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Enbridge Inc (ENB.TO)

ENB.TO on Toronto Stock Exchange

41.65CAD
3 Jul 2020
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$0.07 (+0.17%)
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Latest Key Developments (Source: Significant Developments)

Enbridge Resumes Partial Operation Of Line 5 Dual Pipelines
Thursday, 2 Jul 2020 

July 1 (Reuters) - Enbridge Inc ::ENBRIDGE RESUMES PARTIAL OPERATION OF LINE 5 DUAL PIPELINES.ENBRIDGE INC - WILL CONDUCT AN INLINE INSPECTION TOOL RUN ON WEST SEGMENT.ENBRIDGE INC - EAST SEGMENT OF LINE 5 WILL REMAIN SHUT DOWN.  Full Article

Enbridge Says Disappointed In Court’s Ruling As Co Believes That Line 5 Is Safe
Friday, 26 Jun 2020 

June 25 (Reuters) - Enbridge Inc ::ENBRIDGE SAYS 'DISAPPOINTED IN THE COURT’S RULING AS WE BELIEVE THAT LINE 5 IS SAFE; HOWEVER, THE WEST LEG OF LINE 5 HAS BEEN SHUT DOWN'.ENBRIDGE SAYS INSPECTIONS HAVE DETERMINED THAT WEST SEGMENT OF LINE 5 CROSSING STRAITS IS SAFE FOR OPERATIONS.ENBRIDGE - WILL BE PROVIDING COURT WITH INFORMATION IT HAS REQUESTED RELATING TO PHMSA’S APPROACH TO ASSESSING CURRENT SITUATION WITH LINE 5.  Full Article

EDF Renewables, Enbridge And wpd Start Construction Of Fecamp Offshore Wind Farm
Tuesday, 2 Jun 2020 

June 2 (Reuters) - Electricite de France SA ::FÉCAMP OFFSHORE WIND FARM STARTS CONSTRUCTION.TOTAL PROJECT CAPITAL COST IS ESTIMATED TO BE EUR2 BILLION, OF WHICH THE MAJORITY WILL BE FINANCED THROUGH NON-RECOURSE PROJECT LEVEL DEBT.FÉCAMP OFFSHORE WIND FARM IS UNDERPINNED BY A 20-YEAR POWER PURCHASE AGREEMENT (PPA) GRANTED BY THE STATE, IN JUNE 2018.500 MW FÉCAMP OFFSHORE WIND FARM WILL BE COMPOSED OF 71 WIND TURBINES LOCATED BETWEEN 13KM AND 22KM FROM THE COAST OF NORTHWEST FRANCE.PROJECT COMMISSIONING IS SCHEDULED IN 2023.  Full Article

Enbridge Inc Says CER Establishes Mainline Contracting Regulatory Process
Wednesday, 20 May 2020 

May 19 (Reuters) - Enbridge Inc ::ENBRIDGE INC - CER ESTABLISHES MAINLINE CONTRACTING REGULATORY PROCESS.ENBRIDGE -CANADA ENERGY REGULATOR COMMENT ON REGULATORY PROCESS FOR PROPOSAL TO OFFER CONTRACTED TRANSPORTATION SERVICE ON MAINLINE PIPELINE SYSTEM.ENBRIDGE - REGULATOR SAYS REGULATORY PROCESS WILL PROCEED IN SINGLE PHASE HEARING PROCESS THAT BALANCES NEED TO ADDRESS PANDEMIC-RELATED CHALLENGES.ENBRIDGE -REGULATOR SAYS REGULATORY PROCESS WILL PROCEED IN SINGLE PHASE HEARING THAT ALSO BALANCES COMMISSION'S MANDATE TO ADJUDICATE APPROPRIATELY.  Full Article

Enbridge Reports Strong Q1 2020 Results; Re-Affirms Outlook
Thursday, 7 May 2020 

May 7 (Reuters) - Enbridge Inc ::ENBRIDGE REPORTS STRONG FIRST QUARTER 2020 RESULTS; RE-AFFIRMS OUTLOOK.Q1 ADJUSTED EARNINGS PER SHARE C$0.83.Q1 EARNINGS PER SHARE ESTIMATE C$0.74 -- REFINITIV IBES DATA.Q1 LOSS PER SHARE C$0.71.QTRLY DISTRIBUTABLE CASH FLOW WAS $2,706 MILLION, COMPARED WITH $2,758 MILLION.REAFFIRMED FINANCIAL GUIDANCE RANGE FOR 2020 DISTRIBUTABLE CASH FLOW PER SHARE OF $4.50 TO $4.80/SHARE.ENBRIDGE-BELIEVE VOLUMES WILL RECOVER IN H2 AS COVID-19 RELATED RESTRICTIONS ARE SLOWLY LIFTED, MOBILITY GRADUALLY RETURNS TO NORTH AMERICA IN Q3 & Q4.WE PLAN TO REDUCE 2020 COSTS BY APPROXIMATELY $300 MILLION.DEFERRING ABOUT $1 BILLION OF 2020 SECURED GROWTH CAPITAL SPENDING TO REFLECT REFINED EXECUTION SCHEDULES IN LIGHT OF COVID-19.DON'T EXPECT TO BE ENTIRELY IMMUNE TO COVID-19 IMPACTS IN NEAR TERM."THE GLOBAL ECONOMY HAS SEVERELY CONTRACTED AND WE'RE EXPERIENCING ENERGY DEMAND DISRUPTION ON A SCALE THAT WE HAVEN'T SEEN BEFORE".ENBRIDGE-AGREEMENT TO SELL 49% OF INTEREST IN 3 OFFSHORE WIND PROJECTS UNDER DEVELOPMENT IN FRANCE TO CPP INVESTMENTS FOR PROCEEDS EXCEEDING $100 MILLION.ENBRIDGE - NON-CASH IMPAIRMENT OF CO'S INVESTMENT IN DCP MIDSTREAM OF $1,736 MILLION, NON-CASH UNREALIZED DERIVATIVE FAIR VALUE LOSSES OF $1,956 MILLION IN Q1.SOLD $0.4 BILLION OF ASSETS IN Q1.  Full Article

Enbridge Declares Quarterly Dividend Of $0.81 Per Common Share
Wednesday, 6 May 2020 

May 5 (Reuters) - Enbridge Inc ::ENBRIDGE INC - DECLARED A QUARTERLY DIVIDEND OF $0.81 PER COMMON SHARE.  Full Article

Canada Energy Regulator - Notified By Enbridge Of An Above Ground Release Of Approximately 150 Cubic Metres Of Sweet Crude Oil.
Saturday, 2 May 2020 

May 1 (Reuters) - The Canada Energy Regulator::CANADA ENERGY REGULATOR - NOTIFIED BY ENBRIDGE OF AN ABOVE GROUND RELEASE OF APPROXIMATELY 150 CUBIC METRES OF SWEET CRUDE OIL..CANADA ENERGY REGULATOR - INCIDENT OCCURRED AT ENBRIDGE'S HERSCHEL PUMP STATION IN SASKATCHEWAN; THERE IS NO RISK TO PUBLIC SAFETY.CANADA ENERGY REGULATOR - ENBRIDGE REPORTED MAJORITY OF SPILL WAS CONTAINED TO CO'S PROPERTY WITH LIMITED OIL MIGRATING TO ADJACENT MUNICIPAL LAND.CANADA ENERGY REGULATOR- SURFACE CLEAN-UP OF OIL SPILL BY ENBRIDGE IS UNDERWAY WITH REMOVAL OF CONTAMINATED SOIL TO FOLLOW.  Full Article

Enbridge Receives FERC Approval Of Rate Case Settlement
Monday, 2 Mar 2020 

March 2 (Reuters) - Enbridge Inc ::ENBRIDGE RECEIVES FERC APPROVAL OF RATE CASE SETTLEMENT.ENBRIDGE - TEXAS EASTERN TRANSMISSION GOT APPROVAL FROM FEDERAL ENERGY REGULATORY COMMISSION OF RATE CASE SETTLEMENT.  Full Article

Enbridge Posts Qtrly Earnings Per Share Of $0.37
Friday, 14 Feb 2020 

Feb 14 (Reuters) - Enbridge Inc ::. REPORTS STRONG FOURTH QUARTER & FULL YEAR 2019 RESULTS.QTRLY EARNINGS PER SHARE $0.37.SEES 2020 EBITDA OF APPROXIMATELY $13.7 BILLION.REAFFIRMED 2020 DCF PER SHARE GUIDANCE RANGE OF $4.50 TO $4.80.REAFFIRMED 2020 DCF PER SHARE GUIDANCE RANGE OF $4.50 TO $4.80, AND LONGER TERM 5 TO 7% DCF PER SHARE GROWTH OUTLOOK.ANNOUNCED 9.8% DIVIDEND INCREASE FOR 2020 TO A QUARTERLY DIVIDEND OF $0.81 PER SHARE.QTRLY ADJUSTED EARNINGS PER COMMON SHARE $0.61.Q4 EARNINGS PER SHARE VIEW C$0.63 -- REFINITIV IBES DATA.  Full Article

Nextdecade And Enbridge Sign Definitive Agreement Regarding Rio Bravo Pipeline
Friday, 14 Feb 2020 

Feb 13 (Reuters) - Nextdecade Corp ::NEXTDECADE AND ENBRIDGE SIGN DEFINITIVE AGREEMENT REGARDING RIO BRAVO PIPELINE.ENBRIDGE WILL ACQUIRE RIO BRAVO PIPELINE COMPANY FROM NEXTDECADE FOR A CASH PURCHASE PRICE NOT TO EXCEED $25 MILLION.UPON CLOSING OF TRANSACTION, ENBRIDGE WILL OWN ONE HUNDRED PERCENT OF RBPL.NEXTDECADE - NEXTDECADE WILL CONTINUE TO BE RESPONSIBLE FOR DEVELOPMENT, FINANCING, CONSTRUCTION, AND OPERATIONS OF ITS RIO GRANDE LNG EXPORT FACILITY.NEXTDECADE-CO, ENBRIDGE NEGOTIATED PRECEDENT DEAL;CO TO RETAIN RIGHTS TO RIO BRAVO PIPELINE NATURAL GAS FIRM TRANSPORTATION CAPACITY FOR ATLEAST 20 YRS.  Full Article

UPDATE 1-Michigan court rules to reopen part of Enbridge's Line 5 pipeline

July 1 Canadian pipeline operator Enbridge Inc can restart operations at the west leg of its Line 5 pipeline while the damaged east leg remains shut, a Michigan circuit court judge ruled on Wednesday.