trending Market Intelligence /marketintelligence/en/news-insights/trending/qgxtjngygjhbou_712slpq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Enbridge registers $6.46B worth of common shares for simplification deals

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon

Enbridge registers $6.46B worth of common shares for simplification deals

Enbridge Inc. registered 192.4 million of its common stock worth $6.46 billion as the planned roll-up of its sponsored vehicles Spectra Energy Partners LP, Enbridge Energy Partners LP and Enbridge Energy Management LLC nears completion.

The company registered 91.0 million of its common shares, to be exchanged for all of Spectra's 81.9 million outstanding common units it does not already own at an exchange ratio of 1.111 Enbridge shares for each Spectra common unit, according to an Oct. 10 SEC filing.

Enbridge also registered 72.3 million shares for its stock deal with Enbridge Energy Partners, and 29.2 million shares for its acquisition of Enbridge Energy Management. Enbridge Energy Partners unit holders and Enbridge Energy Management shareholders are slated to receive 0.335 of an Enbridge share for each unit or share held.

Enbridge in August and September announced deals to buy out Spectra, Enbridge Energy Partners, Enbridge Energy Management and Enbridge Income Fund Holdings Inc. in an effort to simplify its corporate structure and lessen its vulnerability to "significant weakening" of capital markets for master limited partnerships.

In a separate news release, Enbridge Income Fund Holdings scheduled a special meeting on Nov. 6 in Calgary, Alberta, for shareholders to vote on the company's simplification deal with Enbridge. Shareholders of record as of Oct. 5 are entitled to vote during the meeting.

All of the deals are scheduled to close in the fourth quarter.