Wednesday, May 5, 2010

Enbridge: Strong 1Q 2010

Earnings Call Transcript

Financials
  • Adjusted earnings increased 19% to $318 million
  • Beats by 7 cents; confirms guidance
Operations
  • Alberta Clipper brought into service April 1, 2010, on-time/on-budget
  • To develop a 99-MW wind energy project
Four areas of operations
  • Alberta regional oil sands
  • Ultra deep offshore oil and gas
  • North American oil and gas shale
  • Renewable and green energy
Conference call references the expansion in North Dakota; went on-line on January 1, 2010, and already maxing out at 51,000 barrel daily capacity

Unless I missed it, not one question about wind or green energy. I think everyone understands why ENB is getting into wind energy
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