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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Dated December 1, 2005
Commission file number 0-21080
ENBRIDGE INC.
(Exact name of Registrant as specified in its charter)
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Canada
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None |
(State or other jurisdiction
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(I.R.S. Employer |
of incorporation or organization) |
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Identification No.) |
3000, 425 1st Street S.W.
Calgary, Alberta, Canada T2P 3L8
(Address of principal executive offices and postal code)
(403) 231-3900
(Registrants telephone number, including area code)
[Indicate by check mark whether the Registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.]
[Indicate by check mark whether the Registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934].
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION
STATEMENTS ON FORM S-8 (FILE NO. 333-13456, 333-97305, 333-6436 AND 333-127265), FORM F-3 (FILE NO.
33-77022) AND FORM F-10 (FILE NO. 333-122526) OF ENBRIDGE INC. AND TO BE PART THEREOF FROM THE DATE
ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS
SUBSEQUENTLY FILED OR FURNISHED.
The following documents are being submitted herewith:
Press Release dated November 2, 2005.
Press Release dated November 2, 2005.
Press Release dated November 16, 2005.
Press Release dated November 21, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ENBRIDGE INC.
(Registrant)
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Date: December 1, 2005 |
By: |
/s/
Alison
T. Love
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Alison T. Love |
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Vice President & Corporate Secretary |
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NEWS RELEASE
Enbridge announces signing of definitive agreements to provide
pipeline transportation services for the Surmont oil sands project
CALGARY, Alberta, November 2, 2005 Enbridge Inc. (TSX/NYSE: ENB) today announced that it
has entered into definitive agreements with ConocoPhillips Surmont Partnership and Total E&P Canada
Ltd. (the Surmont Shippers) to provide lateral facilities and pipeline transportation services on
its Athabasca Pipeline for the Surmont oil sands project.
Under the terms of the agreements, Enbridge will construct pipeline and tank facilities required by
the Surmont Project, including a diluent lateral, a crude lateral, and tank facilities at the
Cheecham terminal on the Athabasca Pipeline. The estimated cost of these facilities is $42 million
with a planned availability for service date in mid-2006. Enbridges 540-km Athabasca Pipeline will
also require capacity expansion from the Cheecham-area terminal to its mainline terminal at
Hardisty, Alberta.
The agreements provide for an initial contract volume of up to 50,000 barrels per day of crude
oil. The agreement covering the dedicated Surmont lateral facilities and the agreement for
transportation service on the Athabasca Pipeline are both for an initial term of 25 years, with
extension provisions. The Athabasca Pipeline agreement also provides flexibility for the Surmont
Shippers to transfer their production to the proposed Waupisoo Pipeline following its planned
start-up in mid 2008.
Enbridges Athabasca Pipeline, with ultimate capacity of 570,000 barrels per day, links its
Athabasca Terminal, just south of the Suncor plant near Fort McMurray, to the companys Hardisty
Terminal in Central Alberta. The pipeline serves Suncor and, via lateral pipelines, Petro-Canada,
EnCana, and the Long Lake project operated by Nexen and OPTI Canada. The Athabasca Terminal has 1.5
million barrels of crude oil storage capacity. The Hardisty Terminal has storage capacity of 1.6
million barrels, with an additional 4 million barrels of storage capacity at the adjacent Hardisty
Cavern storage facility, jointly owned by Enbridge and CCS Inc.
The Surmont Oil Sands Project is equally owned by ConocoPhillips, the operator, and Total. The
project is located in the Athabasca oil sands area, approximately 60 kilometres southeast of Fort
McMurray, Alberta.
Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North
America and internationally. As a transporter of energy, Enbridge operates, in Canada and the
U.S., the worlds longest crude oil and liquids transportation system. The Company also has
international operations and a growing involvement in the natural gas transmission and midstream
businesses. As a distributor of energy, Enbridge owns and operates Canadas largest natural gas
distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New
York State. Enbridge employs approximately 4,400 people, primarily
in Canada, the U.S. and South
America. Enbridges common shares trade on the Toronto Stock Exchange in Canada and on the New
York Stock Exchange in the U.S. under the symbol
ENB. Information about Enbridge is available on the Companys web site at www.enbridge.com.
Certain information provided in this news release constitutes forward-looking statements. The
words anticipate, expect, project, estimate, forecast and similar expressions are
intended to identify such forward-looking statements. Although Enbridge believes that these
statements are based on information and assumptions which are current, reasonable and complete,
these statements are necessarily subject to a variety of risks and uncertainties pertaining to
operating performance, regulatory parameters, weather, economic conditions and commodity prices.
You can find a discussion of those risks and uncertainties in our Canadian securities filings and
American SEC filings. While Enbridge makes these forward-looking statements in good faith, should
one or more of these risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those expected. Enbridge assumes no
obligation to publicly update or revise any forward-looking statements made herein or otherwise,
whether as a result of new information, future events or otherwise.
Enbridge Contacts:
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Media
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Investment Community |
Bruce DeBaie
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Bob Rahn |
(403) 231-5768
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(403) 231-7398 |
E-mail: bruce.debaie@enbridge.com
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E-mail: bob.rahn@enbridge.com |
NEWS RELEASE
Enbridge files Preliminary Information Package for Gateway Project
CALGARY, Alberta, November 2, 2005 Gateway Pipeline Inc., a wholly owned subsidiary of
Enbridge Inc., has filed a Preliminary Information Package (PIP) with the National Energy Board,
the Canadian Environmental Assessment Agency and other federal departments.
The PIP provides detailed information on the major elements of the Gateway Project as of October
2005. It is intended to inform potentially interested parties, and to permit federal regulators to
define the regulatory review process to satisfy the requirements of the National Energy Board and
the Canadian Environmental Assessment Agency.
A PIP filing does not constitute an application for regulatory approval. Such an application is
planned for 2006, subject to the achievement of commercial feasibility, including satisfactory
shipper commitments, as well as successful completion of engineering, environmental planning, and
public and Aboriginal consultation. This timing would permit construction to commence in 2008 and
the pipelines to begin service in 2010.
The Gateway Project is estimated to cost approximately $4 billion and will consist of a petroleum
export pipeline and a condensate import pipeline along the same right-of-way, and a marine
terminal.
The Gateway Petroleum Export Pipeline project will involve a new 1150-km (715-mile) 30-inch
diameter pipeline with an initial capacity of approximately 400,000 barrels per day to transport
petroleum from Edmonton to Kitimat. The Gateway Condensate Import Pipeline will be a 20-inch
diameter pipeline capable of initially transporting approximately 150,000 barrels per day from
Kitimat to Edmonton.
Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North
America and internationally. As a transporter of energy, Enbridge operates, in Canada and the
U.S., the worlds longest crude oil and liquids transportation system. The Company also has
international operations and a growing involvement in the natural gas transmission and midstream
businesses. As a distributor of energy, Enbridge owns and operates Canadas largest natural gas
distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New
York State. Enbridge employs approximately 4,400 people, primarily in Canada, the U.S. and South
America. Enbridges common shares trade on the Toronto Stock Exchange in Canada and on the New York
Stock Exchange in the U.S. under the symbol ENB. Information about Enbridge is available on the
Companys web site at www.enbridge.com.
Certain information provided in this news release constitutes forward-looking statements. The
words anticipate, expect, project, estimate, forecast and similar expressions are
intended to identify such forward-looking statements. Although Enbridge believes that these
statements are based on information and assumptions that are current, reasonable and complete,
these statements are necessarily subject to a variety of risks and uncertainties pertaining to
operating performance, regulatory parameters, weather, economic conditions and commodity prices.
You can find a discussion of those risks and uncertainties in our Canadian securities filings and
American SEC filings. While Enbridge makes these forward-looking statements in good faith, should
one or more of these risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those expected. Enbridge assumes no
obligation to publicly update or revise any forward-looking statements made herein or otherwise,
whether as a result of new information, future events or otherwise.
For further information:
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News media:
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Investment community: |
Jim Rennie
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Bob Rahn |
Enbridge Inc.
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Enbridge Inc. |
(403) 231-3931
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(403) 231-7389 |
jim.rennie@enbridge.com
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bob.rahn@enbridge.com |
BACKGROUND INFORMATION ON THE ENBRIDGE GATEWAY PROJECT
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The Gateway Project, estimated to cost approximately $4 billion, involves the proposed
development of two new pipelines, a new marine terminal, tankage, pumping stations and
related facilities. |
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The Gateway Project will run from Strathcona County near Edmonton to Kitimat, British
Columbia. |
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Key factors in the decision to select Kitimat as the end-site location for the pipeline
were the deep-water port and abundant industrial land. |
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The pipeline will be 1150 kilometres in length. |
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The petroleum export pipeline will be 30-inches in diameter and designed to move an
average of 400,000 barrels per day. |
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The condensate import pipeline will be 20-inches in diameter and designed to move an
average of 150,000 barrels per day. |
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Condensate is a by-product of natural gas production and is used as feedstock to oil
refineries but its primary use in Western Canada is to dilute heavy oil for easier
transport by pipeline. |
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Certified marine tankers will be used to either import condensate or export petroleum.
The marine terminal will include tankage, emergency response equipment, tanker births and
other related facilities. |
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Enbridge anticipates filing the National Energy Board application for the Gateway
Project in the second quarter of 2006, beginning construction in 2008 and having the
pipeline operational in 2010. |
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The socio-economic benefits during construction of the project are estimated at $1.52
billion in BC and $1.26 billion in Alberta. |
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During the operation of the Gateway Project, the socio-economic benefits are estimated
at $107 million per year in BC and $60 million per year in Alberta. |
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The Gateway Project is an important part of Canadas energy future and will help ensure
there is enough capacity to transport new oil expected from Canadas oil sands in the years
to come. |
NEWS RELEASE
Enbridge and Value Creation Inc. form Strategic Alliance
CALGARY, Alberta, November 16, 2005 Enbridge Inc. and Value Creation Inc. (VCI) today
announced a strategic alliance to pursue oil sands energy infrastructure development. As part of
the alliance, Enbridge will invest $25 million for a minority equity interest in the Company.
The Value Creation Group of Companies, established in 1999, has focused on creating unusual values
in the value-enhancement chain of oil sands development, leveraging on innovative technologies and
synergies. Members of the Group separately spearhead integrated resource development (by Value
Creation Inc.), crude oil upgrading (by BA Energy Inc.) and specialized refining (by
Technoeconomics Inc.). VCI, which oversees the growth strategy for the Group, owns proprietary
upgrading technologies that it believes provide significant cost advantages over alternative
upgrading technologies. VCI is the major shareholder of BA Energy, which is building a
state-of-the-art bitumen upgrader in the Industrial Heartland area near Fort Saskatchewan, Alberta.
VCI also holds oil sands leases and permits on 71,800 hectares of land with estimated resources of
25 to 30 billion barrels of bitumen-in-place.
Enbridge and VCI intend to work together to maximize the value of VCIs technology and bitumen
resource base. Enbridge will support VCI with assessment and development of downstream markets for
upgraded bitumen products as well as with the provision of cost-effective logistical solutions for
accessing such markets. In September 2005, Enbridge and BA Energy entered into a separate
agreement with respect to the provision of pipeline and terminaling facilities for the Heartland
Upgrader, scheduled to be in service in late 2007.
We are very pleased to join VCI in this strategic alliance, said Patrick D. Daniel, Enbridge
President and Chief Executive Officer. Our investment in VCI, and the creation of a strategic
relationship with them, demonstrate Enbridges commitment to developing value-added solutions for
the Alberta energy industry. We believe that the development of additional upgrading capacity in
Alberta is an important part of an overall resource and market development plan that will create
maximum value for oil sands producers and for the province. This will in turn provide the best
opportunity for us to expand our pipeline and terminaling services business both within the oil
sands region and further downstream. Our VCI investment is also right in line with our strategy to
support development of technologies that are complementary to our core businesses.
For a new player to excel among giants, we need creative strategies to leverage on our
breakthrough technologies, top calibre talents, large resource base and synergistic alliances,
said Dr. Columba Yeung, founder and Chairman of Value Creation Group. This strategic alliance
between VCI and Enbridge is pivotal to our strategy to achieve excellence in every link of the
value chain. We are honoured by Enbridges endorsement.
Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in
North America and internationally. As a transporter of energy, Enbridge operates, in Canada and
the U.S., the worlds longest crude oil and liquids transportation system. The Company also has
international operations and a growing involvement in the natural gas transmission and midstream
businesses. As a distributor of energy, Enbridge owns and operates Canadas largest natural gas
distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New
York State. Enbridge employs approximately 4,400 people, primarily in Canada, the U.S. and South
America. Enbridges common shares trade on the Toronto Stock Exchange in Canada and on the New
York Stock Exchange in the U.S. under the symbol ENB. Information about Enbridge is available on
the Companys web site at www.enbridge.com.
Value Creation Inc. is a Canadian-controlled private company, incorporated under the Alberta
Business Corporations Act, headquartered in Calgary, Alberta, Canada.
Certain information provided in this news release constitutes forward-looking statements. The
words anticipate, expect, project, estimate, forecast and similar expressions are
intended to identify such forward-looking statements. Although Enbridge believes that these
statements are based on information and assumptions, which are current, reasonable and complete,
these statements are necessarily subject to a variety of risks and uncertainties pertaining to
operating performance, regulatory parameters, weather, economic conditions and commodity prices.
You can find a discussion of those risks and uncertainties in our Canadian securities filings and
American SEC filings. While Enbridge makes these forward-looking statements in good faith, should
one or more of these risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those expected. Enbridge assumes no
obligation to publicly update or revise any forward-looking statements made herein or otherwise,
whether as a result of new information, future events or otherwise.
Contacts:
Enbridge Inc.:
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Media:
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Investment Community: |
Jim Rennie
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Bob Rahn |
(403) 231-3931
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(403) 231-7398 |
email: jim.rennie@enbridge.com
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email: bob.rahn@enbridge.com |
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VCI: |
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David Tuer
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Ray Cej |
(403) 539-4511
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(403) 539-4503 |
email: David.Tuer@vctek.com
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email: Ray.Cej@vctek.com |
NEWS RELEASE
Enbridge to develop 200 megawatts of wind power in Ontario
CALGARY, Alberta, November 21, 2005 Enbridge Inc. today announced that it will be
developing 200 megawatts of wind power on the eastern shore of Lake Huron in Bruce County, Ontario.
The Ontario Ministry of Energy awarded two projects to Enbridge and Leader Capital Corp., under its
Renewable Energy Supply Request for Proposals. Enbridge has subsequently acquired Leader Capitals
subsidiary, Leader Wind Corp., and now owns a 100% working interest in the two wind power projects.
Enbridge has executed a 20-year electricity purchase agreement with the Ontario Power Authority for
all of the power produced by the two adjacent projects.
Enbridge will assume overall responsibility for project construction, which is expected to start in
mid-2006. Enbridge has been operating the SunBridge wind power project in Saskatchewan for more
than three years and will operate the two Ontario projects when commercial operations begin in in
early 2007.
Total capital expenditures for the projects will be approximately $400 million. The projects are
expected to be accretive to earnings per share in the first year of operation.
The Ontario wind power projects reflect our ongoing commitment to sustainable development and an
emerging power generation platform, said Patrick D. Daniel, Enbridge President & Chief Executive
Officer. We have been pleased with our three existing wind power projects in Alberta and
Saskatchewan, which have a combined capacity of over 70 megawatts. The long-term offtake contract
with the Ontario Power Authority, at predetermined power prices, makes this investment consistent
with maintaining a low risk profile and stable cash flows. We are also very excited about
expanding our involvement in Ontario, where we already have major energy infrastructure
investments, and helping to address the need for new sources of power in the Province.
Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North
America and internationally. As a transporter of energy, Enbridge operates, in Canada and the
U.S., the worlds longest crude oil and liquids transportation system. The Company also has
international operations and a growing involvement in the natural gas transmission and midstream
businesses. As a distributor of energy, Enbridge owns and operates Canadas largest natural gas
distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New
York State. Enbridge employs approximately 4,400 people, primarily in Canada, the U.S. and South
America. Enbridges common shares trade on the Toronto Stock Exchange in Canada and on the New
York Stock Exchange in the U.S. under the symbol ENB. Information about Enbridge is available on
the Companys web site at www.enbridge.com.
Certain information provided in this news release constitutes forward-looking statements. The
words anticipate, expect, project, estimate, forecast and similar expressions are
intended to identify such forward-looking statements. Although Enbridge believes that these
statements are based on information and assumptions that are current, reasonable and complete,
these statements are necessarily subject to a variety of risks and uncertainties pertaining to
operating performance, regulatory parameters, weather, economic conditions and commodity prices.
You can find a discussion of those risks and uncertainties in our Canadian securities filings and
American SEC filings. While Enbridge makes these forward-looking statements in good faith, should
one or more of these risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those expected. Enbridge assumes no
obligation to publicly update or revise any forward-looking statements made herein or otherwise,
whether as a result of new information, future events or otherwise.
Contacts:
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Enbridge Inc.: |
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Media:
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Investment Community: |
Jim Rennie
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Bob Rahn |
(403) 231-3931
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(403) 231-7398 |
email: jim.rennie@enbridge.com
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email: bob.rahn@enbridge.com |