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Key Developments: Enbridge Inc (ENB.N)

ENB.N on New York Stock Exchange

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2 May 2016
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Latest Key Developments (Source: Significant Developments)

Enbridge Inc reaffirms FY 2015 EPS guidance
Friday, 31 Jul 2015 07:00am EDT 

Enbridge Inc:Says that it remain solidly on track to be within its FY 2015 adjusted earnings guidance range of $2.05 to $2.35 per share (EPS).FY 2015 EPS of $2.17 - Thomson Reuters I/B/E/S.  Full Article

Enbridge Inc reaches agreement to transfer Canadian liquids pipelines business and renewable energy assets to Enbridge Income Fund for $30.4 billion plus incentive/performance rights
Friday, 19 Jun 2015 07:30am EDT 

Enbridge Inc:Reaches agreement to transfer Canadian liquids pipelines business and renewable energy assets to Enbridge Income Fund for $30.4 billion plus incentive/performance rights.Says $30.4 billion transfer of Canadian mainline, regional oil sands system and Canadian renewable energy assets to Enbridge Income Fund.Says available cash flow from operations growth expected to average about 18 percent from 2014 to 2018.Says 14 to 16 percent expected annual average dividend per share growth from 2016 to 2018.Says consideration that Enbridge will receive upon closing will be $18.7 billion of units in the fund structure.Says Enbridge to remain as manager and operator of transferred assets.Says transaction is expected to provide Enbridge with an alternate source of funding.Says the fund will also assume debt of epi and epa of $11.7 billion.Financing plan for deal contemplates issuance by enf of $600 million to $800 million of public equity per year.Enbridge expects about $3 billion of its forecasted future equity requirements will be satisfied through enf through 2018.Consideration that Enbridge will receive will be $18.7 billion of units in the fund structure.Upon deal close, enbridge's overall economic interest in the fund, including all direct and indirect interests, expected to be about 90 percent.  Full Article

Enbridge Inc reaches agreement to transfer business and assets to Enbridge Income Fund Holdings Inc
Friday, 19 Jun 2015 07:30am EDT 

Enbridge Inc:Reaches agreement with Enbridge Income Fund to transfer its Canadian Liquids Pipelines Business, held by Enbridge Pipelines and Enbridge Pipelines Athabasca, and certain Canadian renewable energy assets to the Fund.The consideration payable at closing valued at $30.4 billion.  Full Article

Enbridge Inc reaffirms FY 2015 EPS guidance
Wednesday, 6 May 2015 07:00am EDT 

Enbridge Inc:Says it remain on track to deliver FY 2015 adjusted earnings per share within the guidance range of $2.05 to $2.35.FY 2015 EPS of $2.23 - Thomson Reuters I/B/E/S.  Full Article

Enbridge Inc declares common dividend
Wednesday, 6 May 2015 07:00am EDT 

Enbridge Inc:Declared quarterly dividend of 0.465 per common share.Payable on June 1.Record date May 15.  Full Article

Enbridge Inc makes formal proposal to transfer Canadian Liquids Pipeline business and renewable energy assets to Enbridge Income Fund
Tuesday, 31 Mar 2015 07:20pm EDT 

Enbridge Inc:Says that it has delivered formal proposal to boards of Enbridge Commercial Trust (ECT) and Enbridge Income Fund Holdings Inc to transfer Enbridge's Canadian Liquids Pipelines business to Enbridge Income Fund (the Fund).Canadian Liquids Pipelines business is comprised of Enbridge Pipelines Inc. (EPI) and Enbridge Pipelines (Athabasca) Inc. (EPA), along with certain renewable energy assets.  Full Article

Enbridge Inc reaffirms FY 2015 EPS guidance
Thursday, 19 Feb 2015 04:23pm EST 

Enbridge Inc:Says that guidance for FY 2015 adjusted earnings is $2.05 to $2.35 per common share (EPS).FY 2015 EPS of $2.27 - Thomson Reuters I/B/E/S.  Full Article

Enbridge Inc selected to provide crude oil pipeline for deepwater gulf of Mexico Development
Monday, 12 Jan 2015 04:15pm EST 

Enbridge Inc:Announces that it will build, own and operate a crude oil pipeline in the Gulf of Mexico to connect the planned Stampede development, operated by Hess Corporation, to an existing third-party pipeline system.Says the lateral pipeline is expected to cost about $0.13 billion and be operational in 2018.  Full Article

Enbridge Inc reviewing restructuring plan to drop down U.S. liquids pipeline assets to Enbridge Energy Partners LP
Wednesday, 3 Dec 2014 07:55pm EST 

Enbridge Inc:Says that it is reviewing potential restructuring plan that would involve transfer of its directly held U.S. liquids pipeline assets to Enbridge Energy Partners LP, a U.S. affiliate of Enbridge.Says that this review is underway and has not progressed to a conclusion.In the event that the company receive proposal from Enbridge, board of Enbridge Energy Management, L.L.C., delegate of EEP's general partner, would appoint special committee comprised of independent directors to review and consider any such proposal.Acceptance of proposal is subject to review and favorable recommendation by special committee and final approval by board.  Full Article

Enbridge Inc announces 33 pct. dividend increase
Wednesday, 3 Dec 2014 07:50pm EST 

Enbridge Inc:Says that its quarterly common share dividend will increase 33 pct. to $0.465 per share with next dividend payable March 1, 2015, to shareholders of record on Feb. 16, 2015.  Full Article

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Cenovus mulling diluent recovery unit at Alberta rail terminal

CALGARY, Alberta Cenovus Energy is looking into building a diluent recovery unit at its Bruderheim crude-by-rail terminal near Edmonton, Alberta, which would allow the company to ship raw bitumen in tank cars and save on condensate costs.

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