Renewable Power Generation adjusted EBITDA increased $11 million compared to the third quarter of 2019 primarily due to: Energy Services adjusted EBITDA decreased $137 million compared to the third quarter of 2019 as a result of significant compression of location and quality differentials in certain markets which led to fewer opportunities to achieve profitable margins on capacity obligations. APPENDIX A “We look forward to sharing our outlook on energy fundamentals and our approach to the business going forward at our virtual Investor Day scheduled for December 8, 2020,” concluded Mr. Monaco. Three additional rate proceedings on East Tennessee, Alliance and the Maritimes & Northeast US systems were filed in the second quarter and are progressing on schedule. The magnitude of the seasonal EBITDA fluctuations will vary from year-to-year reflecting the impact of colder or warmer than normal weather on distribution volumes. The quarterly dividend per share paid on Series 11 was decreased to $0.24613 from $0.275 on March 1, 2020, due to the reset of the annual dividend on March 1, 2020, and every five years thereafter. The Company expects to generate DCF per share near the mid-point of its original guidance range of $4.50 to $4.80. Heating degree days is a measure of coldness that is indicative of volumetric requirements for natural gas utilized for heating purposes in EGI’s distribution franchise areas. Schedules reconciling adjusted EBITDA are available as Appendices to this news release. The most relevant assumptions associated with forward-looking statements regarding announced projects and projects under construction, including estimated completion dates and expected capital expenditures, include the following: the availability and price of labour and construction materials; the effects of inflation and foreign exchange rates on labour and material costs; the effects of interest rates on borrowing costs; the impact of weather and customer, government and regulatory approvals on construction and in-service schedules and cost recovery regimes; and the COVID-19 pandemic and the duration and impact thereof. Due to the interdependencies and correlation of these macroeconomic factors, the impact of any one assumption on a forward-looking statement cannot be determined with certainty, particularly with respect to expected EBITDA, expected adjusted EBITDA, expected earnings/(loss), expected adjusted earnings/(loss), expected DCF and associated per share amounts, and estimated future dividends. Detailed segmented financial information and analysis for the third quarter of 2020 can be found below under Adjusted EBITDA by Segments. “Each of our core businesses performed well in the third quarter. The Canadian portion of the Mainline represents approximately 45% of total Mainline System revenue and the average effective FX rate for the Canadian portion of the Mainline during the third quarter of 2020 was C$1.20/US$ (Q3 2019: C$1.19/US$). Pipeline systems, resulting in good outcomes for both Enbridge and shippers, further advancing the Company’s strategy to ensure fair and timely cost recovery. The period-over-period comparability of earnings attributable to common shareholders was impacted by certain unusual, infrequent factors or other non-operating factors, which are noted in the reconciliation schedule included in Appendix A of this news release. Enbridge's DCF in the first quarter of 2020 includes DCP's distribution from the fourth quarter of 2019 which was declared and paid prior to the … Gas Transmission and Midstream Pressure Restrictions. The Company expects an oral hearing to occur sometime after April 2021, but a hearing date has not yet been set. Thank you, Patrice. Mainline volumes are recovering in line with the outlook issued in May and are projected to be 100-300kbpd lower than the Company’s pre-COVID19 expectations for the fourth quarter. lower Mainline System throughput, with ex-. As part of Enbridge’s agreement with the State of Michigan, the Company plans to replace the existing Line 5 dual pipelines at the Straits with a single pipeline encapsulated inside a state-of-the-art tunnel under the Straits. The offsetting hedge settlements are reported within Eliminations and Other. Enbridge Inc. (ENB.TO) last posted its quarterly earnings data on November 6th, 2020. For purposes of evaluating performance, the Company makes adjustments for unusual, infrequent or other non-operating factors to GAAP reported earnings, segment EBITDA, and cash flow provided by operating activities, which allow Management and investors to more accurately compare the Company’s performance across periods, normalizing for factors that are not indicative of underlying business performance. Proceeds were used to redeem US$300 million senior notes due December 2020. To download documents individually, use the PDF links. 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