Can Enbridge maintain its pattern of historical growth?
We are confident that we can continue to generate superior returns to shareholders based on a projected 10% plus average growth rate on EPS from 2008 – 2012. Enbridge has an enviable track record of delivering long term value to investors in tough markets. Our strategies reinforce our investor value proposition – a unique combination of visible growth, predictable earnings and low risk which we believe will serve us well particularly in times of volatility. While the successful execution of our strategies will not be without challenges, we are confident in our future and our ability to achieve the growth trajectory that we have charted and sustain Enbridge’s winning value proposition. Beyond 2012, it is now clear that a slowdown in upstream oilsands development activity will delay a portion of our longer term Liquids Pipelines growth projects. However, shippers are continuing to express interest in a number of projects required by 2012-2013 to support selected oil sands projects which
