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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 increases size of preferred share offering
Tuesday, 15 Nov 2016 02:08pm EST 

Enbridge Inc : Aggregate gross proceeds of offering will be $750 million . Says size of offering has been increased to 30 million from 20 million .Enbridge increases size of preferred share offering.  Full Article

Enbridge announces $500 million preferred share offering
Tuesday, 15 Nov 2016 09:17am EST 

Enbridge Inc : Enbridge Inc - To sell 20 million cumulative redeemable minimum rate reset preference shares, series 17 at a price of $25.00 per share . Enbridge Inc says proceeds are expected to be used to partially fund capital projects, to reduce existing indebtedness .Enbridge announces $500 million preferred share offering.  Full Article

Enbridge Energy Partners declares distribution and reports earnings for Q3
Monday, 31 Oct 2016 06:00am EDT 

Enbridge Energy Partners Lp : Qtrly adjusted net income per unit $ 0.09 . Qtrly net loss per unit $1.31 . Enbridge energy-on track to achieve near top-end FY adjusted ebitda and distributable cash flow guidance of $1.8 - $1.9 billion and $860 - $920 million, respectively . Qtrly operating revenues $1,120.6 million versus $1,267.7 million .Enbridge Energy Partners, L.P. declares distribution and reports earnings for third quarter 2016.  Full Article

Enbridge inc. Announces $1.075-billion sale of South Prairie region assets
Thursday, 29 Sep 2016 05:15pm EDT 

Enbridge Inc : Enbridge Inc says closing of transaction is expected to occur around end of Q4 of 2016 . Transaction is accretive to Fund Group's available cash flow from operations on a per unit basis . Assets divested on thursday do not include bakken expansion pipeline . An affiliate of Enbridge income fund entered into an agreement for sale of fund's liquids pipelines assets in south prairie region to tundra energy marketing . Assets do not include Bakken expansion pipeline . Announces $1.075 Billion sale of South Prairie region assets . As part of purchase and sale agreement, shipper commercial arrangements and contracts are expected to remain in place . Assets being sold are liquids pipelines and related facilities in Southeast Saskatchewan and Southwest Manitoba . Expected that crude oil and NGL volumes delivered from assets will continue to flow onto enbridge mainline at Cromer .As part of purchase and sale agreement, shipper commercial arrangements and contracts are expected to remain in place.  Full Article

Moody's affirms Enbridge on Spectra announcement
Tuesday, 6 Sep 2016 04:37pm EDT 

Moody's : Moody's affirms Enbridge and subsidiaries on spectra announcement; outlooks remain negative .Maintaining a negative rating outlook for enbridge until company executes transaction, large capital program in 2017 and deleveraging plans.  Full Article

S&P affirms Enbridge Inc., Enbridge Pipelines Inc. ratings at 'BBB+' on announced merger with Spectra Energy Corp
Tuesday, 6 Sep 2016 02:22pm EDT 

S&P Global Ratings:Enbridge Inc., Enbridge Pipelines Inc. ratings affirmed at 'BBB+' on announced merger with Spectra Energy Corp..  Full Article

Moody's affirms Spectra Energy ratings, stable outlook
Tuesday, 6 Sep 2016 02:01pm EDT 

Moody's:Moody's affirms Spectra Energy ratings, stable outlook.  Full Article

Enbridge will assume about $22 bln of existing Spectra debt - Conf Call
Tuesday, 6 Sep 2016 09:37am EDT 

Enbridge Inc : Will assume about $22 billion of existing Spectra debt . Said about 694 million new shares issued Further company coverage: [ENB.TO] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Enbridge to buy Spectra in a deal valued at about C$37 billion
Tuesday, 6 Sep 2016 06:59am EDT 

Spectra Energy Corp : Enbridge and Spectra energy to combine to create North America's premier energy infrastructure company with C$165 billion enterprise value . Enbridge and Spectra Energy to combine to create North America's premier energy infrastructure company with c$165 billion enterprise value . Spectra Energy shareholders will receive 0.984 shares of combined company for each share of Spectra Energy common stock they own . Transaction was unanimously approved by boards of directors of both companies and is expected to close in q1 of 2017 . Deal for C$37 billion (US$28 billion) . Upon completion of transaction, Enbridge shareholders are expected to own approximately 57 percent of combined company . Consideration to be received by Spectra Energy shareholders is valued at US$40.33 per Spectra Energy share . Combined company will be called Enbridge Inc . Upon completion of transaction, Spectra Energy shareholders are expected to own approximately 43 percent of combined co . Consideration to be received by spectra energy shareholders is valued at US$40.33 per Spectra Energy share . Upon completion of transaction, Enbridge shareholders are expected to own approximately 57 percent of combined company . Upon closing of transaction, Al Monaco will continue to serve as president and chief executive officer of combined company . Greg Ebel will serve as non-executive chairman of Enbridge's board of directors.  Full Article

Enbridge Energy plans to defer implementation of Sandpiper beyond co's current 5-yr planning horizon
Thursday, 1 Sep 2016 05:42pm EDT 

Enbridge Inc : Enbridge Energy Partners, L.P. plans to defer implementation of Sandpiper beyond company's current five-year planning horizon . Has confirmed that its consolidated funding plan through 2019 is not expected to require any incremental equity capital as a result of events . Negotiated tentative joint funding arrangement with EEP through which equity investment in Bakken pipeline will be jointly funded . Anticipated investment in Bakken pipeline will be jointly funded 75 percent by Enbridge, through Enbridge energy company and 25 percent by EEP .Affiliate will withdraw regulatory applications pending with Minnesota Public Utilities Commission associated with Sandpiper project.  Full Article

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