y of gas on favourable terms during off-peak summer periods for subsequent use during the winter heating season. EGD’s principal storage facilities are located in southwestern Ontario, near Dawn, and have a total working capacity of approximately 112 bcf. Approximately 91 bcf of the total working capacity is available to EGD for utility operations. EGD also has storage contracts with third parties for 21 bcf of storage capacity. GAS PIPELINES, PROCESSING AND ENERGY SERVICES Gas Pipelines, Processing and Energy Services consists of investments in natural gas pipelines and processing and gathering facilities and the company’s energy services businesses, along with renewable energy projects. Investments in natural gas pipelines include the company’s interests in the United States portion of the Alliance System, the Vector Pipeline and transmission and gathering pipelines in the Gulf of Mexico. Investments in natural gas processing include the company’s interest in Aux Sable, a natural gas extraction and fractionation business located near Chicago, at the terminus of the Alliance Pipeline. The Aux Sable business includes gas gathering and processing facilities upstream of the Alliance Pipeline. The energy services businesses provide energy supply and marketing services to North American refiners, producers and other customers. The crude oil and NGL marketing business transacts at North American market hubs and provides customer services which include transportation, storage, supply management, flexible pricing, hedging programs and product exchanges. The natural gas marketing business markets natural gas to optimize the company’s commitments on the Alliance and Vector pipelines and also provides supply, transportation, balancing and storage to third parties. The renewable energy projects include interests in approximately 800 megawatts (MW) of wind, solar and geothermal generating capacity, located in Quebec, Colorado, Nevada and Oregon. Sponsored Investments Sponsored Investments includes the company’s 21.8% ownership interest in EEP, its 66.7% investment in the United States segment of the Alberta Clipper Project through EEP and Enbridge Energy, Limited Partnership and an overall 67.7% economic interest in the Enbridge Income Fund (Fund), held both directly and indirectly through Enbridge Income Fund Holdings Inc. (EIFH). The company manages the day-to-day operations of, and develops and assesses opportunities for each of these investments, including both organic growth and acquisition opportunities. EEP transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines and transports, gathers, processes and markets natural gas and Natural gas liquids (NGL). The Fund is involved in the generation, transportation and storage of energy in Canada. The Fund’s power generation business has interests in 579 MW (524 MW net) of renewable and alternative power generation capacity from a portfolio that consists of 100% interests in the 190 MW Ontario Wind Project, 99 MW Talbot Wind Project, 99 MW Greenwich Wind Project, 80 MW Sarnia Solar Project, 15 MW Amherstburg Solar Project and 5 MW Tilbury Solar Project, 50% interests in each of NRGreen (which owns waste heat generating facilities with a capacity of 20 MW) and the 11 MW SunBridge Wind Project, and 33% interests in each of the 30 MW Magrath Wind Project and 30 MW Chin Chute Wind Project. The Fund’s crude oil transportation and storage business includes pipeline systems which connect producing fields in Saskatchewan, Manitoba and North Dakota (through the Canadian portion of the Bakken Expansion) with the company’s mainline, as well as crude oil storage businesses with capacity of approximately 11 million barrels. The Fund also holds a 50% interest in the Canadian portion of the Alliance System, which transports natural gas from supply areas in Alberta and British Columbia to delivery points near Chicago, Illinois. History Enbridge Inc. was founded in 1949.
enbridge inc (ENB:Toronto)
3000 Fifth Avenue Place
425 - 1st Street S.W.
Calgary, AB T2P 3L8
|Dominion Resources Inc/VA||$59.48 USD||-1.21|
|EOG Resources Inc||$130.83 USD||-3.45|
|Exelon Corp||$34.75 USD||-0.26|
|Imperial Oil Ltd||C$40.61 CAD||-0.15|
|NextEra Energy Inc||$79.37 USD||-1.12|
|View Industry Companies|
Post a JobJobs
- New York, NY |Posted: May 17
- San Francisco, CA | YelpPosted: May 02
- San Francisco, CA | YelpPosted: May 02
- Northglenn, CO | Office DepotPosted: Mar 01
Sponsored Financial Commentaries
To contact ENBRIDGE INC, please visit www.enbridge.com. Company data is provided by Capital IQ. Please use this form to report any data issues.