8-K

ENBRIDGE INC 8-K Report (Mar 1, 2012)

Filed March 1, 2012For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

This Form 6-K filing by Enbridge Inc. (ENB) primarily serves as a cover for several press releases and disclosure documents filed in late February 2012. The most significant news for investors revolves around Enbridge's expansion and development projects within its liquids pipeline business. Specifically, the company announced a binding open season for its proposed Sanish Pipeline and the Bakken Expansion Program, aimed at increasing capacity out of North Dakota to key refining markets. Additionally, Enbridge, in partnership with Enterprise Products Partners, is conducting a supplemental open season for incremental capacity on a new crude oil pipeline from the ECHO terminal to the Port Arthur/Beaumont refining market in Texas, supporting the Seaway reversal project. Beyond these growth initiatives, the filing also includes a press release regarding the positive TERMPOL Review Process Report from Transport Canada, which endorsed the safety of the marine plan for the proposed Northern Gateway Pipeline Project. This report is a step forward in the regulatory review of that project. The company also announced the filing of its 2011 year-end disclosure documents, including its Annual Information Form, Consolidated Financial Statements, and Form 40-F, making them available to investors.

Key Highlights

  • 1Enbridge announced a binding open season for its proposed Sanish Pipeline project, designed to transport crude oil from Johnson's Corner to Beaver Lodge, North Dakota.
  • 2A second open season was launched for Enbridge's Bakken Expansion Program, in conjunction with the Sanish Pipeline, to provide incremental pipeline capacity from Beaver Lodge to Cromer, Manitoba, connecting to Enbridge's Mainline System.
  • 3The Bakken Expansion Program, expected in Q1 2013, along with the Sanish Pipeline, aims to significantly increase export capacity out of North Dakota.
  • 4Enbridge and Enterprise Products Partners are conducting a supplemental open season for additional capacity on a new crude oil pipeline from the ECHO terminal to Port Arthur/Beaumont, Texas, supporting the Seaway reversal project.
  • 5Transport Canada's TERMPOL Review Process Report positively endorsed the safety of the marine plan for Enbridge's proposed Northern Gateway Pipeline Project, calling it a 'very positive step forward'.
  • 6The company has filed its 2011 year-end disclosure documents, including its Annual Information Form, Consolidated Financial Statements, and Form 40-F with regulatory authorities.
  • 7Enbridge will host a webcast conference call on February 17, 2012, to discuss its 2011 year-end financial results.

Frequently Asked Questions

This Form 6-K filing primarily acts as a cover for several press releases and disclosure documents issued by Enbridge Inc. in late February 2012, providing investors with updates on operational developments, regulatory milestones, and financial reporting.

The key growth initiatives highlighted are the open seasons for the Sanish Pipeline and the Bakken Expansion Program, aimed at increasing crude oil transportation capacity from North Dakota. Additionally, a supplemental open season for a new pipeline to Port Arthur, Texas, supports the Seaway reversal project, enhancing market access for crude oil.

The TERMPOL report from Transport Canada's review of the Northern Gateway Project's marine operations was positive, finding no regulatory concerns and concluding that proposed safety measures exceed existing frameworks. Enbridge views this as a significant positive step in the project's regulatory review process.

Enbridge announced it would webcast its 2011 year-end financial results on February 17, 2012. The company also filed its full 2011 year-end disclosure documents, including audited financial statements, with regulatory authorities on February 22, 2012.