At top end of projection; increases dividend; increases wind energy investment
Link here.
-- Fourth quarter earnings were $335 million; earnings for the full year were $991 million
-- Fourth quarter adjusted earnings were $0.37 per common share, or $275 million -- Full year adjusted earnings were $1.48 per common share, an 11% increase -- Enbridge acquired a 50% joint venture interest in the Seaway Pipeline for a total anticipated investment of US$1.5 billion, including reversal and a new lateral extension -- Enbridge to proceed with US$1.9 billion Flanagan South Pipeline component of its Gulf Coast Access initiative -- Enbridge entered Canadian midstream natural gas sector with securement of a 71% interest in the Cabin Gas Plant development, with an expected total investment of $1.1 billion -- Enbridge secured a 50% interest in development of the 300-MW Lac Alfred Wind Project at an anticipated investment of $0.3 billion bringing renewable and alternative energy interests close to 1,000 MW -- Enbridge named one of Global 100 Most Sustainable Corporations in the World for 4th consecutive year -- Guidance for 2012 adjusted earnings of $1.58 to $1.74 per common share -- Quarterly dividend increased by 15% to $0.2825 per common share effective March 1, 2012
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