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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 5, 2009
Commission file number 001-15254
ENBRIDGE INC.
(Exact name of Registrant as specified in its charter)
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Canada
(State or other jurisdiction
of incorporation or organization)
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None
(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.
Form 20-F o Form 40-F þ
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):
Yes o No þ
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):
Yes o No þ
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.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the Registrant in connection with Rule 12g3-2(b):
N/A
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 AND 333-152607) 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BE PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY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 July 20, 2009. |
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Press Release dated July 29, 2009. |
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 5, 2009 |
By: |
/s/ Alison T. Love |
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Alison T. Love |
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Vice President & Corporate Secretary |
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2
NEWS RELEASE
Enbridge to Assist Enbridge Energy Partners with U.S. Alberta Clipper Funding
July 20, 2009 CALGARY, ALBERTA and HOUSTON Enbridge Inc. (TSX/NYSE: ENB) and Enbridge Energy
Partners (NYSE: EEP) (the Partnership) announced today that they have concluded a joint funding
agreement under which Enbridge will effectively fund two-thirds of the $1.2 billion U.S. segment of
the Alberta Clipper crude oil pipeline project.
Under the terms of the agreement, Enbridge will participate in the debt financing that EEP raises
for the project, and will fund two-thirds of the projects equity requirements directly into
Enbridge Energy, Limited Partnership (EELP), the subsidiary of EEP which is constructing the
project. Enbridge will be entitled to two-thirds of the earnings and cash flow which EELP
generates from the base project. Enbridge and EEP will each have a right of first refusal on each
others investment in the project, and EEP will retain the right to fund up to 100% of any
expansion, and dilute Enbridges interest down correspondingly. The terms of the agreement were
reviewed and approved by a committee of EEPs independent directors.
In addition to Alberta Clipper, EEP is undertaking a number of very attractive growth
opportunities including the expansion of our North Dakota system to accommodate increased Bakken
shale production, the recently completed Southern Access expansion of our crude oil mainline, and
the Clarity gas pipeline; and there are further attractive opportunities in sight for both crude
oil and natural gas infrastructure , said Terrance McGill, president of the Partnerships
management company and of its general partner.
The joint funding arrangement for Alberta Clipper substantially reduces the equity required to
complete the permanent funding for these projects down to a level that we can likely accommodate
through sale of non-strategic assets, or a traditional private or public placement of Partnership
units Mr. McGill continued. As a result, these projects should all be accretive and we will
avoid the dilution which would otherwise result from a very large equity issue, given current
market conditions. At the same time, with Enbridge participating in the debt which needs to be
issued for Alberta Clipper, it will reduce our call on debt markets and should improve our
borrowing rates.
EEP is now well positioned to consider new opportunities as they arise, said Mr. McGill.
The joint funding for the U.S. segment of Alberta Clipper is a win/win for Enbridge and EEP, and
our shippers, said Patrick D. Daniel, President and Chief Executive Officer, Enbridge Inc.
For shippers, it should result in lower tolls because EEPs cost to finance the debt component of
Alberta Clipper should be reduced. For Enbridge and EEP, it enables the project to be funded on a
basis which will be accretive to both, compared to a dilutive equity offering by EEP. Based on
Enbridges current capital plans, we have a substantial cushion of surplus equity to fund this
investment as well as other opportunities that may become available.
The Alberta Clipper project consists of a 36-inch diameter pipeline, and associated pumping and
terminaling facilities, from Hardisty, Alberta to Superior, Wisconsin. The segment from Hardisty
to the U.S. border is being undertaken by Enbridge Pipelines Inc., a wholly owned subsidiary of
Enbridge Inc., at an estimated cost of Cdn $2.4 billion; and the segment from the U.S. border to
Superior is being undertaken by EEP through EELP. Both segments are scheduled to be in service by
mid-2010. The initial capacity of the line will be 450,000 barrels per day of heavy crude,
expandable at very low cost, through the addition of pumping facilities, to 800,000 barrels per
day.
Conference Call Enbridge Inc.
Enbridge Inc. will hold a conference call on Monday, July 20, 2009 at 10:00 a.m. Eastern Daylight
time (8:00 a.m. Mountain Daylight time) to discuss the agreement. Analysts, members of the media
and other interested parties can access the call at +617-213-8840 or toll-free at 1-1-866-700-7477
using the access code of 17941098. The call will be audio webcast at www.enbridge.com.
A webcast replay will be available approximately two hours after the conclusion of the event and a
transcript and downloadable MP3 podcast will be posted to the website within approximately 24
hours. The audio replay will be available at toll-free 1-888-286-8010 or +617-801-6888 for 7 days
following the call. The access code for the replay is 36976916.
Conference Call Enbridge Energy Partners
Enbridge Energy Partners will hold a conference call on Monday, July 20, 2009 at 9:00 a.m. Eastern
Daylight time (8:00 a.m. Central Daylight time). Analysts, members of the media and other
interested parties can access the call at +201-689-8568 or toll-free at 1-877-407-0782. The call
will be audio webcast at: http://www.investorcalendar.com/IC/CEPage.asp?ID=147560.
A webcast replay will be available approximately two hours after the conclusion of the event and a
downloadable MP3 podcast will be posted to the website within approximately 24 hours. The audio
replay will be available at toll-free 1-877-660-6853 or +201-612-7415 until midnight on August 3,
2009. The account number for the replay is 286 and the conference ID is 328391.
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 6,000 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.
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 United States. Its principal crude oil
system is the largest transporter of growing oil production from western Canada. The systems
deliveries to refining centers and connected carriers in the United States account for
approximately 11 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 approximately 3 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 sole asset is an approximate 13 percent interest in the
Partnership. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of
Calgary, Alberta, (NYSE: ENB) (TSX: ENB) (www.enbridge.com), is the general partner and holds an
approximate 27 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 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
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Jennifer Varey
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Vern Yu |
Media
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Investment Community |
(403) 508-6563 or Toll Free: (888) 992-0997
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(403) 231-3946 |
Email: jennifer.varey@enbridge.com
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Email: vern.yu@enbridge.com |
Enbridge Energy Partners, L.P.
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Larry Springer
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Douglas Montgomery |
Media
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Investment Community |
(713) 821-2253
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Toll-free: 1-866-EEP INFO or 1-866-337-4636 |
Email: usmedia@enbridge.com
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Email: eep@enbridge.com |
NEWS RELEASE
Enbridge Announces US $500 million Walker Ridge Gathering System for Ultra Deepwater Discoveries
in Gulf of Mexico
HOUSTON and CALGARY, Alberta (July 29, 2009) Enbridge Inc. (TSX: ENB) (NYSE:ENB) today announced
it has entered into Letters of Intent with Chevron USA, Inc. which could result in the expansion of
its central Gulf of Mexico offshore pipeline system. Under the terms of the LOI, Enbridge proposes
to construct, own and operate the Walker Ridge Gathering System (WRGS) to provide natural gas
gathering services to the potential Jack, St. Malo and Big Foot ultra deepwater developments. The
estimated cost of the WRGS is approximately US $500 million, subject to finalization of scope and
definitive cost estimates.
The Gulf of Mexico has long been a major producing region for North American oil and gas, and
there is a significant trend towards ultra deepwater developments in the Gulf of Mexico, said
Patrick D. Daniel, President and Chief Executive Officer, Enbridge Inc. The Walker Ridge Gathering
System will tie in a new supply source for Enbridges Manta Ray and Nautilus offshore pipeline
systems, enhancing Enbridges existing offshore pipeline business and establishing a strategic base
for future growth opportunities in the ultra-deep Gulf of Mexico. In addition, the development of
the new gathering system represents an attractive investment opportunity itself, with risk and
return characteristics comparable to Enbridges normal business model.
Mr. Daniel continued, This latest addition to our portfolio of commercially secured projects is
indicative of a variety of growth opportunities which are currently under development, supporting
our expectation that we will be able to extend our 10% plus 2008-2013 average growth rate at a
similar rate well beyond 2013. Enbridge has ample financial capacity to fund the equity component
of this investment from internally generated cash flow and surplus balance sheet equity.
The WRGS is expected to include approximately 190 miles of 8-inch,10-inch and/or 12-inch diameter
pipeline at depths of up to 7,000 feet and will have a capacity of 100 million cubic feet per day
(mmcf/d).
Enbridge offshore pipelines currently transport about 40 percent of all deepwater Gulf of Mexico
natural gas production and include the UTOS, Stingray, Garden Banks, Nautilus, Manta Ray,
Mississippi Canyon, Okeanos and Destin systems. Enbridge offshore assets include joint venture
interests in 12 transmission and gathering pipelines in six major pipeline corridors in Louisiana,
Mississippi and Alabama offshore waters of the Gulf of Mexico. The system moves on average
approximately 30 percent of the Gulf of Mexico natural gas production at a rate of 2.5 billion
cubic feet per day (bcf/d).
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 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 6,000 people, primarily in Canada and the U.S. 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. U.S.
Media
Terri Larson
(713) 353-6317
Email: usmedia@enbridge.com
Enbridge
Inc. Canada
Media
Jennifer Varey
(403) 508-6563 or Toll Free: 1-888-992-0997
Email: jennifer.varey@enbridge.com
or
Enbridge Inc.
Investment Community
Vern Yu
(403) 231-3946
Email: vern.yu@enbridge.com
Website: www.enbridge.com