What is the primary purpose of this Form 40-F filing for Enbridge Inc.?

This Form 40-F filing serves as an annual report for Enbridge Inc., a Canadian company, to comply with U.S. Securities and Exchange Commission (SEC) reporting requirements. It includes information typically found in a Canadian Annual Information Form and audited annual financial statements, confirming the effectiveness of disclosure controls and other governance-related matters.

What are Enbridge's significant contractual obligations disclosed in this filing?

Enbridge disclosed substantial contractual obligations, primarily related to long-term debt amounting to CAD 4,693.1 million. A significant portion of this debt, CAD 2,685.2 million, is due more than five years from the reporting date, indicating a long-term financing strategy and potential future cash flow requirements.

Has Enbridge engaged in any off-balance sheet arrangements?

No, the filing explicitly states that Enbridge Inc. has no off-balance sheet arrangements as defined by the SEC's Regulation S-K.

Who is Enbridge's auditor, and what is the policy regarding auditor services?

PricewaterhouseCoopers LLP has been Enbridge's auditor since 1992. The company's Audit, Finance & Risk Committee adopted a policy requiring pre-approval of all services, whether audit or non-audit, provided by the auditors.

ENBRIDGE INC 10-K FY2003 Annual Report — Revenue, Net Income, EPS

Summary

This Form 40-F filing for Enbridge Inc. (ENB) as of December 31, 2003, provides an overview of the company's regulatory compliance and financial reporting as a foreign private issuer. The report confirms the effectiveness of Enbridge's disclosure controls and procedures, ensuring timely and accurate reporting to the SEC. It highlights the presence of an audit committee financial expert and a comprehensive code of ethics for all employees and officers. The filing also details the fees paid to its auditor, PricewaterhouseCoopers LLP, and confirms the absence of off-balance sheet arrangements. Notably, the company disclosed significant contractual obligations, primarily long-term debt, with substantial amounts due beyond five years, indicating a long-term capital structure.

Key Highlights

1Enbridge Inc. (ENB) filed its Form 40-F for the fiscal year ended December 31, 2003, on April 25, 2004.
2The company's disclosure controls and procedures were evaluated and found to be effective by management, including the CEO and CFO.
3Enbridge has no off-balance sheet arrangements as defined by SEC regulations.
4The Audit Committee, which includes individuals qualified as an audit committee financial expert, oversees financial reporting and auditor relationships.
5PricewaterhouseCoopers LLP served as the auditor since 1992, with a policy requiring pre-approval of all audit and non-audit services.
6Significant contractual obligations, particularly long-term debt totaling CAD 4,693.1 million, were disclosed, with over CAD 2.6 billion due after five years.
7171,947,576 common shares were outstanding as of December 31, 2003.

ENBRIDGE INC Annual Report, Year Ended Dec 31, 2003

Summary

Key Highlights

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