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Friday, July 23, 2010

Enbridge: Putting the Pieces Together

Locator: 10010ENB.

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March 1, 2023: update, Enbridge's EHOT, Flanagan South crude oil pipeline expansion.

September 18, 2019: Minnesota Supreme Court won't take case regarding Enbridge Line 3. The company and the state will be allowed to move forward.

June 3, 2019: well, that last win didn't last. The Minnesota State Court of Appeals ruled that the environmental impact statement for Enbridge Line 3 was inadequate.

March 28, 2019: Enbridge Line 3 wins (again) in Minnesota. 

February 5, 2019: Line 4 temporarily shut down in anticipation of protestors who planned to sabotage equipment/damage property. Line 4 segment relocation project: 3/4 of one mile.  

August 24, 2018: Enbridge to buy Spectra Energy Partners

March 30, 2017: Zacks update on Enbridge/Spectra Energy merger.

September 6, 2016: Enbridge to buy Spectra Energy

December 8 2015: The Dickinson Press is reporting that two Enbridge pipeline projects are stuck in Minnesota regulatory quagmire: the Sandpiper (new) and Line 3 replacement (it is deteriorating in Wisconsin).

November 30, 2015: Enbridge acquired a 100% interest in the 103-megawatt (MW) New Creek Wind Project for a total value of about $0.2 billion from independent U.S. renewable energy developer, EverPower Wind Holdings, LLC. However, the company’s shares fell 2.3% following this announcement. [$2 million / MW wind.]

November 6, 2015: Enbridge buys into UK off-shore wind for almost $6 million / MW.

July 7, 2015: for the archives -- Enbridge (EEP) assets

November 28, 2014: Line 3 update.

October 25, 2014: Line 9 update.

September 30, 2014: Enbridge eyes Mainline expansion

September 8, 2014: update on Clipper - Line 3 cross US/Canadian border

July 18, 2014: Enbridge dedicates a 300 MW-wind farm in Alberta, the largest wind farm in western Canada.  

June 7, 2014: Canadian government approves Enbridge's Northern Gateway pipeline, from Alberta, to the western British Canadian coast. It will be many years before this pipeline is completed (if ever).

March 18, 2014: update on the four Enbridge projects in northern Minnesota.

March 6, 2014: Enbridge to replace Line No. 3; Enbridge to reverse Line No. 9

September 30, 2013: Enbridge to build 50-km pipeline in Canadian oil sands to support Japanese/Chinese oil field. 

May 29, 2013: Platt's update on status of reversal of line 9A. Nothing new, but another look at the Enbridge status. 

March 10, 2013: under the radar. With the reversal of Enbridge's Line 9 (Detroit, MI/Sarnia, Ontario, to Montreal, Ontaria), Enbridge has options to move Canadian oil to east coast for export to Europe, and Bakken oil to east coast refineries in the US.  [The link may be "broken" temporarily; after posting, I put it into draft status to be posted at a later date when it might have more relevance.]

March 10, 2013: short summary on Enbridge projects

March 3, 2013: Enbridge reiterates it will not mix Bakken oil with Canadian sands heavy oil; the Sandpiper will be a twin pipeline.

February 15, 2013: Enbridge completing the America segment of the massive MATL wind energy transmission line from Canada and through Montana.

January 13, 2012: Enbridge announces another $600 million to be added to the "massive" $6.2 billion project announced in December.

December 7, 2012: $14.5 billion in new expansion.

December 6, 2012: Enbridge increases dividend.

November 25, 2012: so, now, Enbridge Rail to transport Bakken oil to Philadelphia-area refineries.

November 23, 2012: ENB announces it will add a 36-inch pipeline to its mainline system between Edmonton, Alberta, Canada, and Hardisty, Alberta, Canada. The segment will be just slightly more than 100 miles long. Cost: $1.8 billion; capacity eventually to 800,000 bopd. Does Hardisty ring a bell? TransCanada Corp. said Wednesday (May 9, 2012) it will proceed with the construction of an oil terminal in Hardisty, Alberta, which will serve as the starting point of the proposed Keystone XL pipeline. More evidence that Enbridge continues to take advantage of President Obama's decision to kill Keystone XL 1.0.

November 1, 2012: superficial overview of ENB -- Motley Fool

October 22, 2012: Enbridge to buy some midstream assets from Encana, Peace River Arch region in northwest Alberta; $265 million (Canadian);
 

October 4, 2012: Enbridge says high capacity pipeline needed from the Bakken to Superior, Wisconsin
Enbridge talking about a new pipeline from the Bakken to Superior, Wisconsin.

"Fair to say it would be quite high capacity," he said. "If you look at the growth curve of the Bakken, there's no question that a conduit more 100,000 bbls a day, or 150,000 bbls a day, or 200,000 is probably needed."
August 18, 2012: front page story in the LA Times regarding Enbridge

August 8, 2012: EEP -- growth and dividends, at SeekingAlpha.com.
July 23, 2012: NTSB rules on Michigan 2010 Enbridge spill.

May 18, 2012: Enbridge announces expansion of capacity going east from the Bakken and Alberta.

April 27, 2012: Enbridge must be hitting on all cylinders; new 52-week high.

April 21, 2012: race between Enbridge and TransCanada to relieve congestion at Cushing.

April 13, 2012: ENB's Northern Gateway ($5.5 billion; to be completed in 2017) faces competition from Kinder Morgan's recently announced $5.0 billion TransMountain pipeline from Alberta to Vancouver. 

January 7, 2012:  EPP to build a $2 billion, 1,230-mile long ethane pipeline from Texas to Ohio, Pennsylvania, or West Virginia, the ATEX Express pipeline.

January 6, 2012: EPP and ENB to expand Seaway pipeline and build a new pipeline from Houston to Port Arthur giving shippers access to heavy refining.

January 6, 2012: Canadian government approves Enbridge application to build a Canadian pipeline just north of North Dakota to carry Bakken oil.

January 5, 2012: Why Enbridge entered the crude-by-rail industry.

January 3, 2011: Update on Enbridge and unit-trains.

December 28, 2011: Seaway reversal on track, but an even bigger story -- Enbridge to lay a new pipeline from Cushing to the Gulf. 

November 12, 2011: Focus on the east-west Enbridge pipeline now that the Keystone XL is dead.

November 12, 2011: Acquires 50% ownership in the Lac Alfred Wind Farm Project from EDF Canada

August 25, 2011: Enbridge pipeline gains traction.

July 26, 2011: archived investing stories on the family of Enbridge companies up to this date.

July 23, 2011: Enbridge's Beaver Lodge Loop pipeline project on track despite recent flooding.
The Beaver Lodge Loop Project is designed to add up to 145,000 barrels per day into the company's North Dakota System Berthold station.
July 7, 2011: Update of pipeline activity and projects it the Williston Basin

July 22, 2011: National Geographic and Enbridge.

July 7, 2011: Enbridge thinks about shipping oil to eastern Canada -- again.

Enbridge Inc is in talks with refiners and Western Canadian oil producers about establishing new pipeline access to Eastern refineries in a revamp of a concept it floated three years ago, an executive said on Wednesday.

The idea is to ship light crude oil to refineries in Quebec and beyond, which pay higher crude costs due to the wide pricing spread between oil on the Atlantic Coast compared with Western Canadian supply, said Richard Bird, Enbridge's chief financial officer.

Comment:  this story plus the IEA's recent panic-release of the SPR suggests refiners are having more and more difficulty getting enough of the "right kind" of oil to their sites.
June 22, 2011: ENB looks to increase capacity by building a railroad oil loading facility west of Minot, near Berthold.

April 2, 2011: reminder -- ENB recomends a 2:1 stock split, effective May 25, 2011.

February 21, 2011: Enbridge is a "rock." SeekingAlpha.

February 14, 2011: Enbridge Energy pipeline expansion secures 100,000 bpd capacity commitments Co and Enbridge Income Fund Holdings announced that additional shippers have finalized capacity commitments to the Bakken Expansion Program. The expansion program is being undertaken on the Enbridge North Dakota System owned by EEP, and the Enbridge Saskatchewan System, owned by the Enbridge Income Fund. The total cost of the program is expected to be $560 million. The added capacity from this expansion will be 145,000 bpd, of which 25,000 bpd will be available by early 2011 following completion of the Portal Reversal Expansion Project, and the remaining 120,000 bpd by late 2012. Under the applicable regulatory arrangements a maximum of 115,000 bpd can be held by committed shippers and at least 30,000 bpd must be reserved for uncommitted volumes.

February 14, 2011: News article updating Enbridge's plans in North Dakota and Saskatchewan. This is a $560 million expansion program; I think it's all been discussed before. New information:
Enbridge pipelines ship the bulk of Canada’s oil exports to the United States. The expansion program will be handled through two affiliated companies: Enbridge Energy Partners LP and Enbridge Income Fund Holdings Inc.

The expansion will take the oil to a connection with Enbridge’s main line systems at Cromer, Manitoba, where it can be shipped to refineries in the U.S. Midcontinent and Central Canada.

The company said 25,000 bpd of the new capacity will be available early this year with the remaining 120,000 bpd in place by late 2012.
February 2, 2011: buys 15 MW-Amherstburg II (Ontario) and 5 MW-Tibury (Calgary).

December 1, 2010: ENB increases dividend by 15%, from 42.5 cents to 49 cents/share.

November 24, 2010: Retirement portfolio includes ENB.

October 18, 2010: MLPs rise to new record highs.

October 5, 2010: ENB considering Monarch Pipeline from Cushing, Oklahoma, to Houston. ENB also stated that earnings and payouts would not be affected by recent spills.

July 30, 2010: EEP will buy Elk City natural gas gathering and processing system from Atlas Pipeline Partners LP; 800 miles of pipeline in Texas panhandle and southwestern Oklahoma; $682 million in cash.

July 27, 2010: oil spill in Midwest.

July 22, 2010: Enbridge to double pipeline capacity in the Bakken? 

July 13, 2010: Enbridge affiliate (EEP?) to buy 250 MW wind farm east of Denver, CO

February 16, 2010: Seeking Alpha -- Enbridge's Vast Potential 

December 8, 2010:  Enbridge expanding Sarnia Solar Project to 80 MW

October 3, 2009: Enbridge buys 2nd largest solar farm in Canada from First Solar

Pipeline, Stevie Ray Vaughan and Dick Dale

This is how this page began: With the recent "hint" that Enbridge might double its pipeline capacity in the Bakken, I thought this was a good time to sort out Enbridge.

OVERVIEW AND LINKS

Enbridge: ENB.

Enbridge US Operations.
Enbridge Income Fund: ENF.UN
Pipeline Projects
Unit Trains
Wind Farms
Solar Farms

Hybrid Fuel Cell

Waste Heat Recovery Facilities:

Enbridge Income Fund and NRGreen Power partnership along the Alliance Pipeline

Alliance Pipeline: 50% owned by Enbridge; other 50% owned by Veresen.

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ENB Corporate website: renewable energy portfolio.

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