8-K

ENBRIDGE INC 8-K Report (Jan 4, 2016)

Filed January 4, 2016For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

Enbridge Inc. (ENB), through its subsidiary Enbridge Gas Distribution, announced on December 22, 2015, that it received interim approval from the Ontario Energy Board (OEB) for new natural gas rates, effective January 1, 2016. This rate adjustment is expected to result in a decrease of approximately 5%, or $43 annually, for typical residential customers purchasing their gas supply from Enbridge, bringing their total annual bill to around $838. The company highlighted that natural gas remains the most economical heating option in Ontario, being significantly cheaper than electricity and oil over the past five years. This filing also serves as a Form 6-K, reporting a press release related to these rate adjustments. Enbridge continues to offer customers resources for managing energy bills, including energy efficiency tips, personalized consumption data through myEnbridge, and financial assistance programs like LEAP and the Home Winterproofing Program for qualifying customers. The company also encourages customers facing payment difficulties to contact them to arrange payment plans.

Key Highlights

  • 1Enbridge Gas Distribution received interim OEB approval for new natural gas rates effective January 1, 2016.
  • 2Typical residential customer bills are expected to decrease by approximately 5% ($43 annually).
  • 3The total annual bill for a typical residential customer is projected to be around $838.
  • 4Natural gas is presented as the most economical heating choice in Ontario, with significant cost advantages over electricity and oil.
  • 5Enbridge continues to provide resources for energy bill management and financial assistance programs.
  • 6The company filed a Form 6-K, indicating it is reporting foreign issuer information.
  • 7The rate adjustments are submitted quarterly to reflect market changes and are reviewed by the OEB.

Frequently Asked Questions

This 8-K filing, in the form of a 6-K, primarily serves to report a press release from Enbridge Gas Distribution announcing interim approval from the Ontario Energy Board for new natural gas rates, effective January 1, 2016. These rate adjustments are a routine part of the company's operations.

Typical residential customers who purchase their gas supply from Enbridge Gas Distribution are expected to see their annual bills decrease by approximately 5%, or about $43. This would bring the total annual bill to approximately $838. The company emphasizes that natural gas remains a cost-effective heating solution.

The rates approved by the Ontario Energy Board are on an interim basis. Enbridge Gas Distribution submits rate adjustment applications every three months to reflect changes in market prices for natural gas and transportation services, which are then reviewed and approved by the OEB.

Enbridge offers several programs to help customers manage their energy bills. These include energy efficiency tips, personalized consumption analysis through myEnbridge, the Low-Income Energy Assistance Program (LEAP) for financial assistance, and the Home Winterproofing Program for qualifying customers needing free energy efficiency improvements. Customers facing difficulties are encouraged to contact Enbridge to discuss payment arrangements.