Enbridge Inc. - kandischer Energietransporteur (-versorger) - 500 Beiträge pro Seite

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16.06.2010 22:16
Enbridge Consolidates Crude Oil Storage Facilities at Hardisty Hub

CALGARY, ALBERTA -- (Marketwire) -- 06/16/10 -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) today announced completion of the acquisition of the 50% of the Hardisty Caverns Limited Partnership previously owned by CCS Corporation for approximately $52 million. The Hardisty Caverns facility, now wholly owned by Enbridge, includes four salt caverns totaling 3.1 million barrels of capacity, and provides term storage services under long-term contracts.

"Our partnership on the Hardisty Caverns with CCS has been a fruitful and mutually beneficial one," said Stephen J. Wuori, Executive Vice President, Liquids Pipelines. "We're pleased to be able to consolidate our contract storage position at Hardisty, Alberta which we view as an important hub for growing oil sands production.

"The facility has excellent long-term growth prospects, including development of additional caverns as well as extensive surface storage development potential in an area where well-located land is difficult to acquire."

Significant demand for contract storage exists in the Hardisty region as a result of the growth of the oil sands and the development of expanded export pipelines. Enbridge is the largest operator of contract storage facilities at the Hardisty hub with its ownership of the 3.1 million barrel Hardisty Caverns storage facility, plus the 7.5 million barrel Hardisty Contract Terminal surface storage facility. Enbridge also operates 1.6 million barrels of regulated tankage at its adjacent Hardisty mainline terminal, providing receipt and delivery operational tankage for its mainline system.

Enbridge Inc., a Canadian company, is a North American leader in delivering energy and one of the Global 100 Most Sustainable Corporations. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 6,000 people, primarily in Canada and the U.S., and is ranked as one of Canada's Greenest Employers, and one of the Top 100 Companies to Work for in Canada. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit enbridge.com.

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29.06.2010 22:07
Enbridge to Invest US$500 Million in 250-Megawatt Colorado Wind Energy Project

CALGARY, ALBERTA AND DENVER, COLORADO -- (Marketwire) -- 06/29/10 -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced today that it has entered into an agreement with Renewable Energy Systems Americas Inc. (RES Americas) under which a U.S. affiliate of Enbridge Inc. will own and operate the 250-megawatt (MW) Cedar Point Wind Energy Project. Enbridge's investment in the project will be approximately US$500 million and the Broomfield, Colorado-based RES Americas will construct it under a fixed-price engineering, procurement and construction (EPC) contract to Enbridge.

The Cedar Point Wind Energy Project, developed by RES Americas, is located approximately 80 miles east of Denver. Construction of the project will begin shortly with substantial completion expected in late 2011. The project will deliver electricity to the Public Service Company of Colorado (PSCo) electricity transmission grid under a 20-year, fixed-price power purchase agreement with PSCo.

"Renewable energy aligns very well with our objective to profitably grow our energy infrastructure business," said Al Monaco, Executive Vice President, Major Projects and Green Energy, Enbridge Inc. "Our green energy investments provide attractive returns and establish a new source of earnings growth that complements existing growth in our liquids and natural gas transportation businesses. The investment in Cedar Point bolsters our already strong portfolio of green energy projects and establishes a beach head for future investment into the growing U.S. green energy market. We expect to continue to grow our renewable portfolio, particularly in states like Colorado that support green energy development. The project is expected to be accretive to earnings per share in the first full year of operation in 2012."

"In addition to boosting our bottom line, green energy is a key component in our plan to achieve a neutral environmental footprint as we grow our operations," said Mr. Monaco. "In 2009 we committed to generating a kilowatt hour of renewable energy for every kilowatt hour of energy that our operations consume, and we are making good progress on that objective. We are also very pleased to once again work with RES Americas."

The Cedar Point Wind Energy Project brings Enbridge's interests in renewable energy projects to eight facilities, including interests in wind and solar projects, a hybrid fuel cell and waste heat recovery facilities. The 250-MW Cedar Point project brings the total generating capacity of the green energy projects in which Enbridge has interests to more than 800 MW - enough to meet the energy needs of about 260,000 homes.

The Cedar Point Wind Energy Project will comprise 139 Vestas 1.8 MW turbines, which will be connected to the PSCo grid by a 42-mile transmission line. RES Americas will construct the wind farm and transmission line under a fixed price, turnkey EPC agreement with Enbridge. Vestas will provide operations and maintenance services under a five-year, fixed price service, maintenance and warranty agreement.

A world-leading, fully-integrated renewable energy player in development, engineering, procurement, construction and operating services, RES Americas has developed and/or constructed approximately 10 percent of the installed U.S. wind energy capacity. The Cedar Point Wind Energy Project, the company's third project with Enbridge and first large project in Colorado, will bring RES Americas' constructed and under-construction portfolio to more than 4,800 MW.

"The Cedar Point Wind Energy Project upholds RES Americas' commitment to provide clean renewable energy and jobs to the state of Colorado," said Richard Ashby, CFO of RES Americas. "Working with Enbridge and PSCo, RES Americas is excited to contribute to the state's goals of providing economic benefits to the community and helping ensure a secure energy future."

Development of the Cedar Point Wind Energy Project aligns not only with Enbridge's goals, but with those of the state of Colorado as well. On March 22, 2010, Colorado Gov. Bill Ritter signed into law landmark legislation that gives the state the highest renewable energy standard in the Rocky Mountain West, requiring that 30 percent of the state's electricity be generated from renewable sources by 2020. "The Cedar Point Wind Energy Project will help provide Colorado's supply of clean, reliable power while bringing jobs and economic development to communities in our state, fulfilling our promise of a new energy economy," said Gov. Ritter.

Enbridge and RES Americas expect the project will create up to 250 construction jobs and, through its ongoing operations, generate revenue for businesses in the region.

Cedar Point Wind Energy Project at a glance:

Capacity peak: about 250 MW

Turbines: 139 Vestas 1.8 MW turbines

Annual yield: approximately 875,000 MWh (corresponding to the annual consumption of around 80,000 Colorado households)

CO2 saving: about 710,000 tons per year

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Enbridge Invests in 35-MW Geothermal Plant
Published: 8. September 2010

Oregon, United States -- The Idaho-based geothermal power plant developer U.S. Geothermal is partnering with a major North American energy company on a 35-MW project in Oregon.
The Neal Hot Springs development project is the first geothermal project to be offered a conditional commitment for a loan guarantee under Department of Energy's loan guarantee program.

Enbridge Inc, a company with deep roots in the traditional energy sector, is investing $23.8 million in the Neal Hot Springs geothermal power plant in eastern Oregon.

At Neal Hot Springs, USG Oregon LLC (a subsidiary of U.S Geothermal) is constructing a new modular, air-cooled binary cycle power plant manufactured by TAS Energy Inc. of Houston, Texas, with gross capacity of 35 MW. The company expects the plant to be in operation by 2012.

The Neal Hot Springs development project is the first geothermal project to be offered a conditional commitment for a loan guarantee under Department of Energy's loan guarantee program, which was created by the Energy Policy Act of 2005 to support the deployment of innovative clean energy technologies.

The Enbridge equity investment in the Neal Hot Springs project will fully fund the remaining equity share of the construction costs, with the rest of the costs being funded by a loan guarantee from the Department of Energy. Enbridge will acquire 20% direct ownership interest in the project and will receive 24% of the Investment Tax Credit cash grant.

U.S. Geothermal has now already invested approximately $13.0 million in USG Oregon LLC, its subsidiary that owns the project. A total of up to $36.8 million in equity, together with up to $102.2 million of project debt provided under the loan guarantee program from the DOE, is now invested in or available for completion of the $124.3 million project.

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SARNIA, ONTARIO, Sep 30, 2010 (MARKETWIRE via COMTEX) --

Enbridge Inc. (TSX: ENB) (NYSE: ENB) and First Solar, Inc. (NASDAQ: FSLR) have completed the expansion of the Sarnia Solar Project from 20 megawatts of capacity to 80 megawatts (MW) making it the largest operating photovoltaic facility in the world.

To celebrate this milestone, Enbridge will hold a Grand Opening celebration in Sarnia, Ontario. Enbridge and First Solar representatives along with the Ontario Energy Minister, Hon. Brad Duguid, will be on-hand after the formalities to speak with the media.

Date: October 4, 2010

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CALGARY, ALBERTA -- (Marketwire) -- 12/01/10 -- Enbridge Inc. (TSX: ENB), (NYSE: ENB) today announced that its Board of Directors has declared a quarterly dividend of $0.49 per common share payable on March 1, 2011 to shareholders of record on February 15, 2011. The dividend reflects a 15% increase from the Company's prior quarterly rate of $0.425 per share. Enbridge also announced its 2011 guidance for adjusted operating earnings of $2.75 to $2.95 per share.

"Enbridge's current policy is to pay out between 60 and 70% of its adjusted earnings as dividends to its shareholders," said Patrick D. Daniel, President and Chief Executive Officer, Enbridge Inc. "The 15% increase announced today still leaves us within our current policy range for 2011 and is supported by strong growth in earnings and cash flow. Cash flow growth is expected to continue to outperform earnings through 2014, providing scope for us to consider continuing to grow our dividends faster than earnings over the medium term.""

"In 2010, Enbridge brought into service the Alberta Clipper Expansion Project, which is the single largest project in our history; the Southern Lights diluent pipeline; and the 60 megawatt second phase of the Sarnia Solar project," said Mr. Daniel. "All together, we've brought $6.5 billion in projects into service this year and $12 billion over the past three years. Notably, all are now generating cash flow.

"We expect to sustain that growth. Between now and the end of the year, we're on track to commission the $285 million, 100 megawatt Talbot Wind Project as well as the $140 million Enbridge Saskatchewan pipeline expansion in the Bakken play, and we have secured more than $5 billion in projects that will come into service between 2011 and 2014," he added. "The steady growth of our liquids pipelines, natural gas transportation and green energy businesses will continue to drive strong earnings growth and even more significant cash flow growth in coming years.

"Enbridge offers investors visible, transparent and sustained earnings and cash flow growth; a substantial and growing dividend; and a very reliable business model. The unique combination of these three attributes differentiates Enbridge and continues to deliver superior returns to our shareholders."

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http://www.cbc.ca/money/story/2011/01/21/enbridge-sinopec-ga…

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Enbridge Reports 2010 Results: Another Strong Year
February 3, 2011

CALGARY, ALBERTA--(Marketwire - Feb. 3, 2011) - Enbridge Inc. (TSX:ENB) (NYSE:ENB)

HIGHLIGHTS
(all financial figures are unaudited and in Canadian dollars unless
otherwise noted)
- Fourth quarter earnings were $326 million; earnings for the full year
were $963 million
- Fourth quarter adjusted earnings were $0.64 per common share, or $238
million
- Full year adjusted earnings were $2.66 per common share, a 13% increase
- $6.5 billion of Liquids Pipelines and renewable energy projects brought
into service during the year
- In September 2010, Enbridge affiliate acquired US$700 million in gas
gathering and processing assets
- Additional $2.2 billion of regional oil sands projects secured during
the year, bringing total to $2.6 billion under development
- $400 million of additional investments in solar energy, Gulf of Mexico
gas infrastructure and Quebec gas distribution recently announced
- Guidance for 2011 adjusted earnings of $2.75 to $2.95 per common share
- Quarterly dividend increased by 15% to $0.49 per common share effective
March 1, 2011
"We are pleased to report strong financial results for the fourth quarter and for the full year 2010," said Patrick D. Daniel, President and Chief Executive Officer. "For the fourth quarter, adjusted earnings totaled $238 million or $0.64 per common share. Our 2010 adjusted earnings per share increased 13% over 2009 to $2.66 per share, achieving the upper half of our guidance range for the year.

"Our strong performance in 2010 builds on an exceptional year in 2009, and extends the Company's performance record. Enbridge's 2010 results were driven by strong performance across all of our business units, and reflected the positive impact of cash generated from new projects coming into service. Enbridge brought $6.5 billion of projects into service during 2010, including Alberta Clipper, the Southern Lights Pipeline, the North Dakota and Saskatchewan System expansions, and the Talbot Wind Energy and Sarnia Solar projects. Over the past three years, we've brought more than $12 billion in projects into service."

Enbridge's continued strong growth enabled the Company to announce a 15% increase in its common share dividend in December 2010.

"Few peers can match Enbridge's track record of consistently increasing its dividend. Over the past ten years, we have delivered an average annual dividend increase of 11%," said Mr. Daniel. "With our adjusted earnings per share growth rate anticipated to grow at an average rate of 10% through the middle of this decade, and with cash flow growing even more rapidly, we expect to be able to continue delivering exceptional dividend growth to our investors."

Mr. Daniel noted that responding to incidents that occurred in 2010 on the Company's liquids pipelines system remains a top priority.

"The incidents of the summer and early fall in Marshall, Michigan and Romeoville, Illinois were humbling for our Company and a test of our ability to respond not only to the clean-up of the oil spilled, but also to the individuals and communities affected by the spills, and to the transportation needs of our shippers who were affected by the prolonged shutdown of certain of our pipelines," said Mr. Daniel. "Our efforts continue on all fronts.

"Enbridge's comprehensive pipeline integrity program, and regulatory requirements to accelerate planned work on sections of Line 6B, continue to have impacts on the available capacity of our mainline system," said Mr. Daniel. "We greatly appreciate the continued cooperation of our shippers as we complete this important work."

Looking ahead to 2011, Mr. Daniel said that Enbridge will continue to focus on growth across all of its business segments, with key focus areas including the expansion of oil sands infrastructure, further developments in the Bakken and Three Forks formations, new green energy projects and opportunities for growth in its natural gas businesses.

"In 2010, Enbridge reinforced its strong presence in the oil sands by securing six new growth and expansion projects. We currently have secured a total of $2.6 billion in oil sands infrastructure projects that are expected to go into service between 2011 and 2014. Those projects include expansion of the Company's Athabasca Pipeline to its maximum capacity of 570,000 barrels per day; expansion of the Waupisoo Pipeline; three new pipelines, the Woodland, Wood Buffalo and Norealis pipelines; and expansion of Enbridge's Edmonton terminal facilities. Enbridge's Regional Oil Sands System currently connects five producing oil sands projects and will have eight producing projects connected by 2014. As we continue to hear encouraging announcements of growth and investment in the oil sands, Enbridge is very well positioned to provide a wide range of flexible and cost effective transportation solutions to existing and new shippers."

The Bakken Formation also offers significant growth opportunities for Enbridge's sponsored investments, Enbridge Income Fund and Enbridge Energy Partners.

"In the fourth quarter, the expansion of the Enbridge Saskatchewan System was substantially completed. This is the latest expansion project brought into service in a series of expansion projects Enbridge affiliates are undertaking in Saskatchewan and North Dakota. The next phase is the Bakken Expansion Program being constructed in North Datoka and Saskatchewan which is expected to come into service in early 2013 and will add approximately 145,000 barrels per day of incremental capacity and connection into the Enbridge Mainline," said Mr. Daniel. "The Bakken and Three Forks formations represent an area of tremendous opportunity for both Enbridge Energy Partners and Enbridge Income Fund. We have extensive existing operations in the region, and strong producer support for the Bakken Expansion Program. We are well positioned to provide shippers with attractive transportation options for the continued production growth expected to come from this region."

Enbridge's Green Energy business also saw substantial expansion in 2010 and that momentum has continued in the new year.

"The commissioning of the 80-megawatt Sarnia Solar facility was a highlight of a year that saw Enbridge announce the 99-megawatt Greenwich Wind Energy Project in Ontario and mark its entry into the U.S. green energy market through securing the 250-megawatt Cedar Point Wind Energy Project in Colorado. We concluded 2010 with the substantial completion of the Talbot Wind Energy project, and earlier this week announced the acquisition of the Amherstburg and Tilbury solar projects, further expanding our solar portfolio and green energy interests in Ontario," said Mr. Daniel. "Our Green Energy investments are an excellent fit with our reliable business model."

In Enbridge's Gas Pipelines, Processing and Energy Services segment, growth will continue to be driven by developments on the supply side and opportunities within the midstream sector.

"In 2010, we grew our Texas natural gas gathering and processing assets through the acquisition by Enbridge Energy Partners of US$700 million in assets located in the prolific Granite Wash area. We will continue to seek out similar opportunities to grow our transportation and midstream businesses, both organically and through acquisitions that fit with our business model," said Mr. Daniel. "Our interests in the Alliance Pipeline also promise to deliver longer term returns by virtue of its proximity to shale plays in northeast B.C. and the Bakken, and its ability to transport liquids rich gas.

"In Offshore, the sanctioning by Chevron of the Jack-St. Malo project in October enables us to advance our Walker Ridge project, one of two secured projects, and we continue to pursue other opportunities in the ultradeep waters of the Gulf of Mexico," said Mr. Daniel. "This week, we announced an expansion of the condensate processing capacity of our Venice, Louisiana facility. This expansion, which is expected to be in service in late 2013, carries similar favourable financial terms to those negotiated for our other recently announced investment in the Gulf Coast.

"Enbridge has an exceptionally strong asset base, proven ability to secure new projects with attractive terms and a track record of on time, on budget execution. The safety and integrity of our operations remains our highest priority," said Mr. Daniel. "Our positive financial results in 2010 reflect the collective efforts of our employees across the organization to achieve our vision of being the leading energy delivery company in North America, and in doing so, deliver superior results to our shareholders."

RECENT DEVELOPMENTS

- Enbridge announced on February 3, 2011 that it will invest $0.1 billion to acquire an additional 6.8% interest in Noverco from Laurentides Investissements (SAS), a subsidiary of GDF SUEZ, bringing its total interest in Noverco to 38.9%. Trencap, a partnership managed by the Caisse de Depot et Placement du Quebec, will acquire Laurentides Investissements' remaining 10.8% interest in Noverco, following which Enbridge and Trencap will become the sole shareholders of Noverco. The transaction is expected to close later in the year once all regulatory approvals have been received. Noverco is a holding company that owns 71% of the Gaz Metro Limited Partnership (Gaz Metro) which owns gas distribution and gas pipelines assets in the province of Quebec and gas and electric power distribution and transmission assets in the State of Vermont.

- On February 1, 2011, Enbridge announced agreements to acquire two new solar energy projects totaling 20 MW generating capacity from First Solar Inc. (First Solar) for $0.1 billion. The 5-MW Tilbury Solar Project, completed in December 2010, is located in Tilbury, Ontario. The Amherstburg II Solar Project, located in Amherstburg, Ontario, consists of two separate facilities that, together, total 15 MW. First Solar constructed (and, in the case of the Amherstburg II Solar Project, will construct) the projects for Enbridge under fixed price engineering, procurement and construction contracts. Construction is expected to begin in March 2011 and is expected to be complete in the third quarter 2011. Enbridge will sell the facilities' power output to the Ontario Power Authority pursuant to 20-year Power Purchase Agreements under the terms of the Ontario Government's Renewable Energy Standard Offer Program.

- On January 31, 2011, Enbridge announced plans for an estimated $0.2 billion expansion of the condensate processing capacity of its Venice, Louisiana facility within its offshore gas business. The expanded condensate processing capacity will be required to accommodate additional natural gas production from the recently sanctioned Olympus offshore oil and gas development. Natural gas production from Olympus will move to Enbridge's onshore facility at Venice via Enbridge's Mississippi Canyon offshore pipeline where it will be processed to separate and stabilize the condensate. The expansion, which will more than double the capacity of the facility to approximately 12,000 barrels of condensate per day, is expected to be in service in late 2013.

- On December 16, 2010, the Company announced it will undertake an expansion of its Athabasca Pipeline to its full capacity to accommodate additional contractual commitments, including recent incremental shipping commitments by the Christina Lake Oilsands Project operated by Cenovus. This expansion will increase the capacity of the Athabasca Pipeline to its maximum capacity of approximately 570,000 bpd, depending on crude slate. Subject to regulatory approval, the estimated cost of this full expansion is approximately $0.4 billion. The expansion will be completed in stages, with full completion expected in early 2014. The Athabasca Pipeline transports crude oil from various oil sands projects to the mainline hub at Hardisty, Alberta.

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Enbridge Reports First Quarter Adjusted Earnings of $376 Million or $0.50 Per Common Share
May 9, 2012

CALGARY, ALBERTA--(Marketwire - May 9, 2012) -

HIGHLIGHTS

(all financial figures are unaudited and in Canadian dollars)

First quarter earnings were $264 million including unrealized non-cash mark-to-market losses
First quarter adjusted earnings increased 14% to $376 million
U.S. Gulf Coast access initiative upsized to a $5.2 billion investment
Acquisition of a 100% interest in the 50-megawatt Silver State North Solar Project development in Nevada
Issuance of $1.05 billion in preference shares
Enbridge named one of the Global 100 Most Sustainable Corporations, one of Canada's Greenest Employers and a member of the FTSE4Good Index
Enbridge Inc. (TSX:ENB) (NYSE:ENB) - "With first quarter adjusted earnings of $376 million, or $0.50 per share, Enbridge begins 2012 firmly on track to achieve our full year adjusted earnings guidance of $1.58 to $1.74 per share," said Patrick D. Daniel, Chief Executive Officer.

First quarter 2012 earnings of $264 million included unrealized non-cash mark-to-market losses, primarily related to the revaluation of financial derivatives used to risk manage the profitability of forward transportation and storage transactions. These short-term non-cash fluctuations in reported earnings are a result of Enbridge's hedging program, which over the long-term will support the Company's reliable cash flows and capacity for ongoing dividend growth.

In the first quarter, Enbridge announced it had received sufficient commitments from shippers to upsize its proposed Flanagan South Pipeline Project and, with joint venture partner, Enterprise Products Partners, L.P. (Enterprise) to twin the Seaway Crude Pipeline System, bringing Enbridge's expected investment in its U.S. Gulf Coast initiative to $5.2 billion.

"The commitments secured in the open seasons held in the fourth quarter of last year and the first quarter of 2012 will support additional infrastructure to meet the growing transportation needs of Bakken and western Canadian producers and U.S. Gulf Coast refiners, contributing to North America's energy security," said Mr. Daniel. "The new upsized Flanagan South Pipeline, combined with our existing Spearhead Pipeline system, will offer shippers 775,000 barrels per day of capacity from Flanagan to Cushing, with the Seaway Crude Pipeline System reversal and expansion offering capacity of 850,000 barrels per day from Cushing to the Gulf Coast.

"By leveraging existing infrastructure wherever possible, impacts to landowners, communities and the environment will be minimized," added Mr. Daniel.

In green energy, Enbridge added to its growing portfolio of renewable generation assets with the acquisition of a 100% interest in the Silver State North Solar Project (Silver State) development in Nevada.

"Silver State marks Enbridge's entry into the U.S. solar energy market, which offers significant growth opportunities given the excellent solar resource, supportive regulatory environment and expanding portfolio of solar energy projects," said Mr. Daniel. "The project complements Enbridge's growing portfolio of renewable and alternative energy technologies that now includes interests in eight wind farms, four solar projects, a hybrid fuel cell, geothermal and four waste heat recovery facilities. Together, Enbridge has interests in a renewable energy portfolio of almost 1,000 megawatts."

During the quarter, Enbridge continued to be active in capital markets. Noted Mr. Daniel, "Over the past eight months Enbridge has issued $2 billion in preference shares, bolstering our balance sheet as we embark upon the largest slate of growth projects we've ever had before us."

In January, Enbridge was recognized as one of the Corporate Knights Global 100 Most Sustainable Corporations, and in March, FTSE Group reaffirmed Enbridge's membership in the FTSE4Good Index series which identifies companies that meet globally recognized corporate responsibility standards. In April, Enbridge was named one of Canada's Greenest Employers.

"It is gratifying to be recognized for the sustainability of our business model, our commitment to delivering on our social responsibilities, and our continuing efforts to minimize the environmental impact of our activities," said Mr. Daniel. "Enbridge's more than 7,000 employees work tirelessly to achieve our vision of being the leading energy delivery company in North America. I thank all of them for their outstanding work and continuing commitment to our corporate values and to Corporate Social Responsibility."

"Enbridge continues to deliver strong financial performance across our liquids pipelines, gas pipelines and processing, gas distribution and green energy businesses," concluded Mr. Daniel. "We have had exceptional success in securing new projects across all of our business units, we are well positioned to fund our growth and, with a strong start to the year, we expect to continue to deliver superior returns to our investors."

FIRST QUARTER 2012 OVERVIEW

For more information on Enbridge's growth projects and operating results, please see the Management's Discussion and Analysis (MD&A) which is filed on SEDAR and EDGAR and also available on the Company's website at www.enbridge.com/InvestorRelations.aspx.

The decrease in earnings from $364 million for the first quarter of 2011 to $264 million for the first quarter of 2012 was primarily due to the recognition of net unrealized fair value losses of $110 million (2011 - nil) from the revaluation of financial derivatives related to the Company's risk management activities. Contributing to the overall decrease in earnings were lower earnings from Enbridge Gas Distribution (EGD) due to warmer weather. Partially offsetting these quarter-over-quarter declines were increased earnings from Liquids Pipelines as a result of favourable operating performance under the Competitive Toll Settlement.
Enbridge's first quarter adjusted earnings increased 14% to $376 million as a result of increased contributions from Canadian Mainline, which benefited from strong volumes, continued positive performance at EGD reflecting favourable operating performance, and an increase in earnings from Enbridge Energy Partners, L.P. due to stronger results from the liquids and natural gas businesses, as well as higher incentive income. Corporate earnings also contributed to increased first quarter adjusted earnings due to the Company's increased investment in Noverco Inc. (Noverco) and lower residual financing costs.
On May 7, 2012, Enbridge announced Silver State began commercial operation. A 100% interest in the 50-megawatt Silver State development in Clark County, Nevada was acquired in March 2012 at an estimated cost of $0.2 billion. Located 65 kilometers (40 miles) south of Las Vegas, Nevada, Silver State was constructed under a fixed-price engineering, procurement and construction agreement with First Solar. First Solar will provide operations and maintenance services under a long-term contract. NV Energy will purchase the energy output under a 25-year power purchase agreement.
On April 19, 2012, Enbridge announced the closing of the issue of eight million cumulative redeemable preference shares, series J at a price of US$25 per share for aggregate gross proceeds of US$200 million.
On April 16, 2012, the Government of New Brunswick enacted a final rates and tariffs regulation which set limits on gas distribution rates within the province. Enbridge had advised on March 12, 2012, when the regulation was still in draft form, that it faced a potential write down of a significant portion of the value of its investment in Enbridge Gas New Brunswick (EGNB), the New Brunswick gas distribution utility. With the finalization of the regulation, Enbridge has confirmed a write down of $262 million. The impact of this charge was recognized as a subsequent event in the Company's 2011 United States generally accepted accounting principles (U.S. GAAP) consolidated financial statements, voluntarily filed on May 2, 2012.


On April 26, 2012, the Company, Enbridge Energy Distribution Inc. (EEDI) and EGNB, commenced an action against the Province of New Brunswick in the New Brunswick Court of Queen's Bench, claiming damages in the amount of $650 million as a result of the continuing breaches by the Province of the General Franchise Agreement it signed with Enbridge in 1999. Additionally, on May 2, 2012, the Company, EEDI and EGNB filed a Notice of Application with the New Brunswick Court of Queen's Bench seeking a declaration from the Court that the rates and tariffs regulation is invalid. There is no assurance these actions will be successful or will result in any recovery.

On March 29, 2012, Enbridge closed its offering of cumulative redeemable preference shares, series H. Due to strong investor demand, the size of the offering was increased to 14 million shares, for aggregate gross proceeds of $350 million.
Enbridge announced on March 26, 2012, its intent to upsize the capacity of its U.S. Gulf Coast Access projects. The Flanagan South Pipeline from Flanagan, Illinois to Cushing, Oklahoma will be upsized to a 36-inch diameter line with an initial annual capacity of 585,000 barrels per day (bpd). Enbridge, with joint venture partner Enterprise will construct an 805-kilometre (500-mile), 30-inch diameter twin (a parallel line) along the route of their jointly owned Seaway Pipeline, adding 450,000 bpd of capacity to the existing system. The partners will also proceed with construction of an extension from Houston to Port Arthur/Beaumont, adding 560,000 bpd of capacity to that system. The total estimated cost of the Flanagan South Pipeline project, as a result of the larger capacity and pipeline size, has increased from the original US$1.9 billion to US$2.8 billion. In addition, the Enbridge share of the cost of the Seaway Pipeline twin line and extension is expected to be approximately US$1.0 billion.


The increased Flanagan South Pipeline and Seaway Pipeline capacity is required to accommodate additional commitments for Gulf Coast service, originating from both Flanagan and Cushing, received through recently completed second open seasons. Both the Flanagan South Pipeline and Seaway twin pipeline are expected to be in service by mid-2014.



Enterprise and Enbridge are nearing completion of the first phase of the reversal of the Seaway Pipeline, which will provide 150,000 bpd of southbound takeaway capacity from Cushing to the Gulf Coast, anticipated to be in service in May 2012. Following pump station additions and modifications, which are expected to be completed by the first quarter 2013, capacity would increase to 400,000 bpd depending upon the mix of light and heavy grades of crude oil.

On March 22, 2012, Noverco sold 22.5 million Enbridge common shares through a secondary offering. Enbridge's share of the proceeds of approximately $317 million, expected to be received as a dividend from Noverco in the second quarter of 2012, will be used to pay a portion of the Company's quarterly dividend on June 1, 2012.
On February 27, 2012, the Board of Directors of Enbridge announced that Patrick D. Daniel, President and Chief Executive Officer (CEO), will retire at or before the end of 2012. The Board also announced the appointment of Al Monaco, previously President, Gas Pipelines, Green Energy and International, to Enbridge's Board of Directors and to the position of President, effective February 27, 2012. Mr. Daniel will continue as CEO and a member of the Board until his retirement.
On February 23, 2012, Enbridge welcomed the publication of Transport Canada's TERMPOL Review Process Report of the proposed Northern Gateway Project's proposed marine operations. Transport Canada has filed the results of the study with the federal Joint Review Panel (JRP) tasked with assessing the project. The study reviewed the marine operations associated with the Northern Gateway terminal and associated tanker traffic in Canadian waters. The review concluded that: "While there will always be residual risk in any project, after reviewing the proponent's studies and taking into account the proponent's commitments, no regulatory concerns have been identified for the vessels, vessel operations, the proposed routes, navigability, other waterway users and the marine terminal operations associated with vessels supporting the Northern Gateway Project." The TERMPOL report was prepared and approved by Canadian government authorities including Transport Canada; Environment Canada; Fisheries and Oceans Canada; Canadian Coast Guard; and Pacific Pilotage Authority Canada. Further review of the Northern Gateway application by the JRP, as well as other agencies, is ongoing.
On January 18, 2012, Enbridge closed the offering of cumulative redeemable preference shares, series F. Due to strong investor demand, the size of the offering was increased to 20 million shares, resulting in aggregate gross proceeds of $500 million.

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dehistorize

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bis auf ein Erinnerungsstück verkauft

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Antwort auf Beitrag Nr.: 47.108.212 von R-BgO am 05.06.14 13:32:24

nix

verpasst seitdem

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Enbridge, Spectra Energy agree merger

Enbridge and Spectra Energy on Tuesday entered into a merger agreement in a US$ 28 billion stock-for-stock transaction creating the largest energy infrastructure company in North America.

Boards of directors of both companies have unanimously approved the transaction which is expected to close in the first quarter of 2017, subject to shareholders and regulatory approvals, a joint statement reads.

Under the terms of the transaction, Spectra Energy shareholders will receive 0.984 shares of the combined company for each share of Spectra Energy common stock they own, valued at $40.33 per Spectra Energy share.

Upon completion of the transaction, Enbridge shareholders are expected to own approximately 57 percent of the combined company and Spectra Energy shareholders are expected to own approximately 43 percent of the joint company called Enbridge.

The joint company will be headquartered in Calgary with Al Monaco serving as the company’s president and CEO.

Enbridge operates crude oil and liquids transportation systems across Canada and the U.S. and is involved in natural gas gathering, transmission and midstream business, while Spectra Energy’s operations in the United States and Canada include approximately 21,000 miles of natural gas and crude oil pipelines, natural gas storage, crude oil storage as well as natural gas gathering, processing, and local distribution operations.

With the merger, Enbridge will take over Spectra Energy’s stake in the proposed Westcoast Connector Gas Transmission pipeline, planned to transport natural gas to the Prince Rupert LNG liquefaction and export facility on the southwest side of Ridley Island, near Prince Rupert.

[R-BgO]

2016 war mal wieder ein ganz brauchbares Jahr

[R-BgO]

Antwort auf Beitrag Nr.: 55.517.133 von R-BgO am 13.08.17 21:09:18

Dividende aktuell 5,6%,

kommt aber aus der Substanz und macht in Canada sowieso keinen Spaß

[freddy1989]

Antwort auf Beitrag Nr.: 58.429.188 von R-BgO am 12.08.18 12:56:04

Enbridge Inc (ENB)

The "Berkshire of Midstream"

Own North America's largest distribution system for energy resources (oil, NG, etc)

99% of cash flow is long-term contracts of 20-30 years. Contracts are with mostly utilities. They get paid no matter what happens and therefore, have no commodity sensitivity

BBB+ credit rating, strong balance sheet

Pay 6% dividend (grow by 10% each year) with a 65% payout ratio and aim to reduce to 55%

Have a 100% self-funded business model, so they are not sensitive to equity markets

Expect 14% annual total return

Quelle: https://seekingalpha.com/article/4195689-5-amazing-stocks-re…

[R-BgO]

Bilanz wird immer größer, Gewinn nicht

[faultcode]

Minnesota court rules environmental assessment for Enbridge pipeline inadequate

3.6.
https://finance.yahoo.com/news/minnesota-court-rules-environ…

=>
...A Minnesota court ruled on Monday that Enbridge Inc's final environmental impact statement for its Line 3 replacement project is inadequate, raising the possibility the Canadian crude oil pipeline could face further delays.

The Line 3 replacement project would ship 760,000 barrels per day of Canadian crude from Alberta to Wisconsin, doubling current capacity and providing much-needed relief from congestion on existing Canadian pipelines.

It is the furthest advanced of three proposed pipeline expansions - along with the Canadian government-owned Trans Mountain and TC Energy Corp's Keystone XL - that would ease a glut of oil in Alberta. But all three projects have faced long delays due to regulatory, permitting and court obstacles.

In a decision posted online, the Minnesota Court of Appeals ruled that the Minnesota Public Utilities Commission, a state regulator that approved the Line 3 expansion last year, acted in a manner that was unsupported by "substantial evidence" when it determined the impact statement was adequate.

The impact statement specifically failed to address how an oil spill from the line would affect Lake Superior and its watershed, the court said...

[Rainolaus]

Charttechnisch interessant jetzt. Abwärtstrend gebrochen. Die 38USD auch inkl. Backtest gestern.
Öl sieht auch gut aus bis ~66USD.

[faultcode]

30.1.
Stalled $1 Billion Gas Pipe Gets Backing From Top U.S. Regulator
https://finance.yahoo.com/news/stalled-1-billion-gas-pipe-18…

...
A controversial $1 billion shale gas pipeline that’s been stalled by a dispute over whether it can seize state-owned land for construction won the backing of the nation’s top energy regulator.

PennEast had sought the support of the Federal Energy Regulatory Commission after a court decision prevented it from exercising eminent domain in New Jersey. Its developers -- which include Enbridge Inc. and Southern Co. -- argued the ruling overturned 80 years of industry practice.

On Thursday, the energy commission voted 2-1 in favor of PennEast’s petition, lending the project support as it prepares to take its case to the nation’s highest court.

“The commission’s order rejecting the court’s interpretation strengthens PennEast’s forthcoming petition to the Supreme Court,” Patricia Kornick, a spokeswoman for the project, said by email.

But the project’s viability “remains on life support,” Guggenheim Securities analyst Shahriar Pourreza said Thursday in a note to clients.

“Headwinds remain material to get a project through a state that appears to be anti natural gas due to Governor Murphy’s policies,” Pourreza said, referring to New Jersey Governor Phil Murphy.
...

[faultcode]

Antwort auf Beitrag Nr.: 62.539.070 von faultcode am 31.01.20 00:07:10

3.2.
Minnesota regulator approves certificate of need for Enbridge Line 3 project
https://finance.yahoo.com/news/minnesota-regulator-approves-…
...
The Minnesota Public Utilities Commission on Monday approved a certificate of need for Enbridge Inc's Line 3 oil replacement project, moving the long-delayed replacement closer to reality.

The decision followed the regulator's decision earlier in the day that a revised environmental impact statement for the project was adequate. The commission was to consider issuing a route permit next.
...

[pickuru]

Barry Schwartz discusses Enbridge

https://www.bnnbloomberg.ca/video/barry-schwartz-discusses-e…

[pickuru]

David Baskin discusses Enbridge

https://www.bnnbloomberg.ca/video/david-baskin-discusses-enb…

[faultcode]

Antwort auf Beitrag Nr.: 62.596.315 von faultcode am 05.02.20 21:08:36

25.3.
Oil Tanks Are So Full That Traders May Stow It on Pipe Networks
https://www.portandterminal.com/oil-tanks-are-so-full-that-t…
...
The glut of U.S. oil is growing so fast that at least one pipeline owner is concerned wily traders may try to stow away crude on its network until prices improve.

Plains All American Pipeline LP is requiring customers to prove they have a buyer or place to offload crude they’re shipping through the company’s pipes, according to people familiar with the matter. The idea is to prevent anyone from using Plains’s network to park oil in lieu of higher prices.

With the key storage hub in Cushing, Oklahoma, already more than half full, concern is rising among investors and oil producers that the surfeit of American crude may overwhelm storage capacity and force companies to shut down wells.

Shale explorers are dialing back drilling but it won’t have a meaningful impact on overall crude supplies any time soon.

Similar anxieties are wracking the fuel markets as the Covid-19 outbreak saps demand and foreign producers swamp global markets with oil. Colonial Pipeline Co., operator of the busiest U.S. fuels conduit, last week warned clients that any gasoline or diesel on their system that had no end-user or storage reservation would be sold off to the highest bidder.

[faultcode]

20.4.
Enbridge won't ration Mainline deliveries as oil cuts mount
https://ca.finance.yahoo.com/news/enbridge-wont-ration-mainl…

TORONTO (Reuters) - Pipeline operator Enbridge Inc said on Monday it would not ration June deliveries on North America’s biggest oil pipeline network, the Mainline, as Canada’s oil producers step up production curtailments to cope with low prices.

The notice by Enbridge shows pipeline congestion that has played a role in the deep discounting of Canadian crude is easing as producers shut in production to cope with plunging demand for crude caused by the coronavirus outbreak.

Enbridge's Mainline has capacity for 3 million barrels a day moving western Canadian oil to U.S. refiners. The pipeline has been regularly oversubscribed in recent years, forcing Enbridge to ration the number of barrels each shipper can move.

Shipping constraints have eased, however, as oil sands producers have turned down an estimated 300,000 barrels per day of output, primarily at steam-driven extraction sites.

Enbridge said earlier this month it was running the Mainline with unused capacity and that some 20% to 25% of Western Canada's oil production could be shut in during the second quarter.

Husky Energy Inc and Crescent Point Energy Corp on Monday cut spending and production, days after Canada's federal government offered financial relief to the hard-hit sector.

[bödel]

bin jetzt ein gestiegen Div. Rendite von 7,5 % überzeugt selbst wenn ein wenig gekürzt wird ist immer noch hervorragend

[bödel]

45 CAD Widerstand sollte in den nächsten Tage/Wochen durch

[bödel]

zur Info ist nicht so eine ganz kleine Klitsche.
bzw. so ein Kanadischer hochgepushtes Unternehmen.
.
Enbridge betreibt das weltweit größte Pipelinesystem in Kanada und den USA. Dem Unternehmen gehört Enbridge Pipelines Inc. und wird von diesem auch betrieben. Des Weiteren verfügt das Unternehmen über einen 27 % Anteil an Enbridge Energy Partners, L.P. zu dem Lakehead Systems in den USA gehört. Das System wird seit den 60er Jahren betrieben und hat eine Länge von 13.500 km. Täglich werden über 2 Millionen Barrel durch das System gepumpt.

Enbridge verfügt über ein großes Vertriebsunternehmen. Enbridge Gas Distribution vermarktet Erdgas an gewerbliche und private Haushalte sowie Wiederverkäufer in Ontario, Quebec und dem US-Bundesstaat New York. Enbridge versorgt somit mehr als 2 Millionen Konsumenten.

Die Pipelines von Enbridge erlauben eine Umgehung der gescheiterten Keystone XL-Pipeline. Rohöl aus dem Abbau der Athabasca-Ölsande wird in großem Umfang von Enbridge zu Raffinerien im Osten und Süden der USA transportiert.[3]

[bödel]

Dividendenhistorie
https://www.boersen-zeitung.de/index.php?li=24&l=0&isin=CA29…

[bödel]

dreht nun ins plus genug mit Süden

[bödel]

https://www.fool.com/investing/2020/05/23/better-buy-enbridg…

[bödel]

https://www.fool.com/investing/2020/05/23/where-will-enbridg…

[bödel]

wird wohl aufgrund der positiven Berichte zu einer kleinen Kursrally kommen

[bödel]

da hätte ich mir mehr vorgestellt.
.

[faultcode]

so eine Preiserhöhung schadet auch nicht:

26.5.
Enbridge to raise rates for Express crude pipeline by 3%
https://finance.yahoo.com/news/enbridge-raise-rates-express-…
...
Enbridge Inc proposed raising tariff rates on its Express crude oil pipeline from the International Boundary near Alberta, Canada, to points in Wyoming and Montana by 3%, according to a filing on Monday.

* The company will increase committed rates on the line effective July 1, the filing with the Federal Energy Regulatory Commission (FERC) said.

* The 785-mile Express Pipeline transports up to 280,000 barrels per day (bpd) of crude from Hardisty, Alberta, to Casper, Wyoming.

* The line brings a variety of light, medium and heavy crude oil from Western Canada to refiners in the U.S. Rocky Mountain states.

* Separately, Enbridge also filed to raise rates on the Platte pipeline to the ceiling rates in accordance with FERC's index methodology.

* The 933-mile Platte Pipeline transports up to 164,000 bpd of crude oil from Casper, Wyoming, to Guernsey, Wyoming, and 145,000 bpd from Guernsey to Wood River, Illinois.
...

[faultcode]

17.6.
Canada's Enbridge says 800 workers take voluntary buyouts
https://ca.finance.yahoo.com/news/canadas-enbridge-says-800-…
...
Enbridge Inc <ENB.TO>, Canada's largest pipeline operator, said on Wednesday about 800 employees have opted for voluntary buyouts, as the company tries to reduce costs to tackle the COVID-19 crisis and the global oil price shock.

In an email response to Reuters, Calgary-based Enbridge said it was offering employees the option to voluntarily select early retirement, severance, leaves of absence or part-time work.

"As a result of these actions, we won't need to pursue company-wide layoffs at this time," a company spokesperson said.

Enbridge is reducing base pay across its non-union workforce, with the board of directors and CEO Al Monaco taking a 15% cut and the company's executive vice presidents taking a 10% cut.

A recent plunge in global crude prices due to a pandemic-driven drop in demand and excess supply has battered Canada, the world's fourth-largest crude producer.

Last month, Enbridge said it has deferred C$1 billion ($737.57 million) in capital spending and cut costs by C$300 million, including salary cuts and retirements.
...

[pickuru]

John Zechner discusses Enbridge

https://www.bnnbloomberg.ca/video/john-zechner-discusses-enb…

[faultcode]

22.7.



Oil Sands’ Slow Return Keeps Canadian Pipelines Partly Empty
https://www.bloomberg.com/news/articles/2020-07-22/oil-sands…

[bödel]

so nun sollte die 35$ durch

[faultcode]

16.10.
Minnesota judge upholds state decision on Enbridge Line 3 pipeline replacement
https://finance.yahoo.com/news/minnesota-judge-upholds-state…
...
A Minnesota judge on Friday ruled that the state's pollution regulator and Enbridge Inc used proper methods for water crossing for its Line 3 oil pipeline replacement, clearing another hurdle for the project that has faced years of delay.

Judge James LaFave upheld the draft water quality certificate that Minnesota Pollution Control Agency issued to Enbridge in February, quashing challenges by activist groups and indigenous bands that had raised concerns regarding Enbridge's intentions to protect streams and wetlands the pipeline crosses.

Line 3, built in the 1960s, carries less oil than it was designed for because of age and corrosion. Replacing it would allow the company to boost flow from a Canadian oil hub in Edmonton, Alberta, to Midwest refiners.

The report said the petitioners have failed to prove that the agency and Enbridge "undercounted the full acreage of wetlands that will be physically altered by trenching."

A shortage of pipelines has weakened Canadian oil prices in recent years, but capacity became ample this year after deep oil production cuts during the COVID-19 pandemic.

Calgary, Alberta-based Enbridge said on Friday it continues to work with permitting agencies for the timely issuance of remaining permits in order for construction to start before year end 2020. (https://bit.ly/2H4tCM8)
...

[bödel]

Gute Entscheidung könnte Kurs ein wenig helfen.
Mit Google übersetzt.
Der Richter in Minnesota bestätigt die Entscheidung des Bundesstaates über den Austausch der Enbridge Line 3-Pipeline https://finance.yahoo.com/news/minnesota-judge-upholds-state Methoden zur Wasserdurchquerung für den Austausch der Ölpipeline der Linie 3, wodurch eine weitere Hürde für das Projekt genommen wird, das jahrelange Verzögerungen erfahren hat. Richter James LaFave bestätigte den Entwurf der Wasserqualitätsbescheinigung, die die Minnesota Pollution Control Agency im Februar an Enbridge ausgestellt hatte, und hob damit die Herausforderungen von Aktivistengruppen und indigenen Gruppen auf, die Bedenken hinsichtlich der Absichten von Enbridge zum Schutz von Bächen und Feuchtgebieten geäußert hatten, die die Pipeline durchquert. Die in den 1960er Jahren gebaute Linie 3 enthält aufgrund von Alter und Korrosion weniger Öl als vorgesehen. Ein Ersatz würde es dem Unternehmen ermöglichen, den Fluss von einem kanadischen Ölzentrum in Edmonton, Alberta, zu Raffinerien im Mittleren Westen zu steigern. In dem Bericht heißt es, die Petenten hätten nicht nachweisen können, dass die Behörde und Enbridge "die gesamte Anbaufläche von Feuchtgebieten unterzählt haben, die durch Grabenbildung physisch verändert werden". Ein Mangel an Pipelines hat die kanadischen Ölpreise in den letzten Jahren geschwächt, aber die Kapazität wurde in diesem Jahr nach tiefgreifenden Kürzungen der Ölproduktion während der COVID-19-Pandemie ausreichend. Enbridge aus Calgary, Alberta, teilte am Freitag mit, dass es weiterhin mit Genehmigungsbehörden zusammenarbeitet, um die verbleibenden Genehmigungen rechtzeitig zu erteilen, damit der Bau vor Jahresende 2020 beginnen kann. (Https://bit.ly/2H4tCM8) ...

Enbridge Inc. - kandischer Energietransporteur (-versorger) | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1158425-neustebe…

[faultcode]

6.11.
Enbridge aims to drastically cut carbon footprint as global climate pressures rise
https://ca.finance.yahoo.com/news/canadas-enbridge-reports-h…
...
Canada's largest pipeline operator Enbridge Inc <ENB.TO> on Friday set emissions reduction targets, hoping to be a net zero emitter of greenhouse gases by 2050, as the industry faces intense pressure from investors to limit carbon discharge.

Reported greenhouse gas emissions from Canada's oil patch have more than doubled in the first half of the year as changes to how they are measured revealed a more extensive picture of environmental damage.

Prime Minister Justin Trudeau's government, which has set a goal of making Canada carbon neutral by 2050, launched a national program on Jan. 1 to better measure and reduce methane emissions.

Enbridge, which reported a smaller-than-expected quarterly profit on Thursday, said it hopes to reduce the intensity of greenhouse gas emissions by 35% by 2030.

To meet the targets, the company said it would invest in lower carbon infrastructure as well as in wind and solar power generation, hydrogen and renewable natural gas.

The pipeline operator earned 48 Canadian cents per share in the quarter, lower than the 53 Canadian cents analysts expected, as a coronavirus-induced slump in demand hurt the volumes transported on its mainline system.
...

Tag:
• ESG virtue signaling

[faultcode]

12.11.
Minnesota regulators approve permits for Enbridge's Line 3 oil pipeline project
https://www.reuters.com/article/oil-global-enbridge-inc/upda…
...
Minnesota regulators on Thursday approved key permits for Enbridge Inc's ENB.TO Line 3 crude pipeline replacement project, paving the way for federal permits from the U.S. Army Corps of Engineers after years of delays.

The Minnesota Pollution Control Agency (MPCA) announced approvals for the Line 3 project, including the contested 401 Water Quality Certification, and the Minnesota Department of Natural Resources released the final eight permits for the project.

Line 3, built in the 1960s, ships crude from a Canadian oil hub in Edmonton, Alberta, to U.S. Midwest refiners. It currently carries less oil than it was designed for because of age and corrosion. Replacing it would allow Calgary-based Enbridge to roughly double its capacity to 760,000 barrels per day.

The project still needs final permits and authorizations before construction can begin. The Canadian portion is complete, but Enbridge has run into repeated obstacles in Minnesota, where reviews have lasted about five years.

“With the 401 permit in hand, the next major step would be the receipt of the federal 404 permit, which could happen in the next few weeks,” Scotiabank analysts said in a note.

“Absent any successful legal challenges/injunctions, we believe the project is well positioned to start construction in the new year.”

Environmental groups challenged the draft water permits for the pipeline’s construction, which were approved by MPCA in February.

A shortage of pipelines has weighed on Canadian oil prices and pushed it to trade at deep discounts compared with benchmark futures in recent years, but capacity became ample this year after steep oil production cuts during the COVID-19 pandemic.

Canadian oil traders said the news was bullish for crude differentials.

“This is a good thing for sure. Finally ... it’s taken years to get permits and approvals,” one trader said.


___
Warum (immer) in Minnesota?

--> ganz einfach:


https://ballotpedia.org/Oil_and_gas_production_in_Minnesota




https://insideclimatenews.org/news/06062019/tar-sands-oil-pi…

[H2Future]

Enbridge Gas to blend hydrogen with natural gas for consumers in Markham

https://www.jwnenergy.com/article/2020/11/19/enbridge-gas-to…

[faultcode]

Antwort auf Beitrag Nr.: 65.716.062 von faultcode am 16.11.20 00:47:32

Zitat von faultcode: 12.11.
Minnesota regulators approve permits for Enbridge's Line 3 oil pipeline project
...

Line 3 durch Minnesota ist derzeit so ein bischen wie die A49 durch den Dannenröder Forst
https://mn.gov/puc/line3/

--> https://www.stopline3.org/#intro
...


...


die 3 hellgrünen Flächen gehören zu den 3 Vertragsflächen aus dem 19. Jahrhundert, sind also auch mit Vorsicht zu genießen.


allerdings ist der Protest - großes Land - im Vergleich zu dem in Hessen als eher gering einzuschätzen:


https://twitter.com/zhaabowekwe
<das ist jemand anders, nicht Tara Houska, Ojibwe native>

Derzeit um die 0°C. Es wird aber mit Sicherheit noch kälter. Den Eingeborenen nehme ich das sofort ab; aber den weißen Milchgesichtern aus Minneapolis-Saint Paul nicht unbedingt

Es ist mMn wichtig zu verstehen, daß dieses Projekt ein (größerer) Ersatz für die Bestandslinie 3 ist (oben rein schwarz).

Die alte Linie, die noch durch das Leech Lake Indian Reservation durchführt, wird anschließend stillgelegt: https://en.wikipedia.org/wiki/Leech_Lake_Indian_Reservation

Und dann kann man davon ausgehen: keine Pipeline mehr, kein/weniger Geld

Man könnte daher auch mal nach Eingeborenen suchen gehen, die auch gegen das Projekt sind, aber eben aus ganz anderen Gründen.

[faultcode]

ein Wert will nach oben:

[faultcode]

Antwort auf Beitrag Nr.: 65.962.874 von faultcode am 06.12.20 12:08:30

Zitat von faultcode: ...Derzeit um die 0°C. Es wird aber mit Sicherheit noch kälter. Den Eingeborenen nehme ich das sofort ab; aber den weißen Milchgesichtern aus Minneapolis-Saint Paul nicht unbedingt...

nun ist es an der Baustelle richig kalt - ist aber noch morgens:


https://www.ventusky.com/?p=44.6;-92.4;5&l=temperature-2m

[pickuru]

David Driscoll discusses Enbridge

https://www.bnnbloomberg.ca/video/david-driscoll-discusses-e…

[faultcode]

Antwort auf Beitrag Nr.: 66.926.888 von faultcode am 10.02.21 13:03:30

12.2. -- 2020Q4
https://www.enbridge.com/media-center/news/details?id=123663
...

...

• Increased the 2021 quarterly dividend by 3% to $0.835 per share reflecting the 26th consecutive annual increase
...


"In Liquids Pipelines, Line 3 construction is underway in Minnesota after a comprehensive and thorough regulatory process over the last 6 years, and we're proud of the broad community support for the project. We're focused on executing world class construction and environmental practices and we've implemented the most up-to-date health and safety protocols to protect communities and our crews. Construction is progressing to our targeted Q4 in-service date.

"We've updated our cost estimate for the full Line 3 project to reflect winter construction, further enhancements to our industry-leading environmental protections and construction techniques, regulatory and permitting delays, higher capitalized interest and COVID-19 protocols. The higher project costs will be managed well within our funding plans and strong financial position. Our updated economics for Line 3 remain attractive.
...

[faultcode]

6.4.
Enbridge to Biden: Lake Michigan Pipeline Tunnel Fits U.S. Plans
https://finance.yahoo.com/news/enbridge-biden-lake-michigan-…
...
Enbridge Inc. wants to show the Joe Biden administration that the tunnel the Canadian company is building for its oil pipeline under Lake Michigan is exactly what the U.S. president’s plan for better infrastructure is all about.

The tunnel project for the company’s Line 5, opposed by Michigan Governor and Biden ally Gretchen Whitmer, is the kind of upgrade that will make a crucial piece of infrastructure safer, Enbridge Chief Executive Officer Al Monaco said in an interview. The Calgary-based pipeline giant is engaging with the Biden administration to get that message across, he said.

“Under the theme of ‘Build Back Better’ that the president has been talking about, it fits exactly,” Al Monaco said. “That’s what we are doing: We are modernizing an existing piece of infrastructure with a tunnel that reduces the risk to as close to zero as humanly possible, and we are doing it on our dime.”

Enbridge is fighting Whitmer’s move last November to revoke an easement that permitted the pipeline to cross the lake bed, a decision that could force the system to shutdown by May. Meanwhile, Enbridge is pushing ahead with the tunnel project approved by Whitmer’s predecessor.

Line 5 crosses the Straits of Mackinac between Michigan’s upper and lower peninsulas and supplies light oil and fuel to refineries and consumers in the U.S. Midwest and Canada.
...

Al Monaco argues that blocking the existing Line 5 would trigger a crisis given its importance to Midwest refineries. The tunnel addresses concerns about potential oil spills into the water posed by ship anchors, for instance. A court-ordered mediation is scheduled to start on April 16.

“It doesn’t make much sense to create a crisis when we have a solution there in the tunnel,” he said. “Protecting the Great Lakes is exactly what we’re doing.”

Another project that Monaco says fits well with Biden’s goals is its Line 3. Enbridge is currently building a replacement to the aging cross-border pipeline with a new one that can pump increased volumes of Canadian crude into the U.S. Construction of the project in the U.S. only began in December after years of regulatory and legal delays. Protesters, including some indigenous groups, have regularly tried to disrupt construction, but Enbridge plans to finish the line on schedule, by year end. Horizontal directional drilling planned for the summer and eight pump stations are “on track,” he said.
...

“We are going to see fewer projects generally in the next two to three years,” he said. “That’s less about opposition in my view and more about the fundamentals of energy. We’ve gone through a massive build in pipelines across North America, and so I think we’ve got enough capacity to keep us going for a while.”

[SwedishChef]

Antwort auf Beitrag Nr.: 67.718.707 von faultcode am 06.04.21 19:23:27

Zitat von faultcode: “We are going to see fewer projects generally in the next two to three years,” he said. “That’s less about opposition in my view and more about the fundamentals of energy. We’ve gone through a massive build in pipelines across North America, and so I think we’ve got enough capacity to keep us going for a while.”

Das sollte dem Distributable Cash Flow erst einmal zugute kommen und helfen, die Verschuldung besser zu managen. In einem Seeking Alpha Artikel habe ich gelesen, dass Enbridge ein A-Rating anstrebt.

[faultcode]

14.4.
U.S. oil comprised 77 per cent of Canada's foreign oil imports last year: regulator
https://winnipeg.citynews.ca/2021/04/14/u-s-oil-comprised-77…
...
Canada is growing ever more reliant on imported American oil, a new report from the country’s energy regulator suggests, putting a counter-intuitive spin on the fierce debate about cross-border pipelines and energy independence.

The United States provided nearly four out of every five barrels of imported crude in 2020, a year when global demand for fossil fuels was badly dented by the COVID-19 pandemic, the latest data from the Canada Energy Regulator shows.

Some 77 per cent of Canadian imports came from the U.S., up from 72 per cent in 2019 and a paltry six per cent in 2010, before a dramatic spike in domestic American oil and gas production over the last decade.

“We do often think of the pipeline relationship between the two countries as being one of, ‘Canada produces and exports to the U.S.,'” said Darren Christie, the regulator’s chief economist.

“This is specifically showing that there is another side to that coin, which is that we also import production from the U.S.”

Close observers of Canada-U.S. trade flows, particularly those in the energy sector, might not be overly surprised by how much American crude oil has been travelling north in recent years.

The U.S. absorbed a whopping 96 per cent of Canadian oil exports last year, the bulk of it heavy crude, more than half of it to the U.S. Midwest, which has been ground zero for pipeline disputes for much of the last 15 years.

But a massive surge in U.S. oil and gas production, fuelled in part by new extraction technology like fracking and horizontal drilling, has made it a convenient source of feedstock for refineries in both countries, Christie said.

“Their crude oil production has more than doubled in the last 10 years, which is quite a remarkable increase,” he said.

“That creates a massive supply push out of the U.S. And if we are just north and had previously been importing some crudes from around the world, it’s a natural market for a lot of that increased production out of the U.S.”

While foreign oil has long been a part of the Canadian energy mix, the latest numbers — along with the proportion of imports from the U.S. — casts the ongoing controversy over pipeline links between the two countries in a surprising new light.

On his first day in the Oval Office, President Joe Biden cancelled the Keystone XL pipeline expansion, which would have ferried an additional 800,000 barrels a day of Alberta oilsands bitumen to refineries on the U.S. Gulf Coast.

Michigan is currently in court with Enbridge Inc. over Gov. Gretchen Whitmer’s efforts to shut down Line 5, a vital cross-border energy link that crosses the Great Lakes beneath the ecologically sensitive Straits of Mackinac.

The pipeline is widely billed by its defenders as a critical piece of infrastructure that feeds key refineries in Sarnia, Ont., and provides more than half of the propane needed to heat homes in Michigan alone, to say nothing of neighbouring states.

Canada has vowed to strenuously defend Line 5, with Natural Resources Minister Seamus O’Regan insisting last month that its operation is “non-negotiable.” Ottawa has yet to say if it will take part in the ongoing court case.

Protesters in Minnesota are also doing their best to disrupt Enbridge’s ongoing $10-billion upgrade of Line 3, another key link in the cross-border chain that connects to Line 5 at a facility in Superior, Wisc.

The dependence on U.S. oil is especially high in Atlantic Canada, a region of the country where pipelines are often not an option. Imports to refineries there have increased tenfold over the last decade.
...

[faultcode]

Line 5:


...
https://eu.detroitnews.com/story/news/local/michigan/2021/05…

[faultcode]

[faultcode]

zu Line 3:

30.7.
MANAGEMENT’S DISCUSSION AND ANALYSIS, June 30, 2021
...

...

[faultcode]

Line 3:

13.8.
First New Oil Sands Pipeline in Years Could Start Next Month
https://finance.yahoo.com/news/first-oil-sands-pipeline-year…
...
A key pipeline linking Canada’s oil sands to U.S. markets could start shipping crude as early as next month.

Enbridge Inc.’s Line 3 oil pipeline from Alberta to Wisconsin could start operating as soon as Sept. 15, bringing relief to Canadian oil sands producers who have had limited access to export pipelines. The new 760,0000 barrel-a-day conduit that replaces an older one with less capacity is as little as 30 to 60 days from completion, according to a notice sent to shippers.

Canada’s oil sands producers have struggled for years with a shortage of export pipelines as projects to build new ones face increasing scrutiny from courts and regulators. U.S. President Joe Biden, on his first day in office, rescinded a permit for TC Energy Corp.’s Keystone XL project that would have helped increase shipments of Canadian crude to the U.S. Gulf Coast.

“Enbridge has filed for toll surcharges on the Line 3 replacement with the Canada Energy Regulator and Federal Energy Regulatory Commission, which could be effective as early as Sept. 15,” a spokesperson said in an emailed statement. “There will be a further filing to specify the specific in-service date shortly before the line goes into service once all necessary construction and commissioning activities are complete.”
...

The pipeline would be the first new cross-border export project built between Canada and the U.S. in years. The line is scheduled to enter service with oil sands production exceeding the capacity of existing lines out of Western Canada, forcing some companies to ship crude by rail.

The Line 3 project has been fiercely opposed by some environmental and indigenous groups, who have staged protests this summer along the construction route. Enbridge spent years in court fights and regulatory battles to get the line built. The Trans Mountain expansion, another export pipeline under construction is British Columbia, is scheduled to enter service as early as 2022.
...

[pickuru]

Ross Healy discusses Enbridge

https://www.bnnbloomberg.ca/video/ross-healy-discusses-enbri…

[faultcode]

Antwort auf Beitrag Nr.: 69.051.191 von faultcode am 14.08.21 13:34:46

im Oktober soll's richtig losgehen:

1.9.
Enbridge to start moving oil-sands crude in new pipeline
https://www.bnnbloomberg.ca/enbridge-to-start-moving-oil-san…
...
Enbridge Inc. is getting ready to ship crude from the oil sands in the first new cross-border oil-sands conduit built between Canada and the U.S. in years.

The company is offering 620,000 barrels a day of capacity in its Line 3 oil pipeline in October, according to a notice it sent to shippers. The Line 3 project will replace and older Line 3 that can ship about 390,000 barrels a day. The project is scheduled to go into operation in the fourth quarter, according to an email from Enbridge.

“The capacity provided to shippers is still an estimate as there are numerous factors including linefill, system outages for construction and tie in work that need to be completed,” Jesse Semko, Enbridge spokesman, said in the email.
...

___
eigentlich kein großes Ding. Aber in Zeiten, in denen das Keystone XL Pipeline-Projekt mal wieder untersagt wurde, kommt der Line 3 eben erhöhte Bedeutung zu, auch wenn sie natürlich kein 1:1-Ersatz ist:

https://www.keystonexl.com/

[faultcode]

7.9.
Enbridge agrees with EnCap on a $3 billion deal to acquire crude export terminal Ingleside Energy Center
https://www.marketwatch.com/story/enbridge-agrees-with-encap…

Enbridge Inc. announced Tuesday an agreement with EnCap Flatrock Midstream to buy Moda Midstream Operating LLC in a cash deal valued at $3.0 billion.

Enbridge expects the deal to "immediately and strongly" add to cash flow and earning to share upon closing, which is expected to occur in the fourth quarter of 2021. Under terms of the deal, Enbridge will acquire a 100% interest in the Ingleside Energy Center near Corpus Christi, Texas, which Enbridge said is North America's largest crude export terminal.

Enbridge said it will also acquire a 20% interest in the Cactus II Pipeline, a 100% interest in the Viola pipeline and a 100% interest in the Taft Terminal. "With close proximity to world-class Permian reserves, and with cost effective and efficient export infrastructure, our new Enbridge Ingleside terminal will be critical to capitalizing on North America's energy advantage," said Enbridge Chief Executive Al Monaco.

[faultcode]

durch diese Hürde muß sie gehen:

[faultcode]

Antwort auf Beitrag Nr.: 69.423.151 von faultcode am 25.09.21 11:46:46

Zitat von faultcode: durch diese Hürde muß sie gehen:
...

geschafft nach gefälligem Q3-Bericht => 4-Jahreshoch (wenn auch sehr knapp):




Das nächste Top dürfte ungleich schwerer mMn werden. Das liegt intraday bei USD57.19 und ist vom 4.12.2014

[BigNick]

Danke für deine kontinuierlichen Berichte faultcode... Ich schaue jetzt immer mal vorbei und würde mich freuen, wenn du mich und andere weiter auf dem Laufenden hälst.

[faultcode]

Antwort auf Beitrag Nr.: 68.155.144 von faultcode am 12.05.21 01:56:14

8.11.
Biden administration confirms it's considering shut down of part of Line 5 oil and gas pipeline
https://www.marketwatch.com/story/biden-administration-confi…

The Biden administration is looking at potentially shutting down an existing segment of the Line 5 oil and gas pipeline that serves the Midwest, White House spokeswoman Karine Jean-Pierre told reporters on Monday, confirming reports on the issue last week.

"The Army Corps of Engineers is preparing an environmental impact statement on Line 5 and the construction of that replacement line," she said.

"The EIS will help inform any additional action or position the U.S. will be taking on the replacement of Line 5." Democratic Michigan Gov. Gretchen Whitmer has sought to shut down that segment of pipeline amid concerns about the potential for a spill in the Straits of Mackinac, putting her at odds with Canadian energy pipeline company Enbridge and Canada's government.


Kanada? Ich dachte, das sind die Guten mit dem woken Justin Trudeau und so

[faultcode]

Antwort auf Beitrag Nr.: 69.850.139 von faultcode am 08.11.21 21:00:18

anscheinend hat es die Biden Administration mit der Angst zu tun bekommen: alles wieder retour:


...
https://financialpost.com/commodities/energy/oil-gas/white-h…

ein Kommentar dazu:

[faultcode]

Antwort auf Beitrag Nr.: 69.873.179 von faultcode am 10.11.21 13:04:18

die Schlacht geht weiter:

16.11.
Enbridge Defeats Michigan Governor’s Bid to Move Line 5 Pipeline Case
https://finance.yahoo.com/news/enbridge-defeats-michigan-gov…
...
Judge Janet Neff of the U.S. District Court for the Western District of Michigan Southern Division rejected Michigan’s effort to send the case over Governor Gretchen Whitmer’s order for Enbridge to shut its Line 5 pipeline to state court. The case “is properly in federal court,” according to the ruling.

Whitmer has ordered Enbridge to shut Line 5 arguing that its a threat to the Great Lakes because it presents an environmental threat where it crosses through Straits of Mackinac, where Lake Michigan and Lake Huron connect. Enbridge has refused to comply, arguing that the governor is exceeding her authority and federal jurisdiction applies.

The company says it is seeking to make the pipeline safer by building a tunnel under the waterway to house the line.
...

[faultcode]

26.11.
Enbridge Plan to Keep Oil Pipelines Full Rejected by Canadian Regulator
https://finance.yahoo.com/news/enbridge-plan-keep-oil-pipeli…
...
Enbridge Inc.’s proposal to keep its massive Mainline oil pipeline network full through long-term contracts was rejected by Canada’s top energy regulator in a win for some producers who want more flexibility to ship their crude.

“Mainline contracting would likely reduce the access to pipeline capacity realistically available to certain shippers,” the Canada Energy Regulator said in its ruling Friday. “The package of tolls, terms and conditions in the service offering would result in a distribution of benefits and negative impacts that is uneven and disproportionate.”

The decision deals a blow to North America’s largest pipeline company as it upgrades a vast system that ships more than 3 million barrels of crude a day from Alberta to the U.S. Midwest and Gulf Coast, as well as Ontario and Quebec. The network includes the Line 3 and Line 5 conduits that have faced opposition in the U.S.
...

[Heardbrave]

Neu hier, ist diese Aktie einen Kauf wert...
bzw. wie hoch ist die jährliche Dividendenrendite, würde es als Anlage sehen!

[Tamakoschy]

Antwort auf Beitrag Nr.: 70.085.633 von Heardbrave am 01.12.21 13:35:19

Zitat von Heardbrave: Neu hier, ist diese Aktie einen Kauf wert...
bzw. wie hoch ist die jährliche Dividendenrendite, würde es als Anlage sehen!

https://de.marketscreener.com/kurs/aktie/ENBRIDGE-INC-140988…

[Heardbrave]

Thanks 👍

[faultcode]

7.12.
Enbridge Sees Two Options for Pipelines After Contracting Failed
https://finance.yahoo.com/news/enbridge-sees-two-options-pip…
...
Enbridge Inc. is evaluating two tolling options for its vast Mainline oil pipeline network after a proposal to offer long-term contracts to keep the conduits full was rejected by Canada’s energy regulator.

North America’s largest pipeline company will either pursue a modified, incentive-based version of its current arrangement, which allows producers to decide the volumes they want to ship each month, or a system that would ensure tolls are enough to cover costs and provide a return on investments, Chief Executive Officer Al Monaco said in a presentation Tuesday.

The Mainline pipeline network ships more than 3 million barrels of crude a day from Alberta to the U.S. Midwest, where it connects to the Gulf Coast, as well as Ontario and Quebec. It includes the Line 3 and Line 5 conduits that have faced opposition in the U.S.
....

[faultcode]

11.2.
Enbridge Inc. Fourth Quarter and Year End 2021 Financial Results
https://www.enbridge.com/investment-center/events-and-presen…
...


...


...

[faultcode]

29.7.
UPDATE 4-Canada's Enbridge to invest $1.5 bln in Pacific Energy's Woodfibre LNG project
https://finance.yahoo.com/news/2-canadas-enbridge-partners-p…
...
Canada's Enbridge Inc said on Friday it will invest $1.5 billion in the joint construction and operation of the Woodfibre liquefied natural gas (LNG) project with Pacific Energy Corp Ltd.

The move is Calgary-based Enbridge's first investment in a liquefaction facility. It comes amid a boom in North American LNG exports and high demand for the fuel as Europe seeks to replace lost Russian gas supplies following Russia's invasion of Ukraine.

Woodfibre LNG, a subsidiary of Pacific Energy Ltd, gave notice to proceed with construction to its prime contractor in April. The 2.1 million tonne per year export facility in Squamish, British Columbia, will have 250,000 cubic meters of floating storage capacity and is expected to be completed in 2027.

Under the partnership, Enbridge will invest in a 30% ownership stake in the $5.1 billion project, with Pacific Energy retaining the remaining stake in the facility.

Woodfibre is smaller and lower-cost than many other LNG projects being developed in North America, making it an attractive investment for Enbridge as the company builds experience in the sector, Jason Kearns, Enbridge's director of business development, said in an interview.

"This one's very close to existing assets in a jurisdiction that we're very familiar with, and at a scale that makes sense for us as a first foray into this space," Kearns said.

The project is underpinned by two long-term offtake agreements with BP Gas Marketing Ltd for 15 years representing 70% of the capacity, with additional commitments in development for up to 90%, Enbridge and Pacific Energy said in a statement.
...

[faultcode]

29.7.
Enbridge Reports Second Quarter 2022 Financial Results and Announces $3.6 Billion of Newly Secured Projects This Quarter
https://finance.yahoo.com/news/enbridge-reports-second-quart…
...
Strong operational performance is expected to be offset by challenging market conditions which continue to impact Energy Services, along with higher financing costs, due to rising interest rates, relative to 2022 financial guidance.
...
GAAP earnings attributable to common shareholders for the second quarter of 2022 decreased by $944 million or $0.47 per share compared with the same period in 2021, primarily due to the impact of the mark-to-market value of derivative financial instruments used to manage foreign exchange risk.
...

[faultcode]

8.9.
Enbridge Line 5 Can Run as Oil Pipe Is Rerouted, Judge Says
https://finance.yahoo.com/news/enbridge-line-5-run-while-161…
...
Enbridge Inc.’s controversial Line 5 oil pipeline can keep operating while the company relocates part of it to avoid an indigenous group’s land, according to a court decision.

A US District Court judge in Wisconsin ruled in favor of the Bad River Band of the Lake Superior Tribe of Chippewa Indians, who said the conduit was trespassing on their territory. Judge William Conley said the group is entitled to a monetary remedy, but stopped short of granting an injunction that would shut the line because it would have “significant public and foreign policy implications.”

“While inclined to grant alternative injunctive relief to the Band, requiring Enbridge to reroute its pipeline outside the Reservation, the court will seek input from the parties before deciding the terms of a permanent injunction,” the judge ruled.

The decision ensures “the pipeline will continue to provide energy to millions of people in the Upper Midwest while Enbridge moves forward with the relocation of Line 5 around the Bad River Reservation,” an Enbridge spokesperson said in a statement. “The court further recognized that the Line 5 relocation project needs to move forward in a timely fashion.”

Enbridge is facing multiple legal battles over Line 5, a key conduit for supplying oil to refineries in the US Midwest and Canada. Besides its dispute with the indigenous community in Wisconsin, the company is fighting an order by Michigan Governor Gretchen Whitmer to shut the pipeline due to environmental risks to the Great Lakes.
...



=> Pre-Market: 06:10AM EDT: +3%

[faultcode]

23.11.
EDF Renewables, Enbridge and CPP Investments Announce France's First Offshore Wind Project, Saint-Nazaire, is Now Fully Operational
https://www.prnewswire.com/news-releases/edf-renewables-enbr…
...
EDF Renewables and EIH S.à.r.l, a subsidiary of Enbridge Inc. (TSX: ENB) (NYSE: ENB) and CPP Investments, have achieved a significant milestone as France's first commercial-scale offshore wind project, the 480-megawatt Saint-Nazaire Offshore Wind Farm, is now fully operational. Located between 12 and 20 km from the southwest coast of France, the wind farm will help support the French State's energy transition goals, which include targets to generate 32% of its energy from renewable sources by 2030.

By providing secure, low carbon, affordable and reliable energy, Saint-Nazaire is also responding to the global energy challenge at a crucial time. The wind farm will produce the equivalent of 20% of the Loire-Atlantique's annual electricity consumption and supply the equivalent of the consumption of 700,000 people with electricity every year. To celebrate this milestone, an inauguration will take place today in Saint-Nazaire, France.
...

[beton0815]

Kann mir jemand sagen, wie hoch die letzte Dividende netto war?
In € Cent.

Danke

[bpmeister13]

Antwort auf Beitrag Nr.: 73.174.795 von beton0815 am 27.01.23 13:59:59

Zitat von beton0815: Kann mir jemand sagen, wie hoch die letzte Dividende netto war?
In € Cent.

Danke

bei mir waren es 0,45 €/ Stück netto

[beton0815]

Antwort auf Beitrag Nr.: 73.175.107 von bpmeister13 am 27.01.23 14:41:34

Also ca. 4,8% netto Dividende

Danke für die Info

[beton0815]

ENB announced a cash dividend of 0.887 with an ex-date of Feb. 14, 2023


Yahoo Finance

[faultcode]

23.3.
Army Corps further delays decision on Great Lakes oil tunnel
Federal officials are delaying a decision on whether to approve an oil pipeline tunnel in a Great Lakes waterway
https://abcnews.go.com/Business/wireStory/army-corps-delays-…
...
A federal review of plans for a Great Lakes oil pipeline tunnel will take more than a year longer than originally planned, officials said Thursday, likely delaying completion of the project — if approved — until 2030 or later.

The U.S. Army Corps of Engineers had intended to release a draft report later this year on how the proposed tunnel beneath Michigan's Straits of Mackinac would affect the environment. Enbridge Energy wants it to house a section of its Line 5 oil pipeline that crosses the bottom of the straits connecting Lake Huron and Lake Michigan.

But under the new timeline, the report won't be issued until spring 2025. An approval decision would be expected in early 2026.
...

The slowdown is a setback for a project that Enbridge originally planned to complete as early as next year, spending about $500 million. Mike Fernandez, a senior vice president of the Canadian company based in Calgary, Alberta, told The Associated Press the cost has risen but did not have a new estimate. The new timeline could push tunnel completion to 2030.

"It's really, really disappointing,” Fernandez said in an interview ahead of the Corps' announcement, adding that the delay “flies in the face” of the Biden administration's pledge to quicken environmental permitting for infrastructure projects.

“To borrow a phrase from the president when he was running, we want to build back better and sooner,” Fernandez said. “But right now, it appears that the federal government, or at least the U.S. Army Corps of Engineers, has not gotten that message.”

He said Enbridge remains committed to the tunnel for the underwater segment of Line 5 that Michigan Gov. Gretchen Whitmer, environmental groups and Native American tribes want shut down.

They contend the nearly 4-mile (6.4-kilometer) section is vulnerable to a rupture. Line 5 moves about 23 million gallons (87 million liters) of oil and natural gas liquids daily between Superior, Wisconsin, and Sarnia, Ontario.

Enbridge insists the nearly 70-year-old dual pipes are in good condition and monitored regularly. But the company agreed in 2018 with Whitmer's predecessor, Republican Rick Snyder, to drill a tunnel that would encase a new pipeline section in concrete.
...

[faultcode]

6.4.
Enbridge CEO Points to Permian to Allay Oil Unit Growth Concerns
https://finance.yahoo.com/news/enbridge-ceo-points-permian-a…
...

[faultcode]

5.9.
Enbridge Bets Big on US Gas With $9.4 Billion Dominion Deal
https://finance.yahoo.com/news/enbridge-buy-three-dominion-u…
...
Canadian pipeline operator Enbridge Inc. agreed to buy three utilities from Dominion Energy Inc. in a $9.4 billion deal to create North America’s largest natural gas provider.

The acquisition of the East Ohio Gas Co., Questar Gas Co. and Public Service Co. of North Carolina will double the Calgary-based company’s gas utility business, Enbridge said in a statement Tuesday.

The deal is a massive bet that gas will remain a transition fuel for the foreseeable future even as much of the world tries to phase out fossil fuels to fight climate change. While there’s a strong push to deploy more renewable energy, there’s also a growing recognition that the green transition will take time, ensuring gas will be in demand for years.
...

[WH11]

Antwort auf Beitrag Nr.: 74.439.183 von faultcode am 06.09.23 13:28:55

Kommt nicht gut an beim Markt. Was will die Allgemeinheit denn nun, Solar und Wasserstoff laufen ja auch nicht!?

[GreenLantern1]

Heute einen ersten Fuß in das Unternehmen gesetzt. Wenn die Aktie deutlich runtergehen sollte kaufe ich gerne nach.

Neben Liquids+Gas-Pipelines ist Enbridge breit aufgestellt, von Geothermie bis Windkraft von Kanada bis Deutschland.




https://www.enbridge.com/map#map:infrastructure

[Deflair]

Ich habe mir zum Test ein paar Enbridge Aktien gekauft weil ich wissen wollte wie das im Detail mit der Quellensteuer abläuft.

Die DKB hat wohl dieses QI so dass schon 15% automatisch mit der deutschen Steuer verrechnet wird.

Insgesamt zahle ich damit aber immernoch 40% Steuern auf die Dividenden.

Ich konnte weder mit google noch mit ChatGPT rausfinden ob ich die zweiten 15% Quellensteuer auch noch direkt bei den amerikanischen Steuerbehörden zurück fordern kann oder ob das was über QI automatisch geregelt wurde schon alles ist was wir zurück fordern können.

Kennt sich da jemand aus?

[SwedishChef]

Antwort auf Beitrag Nr.: 74.772.464 von Deflair am 09.11.23 09:39:50

Ich halte meine Enbridge auch über die DKB. Auf meiner letzten Abrechnung wird Folgendes ausgewiesen:

Einbehaltene Quellensteuer 25 %
Anrechenbare Quellensteuer 15 %
10 % rückforderbare Quellensteuer

[Deflair]

Danke für die Information

Ich hab mal meinen DKB Posteingang durchsucht aber da ich die Enbridge noch kein ganzes Jahr habe hab ich so eine Abrechnung vermutlich noch nicht oder ich habs nicht gefunden.

[Salazie]

Antwort auf Beitrag Nr.: 74.772.464 von Deflair am 09.11.23 09:39:50

Zitat von Deflair: Ich konnte weder mit google noch mit ChatGPT rausfinden ob ich die zweiten 15% Quellensteuer auch noch direkt bei den amerikanischen Steuerbehörden zurück fordern kann oder ob das was über QI automatisch geregelt wurde schon alles ist was wir zurück fordern können.

enbridge ist ein kanadisches unternehmen und da dürfte eine andere regelung gelten als bei amerikanischen aktien.....................

[faultcode]

13.12.
Enbridge Announces $3.1 Billion Sale of its Interests in Alliance Pipeline and Aux Sable
https://finance.yahoo.com/news/enbridge-announces-3-1-billio…
...
Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement to sell its 50.0% interest in Alliance Pipeline ("Alliance") and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation ("Pembina") (PPL: TSX) (NYSE: PBA) for a purchase price of $3.1 billion, including non-recourse debt at Alliance of approximately $0.3 billion, and subject to customary closing adjustments.

Alliance delivers liquids rich natural gas sourced in Northeast B.C., Northwest Alberta, and the Bakken region to Chicago. Aux Sable operates NGL extraction and fractionation facilities in both Canada and the U.S., with extraction rights on Alliance, offering connectivity to key U.S. NGL hubs.

The sale price represents an attractive valuation of approximately 11 times projected 2024 EBITDA for Alliance and approximately 7 times for Aux Sable, which is in line with other commodity exposed businesses.

"We are pleased to continue our strong track record of surfacing value for shareholders through an ongoing capital recycling program. With this divestiture, we will have raised ~$14 billion since 2018 at attractive valuations," said Pat Murray, EVP and Chief Financial Officer. "Today's transaction reinforces our disciplined approach to capital allocation. We remain committed to optimizing our portfolio, enhancing our industry leading cash flow profile by reducing commodity price exposure, bolstering our financial flexibility, and maintaining a strong balance sheet."
...

[bödel]

Die Enbridge Inc. ist ein kanadisches Energieunternehmen, das sich auf den Transport und die Verteilung von Erdöl und Erdgas spezialisiert hat. Laut den aktuellen Informationen von Februar 2024 beträgt die Dividendenrendite von Enbridge 7,70%.
Habe bereits seit 2020 im Depot hat sich von 0,81 CAD je Aktie auf 0,915 Cad gesteigert rund 13 % mehr in 3 Jahren plus 10% Kurssteigerung.
Enbridge zahlt vierteljährlich eine Dividende aus.
Enbridge hat die Dividende in den letzten Jahren kontinuierlich erhöht. Die durchschnittliche jährliche Steigerung in den letzten 5 Jahren betrug 5,5%1. Die erwartete Steigerung für die nächsten Jahre liegt bei 3,38%
Also dieses Jahr Steigerung auf 0,945 CAD

[Deflair]

Bei simplywall.st steht dass die dividende einer Ausschüttung in Höhe von 125% der Earnings per Share beträgt.

Ist das einem Einmal Effekt geschuldet oder ist die Dividende einfach nicht nachhaltig?

[SwedishChef]

Antwort auf Beitrag Nr.: 75.486.630 von Deflair am 20.03.24 13:50:28

Enbridge zahlt die Dividende aus dem Distributable Cash Flow. Dieser lag in 2023 bei 5,48 CAD pro Aktie. Die vom Unternehmen für dieses Jahr veröffentlichte Guidance liegt bei 5,40 - 5,80 CAD pro Aktie.