Enbridge
From Wikipedia, the free encyclopedia
| Enbridge | |
 |
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| Type | Energy Distribution |
|---|---|
| Founded | 1949 |
| Headquarters | Calgary, Alberta |
| Employees | 4,000 |
| Website | Official site |
Enbridge TSX: ENB NYSE: ENB is a Calgary, Alberta based company which is focused on three core businesses: crude oil and liquids pipelines, natural gas pipelines, and natural gas distribution. The company has over 4,000 employees, mostly in Canada, the U.S. and South America. The Enbridge name is a portmanteau for "energy" and "bridge".
Enbridge operates the world's longest crude oil and liquids pipeline system, located in both Canada and USA. It owns and operates Enbridge Pipelines Inc. and a variety of affiliated pipelines in Canada, and has an approximate 12% interest in Enbridge Energy Partners, L.P. which owns the Lakehead System in the U.S. These pipeline systems have operated for over 50 years and now comprise approximately 13 500 kilometres (8,500 miles) of pipeline, delivering more than 2 million barrels (300,000 m³) per day of crude oil and liquids. Enbridge is also the sponsor and manager of the Enbridge Income Fund.
Enbridge is also involved in liquids marketing and international energy projects and has a growing involvement in the natural gas transmission and midstream businesses, through the Alliance and Vector pipelines, its investment in AltaGas Services, and various U.S. assets that transport, gather, process and market natural gas and other petroleum products.
As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, Enbridge Gas Distribution, which provides gas to industrial, commercial and residential customers in Ontario, Quebec and New York State. Enbridge distributes gas to 1.7 million customers and is developing a gas distribution network in New Brunswick.
In September 2004, Enbridge closed a deal with Long Lake Oil Sands partners Nexen and OPTI Canada to provide an initial 60,000 barrels (10,000 m³) per day of pipeline capacity. Furthermore, the company announced it will conduct an open season for the Spearhead Pipeline project, which would offer crude oil transportation between Chicago and Cushing, Oklahoma, starting in early 2006.
[edit] Corporate governance
Current members of the board of directors of Enbridge are: David Arledge, James Blanchard, J. Lorne Braithwaite, Patrick Daniel, E. Susan Evans, William Fatt, Louis Hyndman, Robert Martin, George Petty, [[Charles Shultz]change this link], and Donald J. Taylor.
The current President & CEO of Enbridge is Patrick Daniel.
