Enbridge owns or has interests in 80,000 kilometres of pipelines
Our Targets
Our vision is to be North America’s leading energy delivery company and our objective is to generate superior long-term value for investors. We want to continue to deliver superior earnings growth while maintaining our relatively low risk profile. Following are some of the targets that will help us achieve our corporate goals.
  • Realize a six per cent average annual organic earnings per share growth target over the next five years.
  • Deliver superior dividend growth and capital appreciation to shareholders.
  • Maintain a stable, low-risk investment profile and strong financial position.
 
OUR 2005 HIGHLIGHTS
  • Achieved adjusted operating earnings of $537.2 million, an eight per cent increase from 2004.
  • Total shareholder return* was 25.5 per cent in 2005, and has averaged 13.3 per cent per year since Enbridge became a publicly traded company in 1953.
  • Enbridge Inc. expects to spend approximately $13 billion over the next five years, including $8 billion on Liquids Pipelines projects such as Athabasca, Waupisoo, Southern Access, Spearhead, Gateway and mainline expansion. Total Liquids Pipelines projects identified to date, during and beyond the next five years, total $13 billion.
  • We reached an agreement on the key terms of a new five-year incentive tolling settlement for 2005 through 2009 for the core component of our mainline liquids pipeline system in Canada. The agreement provides certainty for pipeline rate of return for another five-year period, and provides Enbridge with the opportunity to earn a higher rate of return by providing customers with additional value.

* Total shareholder return includes total cash dividends declared plus common share price appreciation. This is not a standardized measure under Canadian Generally Accepted Accounting Principles, therefore it may not be comparable to similarly titled measures used by other issuers.

 

Annual Shareholder Return