Content
Sponsored Investments
Sponsored Investments includes the Company's 15.1% ownership interest in EEP and a 41.9% voting interest in EIF. Enbridge manages the day-to-day operations of, and develops and assesses opportunities for each, including both organic growth and acquisition opportunities.
|
Earnings (millions of dollars) |
2007 |
2006 |
2005 |
|---|---|---|---|
Enbridge Energy Partners |
44.0 |
43.0 |
21.7 |
Enbridge Income Fund |
39.2 |
37.8 |
34.2 |
Dilution gains |
11.8 |
- |
8.9 |
Impact of tax changes |
1.9 |
6.0 |
- |
|
96.9 |
86.8 |
64.8 |
Sponsored Investments Earnings
(millions of dollars)
Increased earnings from Sponsored Investments in 2007 were primarily a result of the recognition of a dilution gain on a unit issuance in which the Company did not participate.
Earnings from
Sponsored Investments were $96.9 million for the year ended
December 31, 2007 compared with $86.8 million in 2006.
The increase in earnings was primarily a result of the
recognition of a dilution gain on a unit issuance in EEP in which
the Company did not participate.
Revenues from Sponsored
Investments include only revenues from EIF as the Company equity
accounts for its interest in EEP. For the year ended December 31,
2007, revenues were $270.3 million compared with revenues of
$254.7 million for the year ended December 31, 2006.
The $15.6 million increase in revenue was a result of
increased tolls on the Alliance and Saskatchewan Systems as well as a full year contribution from the wind assets
purchased in Q4-2006. Fiscal 2006 revenues of $254.7 million
were relatively consistent with revenues of $249.0 million for
the year ended December 31, 2005.