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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Dated August 1, 2006
Commission file number 0-21080
ENBRIDGE INC.
(Exact name of Registrant as specified in its charter)
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Canada
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(State or other jurisdiction
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(I.R.S. Employer |
of incorporation or organization)
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Identification No.) |
3000, 425 1st Street S.W.
Calgary, Alberta, Canada T2P 3L8
(Address of principal executive offices and postal code)
(403) 231-3900
(Registrants telephone number, including area code)
[Indicate by check mark whether the Registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.]
[Indicate by check mark whether the Registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934].
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION
STATEMENTS ON FORM S-8 (FILE NO. 333-13456, 333-97305, 333-6436 AND 333-127265), FORM F-3 (FILE NO.
33-77022) AND FORM F-10 (FILE NO. 333-122526) OF ENBRIDGE INC. AND TO BE PART THEREOF FROM THE DATE
ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS
SUBSEQUENTLY FILED OR FURNISHED.
The following documents are being submitted herewith:
· Press Release dated July 5, 2006.
· Press Release dated July 10, 2006.
· Press Release dated July 20, 2006.
· Press Release dated July 25, 2006.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ENBRIDGE INC.
(Registrant)
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Date:
August 1,
2006 |
By: |
/s/ Alison T. Love
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Alison T. Love |
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Vice President & Corporate Secretary |
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NEWS RELEASE
Enbridge receives shipper commitments for US$920 million Southern Lights diluent pipeline
CALGARY, Alberta, July 5, 2006 Enbridge Inc. (TSX/NYSE: ENB) announced today that it has
received commitments exceeding the planned 180,000 barrel-per-day capacity of its Southern Lights
diluent pipeline through the Open Season, which was announced on May 30, 2006. Committed shippers
will be prorated to an aggregate maximum of 162,000 barrels per day to retain a portion of the
capacity for spot shippers.
A number of the commitments included variations from the standard form of the commitment documents,
which variations are acceptable to Enbridge. Enbridge will post an amended set of documents
incorporating the variations, and has extended the Open Season until July 14, 2006 at noon MDT.
The Open Season was scheduled to close June 30, 2006 at 5 p.m. MDT.
The Southern Lights Pipeline will involve a combination of new construction and utilization of
existing facilities. These changes will increase the light crude system capacity by approximately
45,000 barrels per day and modestly reduce all crude oil tolls. Enbridge will seek support from
crude oil shippers for the regulatory applications, which will be required to obtain approval for
the reconfiguration of the crude oil mainline system.
The Southern Lights Pipeline responds to interest from a number of shippers to increase the
availability of diluent in Western Canada. Diluent is required to transport heavy oil and bitumen
being produced in increasing volumes in Alberta. Assuming on-time completion of most major oil
sands projects publicly announced to date, Enbridge forecasts that the demand for imported diluent
could reach 300,000 barrels per day by early in the next decade. The combination of Enbridges
150,000 barrel-per-day Gateway Condensate Import Pipeline along with Southern Lights will meet this
need. Light hydrocarbon streams suitable for diluent purposes are becoming increasingly scarce in
Alberta, but are relatively plentiful in the Pacific Basin and the U.S. Midwest.
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Major elements of the Southern Lights Pipeline project include a diluent line from Chicago to
Edmonton, achieved by:
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Constructing 1085 kilometres (674 miles) of 16 or 20-inch pipe from the Chicago area to
Clearbrook, Minnesota. Approximately 711 kilometres (442 miles) of this construction
utilizes the same right-of-way as Enbridges Southern Access expansion between Flanagan,
Illinois (just west of Chicago) and Superior, Wisconsin. The pipeline between Superior,
Wisconsin and Clearbrook, Minnesota will follow Enbridges existing right-of-way. |
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Reversing the flow of Enbridges Line 13 from Clearbrook to Edmonton. |
Additionally, Enbridge plans to construct a new 20 or 24-inch pipeline to transport 185,000 barrels
per day of light sour crude oil from Cromer, Manitoba to Clearbrook, and expand its existing Line
2. The result of these changes to the existing crude oil system is to increase light crude system
capacity by 45,000 barrels per day from Edmonton to the U.S. Midwest. Southern Lights Pipeline
will also share in the operating cost of the system between Edmonton and the U.S. Midwest. This
sharing is expected to modestly reduce tolls on Enbridges mainline system.
The preliminary estimated cost of the Southern Lights project is US$920 million (2006 dollars) and
it is anticipated to be in service in 2009, coinciding with the completion of the Southern Access
project.
A final decision to proceed with the pipeline project will require support from crude oil shippers,
as well as successful completion of engineering, environmental permitting, public consultation and
regulatory approvals. The project will also require approval of the Board of Directors of Enbridge
Energy Partners (EEP) for an exchange of the 250-kilometre (156-mile) section of Line 13 owned by
the Partnership for the same-length U.S. section of the new light sour line to be constructed as
part of the project. EEP is expected to also benefit from increased heavy crude shipments, which
will be facilitated by the diluent line.
Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in
North America and internationally. As a transporter of energy, Enbridge operates, in Canada and
the U.S., the worlds longest crude oil and liquids transportation system. The Company also has
international operations and a growing involvement in the natural gas transmission and midstream
businesses. As a distributor of energy, Enbridge owns and operates Canadas largest natural gas
distribution company, and provides distribution services to 1.8 million customers in Ontario,
Quebec, New Brunswick and New York State. Enbridge employs approximately 4,600 people, primarily
in Canada, the U.S. and South America. Enbridges common shares trade on the Toronto Stock
Exchange in Canada and on the New York Stock Exchange in the U.S. under the symbol ENB.
Information about Enbridge is available on the Companys web site at www.enbridge.com.
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Certain information provided in this news release constitutes forward-looking statements. The
words anticipate, expect, project, estimate, forecast and similar expressions are
intended to identify such forward-looking statements. Although Enbridge believes that these
statements are based on information and assumptions that are current, reasonable and complete,
these statements are necessarily subject to a variety of risks and uncertainties pertaining to
operating performance, regulatory parameters, weather, economic conditions and commodity prices.
You can find a discussion of those risks and uncertainties in our Canadian securities filings and
American SEC filings. While Enbridge makes these forward-looking statements in good faith, should
one or more of these risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those expected. Enbridge assumes no
obligation to publicly update or revise any forward-looking statements made herein or otherwise,
whether as a result of new information, future events or otherwise.
Enbridge Contacts:
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Media
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Investment Community |
Glenn Herchak (403) 266-7906
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Bob Rahn (403) 231-7398 |
glenn.herchak@enbridge.com
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bob.rahn@enbridge.com |
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NEWS RELEASE
Enbridge Inc. to webcast 2006 second quarter financial results conference call
CALGARY, Alberta, July 10, 2006 Enbridge Inc. will host a webcast conference call to
discuss its 2006 second quarter financial results as follows:
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Event:
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Enbridge Inc. 2006 Second Quarter Financial Results Conference Call |
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Date:
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Wednesday, August 2, 2006 |
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Time:
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9:30 a.m. EDT / 7:30 a.m. MDT |
Within North America, the toll-free call in number is 1-866-578-5784. Interested parties outside
North America can call in to +617-213-8056. The access code is 47924483. To register for the
webcast, interested parties are invited to visit www.enbridge.com/investor and follow the webcast
registration link under Investor News. A webcast replay will be available approximately two hours
after conclusion of the event and a transcript will be posted to the website within approximately
24 hours.
The webcast replay will be available at toll-free 1-888-286-8010 or +617-801-6888. The access code
for the replay is 32632815.
The conference call will cover the Companys most recent financial results and may contain
forward-looking statements. When used in the call, words such as anticipate, expect,
project, and similar expressions are intended to identify such forward-looking statements.
Although Enbridge believes that these statements are based on information and assumptions which are
current, reasonable and complete, these statements are necessarily subject to a variety of risks
and uncertainties pertaining to operating performance, regulatory parameters, economic conditions
and commodity prices. You can find a discussion of those risks and uncertainties in our Canadian
securities law and American SEC filings. While Enbridge makes these forward-looking statements in
good faith, should one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary significantly from those expected.
Enbridge common shares trade on the Toronto Stock Exchange in Canada and the New York Stock
Exchange in the United States under the symbol ENB.
For further information, contact:
Enbridge Investor Relations
403-231-5957 / 1-800-481-2804
Investor Web Site
www.enbridge.com/investor
NEWS RELEASE
Enbridge Gas Distribution Inc. Reaches Settlement in Garland Late Payment Penalty Class
Proceeding
$9 million to be Donated to Winter Warmth Fund Operated by United Way
Toronto, July 20, 2006 Enbridge Gas Distribution Inc., a wholly owned subsidiary of Enbridge
Inc., announced today that it has entered into a settlement agreement in a proposed class
proceeding related to late payment penalties charged in the past by Enbridge Gas Distribution.
If the settlement agreement is approved by the Ontario Superior Court of Justice, Enbridge Gas
Distribution will donate $9 million to the Winter Warmth Fund prior to the end of January 2007.
Initially launched by Enbridge Gas Distribution, Toronto Hydro and the United Way in 2004, other
Ontario natural gas and electric utilities have since joined the Winter Warmth Fund. The Winter
Warmth Fund provides eligible low-income customers of participating utilities with financial
assistance for the payment of their natural gas and electricity bills. The settlement will also
require Enbridge Gas Distribution to make payments of approximately $10.2 million to class counsel
on account of the plaintiffs legal fees and expenses and a payment to the Class Proceedings Fund,
operated by the Law Foundation of Ontario, of approximately $2 million. The total amount to be
paid by Enbridge Gas Distribution in connection with the settlement is $21.2 million. Enbridge Gas
Distributions agreement to settle the matter on this basis does not constitute any admission of
liability on its part.
Enbridge Gas Distribution believes that the amounts to be donated to the Winter Warmth Fund will
create a lasting legacy of valuable assistance to Enbridge Gas Distributions most vulnerable
low-income customers for many years to come.
In order to implement the proposed settlement, counsel for the plaintiff will bring a motion in the
Ontario Superior Court of Justice (the Court) for approval of the settlement, at which the
proposed settlement will be considered. Enbridge Gas Distribution expects the motion to be heard
by the Court in mid-August 2006. If approved by the Court, the settlement will be implemented on
the basis described in this release. If the Court does not approve the settlement, the settlement
agreement will become null and void, the proposed payments will not be made by Enbridge Gas
Distribution and the litigation will likely continue.
Late payment penalty revenues are included in Enbridge Gas Distributions estimate of revenues
for the year and therefore accrue to the benefit of all customers, reducing the cost of providing
distribution services. The Ontario Energy Board (OEB) approves these estimates and resulting
rates each year. Enbridge Gas Distribution intends to apply to the OEB for recovery of the
proposed payments resulting from the settlement of this action.
Background:
On April 22, 2004, the Supreme Court of Canada released its decision in a case commenced
against Enbridge Gas Distribution by a customer (Gordon Garland) with respect to late payment
penalties. The Supreme Court of Canada determined that Enbridge Gas Distribution would be required
to repay a portion of amounts paid to it as late payment penalties from April 1994. The total
amount of late payment penalties billed between April 1994 and February 2002 (when Enbridge Gas
Distributions late payment penalty was revised) was approximately $74 million.
On February 1, 2002, Enbridge Gas Distribution changed its late payment penalty from a one-time
five per cent charge to a one-time two per cent charge on current gas charges. These charges were
made pursuant to rate orders issued by the OEB. Based on further direction from the OEB, Enbridge
Gas Distributions late payment penalty was changed again in October 2005 to a monthly time-based
late payment penalty of 1.5 per cent of the outstanding balance on a customers account.
Enbridge Gas Distribution has an almost 160-year history and is Canadas largest natural gas
distribution company. Enbridge Gas Distribution is owned by Enbridge Inc., a Canadian-based company
that is leader in energy transportation and distribution in North America and internationally.
Enbridge provides distribution services to 1.8 million customers in the provinces of Ontario,
Quebec and New Brunswick, and in New York State. Enbridges common shares trade on the Toronto
Stock Exchange in Canada and on the New York Stock Exchange in the United States under the symbol
ENB. Information about Enbridge is available on the Companys website at www.enbridge.com.
When used in this news release, the words anticipate, expect, project, believe,
estimate, forecast and similar expressions are intended to identify forward-looking statements,
which include statements relating to pending and proposed projects. Such statements are subject to
certain risks, uncertainties and assumptions pertaining to operating performance, regulatory
parameters, weather and economic conditions and, in the case of pending and proposed projects,
risks relating to design and construction, regulatory processes, obtaining financing and
performance of other parties, including partners, contractors and
suppliers.
Contacts:
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Enbridge |
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Media
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Investment Community |
Lisa McCarney-Warus
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Bob Rahn |
(416) 495-5662
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(403) 231-7398 |
E-mail: lisa.mccarney@enbridge.com
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E-mail: bob.rahn@enbridge.com |
NEWS RELEASE
Enbridge to construct US$350 million Southern Access Extension
CALGARY, Alberta July 25, 2006 Enbridge Inc. (TSX/NYSE:ENB) today announced that it
is proceeding, with the formal support of its shippers and the Canadian Association of Petroleum
Producers (CAPP), to immediately commence implementation of its US$350 million Southern Access
Extension Pipeline Project. The new pipeline will extend the Enbridge crude oil mainline from
Flanagan, Illinois (just west of Chicago) south to the hub at Patoka, Illinois. Construction of
the line remains subject to regulatory, permitting and board approvals.
The Extension will consist of 286 kilometres of 36-inch diameter pipe with an initial capacity of
400,000 barrels per day (bpd), expandable at low cost to 800,000 bpd through the addition of
further pumping power. The new line is targeted to come into service as early in 2009 as possible.
Tolls for service from Flanagan to Patoka will reflect a distance-based roll-in with the U.S.
mainline system, owned by Enbridge Energy Partners, L.P. (NYSE:EEP), for all barrels which
originate on the mainline.
Patrick D. Daniel, President and Chief Executive Officer of Enbridge said, The Southern Access
Extension fills in another piece of the new market access plan we have been developing for several
years to accommodate growth in oil sands production. The Extension has been sized to provide ample
capacity for Canadian crude to access the Patoka hub, from which it can move to a variety of
markets such as Wood River, the U.S. Gulf Coast and Eastern PADD II. It will create value for
Canadian producers, who will be able to reach an expanded array of markets at low cost; and for
U.S. refiners, who will gain enhanced access to secure and growing volumes of Canadian crude oil.
The Southern Access Extension complements the Southern Access Expansion program currently under
development by Enbridge and EEP.
ABOUT ENBRIDGE INC.
Enbridge Inc. (www.enbridge.com) is a leader in energy transportation and distribution in
North America and internationally. As a transporter of energy, Enbridge operates, in Canada and
the United States, the worlds longest crude oil and liquids pipeline system. Enbridge also has
international operations and a growing involvement in the natural gas transmission and midstream
businesses. As a distributor of energy, Enbridge owns and operates Canadas largest natural gas
distribution company, which provides distribution services in the provinces of Ontario and Quebec,
and in New York State; and is developing a gas distribution system for the Province of New
Brunswick. Enbridge is a Canadian company and its common shares trade on the Toronto Stock Exchange
in Canada and on the New York Stock Exchange in the United States under the symbol ENB.
ABOUT ENBRIDGE ENERGY PARTNERS
Enbridge Energy Partners, L.P. (www.enbridgepartners.com) owns and operates a diversified
portfolio of crude oil and natural gas transportation systems in the U.S. Its principal crude oil
system is the largest transporter of growing oil production from western Canada. The systems
deliveries to refining centers in the U.S. Midwest account for approximately 10 percent of total
U.S. oil imports; while deliveries to Ontario, Canada satisfy approximately 60 percent of refinery
demand in that region. The Partnerships natural gas gathering, treating, processing and
transmission assets, which are principally located onshore in the active U.S. Mid-Continent and
Gulf Coast area, deliver more than 2 billion cubic feet of natural gas daily. Enbridge Energy
Management, L.L.C. (NYSE:EEQ) (www.enbridgemanagement.com) manages the business and affairs
of the Partnership and its principal asset is an approximate 18 percent interest in the
Partnership. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc.
is the general partner and holds an approximate 11 percent interest in the Partnership.
Certain information provided in this news release constitutes forward-looking statements. The
words anticipate, expect, project, estimate, forecast and similar expressions are
intended to identify such forward-looking statements. Although Enbridge believes that these
statements are based on information and assumptions that are current, reasonable and complete,
these statements are necessarily subject to a variety of risks and uncertainties pertaining to
operating performance, regulatory parameters, weather, economic conditions and commodity prices.
You can find a discussion of those risks and uncertainties in our Canadian securities filings and
American SEC filings. While Enbridge makes these forward-looking statements in good faith, should
one or more of these risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those expected. Enbridge assumes no
obligation to publicly update or revise any forward-looking statements made herein or otherwise,
whether as a result of new information, future events or otherwise.
CONTACTS:
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Enbridge Inc. |
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Investor Relations:
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Media: |
Bob Rahn
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Glenn Herchak |
(403) 231-7398
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(403) 266-7906 |
Email: bob.rahn@enbridge.com
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Email: glenn.herchak@enbridge.com |
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Enbridge Energy Partners |
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Investor Relations:
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Media: |
Tracy Barker
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Denise Hamsher |
(866) EEP INFO or (866) 337-4636
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(713) 821-2089 |
E-mail: eep@enbridge.com
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E-mail: usmedia@enbridge.com |