10-KPeriod: FY2007

ENBRIDGE INC Annual Report, Year Ended Dec 31, 2007

Filed February 22, 2008For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

Enbridge Inc. (ENB) filed its annual report on Form 40-F for the fiscal year ended December 31, 2007. The filing confirms that Enbridge has effective disclosure controls and procedures in place, ensuring timely and accurate reporting to the SEC. Management has also reported positively on the effectiveness of internal control over financial reporting, with no material changes identified during the period. The company has two designated audit committee financial experts who meet NYSE independence standards for foreign private issuers. Enbridge has adopted a code of ethics, the "Statement on Business Conduct," applicable to all employees and officers, which is available on their website. PricewaterhouseCoopers LLP has been the company's auditor since 1992. The filing explicitly states that Enbridge has no off-balance sheet arrangements as defined by the SEC. Further details regarding contractual obligations are incorporated by reference from the Management's Discussion and Analysis. The company has 368,512,396 common shares outstanding as of December 31, 2007, with its common shares registered on the New York Stock Exchange.

Key Highlights

  • 1Effective disclosure controls and procedures in place as of December 31, 2007.
  • 2No material changes in internal control over financial reporting during the fiscal year.
  • 3Two audit committee financial experts identified, meeting NYSE independence standards for foreign private issuers.
  • 4Adoption of a "Statement on Business Conduct" (Code of Ethics) applicable to all employees and officers.
  • 5PricewaterhouseCoopers LLP has served as the company's auditor since 1992.
  • 6No off-balance sheet arrangements as defined by SEC regulations.
  • 7368,512,396 common shares outstanding as of December 31, 2007.

Frequently Asked Questions

This Form 40-F is an annual report filed by Enbridge Inc., a Canadian company, to fulfill its reporting obligations with the U.S. Securities and Exchange Commission (SEC). It includes audited annual financial statements and an Annual Information Form, providing key information about the company's operations, financial controls, and governance for the fiscal year ended December 31, 2007.

This specific excerpt of the Form 40-F does not detail specific financial or operational risks. However, it does confirm that Enbridge has effective disclosure controls and procedures, and no material changes to its internal controls over financial reporting. Information on risks and detailed financial performance would typically be found within the incorporated Management's Discussion and Analysis (MD&A) and the audited financial statements themselves.

Enbridge's auditor is PricewaterhouseCoopers LLP (PwC). They have been the company's auditors since 1992, indicating a long-standing relationship.

According to the filing, Enbridge Inc. has no off-balance sheet arrangements as defined by the SEC regulations referenced in the Form 40-F.