Thanks, off all financial results systems. across our this John. a and Good operating everybody. record year morning, Well, we’re with start to of great
gas today. priorities outlook and announced John the the three the detail. year you take changes then, for quarter, recapping is gas on going summary for going main transmission update year to our to of Pipelines, I’ll I’m So, wrap by results an the start that businesses, distribution. Liquids more mention we and up executive and with through provide a the financial in the the
past us here derisked bigger business. that, business and we made year our today is how we the to in we the further steps stronger The in picture. Before get see the took
on We’re assets. pipeline do building operating low-risk focused and what utility we best,
operating and our self-funded sale the sheet the allowed eliminate financial that strong us quarters over out. our And balance assets, results recent growth want. model. last which been year, us strengthened that giving flexibility fully of flex bears to with that performance Our consistency to We the non-core has very a of our DRIP us we moved the financial
the assets we well roof. growth, structure. three-year future. core Lastly, our simplified we to look Enbridge and progress the the into under With can this the And strengthened plan, discipline all of position sustained the have now, now we on
It a moving running hit in record gas send Mainline five. to out. our the another The strong So, demand results Ontario full, on was board. is the high very Liquids slide across were systems transmission and quarter on utility
but we’re detail buy-ins is almost XX% also in benefit strong quarter year, continue per reflecting the maintaining share the the $X.X in the recent financial quarter, in the issued translates EBITDA factoring asset for that over $X.XX XXXX share, that sponsored a roughly the John to to our $X.XX We per in we to few after more given in in last expect at newly XX%; guidance billion outlook billion, But Distributable line of shares up up a QX. $X.X in that business. cash bottom cover differentials, DCF. in narrowing Energy Services flow from came don’t for was vehicle $X.XX very will sales. QX. even the minutes,
liquids. business the to unit Turning updates, with and beginning now slide six
been as western our Given possible to support move customers. egress we’ve hard many as barrels working Canada constraints, safely to
barrels moving system, more in quarter; this remained storage high. Our in full Alberta levels mainline was on record. stubbornly we the Despite fact, a hit
Given focus XXXX, throughput. system. to XXX,XXX we’ll optimizing be in to We’ve barrels continue our isn’t of now until that XX,XXX to expected per and shippers on on day service Line to ways been add given X working with
nations. Next Line line X. here of X project critically we and landowners, unions and support on reason And important That’s replacement and be to the a why a to labor of overwhelming that safety stakeholders, context an seven just it slide also us, the update bit and municipalities, enhances main entire reliability system. on communities, have indigenous and critical is Line from a tribal first.
review, confidence a permitting Canada, the reason Another very of very we’re through been has and all year. be the Wisconsin, people is construction critical things -- replaced gone tied by permitting put last into and North regulatory has have Dakota, given will pipeline doing border was gone In month. In we’ve very place. the end well rigorous that the in And that the crossing, in service and done that’s and been we’ve right. and in
the complete. of Minnesota, project is phase Now, in now regulatory the
you This view route their last the their As reconsideration need, and thorough taken the that this environmental the place Minnesota years. four decisions. reaffirmed petitions of past record last PUC the saw the for the over the the denied review quarter, supports that’s of clearly
schedule, And In you schedule. in-service construction now phase. of half know. the we’re the to So, we’re announced into second pushed our updating we date permitting permitting which March, the as XXXX, the revised
to around slide to on So, permitting. at look eight specifics the
First, band. a for environmental issued is work the This Fond Lac by scrutiny ago, reservation. placed weeks all important permits milestone, the Band couple of an required given on du the their the within the project
you Corps we the the permits permit, together Engineers that And within outcome. slide that is great path. that Control the timeline XXX window should that’s permit permits Pollution you see level So, here. be Army completed other timelines What Agency, we on think for the here the provide is of PCA’s water the state by which with critical expect the will XXX October see the lead published XX. PCA, a milestones the and At the the DNR it’s
well by a did. on And both monitor we’re schedule. timely the additional as ensure basis, to state and as job agencies We’re working agencies what is the we that’s here our information to providing any with required
you can all the get PCA end. other see, milestones. drafts will that month finalizing additional permit to tribal underway. currently The agencies As which by point, early hit public the will At the on working go we’ve consultation and is
local to that we’re well the it good we’re extensively over which on the project. here, PUC done another to the clarify and minute few the rehash the resulted the And not here’s point to for project, back important years need input, is talking in While some as public changes and for to a stepping just get form through hearings. was last consultation it’s actually about
the state assuming have actually underway there federal already. as November, So, the And a permitting we in with Corps. historically we’ll Army the month or work taken then hand finalize that’s by two is permits and
year-end, on all detailed new by meet around perspective, stage, developing The to with all we’ve half permitting of but winter This add which working the an it date wrapped if So, does some the schedule. XXXX. in-service be second mean in a execution we confirmed at hand the team And are up can now construction, is complexity. hope has year-end. actually this permits from we does environmental at benefits that
is Canada. to of means we’re U.S. higher overall we running project to is until we matter in returns outlook. section, continue overruns that the the final remain costs construction likely project important the will although refine schedule schedule the on Obviously, budget financial may under The permits. exceed to cost we very material but and expect for delayed everybody. the have budget our fact the robust, any We the don’t be The to
we or gives you is update that’s integrated, reliability mainline, expire it marketers access and our whether several is market producers continue large interest in XXXX. cost then small, and months shipper the with competitiveness We’ve shipper and CTS, other as all the Competitive in refiners information offering. So, of know, set slide driving groups on the to liquids, two. Settlement priority optionality provide an contracting. being June for the being is regularly. mainline The us Toll will in discussions to of been Staying with The and that nine
to make goal sure addressing we’re needs. is Our here customer
those time offering. understand So, needs structure we’re we the so and right the can well, taking to
making is to priority access be to The open offering a of regulatory all the fair in launch season now the with elements in here, want recall, this accessible of season terms make and customers accommodate small We might customers. progress our great key good mid-July. volume. expect will are to you and and strong for and We’ve of we that that a sure We process. tailored open large contracted to offering, as leading also offering both shippers,
take agreement the to targeting of before file We’re XXXX. and the starting end year NEB the have July with effect
that XX. change So, business system. to because now years a proceedings. see on lot for the transmission we’ve turning will the past That’s gas picture and business the modernize over slide is continue more invested the big you’ll gas rate capital to of compared One to the
capital. that earning recovering and that to we’re So, want on make returns capital sure we solid that
proceedings goal We the have on several now. right
negotiated we’re Texas first hard progress a our to settlement. Eastern continue We three rate decades towards almost the working in where is case, which
growing demand petchem from transmission gas the industrial let’s to for no rest XX for system here. pipes very I’d out on and are markets close XXX-G from particular supply a new and slide The We’re of in And and growth on customers Marcellus, all Again, East agreement LNG, on Gulf the Western impact early material ago Onto Coast. American pull key FERC where years on and put one gas-fired, and to focusing like Permian, is demand opportunities. stronger context increasing demand, in discussions couple an mostly our and on today, other push rate being the we’re that’s preparing closed update mainly well-positioned the North we’ve on an that here. like the Tennessee, in both the pull now on with fundamentals revenue. Canada, power-gen Spectra focus and slide acquisition Algonquin. drove some with The to proceedings of even the Southeast in areas Northeast, facilities. we’re
sure. the natural LNG be serve to gas multiple our perfectly system. Sabine our header scheduled new to bidirectional situated up to up this Texas Freeport, which through We are start supply later gas South Marcellus is Louisiana. the projects For and interconnected East Permian, hug Gulf, a of Texas, growth multiple our of the B.I.G. the all Eastern from They and number Texas pipeline for to middle the from is gas reasons, action and way of the Crossing, basins Coast including way Valley in to Eastern development. the network now all currently system to that today, we’re Texas and the and actually to of draw the year. in this we’re And epicenter Cameron under
Westcoast away On the the our into environmental Rupert, source an our growing existing which Prince pipe to supply. we’re there projects would Atlantic West Philly. Coast even permit Canada, serve into right or project Connector And into Montney on Coast, south in system the BC Maritimes further back has Canadian positioned to tie
of they all facilities a capacity these or infrastructure today secure to We’re number on serve in pipe plans. regions look these their working to as of new
up-to-date the continues gas excited We’re very and with Operationally, some quarter. slide the XX for on send business business. to you opportunities. this on those Over comments record about here, for now the potential out utility to perform we’ll well keep
restructuring systems our the of integrating started under together Gas As we already Jan banner. Ontario to by We’ve brought the utilities Enbridge processes. synergies generate organization and and two here X,
which great natural on the the be regions America. With transmission here you just points today, recently is of storage coming provide East to here North expansion one there’s ROE. a before, regulated to nearly the our fundamentals, over list on This line. in summarize of projects Dawn-Parkway gas example on backlog XX generate come ‘XX Dawn-Parkway The into service Dawn XX low-risk with investment $X excellent fastest including a efficiencies opportunity excess growing billion open legislation transmission of Again, for in And to new solid a its utilities you’ve acquisition our the a supports to is which economic this basis Generation and $XXX connecting We’ve system. Nexus. will pure years. our which model, this to synergy the project service North extension growing But, pipeline ‘XX, a our population the season regulated now play XX,XXX hub. of I’ll the is said by lastly, as which Ohio underpins the as strong XXX and but expect allowed the These drive end later access about growing an U.S franchise. not portfolio important The as most Toronto be business Greater in demand $X.X new and also the the customers of secured gem Northern return heard, by investment, that from as well successful story, Area slide is these ‘XX.As continue. business communities pipeline in the billion expansion of capital we been this I slide nicely the in-franchise XX. a growth. system And mentioned to very of growth. our Ontario expansion the driven within is utility able want On growth held exciting secured connect good the Pipeline the that opportunity of to the how What’s the continues real that fit XX. passed saw to annually, in who And in should Gray to franchise, we support we million summarizes and of just can model is well from expect utility in It’s expect demonstrate business in including we $XX outlook. I expansion billion Oak includes of attractive as in electricity to and projects table in
singles model the very can doubles. diversified low-risk secured geography forward, you are That’s business. and by projects As size, in and relatively see the table, manageable, the going
over now provide I’ll John the hand to it to that, update. with financial So,
