10-KPeriod: FY2010

ENBRIDGE INC Annual Report, Year Ended Dec 31, 2010

Filed February 23, 2011For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

This Form 40-F filing for Enbridge Inc. (ENB) for the fiscal year ended December 31, 2010, serves as an annual report for U.S. investors, incorporating Canadian regulatory filings. The report emphasizes the company's commitment to robust disclosure controls and procedures, with management, including the CEO and CFO, affirming their effectiveness in ensuring timely and accurate SEC reporting. There were no material changes to internal control over financial reporting during the period. The filing also highlights the composition and financial expertise of the Audit Committee, confirming the presence of audit committee financial experts and their independence. Investors can be assured that Enbridge Inc. has no off-balance sheet arrangements as defined by SEC regulations, and key information regarding contractual obligations and principal accounting fees is incorporated by reference from other exhibits, such as the Management's Discussion and Analysis and the Annual Information Form. The company has maintained a long-standing relationship with its auditor, PricewaterhouseCoopers LLP, since 1992, with pre-approval policies for audit and non-audit services clearly defined. This filing underscores Enbridge's adherence to financial reporting standards and corporate governance practices.

Key Highlights

  • 1Enbridge Inc. filed a Form 40-F as its annual report for U.S. investors, incorporating Canadian regulatory filings.
  • 2Management, including CEO and CFO, certified the effectiveness of disclosure controls and procedures for timely SEC reporting.
  • 3No material changes to internal control over financial reporting were identified for the fiscal year 2010.
  • 4The Audit Committee includes members designated as 'audit committee financial experts' who meet NYSE independence standards for foreign private issuers.
  • 5The company confirmed it has no off-balance sheet arrangements as defined by SEC regulations.
  • 6Key financial information, including contractual obligations and auditor fees, is incorporated by reference from other exhibits.
  • 7PricewaterhouseCoopers LLP has served as Enbridge's auditor since 1992, with established pre-approval policies for services.

Frequently Asked Questions

This Form 40-F filing serves as Enbridge Inc.'s annual report for U.S. investors. It incorporates Canadian regulatory filings and information, making it accessible and compliant with U.S. Securities and Exchange Commission (SEC) requirements for foreign private issuers.

Yes, according to the filing, management, including the Chief Executive Officer and Chief Financial Officer, evaluated the company's disclosure controls and procedures as of the end of the fiscal year 2010 and concluded they were effective. They also stated that there were no changes in internal control over financial reporting that materially affected or are likely to materially affect the company's internal control over financial reporting during the period.

No, the filing explicitly states that Enbridge Inc. has no off-balance sheet arrangements as defined by SEC regulations. This indicates transparency regarding its financial commitments and liabilities.

PricewaterhouseCoopers LLP (PwC) has been Enbridge's auditor since 1992. The filing confirms this long-standing relationship and refers to incorporated information regarding auditor fees and pre-approval policies for their services.