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