8-K

ENBRIDGE INC 8-K Report (Oct 1, 2013)

Filed October 1, 2013For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

This Form 6-K filing by Enbridge Inc. provides an update on several key operational developments and strategic initiatives. A significant highlight is the completion and dedication of the Lac-Alfred Wind Project in Quebec, a 300 MW facility co-owned with EDF EN Canada, which now represents over a third of Enbridge's total wind power capacity. Additionally, Enbridge is an equity partner in the Neal Hot Springs Geothermal Plant in Oregon, the state's first commercial geothermal power plant, underscoring the company's expanding investments in diverse renewable energy sources. Furthermore, Enbridge Gas Distribution has received approval for new rates effective October 1, 2013, which will result in a decrease for typical residential customers primarily due to lower commodity and transportation costs. The company also announced its 15th annual Enbridge Day Investment Community Conference, scheduled for early October, which aims to provide investors with insights into business fundamentals, priorities, and outlook. These updates collectively demonstrate Enbridge's commitment to growing its renewable energy portfolio and managing its regulated utility business effectively.

Key Highlights

  • 1Dedication of the 300 MW Lac-Alfred Wind Project in Quebec, a joint venture with EDF EN Canada, increasing Enbridge's wind capacity significantly.
  • 2Enbridge holds an equity stake in the Neal Hot Springs Geothermal Plant in Oregon, marking the state's first commercial geothermal power plant and showcasing diversification into geothermal energy.
  • 3Enbridge Gas Distribution received approval for new, lower rates effective October 1, 2013, for residential customers in Ontario, driven by decreased commodity and transportation costs.
  • 4The company highlighted its growing renewable energy portfolio, with interests in wind, solar, and geothermal, aiming for a 'Neutral Footprint' by generating renewable energy equivalent to its conventional power consumption.
  • 5Enbridge announced its 15th annual Enbridge Day Investment Community Conference in Toronto and New York to discuss business fundamentals, priorities, and outlook with investors.
  • 6The filing includes press releases detailing these achievements, emphasizing Enbridge's position as a North American energy leader with a strong focus on sustainability and renewable energy development.

Frequently Asked Questions

The report highlights the dedication of the 300 MW Lac-Alfred Wind Project in Quebec, a joint venture with EDF EN Canada, and Enbridge's equity partnership in the Neal Hot Springs Geothermal Plant in Oregon, which is the first commercial geothermal plant in the state.

Yes, Enbridge Gas Distribution received approval for new rates effective October 1, 2013. These rates will result in an overall decrease for typical residential customers in Ontario, primarily due to lower commodity and transportation costs.

Enbridge's equity partnership in the Neal Hot Springs Geothermal Plant is significant because it represents Oregon's first commercial geothermal power plant and demonstrates Enbridge's expanding investment strategy into diverse renewable energy sources beyond wind and solar.

The 15th annual Enbridge Day Investment Community Conference is designed to provide investors with insights into the company's business fundamentals, key priorities, and its business outlook. The conference will include a webcast of the Toronto session.