Enbridge, Inc - ENB STOCK NEWS

Enbridge Inc. (TSX: ENB) has partnered with the First Nation Capital Investment Partnership (FNCIP) to establish the Open Access Wabamun Carbon Hub in Alberta. This initiative allows Indigenous communities, including four Treaty 6 Nations, to have an ownership stake in carbon transportation and storage projects. Enbridge aims to support carbon capture projects from Capital Power and Lehigh Cement, potentially avoiding nearly 4 million tonnes of CO2 emissions. The collaboration highlights a commitment to economic sovereignty and environmental stewardship.

Enbridge has partnered with Lehigh Cement to develop North America's first full-scale carbon capture, utilization, and storage (CCUS) solution at Lehigh's Edmonton facility. This initiative aims to capture approximately 780,000 tonnes of CO₂ annually. Enbridge plans to build an open access carbon hub in Wabamun, Alberta, which could be operational by 2025, pending regulatory approvals. The combined efforts of Lehigh and Capital Power may prevent nearly 4 million tonnes of CO₂ emissions, enhancing Enbridge's commitment to sustainable energy solutions.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) plans to redeem all outstanding Cumulative Redeemable Minimum Rate Reset Preference Shares, Series 17 on March 1, 2022, at a price of $25.00 per share, plus any accrued and unpaid dividends. Beneficial holders should contact their financial intermediaries for redemption details, while registered shareholders can reach out to Computershare Investor Services Inc. for assistance. Enbridge operates major energy infrastructure across North America, including transporting crude oil, natural gas, and renewable energy assets.

Enbridge has successfully closed a $750 million offering of 5.00% Fixed-to-Fixed Rate Subordinated Notes Series 2022-A, due January 19, 2082. The net proceeds will be utilized to redeem outstanding Cumulative Redeemable Minimum Rate Reset Preference Shares, Series 17, repay short-term debt, and support general corporate purposes. The offering was conducted through a syndicate led by RBC Capital Markets, BMO Capital Markets, and CIBC Capital Markets in Canada. The Notes are not registered in the U.S. and cannot be offered there.

Enbridge Inc. announced executive leadership changes effective March 1, 2022. Bill Yardley, President of Gas Transmission and Midstream, will retire on May 31, 2022. Cynthia Hansen, formerly President of Gas Distribution and Storage, will succeed Yardley. Michele Harradence will replace Hansen, and Vern Yu will expand his role to include Corporate Development. CEO Al Monaco highlighted the importance of internal talent development in these appointments, emphasizing the continued strength and focus on safety and reliability within the company.

Texas LNG Brownsville LLC, a subsidiary of Glenfarne Group, has signed a precedent agreement with Enbridge Inc. to enhance the Valley Crossing Pipeline, facilitating the delivery of 720 million cubic feet of natural gas daily to Texas LNG's export terminal in South Texas. This pipeline will operate for at least 20 years and will involve a 10-mile extension and added compression facilities. The facility aims to produce 4 million tonnes per annum of LNG, with commercial operations expected to start in 2026. The project emphasizes lower carbon emissions through the use of electric-powered compression.

Enbridge Inc. will host a conference call and webcast on Feb. 11, 2022, at 7:00 a.m. MT (9:00 a.m. ET) to discuss its fourth quarter and full-year 2021 financial results. The call will feature prepared remarks from the executive team and a Q&A session for analysts and investors. Financial results will be announced prior to market opening on the same day. A replay of the webcast and transcript will be available on Enbridge's website after the event. For more details, contact media at (888) 992-0997 or investors at (800) 481-2804.

Enbridge Inc. (TSX: ENB, NYSE: ENB) is considering a private placement offering of hybrid subordinated debt securities in Canada. The net proceeds are intended for redeeming Cumulative Redeemable Minimum Rate Reset Preference Shares, Series 17, repaying short-term debt, and general corporate purposes. The offering is subject to market conditions, and there is no guarantee it will be completed. This announcement does not serve as a notice of redemption or an offer to sell the securities. The debt securities have not been approved by any regulatory authority.

Enbridge Inc. announced approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB), allowing the company to repurchase up to 31,062,331 common shares, amounting to $1.5 billion. The NCIB is set to begin on January 5, 2022, and run until January 4, 2023, or until the maximum shares are acquired. The repurchase represents approximately 1.53% of outstanding shares as of December 22, 2021. The company aims to maintain a strong balance sheet while executing these buybacks, with purchases made at market prices.