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Enbridge Inc T.ENB

Alternate Symbol(s):  EBGEF | T.ENB.PR.F | EBBNF | ENBFF | T.ENB.PF.A | T.ENB.PR.G | ENBGF | T.ENB.PF.C | T.ENB.PR.H | ENBHF | ENNPF | T.ENB.PF.E | T.ENB.PR.I | T.ENB.PF.G | T.ENB.PR.J | ENBMF | T.ENB.PF.K | T.ENB.PR.N | ENBNF | T.ENB.PF.U | T.ENB.PR.P | ENBOF | EBRGF | T.ENB.PF.V | T.ENB.PR.T | T.ENB.PR.A | T.ENB.PR.V | ENBRF | EBRZF | T.ENB.PR.B | T.ENB.PR.Y | ENB | T.ENB.PR.D | EBBGF | T.ENB.PR.Z

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.


TSX:ENB - Post by User

Comment by Quintessential1on Oct 20, 2022 10:27am
293 Views
Post# 35036102

RE:Enbridge has hiked gas prices again

RE:Enbridge has hiked gas prices again

The government is already making a windfall.  

"Plus, big profit windfalls mean big revenues. That’s why Alberta turned a pandemic deficit into a $13.2-billion surplus this year; and why the federal deficit fell to $25.8 billion in a year from $97 billion last year, less than half the original forecast."

There are already systems in place to return costs to consumers such as the carbon tax rebate.

"Commodity prices are double what they were this time last year."

ENB by law is not allowed to make a profit on the sale of natural gas.  The price hike is to cover the increased costs of the commodity itself.

ENB makes money on the transportation of natural gas only.

Go Enbridge! ;-)




silkos wrote:
Enbridge has hiked gas prices again - and heating prices for some could double this winter
 

https://www.thestar.com/business/opinion/2022/10/19/even-as-energy-profits-soar-your-heating-bill-is-going-up-again.html

Note that these increases are to stay and move only in one direction (higher) helping ENB bottom line.
 

 


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