billion and $860 - $920 million respectively . Enbridge Energy Partners LP - expects 2017 adjusted EBITDA and DCF to be $1.7 - $1.8 billion and $750 - $800 million, respectively . Enbridge Energy Partners - to sign joint funding agreement with Enbridge Energy Co, a unit of Enbridge Inc, for U.S. portion of Line 3 Replacement program . Enbridge Energy Partners LP - EECI will fund 99 percent and EEP will fund 1 percent of capital cost of U.S. L3R program . Enbridge Energy Partners LP - EECI will pay EEP approximately $450 million for its 99 percent interest in project . Enbridge Energy Partners - expects to use funds received from L3R joint funding agreement to exercise option under eastern access joint funding agreement .Enbridge Energy Partners - option under eastern access joint funding agreement is to acquire an additional 15 percent interest in eastern access project.  Full Article

Midcoast Energy says Enbridge Energy to buy all of co's outstanding units
Friday, 27 Jan 2017 06:01am EST 

Midcoast Energy Partners LP : Midcoast Energy Partners L.P. declares distribution for fourth quarter 2016; announces agreement for affiliate to acquire all publicly held common units . Midcoast Energy Partners LP - deal for US$170.2 million. . Midcoast Energy Partners LP - EECI will acquire, for cash, all of outstanding publicly held common units of MEP at a price of US$8.00 per common unit . Midcoast Energy - upon conversion of subordinated units owned by EEP, EEP will own approximately 52 percent of MEP's then outstanding common units . Midcoast Energy Partners LP - board of general partner of MEP, unanimously approved merger agreement .Midcoast Energy Partners LP - board of directors of its general partner declared a quarterly cash distribution of $0.3575 per unit.  Full Article

Enbridge announces privatization of Midcoast Energy Partners LP
Friday, 27 Jan 2017 06:00am EST 

Enbridge Inc : Enbridge announces privatization of midcoast energy partners lp and provides update on enbridge energy partners strategic review . Enbridge announces privatization of Midcoast Energy Partners LP and provides update on enbridge energy partners strategic review . Enbridge Inc - total consideration paid by enbridge for these units will be approximately US$170 million. . Enbridge Inc says mep is partial owner of Enbridge Energy Partners LP's ("eep") natural gas gathering and processing business . Enbridge Inc - strategic review of eep is ongoing and is expected to continue through Q2 of 2017. .Enbridge Inc says enbridge will continue working closely with eep on strategic review.  Full Article

Spectra Energy says CFIUS concludes review of combination of co and Enbridge
Wednesday, 21 Dec 2016 11:52am EST 

Spectra Energy Corp : Spectra Energy - Notice from CFIUS, has concluded review of combination of company and Enbridge - SEC filing .Spectra Energy - Determined there are no unresolved national security concerns with respect to proposed combination with Enbridge - SEC filing.  Full Article

Enbridge shareholders approved required resolutions in connection with Spectra deal
Thursday, 15 Dec 2016 05:20pm EST 

Enbridge Inc : Enbridge - co's shareholders overwhelmingly approved required resolutions in connection with merger transaction between co and Spectra Energy Corp .Enbridge- Of common shares of Enbridge voted, 99.42% of Enbridge shares voted in favour of issuance of Enbridge shares as consideration for transaction.  Full Article

Spectra Energy stockholders overwhelmingly approve merger with Enbridge
Thursday, 15 Dec 2016 05:19pm EST 

Spectra Energy Corp : Co, Enbridge expect to complete the merger in the first quarter of 2017 . Spectra Energy - approximately 73 percent of total outstanding shares of Spectra energy common stock were voted in favor of transaction .Spectra Energy stockholders overwhelmingly approve merger with Enbridge.  Full Article

More From Around the Web

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Canada's Enbridge to cut 1,000 jobs after buying Spectra

CALGARY, Alberta Canada's Enbridge Inc said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp of Houston, the first layoffs for the combined energy infrastructure company, the biggest in North America.