Enbridge - Where energy meets people

Why Invest

 

Enbridge’s investment strategy is to deliver sector-leading growth in earnings and dividends, while maintaining our reliable business model.

We have done the best job of delivering certainty as well as income to shareholders, measured on a one-year, 10-year or even a 55-year basis.

We are in the business of delivering value to shareholders. Three key features guide our success: Growth. Reliability. Income.  

Our company will continue to build on our strong track record of growth through the middle of this decade, with a full slate of potential investment opportunities that fit within the reliable business model our investors have come to count on. 

 

Our core business

Energy is essential. It heats and powers our homes, hospitals, businesses and industry. It moves people, goods and information and it drives our economy.

Enbridge transports and delivers this energy through our pipeline networks, connecting vital sources of supply with refiners and consumers across the continent. Our existing infrastructure extends throughout North America, which puts us in a strong position to move energy from where it is found to where it is needed - growing North American and global markets.

We operate the world's longest, most sophisticated crude oil and liquids transportation system, shipping more than 2 million barrels of crude oil and petroleum products every day. Our natural gas gathering and transmission system spans the continent, from Northern BC to the ultra-deep water of the Gulf of Mexico, moving billions of cubic feet of gas daily. In addition to moving energy to where it is needed, we also deliver energy directly to the people who use it, owning and operating Canada's largest natural gas distribution company. And our portfolio of wind, solar, fuel cell and waste heat energy generation provides a broad green energy platform from which to grow.

And Enbridge is expanding this far-reaching energy delivery network to help ensure North Americans always have access to secure and reliable sources of energy.

Our company is well positioned to continue to grow in 2010 and through the middle of the decade, with a full slate of potential investment opportunities that fit within our business model focused on growth, reliability and income.

 

 While Enbridge offers a reliable investment for our shareholders, this reliability comes with substantial growth as well:

  • Over the past decade we’ve enjoyed an average of 10% earnings per share (EPS) growth.
  • In 2009, our EPS grew by 25%, representing the highest year over year growth in the company’s history.
  • From the record growth achieved in 2009, we anticipate 10% per year average EPS growth to continue into the latter half of this decade.
  • Our EPS guidance for 2010 is $2.50 to $2.70 per share, representing 11% growth from our 2009 earnings. 


 

  • Enbridge is in the midst of its largest capital program in the company's 60 year history.
  • Between 2007 and 2011 we will have completed more than $14 billion of new growth projects.
  • Post 2011, we have already secured $6 billion in new growth projects and we are actively working to secure another $30 billion in exciting new opportunities.
  • Along with higher EPS, our healthy slate of growth projects will drive significant growth in our cash flows, which should nearly triple by 2013.
  • Our ability to generate ample free cash flow adds further value to our shareholders by allowing us to fund our growth projects internally rather than through dilutive equity issuances.

 

  


 

 

  • Our reliable business model delivers steady, visible and predictable results.
  • Our earnings and cash flow are highly certain as a result of strong regulatory agreements or long term “take or pay” contracts.
  • Less than 5% of our annual earnings are exposed to commodity price, interest rate and foreign exchange risk.
  • 90% of our revenues are generated from investment grade counterparties.

 

 

  • In 2009 Enbridge announced a 15% dividend increase for 2010 which represented our 15th consecutive annual dividend increase.

  • Given that we expect to grow Enbridge’s earnings by an average of 10% per year and that we are currently in the middle of our target payout range of 60% - 70% of adjusted earnings, we expect that we will be able to grow our divided at the same pace.
  • Enbridge has outperformed the market over the last 50-plus years. And while average investors may not be looking at an investment horizon of 50 years, we run the company as if they are, continually working to create long-term value for our shareholders.

 

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Enbridge Companies

Enbridge Gas Distribution

Canada's largest gas distribution company. Serving 1.9 million customers in Ontario, Quebec and New York State.

Enbridge U.S.

Enbridge's U.S. operations - a leader in energy transportation in the Midwest, Mid-Continent and Gulf Coast regions of the United States.

Enbridge Energy Partners

A U.S. master limited partnership with oil and gas delivery assets.

Enbridge Income Fund

A premier income fund focused on energy infrastructure assets in Canada.

Enbridge Technology

Provides pipeline and natural gas distribution consulting and training services internationally.

Enbridge Energy Services

Committed to focusing on the constantly changing needs of commercial and industrial customers located in the Midwest.

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Emergency Contacts

Natural Gas Emergencies in Ontario

Enbridge Gas Distribution Customers
1-866-763-5427
(1-866-smelgas)

Pipeline Emergencies

CANADA:

1-877-420-8800
UNITED STATES:

Upper Midwest 1-800-858-5253
Mid-Continent and Gulf Coast 1-888-650-8099