8-K

ENBRIDGE INC 8-K Report (Jan 3, 2012)

Filed January 3, 2012For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

Enbridge Inc. filed a Form 6-K on January 3, 2012, which primarily serves to report two press releases. The first, dated December 5, 2011, announced Enbridge's intention to webcast a conference call to discuss its 2012 guidance. This indicates proactive investor communication regarding future outlook. The second press release, dated December 21, 2011, detailed adjustments to Enbridge Gas Distribution's rates in Ontario, effective January 1, 2012. While the rate adjustments are specific to the regulated utility segment and its Ontario customers, they provide insight into the company's operational environment. Notably, typical residential customers who purchase gas supply and transportation from Enbridge Gas Distribution will see a slight annual decrease due to lower commodity costs, while those purchasing supply elsewhere and using Enbridge for transportation will see an increase due to higher transportation costs. This filing doesn't contain new financial results but rather signals upcoming guidance discussions and provides regulatory updates for a key subsidiary.

Key Highlights

  • 1Enbridge Inc. filed a Form 6-K on January 3, 2012, incorporating two press releases.
  • 2A December 5, 2011 press release announced a webcast to discuss Enbridge's 2012 guidance.
  • 3A December 21, 2011 press release announced rate adjustments for Enbridge Gas Distribution in Ontario, effective January 1, 2012.
  • 4For typical Ontario residential customers buying both gas supply and transportation from Enbridge Gas Distribution, annual bills are expected to decrease by approximately $7 due to lower commodity costs.
  • 5For typical Ontario residential customers who buy gas supply from a marketer and use Enbridge Gas Distribution for transportation, annual bills are expected to increase by approximately $26 due to higher transportation costs.
  • 6Enbridge Gas Distribution does not earn a profit on the price of natural gas; these costs are passed through to customers without mark-up.
  • 7The filing indicates Enbridge Inc. is a Canadian issuer filing a Form 40-F for annual reports.

Frequently Asked Questions

This Form 6-K filing's primary purpose is to report two press releases issued by Enbridge Inc. and its subsidiary, Enbridge Gas Distribution. It informs the SEC and investors about upcoming investor communications (2012 guidance webcast) and regulatory rate adjustments in Ontario.

The rate adjustments specifically affect Enbridge Gas Distribution, a regulated utility subsidiary operating in Ontario. While the overall financial impact on Enbridge Inc. is not detailed in this filing, these adjustments are part of the company's regulated operations and could influence the performance of its distribution segment. The press release highlights that commodity costs are passed through without profit, suggesting the impact is more on volumes and infrastructure costs rather than margin.

The press release dated December 5, 2011, indicates that Enbridge Inc. hosted a conference call on December 7, 2011, to discuss its 2012 guidance. A webcast replay and transcript would have been made available shortly after the event.

According to this filing, Enbridge Inc. indicates it files Form 40-F for its annual reports, which is used by Canadian companies to file their financial statements with the SEC.