Enbridge Inc. Preferred Perpetual Stock 5.202% (EBRGF)

Overview

Enbridge Inc., headquartered in Calgary, Canada, is a premier energy infrastructure company that has been operational since 1949. Initially founded as IPL Energy Inc., the company underwent a rebranding in October 1998 to become Enbridge Inc. It operates on a multinational level, primarily in Canada and the United States, through its subsidiaries. Enbridge Inc. is recognized for its extensive portfolio in the energy sector, focusing on liquid pipelines, natural gas transmission, and midstream services, gas distribution and storage, renewable energy sources, and energy service solutions. With its diversified operations, Enbridge plays a pivotal role in the energy value chain, facilitating the efficient transportation, distribution, and generation of energy across North America.

Products and Services

The services and products offered by Enbridge Inc. are categorized into five distinct segments, each addressing a unique aspect of the energy infrastructure.

• Liquids Pipelines: This segment is dedicated to the operation of pipelines and related terminals that transport various grades of crude oil and other liquid hydrocarbons. It solidifies Enbridge’s role in connecting key supply basins with markets across Canada and the United States, ensuring reliable delivery of energy products.
• Gas Transmission and Midstream: Here, Enbridge invests in natural gas pipelines, gathering, and processing facilities. This segment focuses on the transmission of natural gas across vast distances and the preparation of gas for eventual market distribution or further processing, enhancing energy access and reliability in North America.
• Gas Distribution and Storage: This area covers natural gas utility operations targeting residential, commercial, and industrial customers, mainly in Ontario. It also includes natural gas distribution activities in Quebec. The segment emphasizes safe and efficient gas distribution, ensuring a steady supply of natural gas for heating, electricity generation, and other uses.
• Renewable Power Generation: Enbridge’s investments in renewable energy assets like wind, solar, geothermal, and waste heat recovery facilities are encapsulated in this segment. By operating these power-generating assets, Enbridge contributes to the diversification of North America’s energy mix and supports the transition to sustainable energy sources.
• Energy Services: The Energy Services segment offers physical commodity marketing and logistical support. It caters to refiners, producers, and other stakeholders, facilitating the trading of energy commodities and the management of logistical needs across Canada and the United States. This segment plays a crucial role in the energy sector by ensuring the smooth operation of energy markets.