Enbridge Mainline Ijt

Enbridge, Inc. announced that the National Energy Board (NEB) has approved the 10-year Competitive Toll Settlement (CTS) agreement reached with shippers on its crude oil mainline system. Home Stock News Enbridge (ENB) Q2 2018 Results – Earnings Call Transcript Enbridge (ENB) Q2 2018 Results – Earnings Call Transcript August 3, 2018 admin Stock News. and Enbridge Energy Partners LP received shipper support for a $7 billion investment in their Canadian and U. (Enbridge or the Company) (TSX:ENB) (NYSE: ENB) today reported fourth quarter and full year 2018 financial results and provided. - President and CEO Okay, thanks Adam. The agreement between Enbridge and its mainline shippers includes an international joint tariff (IJT) surcharge to provide return on and of the capital investment. 5 Volumes are for the Athabasca mainline, Athabasca Twin, Waupisoo Pipeline and Woodland Pipeline and exclude laterals on the Regional Oil Sands System. Energy Independence Day. 6 The IJT benchmark toll and its components are set in United States dollars and the majority of the Company's foreign exchange risk on the Canadian portion of the Mainline is hedged. Enbridge Receives National Energy Board Approval for New 10-Year Toll Agreement on Crude Oil Mainline System. , a Wisconsin corporation. 's tolls related to the income tax allowance component for its FERC regulated cost-of-service based Facility Surcharge Mechanism (FSM) projects. Changes in the Canadian Mainline IJT Residual Benchmark Toll are inversely related to the Lakehead System Toll which, on average, was higher throughout 2014 due to the recovery of incremental costs associated with EEP's growth projects. (Commission File No. THIS FOURTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP, dated as of May 17, 2012, is entered into by and among Enbridge Pipelines (Lakehead) L. Enbridge President and Chief. to include milling and resurfacing along mainline lanes and drainage work adjacent to roadway. Fund Group ACFFO was $501 million for the three months ended June 30, 2017 and $923 million year-to-date. Enbridge: Market Call (BNN TV) 2019-08-21 $45. Although the fund group is not directly impacted by the FERC actions, under the IJT mechanism, reductions or increases in tariff rates on the U. Enbridge Income Fund Holdings Inc. The IJT Benchmark Toll and its components are set in United States dollars and the majority of EIPLP's foreign exchange risk on Canadian Mainline revenues is hedged. "We're very pleased to deliver another strong quarter of operating and financial results," commented Al Monaco, President and Chief Executive Officer of Enbridge. 8-MMb/d Mainline system from Alberta to the U. Line 9 — Enbridge Pipelines Inc. 21st, this is the Management Discussion and Analysis (MD&A) for Enbridge, which includes the company's outlook for the Enbridge Northern Gateway Pipeline, proposed to carry Alberta bitumen to tankers at Kitimat, B. Definitions. 04 compared with $1. of one tenth of one percent (. transported on the Canadian Mainline or under the IJT unless otherwise agreed between Enbridge and the Representative Shipper Group. 6 The IJT benchmark toll and its components are set in United States dollars and the majority of the Company's foreign exchange risk on the Canadian portion of the Mainline is hedged. Although this decision changes the timing of the open season, Enbridge has re-affirmed its plan to proceed with contracting of its Mainline system in response to its customers' needs through an expected filing of a regulatory application seeking approval of firm service, on terms and conditions approved by the CER. Please note: Enbridge Inc. Enbridge has already lowered oil-shipping requirements on the Mainline contracts by two-thirds. 15 in 2019 compared with US$4. The IJT Benchmark Toll and its components are set in United States dollars and the majority of EIPLP's foreign exchange risk on Canadian Mainline revenues is hedged. Although the fund group is not directly impacted by the FERC actions, under the IJT mechanism, reductions or increases in tariff rates on the U. 07 in 2018;     • higher Mainline System ex-Gretna throughput of 2,661 thousands of barrels per day (kbpd) in 2019 compared with 2,636 kbpd in 2018 driven by an increase in supply and continuous capacity optimization; and    . Enbridge Inc. announced an equity restructuring involving the General Partner’s incentive distributions rights within Enbridge Energy Partners, L. However, the decrease in Canadian Mainline IJT Residual Benchmark Toll and a lower rate on foreign exchange hedges of United States dollar toll revenue resulted in a decrease in Canadian Mainline. Reports Second Quarter Results. The IJT surcharge structure for the Program is designed to provide Enbridge with a solid return on its incremental investment. “Enbridge Partners” has the meaning assigned to such term in the preamble to this Agreement. As a transporter of energy, Enbridge operates, in Canada and the U. 04 compared with $1. Enbridge Income Fund Holdings Inc. Enbridge Income earns $67-million in Q1 the Canadian Mainline IJT residual benchmark toll increased by 15 U. cents per barrel and the higher toll is expected to. mainline will create an offsetting revenue. The NEB determined that the 2011 CTS is consistent with the revised guidelines for negotiated settlements. Reports Second Quarter Results CALGARY, ALBERTA--(Marketwired - Aug. Committed and uncommitted tolls to Nanticoke and West Seneca will be the same on Line 9 as those published under the CTS. XOM Exxon Mobil Corp GE General Electric Com MSFT Microsoft Corporatio C Citigroup, Inc. pdf), Text File (. The IJT surcharge will be adjusted to reflect 75 per cent of the increase in the incremental investment required. Enbridge ENB announced that it has reached an agreement with shippers for a 10-year competitive toll settlement (CTS) on its crude oil mainline system, which it expects to file with the National Energy Board in May along with a letter of support from the Canadian Association of Petroleum Producers. Adjusted EBITDA generated by the Canadian Mainline for the balance of the year will reflect the positive effect of an increase in the Canadian Mainline IJT Residual Benchmark Toll from US$1. More than 3,000 kilometres of the system is in the United States while the rest is in Canada and serves the Athabasca oil sands production facilities. 52 per common share. (1) ensuring that CTS International Joint Rate Tariff ("CTS IJT") tolls applicable to delivery points on the Enbridge Mainline will be the same, irrespective of the specific facilities or path, as per CTS Section 14. Strong Demand for Mainline Capacity IJT Benchmark Toll. Mainline IJT Residual Benchmark Toll, although this impact lessened in the second quarter of 2015 as effective April 1, 2015, this toll increased by US$0. This presentation makes reference to non-GAAP measures including adjusted earnings and ACFFO, together with respective per share amounts, and adjusted EBIT. Enbridge Income Fund Holdings Inc. Enbridge Income Fund Holdings Inc. Growth Projects. If the proposed arrangement closes, as expected, before the record date for Enbridge's fourth quarter dividend, expected to be Nov. We expect Enbridge Income Fund to be positively impacted. 15, 2019 /PRNewswire/ - Enbridge Inc. Fund Group ACFFO was $501 million for the three months ended June 30, 2017 and $923 million year-to-date. The agreement between Enbridge and its mainline shippers includes an international joint tariff (IJT) surcharge to provide return on and of the capital investment. Reports Strong First Quarter 2019 Results Canada NewsWire CALGARY, May 10, 2019 CALGARY, May 10, 2019 /CNW/ - Enbridge Inc. Southern Lights Canada — Enbridge Southern Lights GP Inc. Enbridge MDA - Free download as PDF File (. announced an equity restructuring involving the General Partner’s incentive distributions rights within Enbridge Energy Partners, L. iShares S&P SmallCap 600 Growth Index Fund ETF (ETF: IJT) stock research, profile, news, analyst ratings, key statistics, fundamentals, stock price, charts, earnings, guidance and peers on Benzinga. Enbridge Income Fund Holdings Inc. Enbridge Inc. In North America,. Express Canada — Express Pipeline Ltd. The system exceeds 5,000 kilometres in length including multiple paths. Enbridge to Undertake $7 Billion Mainline Replacement Program. Enbridge has operated, and frequently expanded, the mainline system since 1949. 159 m3 bbl Barrel. Enbridge Income Fund Holdings Inc. The IJT benchmark toll and its components are set in U. The Mainline is North America's largest pipeline system, shipping around 3 million barrels per day of crude from western Canada to the U. continued to execute its long-term funding plan and raised approximately $3. The Mainline is a unicorn among these pipes, however, in that none of its capacity — zilch — is under long-term contract. Marketwire. Enbridge:Solid 2Q16Results Despite Wildfires;Model Update. FOURTH AMENDED AND RESTATED AGREEMENT OF LIMITED. An increase in adjusted EBITDA also reflects a higher average foreign exchange hedge rate when compared to 2017. 2 and will accept bids until Oct. 54 per common share. 6 The IJT benchmark toll and its components are set in United States dollars and the majority of the Company's foreign exchange risk on the Canadian portion of the Mainline is hedged. Adjusted EBITDA generated by the Canadian Mainline for the balance of the year will reflect the positive effect of an increase in the Canadian Mainline IJT Residual Benchmark Toll from US$1. Line 9 — Enbridge Pipelines Inc. of one tenth of one percent (. 07 in 2018; • higher Mainline System ex-Gretna throughput of 2,717 thousands of barrels. In addition, Canadian Mainline throughput was higher in the third quarter of 2017 following capacity optimizations implemented earlier in the year. continued to execute its long-term funding plan and raised approximately $3. Also driving an increase in EBITDA contributions were a higher Canadian Mainline IJT residual toll, higher toll surcharges for the recovery of costs related to certain expansion projects, as well. 001-15254) Pursuant to Rule 425 under the Securities Act of 1933, as amended. Enbridge currently allocates capacity based on monthly nominations from shippers, but is proposing to switch to long-term fixed-volume contracts. Specifically, Canadian Mainline contributions increased due to a higher Canadian Mainline International Joint Tariff (IJT) Residual Benchmark Toll, which increased in April 2017 and July 2017. A separate surcharge will apply to all barrels moving on the Canadian mainline at the Canadian local toll, and another surcharge will apply to the international joint toll (IJT) applicable to all. The IJT is designed to provide mainline shippers with a stable and competitive long-term toll,. 15, 2018, to be paid in early December, an Enbridge Income shareholder will receive, as an ENB shareholder, the ENB December dividend and the Enbridge Income dividend to be paid in November to Enbridge Income. (Canadian Mainline) tariffs, please contact [email protected] EEP transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines including the Lakehead Pipeline System which is the United States portion of the Enbridge mainline system, and transports, gathers, processes and markets natural gas and NGL. The IJT surcharge will be adjusted to reflect 75 per cent of the increase in the incremental investment required. Reports Fourth Quarter 2016 Results" was published under the journalistic-editorial responsibility of Enbridge Inc. Saputo Inc. 1%) of all hydrocarbon volume physically delivered from the Enbridge Mainline under the International Joint Tariff, such amount being allocated between the Canadian Mainline and the Lakehead System as one twentieth of one percent (. Growth Projects. Adjusted EBITDA generated by the Canadian Mainline for the balance of the year will reflect the positive effect of an increase in the Canadian Mainline IJT Residual Benchmark Toll from US$1. Specifically, Canadian Mainline contributions increased due to a higher Canadian Mainline International Joint Tariff (IJT) Residual Benchmark Toll, which increased in April 2017 and July 2017. My Favorite. 's fiscal 2019 is "likely to be a year of laying foundations for future growth," said Desjardins Securities. Filed by Enbridge Inc. The effective hedge rate for the translation of Canadian Mainline United States dollar transactional revenues for the first quarter of 2017 was $1. The agreement between Enbridge and its mainline shippers includes an international joint tariff (IJT) surcharge to provide return on and of the capital investment. "Enbridge Partners" has the meaning assigned to such term in the preamble to this Agreement. 18 per common share. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today. Enbridge Inc. The IJT surcharge will be adjusted to reflect 75 per cent of the increase in the incremental investment required. a higher Canadian Mainline IJT residual toll, higher toll. The agreement between Enbridge and its mainline shippers includes an international joint tariff (IJT) surcharge to provide return on and of the capital investment. 2% over the comparable periods of 2015. March 3, 2014 CALGARY, ALBERTA and HOUSTON, TEXAS – Enbridge Inc. (EPI) System and delivered in the U. Our Services TEML operates a network of pipelines, storage tanks and truck terminals in Manitoba with connectivity to our Terminal near Cromer, Manitoba. Enbridge Income earns $67-million in Q1 the Canadian Mainline IJT residual benchmark toll increased by 15 U. of one tenth of one percent (. ” means Enbridge Inc. 63 per barrel. Enbridge Income Fund Holdings Inc. (Commission File No. Reports 2018 First Quarter Results Canada NewsWire CALGARY, May 10, 2018 CALGARY, May 10, 2018 /CNW/ - Enbridge Income. "Operationally,. The agreement between Enbridge and its mainline shippers includes an international joint tariff (IJT) surcharge to provide return on and of the capital investment. Line 3 Replacement Program will provide a significant attractive investment opportunity for EEP, enhancing our distributable cash flow growth rate. An increase in adjusted EBITDA also reflects a higher average foreign exchange hedge rate when compared to 2017. 1%) of all hydrocarbon volume physically delivered from the Enbridge Mainline under the International Joint Tariff, such amount being allocated between the Canadian Mainline and the Lakehead System as one twentieth of one percent (. 15 in 2019 compared with US$4. Our Services TEML operates a network of pipelines, storage tanks and truck terminals in Manitoba with connectivity to our Terminal near Cromer, Manitoba. Upstream, our Mainline is connected to one of the most prolific oil producing regions in the. 18 per common share. Pursuant to FERC regulations, the IJT must be equal to or less than the sum of the local tolls that otherwise would have been charged. Salary as per qualification and experience. 内容提示: Al Monaco President & CEO BUSINESS UNIT HEADER IMAGE GOES HERE 2014 Fourth Quarter Financial & Strategic Update John Whelen Executive Vice President & CFO Guy Jarvis President Liquids Pipelines Legal Notice This presentation includes certain forward looking information (FLI) to provide Enbridge shareholders and potential investors with information about Enbridge and management. EEP transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines including the Lakehead Pipeline System which is the United States portion of the Enbridge mainline system, and transports, gathers, processes and markets natural gas and NGL. Add To Favorites. and Enbridge Energy Partners LP received shipper support for a $7 billion investment in their Canadian and U. Enbridge:Solid 2Q16Results Despite Wildfires;Model Update. Enbridge Inc. · Enbridge Inc. It is a critical integrity replacement project that will enhance the safety and reliability of Enbridge's Liquids Mainline System. pdf), Text File (. Applicant, Enbridge or the Company Enbridge Pipelines Inc. The IJT surcharge will be. says the company won't change course on its plan to convert most of its Mainline pipeline system to long-term contracts despite growing opposition from major. ENBRIDGE INC. Reports Second Quarter Results CALGARY, ALBERTA--(Marketwired - Aug. and Enbridge Energy Partners LP received shipper support for a $7 billion investment in their Canadian and U. Enbridge, the company responsible for the Kalamazoo River spill, is now seeking to pump 800,000 barrels of tar sands crude per day through North Dakota, Minnesota and Wisconsin by expanding its Alberta Clipper pipeline. pdf), Text File (. ENBRIDGE INCOME FUND HOLDINGS INC. , or Enbridge Pipelines, Canadian Mainline system to. Home Stock News Enbridge (ENB) Q2 2018 Results – Earnings Call Transcript Enbridge (ENB) Q2 2018 Results – Earnings Call Transcript August 3, 2018 admin Stock News. Reports Second Quarter Results. Marketwire. Seaboard service entered this territory in 1924. "Allowance Oil Revenue" means the collection by Enbridge Pipelines Inc. 07 in 2018;     • higher Mainline System ex-Gretna throughput of 2,661 thousands of barrels per day (kbpd) in 2019 compared with 2,636 kbpd in 2018 driven by an increase in supply and continuous capacity optimization; and    . Enbridge Receives National Energy Board Approval for New 10-Year Toll Agreement on Crude Oil Mainline System. In addition, Canadian Mainline throughput was higher in the third quarter of 2017 following capacity optimizations implemented earlier in the year. The IJT surcharge will be adjusted to reflect 75 per cent of the increase in the incremental investment required. 5 Volumes are for the Athabasca mainline, Athabasca Twin, Waupisoo Pipeline and Woodland Pipeline and exclude laterals on the Regional Oil Sands System. "Enbridge Inc. The Line 3 Replacement (L3R) Program will. Additional Defined Terms. mainline system running from Edmonton, Alberta to Superior, Wisconsin. Marketwire. The agreement between Enbridge and its mainline shippers includes an international joint tariff (IJT) surcharge to provide return on and of the capital investment. 15, 2018, to be paid in early December, an Enbridge Income shareholder will receive, as an ENB shareholder, the ENB December dividend and the Enbridge Income dividend to be paid in November to Enbridge Income. Adjusted EBITDA generated by the Canadian Mainline for the balance of the year will reflect the positive effect of an increase in the Canadian Mainline IJT Residual Benchmark Toll from US$1. (TSX:ENF) (ENF or the Company) announced second quarter earnings of $77 million, or $0. The IJT surcharge structure for the Program is designed to provide Enbridge with a solid return on its incremental investment. Full text of "Sixtieth Annual Report of the Proceedings and Decisions of the State Tax Commission of Missouri for the Year Ending December 31, 2005" See other formats. First quarter results were impacted by a lower average Canadian Mainline IJT Residual Benchmark Toll, a lower foreign exchange hedge rate used to record United States dollar denominated Canadian Mainline revenues and lower surcharge revenue. On April 1, 2017, the Canadian Mainline IJT Residual Benchmark Toll increased by US$0. The agreement between Enbridge and its mainline shippers includes an international joint tariff (IJT) surcharge to provide return on and of the capital investment. More than 3,000 kilometres of the system is in the United States while the rest is in Canada and serves the Athabasca oil sands production facilities. On a year-to-date basis, adjusted EBIT decreased compared to the same period in 2016 due to the lower quarter-over-quarter average Canadian Mainline IJT Residual Benchmark Toll in the first. An increase in adjusted EBITDA also reflects a higher average foreign exchange hedge rate when compared to 2017. MAINLINE CONTRACTING On August 2, following several months of consultations and negotiations with the Company's shippers, Enbridge launched an open season for transportation services on the. Enbridge announced the open season on Aug. 2: Section 1. Reports Second Quarter Results. Also driving an increase in EBITDA contributions were a higher Canadian Mainline IJT residual toll, higher toll surcharges for the recovery of costs related to certain expansion projects, as well. pdf), Text File (. “Allowance Oil Revenue” means the collection by Enbridge Pipelines Inc. For any shipment, this toll is the difference between the IJT Benchmark Toll and the Lakehead System Local Toll. 内容提示: Al Monaco President & CEO BUSINESS UNIT HEADER IMAGE GOES HERE 2014 Fourth Quarter Financial & Strategic Update John Whelen Executive Vice President & CFO Guy Jarvis President Liquids Pipelines Legal Notice This presentation includes certain forward looking information (FLI) to provide Enbridge shareholders and potential investors with information about Enbridge and management. The CTS also provides for an International Joint Tariff (IJT) for crude oil shipments originating in Canada on the EPI system, and delivered in the U. 2 and will accept bids until Oct. "Operationally,. 3 billion since the end of the first quarter through a. The IJT surcharge will be adjusted to reflect 75 per cent of the increase in the incremental investment required. The IJT and CLT include (and therefore Enbrige is responsible for) the first $10,000,000 in operating expenses in each calendar year on the Enbridge Mainline associated with any Regulatory Changes or Enbridge Specific Regulatory Changes, as applicable, and the first $100,000,000 of Integrity Capital during the Term on the Enbridge Mainline. Enbridge, Inc. crude oil mainline system running from Edmonton, Alberta to Superior, Wisconsin. IJT Benchmark Toll2 Lakehead System Local Toll3 Canadian Mainline IJT Residual Benchmark Toll4 1 2 Inclusive of realized gains or losses on foreign exchange derivative financial instruments. txt) or read online for free. Line 3 Replacement Program will provide a significant attractive investment opportunity for EEP, enhancing our distributable cash flow growth rate. XOM Exxon Mobil Corp GE General Electric Com MSFT Microsoft Corporatio C Citigroup, Inc. cents per barrel and the higher toll is expected to. 3 billion since the end of the first quarter through a combination of debt and equity issuances · Marathon Petroleum Corporation named anchor shipper and equity partner in the US$0. First quarter ACFFO was $1,215 million, or $1. Reports Second Quarter Results CALGARY, ALBERTA--(Marketwired - Aug. In addition, Canadian Mainline throughput was higher in the third quarter of 2017 following capacity optimizations implemented earlier in the year. Reports Second Quarter Results Enbridge Income Fund Holdings Inc First quarter results were impacted by a lower average Canadian Mainline IJT Residual. 内容提示: Al Monaco President & CEO BUSINESS UNIT HEADER IMAGE GOES HERE 2014 Fourth Quarter Financial & Strategic Update John Whelen Executive Vice President & CFO Guy Jarvis President Liquids Pipelines Legal Notice This presentation includes certain forward looking information (FLI) to provide Enbridge shareholders and potential investors with information about Enbridge and management. We expect Enbridge Income Fund to be positively impacted. Enbridge Inc. 3, 2017) - Q2 HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless. Changes in the Canadian Mainline IJT Residual Benchmark Toll are inversely related to the Lakehead System Toll which, on average, was higher throughout 2014 due to the recovery of incremental costs associated with EEP's growth projects. Both entities would be transferred from. 060 (A Top Pick Jun 25/18, Up 17%) A needed commodity and the existing infrastructure is very important, as it is difficult to put more pipelines in the ground. , the world's longest crude oil and liquids transportation system. cents per barrel and the higher toll is expected to. ENBRIDGE INC. The IJT is designed to provide mainline shippers with a stable and competitive long-term toll, preserving and enhancing throughput on both the EPI and EEP systems. 6 The IJT benchmark toll and its components are set in United States dollars and the majority of the Company's foreign exchange risk on the Canadian portion of the Mainline is hedged. Both entities would be transferred from. Canadian Mainline — Enbridge Pipelines Inc. Specifically, Canadian Mainline contributions increased due to a higher Canadian Mainline International Joint Tariff (IJT) Residual Benchmark Toll, which increased in April 2017 and July 2017. Salary as per qualification and experience. Gas was furnished by Central Florida Gas, organized in 1928. 15, 2019 /PRNewswire/ - Enbridge Inc. 060 (A Top Pick Jun 25/18, Up 17%) A needed commodity and the existing infrastructure is very important, as it is difficult to put more pipelines in the ground. It is a critical integrity replacement project that will enhance the safety and reliability of Enbridge's Liquids Mainline System. "Enbridge Inc. (TSX:ENF) (ENF or the Company) announced second quarter earnings of $77 million, or $0. After taking into consideration the factors above, the remaining $102 million increase is primarily explained by the following significant business factors: • a higher IJT Benchmark Toll of US$4. The Fund's assets consist of a portfolio of Canadian liquids transportation and storage businesses, including the Canadian Mainline, the Regional Oil Sands. is a Canadian multinational energy transportation company based in Calgary, Alberta. Adjusted EBITDA generated by the Canadian Mainline for the balance of the year will reflect the positive effect of an increase in the Canadian Mainline IJT Residual Benchmark Toll from US$1. 15, 2018, to be paid in early December, an Enbridge Income shareholder will receive, as an ENB shareholder, the ENB December dividend and the Enbridge Income dividend to be paid in November to Enbridge Income. (ENF or the Company) today reported third quarter 2018 financial results and provided a quarterly business update. Enbridge Income Fund Holdings Inc. 52 per common share. The IJT is designed to provide mainline shippers with a stable and competitive long-term toll, preserving and enhancing throughput on both the EPI and EEP systems. had second quarter earnings of $77-million, or 54 cents per common share. Enbridge has already lowered oil-shipping requirements on the Mainline contracts by two-thirds. Motorists should expect single lanes of both the northbound and southbound lanes of U. 11 for the. • a higher International Joint Tariff (IJT) Benchmark Toll of US$4. Mountain Time) with Enbridge Income Fund Holdings Inc. We do expect the performance of the Fund Group to improve over the course of the year, given the increase in the liquids mainline IJT Residual Benchmark Toll, which took effect on April 1. 15 in 2019 compared with US$4. Adjusted EBITDA generated by the Canadian Mainline for the balance of the year will reflect the positive effect of an increase in the Canadian Mainline IJT Residual Benchmark Toll from US$1. Changes in the Canadian Mainline IJT Residual Benchmark Toll are inversely related to the Lakehead System Toll, which was higher in the first quarter of 2017 due to the recovery of incremental costs associated with EEP’s growth projects and surcharges to recover under collection of toll revenue in prior years. " Mark Maki , President, Enbridge Energy Partners said, "The U. Adjusted EBITDA generated by the Canadian Mainline for the balance of the year will reflect the positive effect of an increase in the Canadian Mainline IJT Residual Benchmark Toll from US$1. Enbridge has already lowered oil-shipping requirements on the Mainline contracts by two-thirds. Changes in the Canadian Mainline IJT Residual Benchmark Toll are inversely related to the Lakehead System Toll, which was higher in the first quarter of 2017 due to the recovery of incremental costs associated with EEP's growth projects and surcharges to recover under collection of toll revenue in prior years. The effective hedge rate for the translation of Canadian Mainline United States dollar transactional revenues for the first quarter of 2017 was $1. dollar denominated International Joint Tariff (IJT) for crude oil shipments originating in Canada on the Enbridge Pipelines Inc. · Enbridge Inc. The agreement between Enbridge and its mainline shippers includes an international joint tariff (IJT) surcharge to provide return on and of the capital investment. (NYSE: EEP) today announced they have received shipper support for a $7 billion investment in their Canadian and U. mainline system running from Edmonton, Alberta to Superior, Wisconsin. Enbridge Income Fund Holdings Inc. 's tolls related to the income tax allowance component for its FERC regulated cost-of-service based Facility Surcharge Mechanism (FSM) projects. Salary as per qualification and experience. and Enbridge Energy Partners, L. The IJT Benchmark Toll is per barrel of heavy crude oil transported from Hardisty, Alberta to Chicago, Illinois. The Line 3 Replacement (L3R) Program will. The NEB determined that the 2011 CTS is consistent with the revised guidelines for negotiated settlements. Of note, the recently-raised Lakehead tariff drove a10% decline in the Mainline IJT Residual Toll, contributing to the Mainline. Please note: Enbridge Inc. “Enbridge Partners” has the meaning assigned to such term in the preamble to this Agreement. The IJT and CLT include (and therefore Enbrige is responsible for) the first $10,000,000 in operating expenses in each calendar year on the Enbridge Mainline associated with any Regulatory Changes or Enbridge Specific Regulatory Changes, as applicable, and the first $100,000,000 of Integrity Capital during the Term on the Enbridge Mainline. The IJT Benchmark Toll is per barrel of heavy crude oil transported from Hardisty, Alberta to Chicago, Illinois. In addition, Canadian Mainline throughput was higher in the third quarter of 2017 following capacity optimizations implemented earlier in the year. The mainline system is comprised of Canadian Mainline and Lakehead System (the portion of the mainline in the United States that is operated by Enbridge and owned by EEP). Enbridge, Inc. “ Enbridge Partners ” has the meaning assigned to such term in the preamble to this Agreement. Reports Strong Third Quarter 2018 Results and Significant Progress on Strategic Priorities Also driving an increase in EBITDA contributions were a higher Canadian Mainline IJT. Enbridge Inc. For any shipment, this toll is the difference between the IJT Benchmark Toll and the Lakehead System Local Toll. Add To Favorites. Enbridge finalises $7. It is a critical integrity replacement project that will enhance the safety and reliability of Enbridge's Liquids Mainline System. BAC Bank Of America Corp BP Bp Plc HBC HSBC Hldgs Plc PG The Procter & Gamble. 9 billion Southern Access Extension Project, and will fund 35% of the project. pdf 17页 本文档一共被下载: 次 ,您可全文免费在线阅读后下载本文档。. announced an equity restructuring involving the General Partner’s incentive distributions rights within Enbridge Energy Partners, L. mainline will create an offsetting revenue. Mainline, mainly from higher throughput following the expansion of the Company's mainline system completed in July 2015. off the Lakehead System. Enbridge Income Fund Holdings Inc. (ENF or the Company) announced third quarter earnings of $77 million, or $0. Enbridge, the company responsible for the Kalamazoo River spill, is now seeking to pump 800,000 barrels of tar sands crude per day through North Dakota, Minnesota and Wisconsin by expanding its Alberta Clipper pipeline. Energy Independence Day. Enbridge Inc. , a Delaware limited liability company (" Lakehead GP "), and Enbridge Pipelines (Wisconsin) Inc. 001-15254) Pursuant to Rule 425 under the Securities Act of 1933, as amended. Although the fund group is not directly impacted by the FERC actions, under the IJT mechanism, reductions or increases in tariff rates on the U. Enbridge and the RSG willmine deter if the cause of the shortfall was due to capacity loss on the Mainline system below the stated lower threshold of 2,350 kbpd. Enbridge, Inc. 15 in 2019 compared with US$4. 21st, this is the Management Discussion and Analysis (MD&A) for Enbridge, which includes the company's outlook for the Enbridge Northern Gateway Pipeline, proposed to carry Alberta bitumen to tankers at Kitimat, B. (ENF or the Company) announced second quarter earnings of $77 million, or $0. Growth in Canadian Mainline adjusted EBIT was also partially offset by a combination of a lower average International Joint Tariff (IJT) Residual Benchmark Toll, which decreased effective April 1, 2016, and a lower foreign exchange rate on hedges used to convert Canadian Mainline United States dollar toll revenues to Canadian dollars. Made public on SEDAR Feb. The IJT surcharge will be adjusted to reflect 75 per cent of the increase in the incremental investment required. "Enbridge Mainline" means the combined liquids pipeline system made up of the Canadian Mainline and the Lakehead System. EEP transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines including the Lakehead Pipeline System which is the United States portion of the Enbridge mainline system, and transports, gathers, processes and markets natural gas and NGL. Construction. IJT Benchmark Toll2 Lakehead System Local Toll3 Canadian Mainline IJT Residual Benchmark Toll4 1 2 Inclusive of realized gains or losses on foreign exchange derivative financial instruments. Canada's energy regulator on Tuesday responded to shipper complaints about Enbridge Inc's plan to switch to fixed contracts on its Mainline pipeline network by announcing a fast-track process to gather comment on the proposal that could lead to its being delayed. Changes in the Canadian Mainline IJT Residual Benchmark Toll are inversely related to the Lakehead System Toll, which was higher in the first quarter of 2017 due to the recovery of incremental costs associated with EEP's growth projects and surcharges to recover under collection of toll revenue in prior years. 060 (A Top Pick Jun 25/18, Up 17%) A needed commodity and the existing infrastructure is very important, as it is difficult to put more pipelines in the ground. Enbridge Inc. Strong Demand for Mainline Capacity IJT Benchmark Toll. Enbridge and the RSG willmine deter if the cause of the shortfall was due to capacity loss on the Mainline system below the stated lower threshold of 2,350 kbpd. pdf), Text File (. Adjusted EBITDA generated by the Canadian Mainline for the balance of the year will reflect the positive effect of an increase in the Canadian Mainline IJT Residual Benchmark Toll from US$1. Fund Group ACFFO was $488 million for the three months ended September 30, 2017 and $1,411 million year-to-date. Main parts of the system are 2,306-kilometre-long Canadian Mainline and 3,057-kilometre-long Lakehead System. , a Canadian corporation. FOR: ENBRIDGE INC. The Line 3 Replacement Program (L3R Program) being undertaken by Enbridge and EEP will support the safety and operational reliability of the mainline system, enhance flexibility, allow Enbridge and EEP to optimize throughput on the mainline system and restore approximately 370,000 bpd of capacity from western Canada into Superior, Wisconsin. 8-MMb/d Mainline system from Alberta to the U. Reports Second Quarter Results. Marketwire. (1) ensuring that CTS International Joint Rate Tariff ("CTS IJT") tolls applicable to delivery points on the Enbridge Mainline will be the same, irrespective of the specific facilities or path, as per CTS Section 14. Made public on SEDAR Feb. Please note: Enbridge Inc. Enbridge, Inc. · Enbridge Inc. 07 in 2018; • higher Mainline System ex-Gretna throughput of 2,717 thousands of barrels. transported on the Canadian Mainline or under the IJT unless otherwise agreed between Enbridge and the Representative Shipper Group. 3, 2017) - Q2 HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless. 2 from shippers who wished to enter into contracts of from eight to 20 years for priority transport on the Mainline, with discounts available based on contract length and volumes. CALGARY, Feb. Enbridge has operated, and frequently expanded, the mainline system since 1949. Fund Group ACFFO was $488 million for the three months ended September 30, 2017 and $1,411 million year-to-date. Growth in Canadian Mainline adjusted EBIT was also partially offset by a combination of a lower average International Joint Tariff (IJT) Residual Benchmark Toll, which decreased effective April 1, 2016, and a lower foreign exchange rate on hedges used to convert Canadian Mainline United States dollar toll revenues to Canadian dollars.