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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 March 3, 2008
Commission file number 001-15254
ENBRIDGE INC.
(Exact name of Registrant as specified in its charter)
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Canada |
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None |
(State or other jurisdiction
of incorporation or organization)
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(I.R.S. Employer 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 if the Registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by
regulation S-T Rule 101(b)(7):
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.
If Yes is marked, indicate below the file number assigned to the Registrant in connection with
Rule 12g3-2(b):
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION
STATEMENTS ON FORM S-8 (FILE NO. 333-145236, 333-127265, 333-13456, 333-97305 AND 333-6436), FORM
F-3 (FILE NO. 33-77022) AND FORM F-10 (FILE NO. 333-141478) 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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR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:
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Press Release dated February 11, 2008. |
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Press Release dated February 13, 2008. |
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: |
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March 3, 2008 |
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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
Ontario Energy Board Approves Enbridge Gas Distributions
Multi-Year Incentive Rate Setting Plan
Toronto, Ontario, February 11, 2008 The Ontario Energy Board (OEB) today approved a
settlement agreement reached between Enbridge Gas Distribution Inc. (Enbridge Gas Distribution or
the Company) and ratepayer representatives in connection with the Companys application for an
incentive regulation rate setting mechanism.
The agreement provides the methodology for establishing distribution rates for a five- year period
(2008-2012 inclusive) by means of a formula. As a result, extensive annual public hearings to
establish rates will not be required.
In giving its approval, the OEB recognized that the agreement will put downward pressure on rates
by encouraging new levels of efficiency within the utility. The plan is designed to share the
benefits of new efficiencies with customers. The agreement also provides the regulatory stability
needed for anticipated investment in Enbridge Gas Distributions Ontario natural gas distribution
system.
Revenues to be recovered through rates will be determined each year by a formula that takes into
account a portion of the rate of inflation and the total number of customers served.
The agreement provides an envelope of revenue growth of about three per cent for each of the next
five years and rate increases for residential customers of two per cent. However, for 2008 only,
revenue growth will be offset by certain one-time adjustments and annual bills are estimated to
increase this year by less than half of one per cent for a typical residential customer, excluding
the cost of natural gas. Other features include changes to the fixed charge component of rates and
a provision for the sharing of earnings with customers if earnings exceed a defined threshold.
A copy of the decision is available at the OEBs website (www.oeb.gov.on.ca).
Enbridge Gas Distribution has been in business for 160 years and is Canadas largest natural gas
distribution company. Enbridge Gas Distribution is a wholly-owned subsidiary of Enbridge Inc., a
Canadian-based leader in energy transportation and distribution. As a distributor of energy,
Enbridge owns and operates distribution utilities that distribute natural gas to more than 1.8
million customers in Ontario, New Brunswick, southwestern Quebec and upper New York State.
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Contacts: |
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Enbridge Gas Distribution Inc.
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Enbridge Inc. |
Debbie Boukydis
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Anu Phatak |
Media
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Investment Community |
(416) 495-5682
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(403) 231-5942 |
Email: debbie.boukydis@enbridge.com
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Email: anu.phatak@enbridge.com |
Website: www.enbridge.com
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Website: www.enbridge.com |
NEWS RELEASE
Enbridge to Evaluate Strategic Alternatives for CLH Investment
CALGARY, ALBERTA February 13, 2008 Enbridge Inc (TSX:ENB) (NYSE:ENB) announced today that
it has engaged Citigroup Global Markets Inc. to assist it in evaluating strategic alternatives for
monetizing its investment in Compañia Logistica de Hidrocarburos (CLH). These alternatives
include the potential sale of some or all of Enbridges 25% shareholding in the company. The
Company cautions, however, that there can be no assurance that this evaluation will result in any
specific transaction, or if a transaction does occur, of the timing of such a transaction.
CLH is the leading company in the Spanish market for the transportation, storage and distribution
of refined petroleum products. Its operating assets include 100% of the refined products pipeline
network in Spain, as well as 63% of the total product storage capacity in the country.
Enbridge acquired its 25% interest in CLH in 2002, said Patrick D. Daniel, President and Chief
Executive Officer, Enbridge, Inc. Since that time we have been very pleased with the performance
of the company. CLH has exceeded all of our earnings and cash flow expectations, and continues to
present strong growth prospects for the foreseeable future. However, recent transactions in the
marketplace have highlighted the significant untapped value in our CLH investment which we believe
can best be redeployed to support our other priority growth initiatives.
Proceeds from any monetization of the CLH investment would be applied toward funding Enbridges
extensive list of expansion projects in its core North American crude oil pipeline business.
About Enbridge
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 in Ontario, Quebec, New Brunswick and New York State.
Enbridge employs approximately 5,500 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 which 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. Except as may be required by
applicable securities laws, 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Enbridge Inc.
Jennifer Varey
Media
(403) 508-6563
Toll free: (888) 992-0997
Email: jennifer.varey@enbridge.com
or
Enbridge Inc.
Vern Yu
Investment Community
(403) 231-3946
Email: vern.yu@enbridge.com
Website: www.enbridge.com