Profile: Enbridge Inc (ENB.N)
28 Jan 2015
Enbridge Inc. (Enbridge), incorporated on December 15, 1987, is an energy transportation and distribution company. As a transporter of energy, Enbridge operates, in Canada and the United States. The Company also has involvement in natural gas gathering, transmission, midstream businesses and power transmission. Enbridge owns and operates natural gas distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in more than 1,800 megawatt (MW) of renewable and alternative energy generating capacity and is expanding its interests in wind, solar and geothermal facilities. The Company’s activities are carried out through five business segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments and Corporate.
Liquids Pipelines consisted of the ownership and operation of crude oil and other liquid hydrocarbons pipelines and terminals in Canada and the United States. The principal assets in this business segment include: the Canadian Mainline, a common carrier system through which the Company transports various grades of oil and other liquid hydrocarbons from western Canada to the Midwest region of the United States and eastern Canada; Regional Oil Sands, a series of contract pipelines that transport crude oil and other liquid hydrocarbons from production sites in the Western Canadian Sedimentary Basin (WCSB) to connection points in central Alberta to the Canadian Mainline and other long-haul systems; Southern Lights, which transports hydrocarbon diluent from markets in the United States Midwest to producers in the WCSB; Spearhead Pipeline, a contract pipeline which transports various grades of crude oil from the United States Midwest to hub terminals in Cushing, Oklahoma; and an interest in the Seaway pipeline, which, under committed and uncommitted tolling agreements, transports various grades of crude oil from Cushing, Oklahoma to the United States Gulf Coast.
Gas Distribution consists of the Company’s natural gas utility operations, the core of which is Enbridge Gas Distribution Inc., which serves residential, commercial and industrial customers, primarily in central and eastern Ontario as well as northern New York State. This business segment also includes natural gas distribution activities in Quebec and New Brunswick.
Gas Pipelines, Processing and Energy Services
Gas Pipelines, Processing and Energy Services consists of investments in natural gas pipelines, gathering and processing facilities and the Company’s energy services businesses, along with renewable energy and transmission facilities. Investments in natural gas pipelines include the Company’s interests in the United States portion of the Alliance System (Alliance Pipeline US), the Vector Pipeline (Vector) and transmission and gathering pipelines in the Gulf of Mexico. Investments in natural gas processing include the Company’s interest in Aux Sable, a natural gas fractionation and extraction business located near the terminus of the Alliance System (Alliance). The energy services businesses undertake physical commodity marketing activity and logistical services, refinery supply services and manage the Company’s volume commitments on the Alliance, Vector and other pipeline systems.
Sponsored Investments includes the Company’s 20.6% ownership interest in Enbridge Energy Partners, L.P. (EEP). Enbridge, through its subsidiaries manages the day-to-day operations of, and develops and assesses opportunities for each of these investments, including both organic growth and acquisition opportunities. EEP transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines including the Lakehead Pipeline System which is the United States portion of the Enbridge mainline system, and transports, gathers, processes and markets natural gas and natural gas liquid (NGL).
3000, Fifth Avenue Place,
425 - 1st Street S.W.
CALGARY AB T2P 3L8
Company Web Links
- Enbridge's Edmonton to Hardisty pipeline to start up around April 1
- Enbridge sees oil pipeline squeeze despite low prices
- UPDATE 1-Suncor expects Enbridge Line 9B to start up towards end of Q2 2015
- U.S. crude oil pipeline projects: Kinder Morgan acquiring Hiland Crude
- Suncor expects Enbridge Line 9B to start up towards end of Q2 2015