Summary
This 8-K filing by Enbridge Inc. (ENB) serves as an update to its 2018 Annual Report, specifically regarding its consolidated financial statements. The primary purpose is to incorporate condensed consolidating financial information for its wholly-owned subsidiaries, Enbridge Energy Partners, L.P. (EEP) and Spectra Energy Partners, LP (SEP). This inclusion is in accordance with Rule 3-10 of Regulation S-X, which allows parent companies to provide this information instead of separate full financial statements for these guaranteeing subsidiaries. Investors should note that this filing does not represent a comprehensive update of Enbridge's financial performance or events occurring after December 31, 2018. Instead, it provides supplemental detail on the financial position and activities of EEP and SEP as they relate to their guarantees of certain outstanding notes for both the parent company and the subsidiaries. The independent registered public accounting firm's revised report is also included, reflecting these adjustments.
Key Highlights
- 1Filing updates the 2018 Annual Report's consolidated financial statements.
- 2Includes condensed consolidating financial information for subsidiaries EEP and SEP.
- 3This is done in reliance on Rule 3-10 of Regulation S-X.
- 4EEP and SEP are wholly-owned subsidiaries of Enbridge Inc.
- 5The subsidiaries guarantee certain outstanding notes of Enbridge and vice-versa.
- 6A revised report from the independent registered public accounting firm is included.
- 7The financial statements do not reflect events occurring after December 31, 2018, except as noted.