Profile: Enbridge Inc (ENB.N)
2 Dec 2016
Enbridge Inc. (Enbridge), incorporated on December 15, 1987, is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States. The Company is also involved in natural gas gathering, transmission and midstream businesses. It provides natural gas distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in over 2,200 megawatts (MW) of renewable and alternative energy generating capacity and is involved in holding its interests in wind, solar and geothermal power.
The Company's Liquids Pipelines segment consists of ownership and operation of crude oil and other liquid hydrocarbons pipelines and terminals in Canada and the United States. The primary assets in this business segment include an interest in the Seaway Crude Pipeline System, which transports various grades of crude oil from Cushing, Oklahoma to the United States Gulf Coast; an interest in the Flanagan South Pipeline project, which transports crude oil from the Company's terminal at Flanagan, Illinois to Cushing, Oklahoma; the Spearhead Pipeline, a long-haul pipeline, which transports various grades of crude oil from Flanagan, Illinois to Cushing, Oklahoma; the Southern Access Extension, a pipeline, which transports crude oil from Flanagan, Illinois to Patoka, Illinois, and other feeder pipelines, which primarily includes the Company's interest in Olympic Pipe Line Company, the Norman Wells System, interests in a range of liquids pipelines in the United States, including the Toledo Pipeline, which connects with the Enbridge Energy Partners, L.P. (EEP) mainline at Stockbridge, Michigan, and the Company's joint venture interest in Eddystone Rail.
The Company's Gas Distribution segment consists of its natural gas utility operations, the core of, which is Enbridge Gas Distribution Inc. (EGD), 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, primarily through Enbridge Gas New Brunswick (EGNB), which is operated by the Company. EGD consists of various interrelated aspects of the natural gas distribution business, including distribution service, gas supply, transportation and storage. EGD's primary storage facilities are located in southwestern Ontario, near Dawn, and have a total working capacity of approximately 110 billion cubic feet (bcf).
Gas Pipelines, Processing and Energy Services
The Company's Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and its energy services businesses, along with renewable energy and transmission facilities. Investments in natural gas processing include the Company's interest in the Vector Pipeline 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 extraction and fractionation business located near the terminus of the Alliance Pipeline and Canadian Midstream assets located in northeast British Columbia and northwest Alberta. The energy services businesses undertake physical commodity marketing activity and logistical services, oversee refinery supply services and manage the Company's volume commitments on Alliance Pipeline, Vector Pipeline and other pipeline systems.
The Company's Sponsored Investments segment includes its interest in EEP, and its interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy, Limited Partnership (EELP). The primary operations of it include Liquids Pipelines, Gas Pipelines and Green Power. The Liquids Pipelines business operates a crude oil gathering system and trunkline pipeline in southern Saskatchewan and southwestern Manitoba, connecting to the Mainline System (collectively, the Canadian Mainline and the Lakehead Pipeline System (the Lakehead System)) at Cromer, Manitoba. In addition, Liquids Pipelines includes the Canadian portion of the Bakken Expansion Pipeline, an interest in Southern Lights Pipeline, as well as the Hardisty Contract Terminals and Hardisty Storage Caverns located near Hardisty, Alberta. The Canadian Mainline is a common carrier pipeline system, which transports various grades of oil and other liquid hydrocarbons within western Canada and from western Canada to the Canada/United States border near Gretna, Manitoba and Neche, North Dakota and from the United States/Canada border near Port Huron, Michigan and Sarnia, Ontario to eastern Canada and the northeastern United States. The Canadian Mainline includes approximately six adjacent pipelines, with combined design operating capacity of approximately 2.85 million barrels per day (bpd) that connect with the Lakehead System at the Canada/United States border (and form the Mainline System), as well as approximately four crude oil pipelines and approximately one refined products pipeline that deliver into eastern Canada and the northeastern United States. It also includes certain related pipelines and infrastructure, including decommissioned and deactivated pipelines.
The Alliance Pipeline, which includes both the Canadian and the United States portion of Alliance Pipeline, consists of approximately 3,000 kilometers of integrated, high-pressure natural gas transmission pipeline and approximately 860 kilometers of lateral pipelines and related infrastructure. Alliance Pipeline transports natural gas from northeast British Columbia, northwest Alberta and the Bakken area in North Dakota to the Alliance Chicago gas exchange hub downstream of the Aux Sable natural gas liquid (NGL) extraction and fractionation plant at Channahon, Illinois. EEP owns and operates crude oil and liquid petroleum transportation and storage assets, natural gas and NGL gathering, treating, processing and transportation assets and marketing assets in the United States. EEP holds its natural gas and NGL businesses directly and indirectly through its subsidiary, Midcoast Energy Partners L.P. (MEP). Its assets include the Lakehead System, which is the extension of the Canadian Mainline in the United States, the Mid-Continent Crude Oil System consisting of an interstate crude oil pipeline and storage facilities, a crude oil gathering system and interstate pipeline system in North Dakota and natural gas assets located primarily in Texas. Subsidiaries of the Company provide services to EEP in connection with the operation of its liquids assets, including the Lakehead System. The United States portion of the Alberta Clipper Pipeline connects with the Canadian portion of the Alberta Clipper Pipeline at the border near Neche, North Dakota and provides transportation service to Superior, Wisconsin.
The Company's Corporate segment consists of a range of functions, including Finance, Human Resources, Information Technology, Legal, Public and Government Affairs and other back-office functions. Corporate segment also consists of the Company's investment in Noverco Inc.
East Tower-Fifth Avenue Place
200-425 1 St SW
CALGARY AB T2P 3L8
Company Web Links
- BRIEF-Enbridge increases size of preferred share offering
- BRIEF-Enbridge announces $500 million preferred share offering
- Canada's Enbridge mulls up to $4.5 billion in extra divestitures
- UPDATE 3-Canada's Enbridge mulls up to $4.5 bln in extra divestitures
- BRIEF-Enbridge 2016 maintenance capital may be below C$800-C$850 mln