Enbridge Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s adjusted earnings were CAD 488 million or CAD 0.62 per common share against CAD 373 million or CAD 0.49 per common share a year ago. Earnings attributable to common shareholders decreased from CAD 261 million in the first quarter of 2012 to CAD 250 million in the first quarter of 2013. Increased adjusted earnings reflected higher volume throughput and tolls, specifically a higher Canadian Mainline International Joint Tariff Residual Benchmark Toll. Diluted earnings per common share were CAD 0.31 against CAD 0.34 a year ago. Cash provided by operating activities was CAD 793 million against CAD 648 million a year ago. The company is maintaining full year 2013 adjusted earnings guidance target range of CAD 1.74 to CAD 1.90 per share.

Enbridge Inc. announced that it has entered into a terminal services agreement with ConocoPhillips Canada Resources Corp. and Total E&P Canada Ltd. to expand existing infrastructure at the Enbridge Cheecham Terminal to accommodate incremental bitumen production from Surmont's Phase 2 expansion. The approximately $0.3 billion expansion is expected to come into service in two phases through the fourth quarter 2014 and first quarter of 2015. Enbridge will construct two new 450,000 barrel blend tanks and convert an existing tank from blend to diluent service, install receipt and distribution manifolds to facilitate transfers to Enbridge's Waupisoo Pipeline and upgrade associated measurement equipment. Enbridge brought a full expansion of the Waupisoo Pipeline into service in 2012 to, in part, serve the requirements of the growing production from the Surmont oil sands project.

Enbridge Inc.'s Board of Directors has declared a quarterly dividend of $0.315 per common share, payable on June 1, 2013 to shareholders of record on May 15, 2013. The Board also declared dividends of $0.34375 per share on Preferred Shares, Series A; $0.25 per share on Preferred Shares, Series B; $0.25 per share on Preferred Shares, Series D; $0.25 per share on Preferred Shares, Series F; $0.25 per share on Preferred Shares, Series H; $0.25 per share on Preferred Shares, Series J; $0.25 per share on Preferred Shares, Series L; $0.25 per share on Preferred Shares, Series N; $0.25 per share on Preferred Shares, Series P; $0.25 per share on Preferred Shares, Series R; and $0.1808 per share on Preferred Shares, Series 1(1). All dividends are payable on June 1, 2013 to shareholders of record on May 15, 2013.