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A Solid Year
Our strong results in 2008 confirm that Enbridge’s value proposition for investors of safety, income and growth can deliver even in a difficult economic environment.
Adjusted earnings per share increased approximately 6% to $1.88, which was near the midpoint of our guidance range. Actual earnings rose 89% to $1,321 million or $3.67 per common share, compared with $700.2 million or $1.97 per common share in 2007.
Our Total Shareholder Return (TSR) in 2008 was among the top ten on the TSX 60 index of Canada’s largest companies. From the start of the credit crisis in mid-2007 to the end of 2008, a period of broad market decline, we significantly outperformed our peers in Canada and the United States, as well as the broader market indices.