Enbridge Companies

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Glossary

A

ABCA
Business Corporations Act
ACCIONA Energy
(Acciona Wind Energy Canada Inc.) is a global leader in the development, construction, operation and maintenance of wind power facilities
Administration Agreement
The Amended and Restated Administrative Services Agreement dated December 17, 2010.
Alliance
The Alliance pipeline system - Alliance Canada and Alliance U.S.
Alliance Canada
The Canadian portion of the Alliance pipeline system
Alliance System
Approximately 3,000 km integrated, high-pressure, natural gas transmission pipeline system extending from near Gordondale, Alberta, to delivery points near Chicago, Illinois; approximately 730 km of lateral pipelines located in supply areas in the northwestern Alberta; and northeastern British Columbia portions of the WCSB and related infrastructure
Alliance US
Alliance Pipeline L.P., a Delaware limited partnership, which owns the Alliance US Pipeline
Alliance US Pipeline
The U.S. portion of the Alliance System
Arrangement
Arrangement pursuant under section Section 193 of the Business Corporations Act (Alberta) among Enbridge Income Fund, Enbridge Commercial Trust, the Manager, Enbridge Inc., Unitholders and Enbridge Income Fund Holdings Inc. providing for the exchange of all of the Trust Units except for 9,500,000 Trust Units held by Enbridge Inc.,into Enbridge Income Fund Holdings Inc. shares and certain other matters, and which became effective on December 17, 2010
Asset
The physical or monetary holdings that contribute to the over all financial health of the Enbridge Income Fund.
Audit Committee
Committees of the Enbridge Commercial Trust board of Trustees
Authorized Overrun Service or AOS
Pro rata share of additional transportation capacity on the Alliance System expected by Alliance Canada to be available from time to time (above the system's firm transportation capacity of 1,325 mmcf/d), which shippers have a right to use for no additional cost other than the costs of the associated fuel requirements

B

bcf/d
Billions of cubic feet of natural gas per day
bcfe
Billions of cubic feet equivalent
Board
The Board of directors of Enbridge Income Fund Holdings
bpd
Barrels per day
BTU (British Thermal Unit)
Used to measure the output of most heating systems — one BTU is the energy required to raise the temperature of one pound of water by one degree Fahrenheit.

C

Capacity Factor (net)
Ratio of the actual output of a power plant over a period of time and its potential output if it had operated at full nameplate capacity the entire time
Capital Expenditure Reserve
Money that is in reserve for foreseeable capital expenditures of the business as is determined by the Manager or the Trustees
CCEMC
The Climate Change and Emissions Management Corporation
Certificate
Confirmation of filing to be issued by the Registrar pursuant to subsection 193(11) of the ABCA giving effect to the Arrangement
Chin Chute Wind Project
The 30 MW wind project located near Taber, Alberta
CIBC Mellon
CIBC Mellon Trust Company
Combined Total Unit
The total number of Fund Units and Preferred Units issued in any particular distribution period and outstanding at the distribution record date for that period
Common Shares
Common shares is the share capital of the Enbridge Income Fund Holdings Inc.
Common Unit Holder/Holder of Common Units
The person whose name appears on a Register as a holder of Common Units
Company (the)
Enbridge Income Fund Holdings Inc.
Common Units
Class of trust units of the Trust created and designated as Common Units
Contracted Capacity
Daily volume which a Shipper has agreed to ship a commodity of product on a firm basis and pay demand charges
Corporate Governance
The system by which corporations are direct and controlled
CPI
Canadian Consumers' Price Index
CRA
Canada Revenue Agency
Cruickshank Wind Farm
The 8.25 MW wind power farm located near the shores of Lake Huron in Bruce County, Ontario

D

DBRS
Dominion Bond Rating Service Limited
Distribution
Refers to the frequency and method by which dividends are provided to shareholders.
Distribution Payment Date
To be the 15th day of the month that immediately follows a distribution period and other dates determined by the Trustees or the Manager
Distribution Record Date
The last business day in each distribution period and other dates determined by the Trustees or the Manager
Dividend
A payment made by a corporation to its shareholder members. People who own EIFH stock or participate in the DRIP plan receive dividends
DRIP
Dividend Reinvestment Plan (DRIP) Distribution Reinvestment and Share Purchase Plan of Enbridge Income Fund Holdings Inc.

E

ECT
Enbridge Commercial Trust, an unincorporated Alberta trust, which owns and operates the operating entities of the Company.
ECT Audit Committee
The audit committee of the ECT board of trustees
ECT Preferred Units
The units of ECT designated as "Preferred Units", issuable in series under the ECT Trust Indenture.
ECT Trust Indenture
The Trust indenture dated December 20, 2002, to which ECT was established, last amended and restated on October 21, 2011
ECT Trustees
The trustees of ECT from time to time
ECT Unitholder
A holder of an ECT Unit and/or an ECT Preferred Unit
ECT Units
The units of ECT designated as common units pursuant to the ECT Trust Indenture
EEP
Enbridge Energy Partners, L.P., a New York Stock Exchange-listed Delaware limited partnership of which Enbridge Inc. owns, directly and indirectly.
EIFH
Enbridge Income Fund Holdings Inc., an Alberta corporation
EIFH Shares
Common shares in the share capital of Enbridge Income Fund Holdings Inc.
EIPGP
Enbridge Income Partners GP Inc., a Canadian corporation, EIPLP’s general partner
EIPGP Services Agreement
The June 30, 2003 services agreement between the Manager and EIPGP in which the Manager agrees to provide management and administrative services to EIPGP
EIPLP
Enbridge Income Partners LP, an Alberta limited partnership
EIPLP Limited Partnership Agreement
December 17, 2010 Limited Partnership Agreement among EIPGP, as general partner; and ECT, as the initial limited partner; and each person who is admitted as an additional limited partner of EIPLP
Enbridge
Enbridge Inc. is a Canadian corporation whose common shares trade on the Toronto Stock Exchange in Canada and on the New York Stock Exchange in the U.S. under the trading symbol ENB
Enbridge Saskatchewan
Enbridge Pipelines (Saskatchewan) Inc., a Saskatchewan corporation
ENF
Stock symbol and commonly used abbreviation for Enbridge Income Fund Holdings Inc.
eRRP
ecoENERGY for Renewable Power Program, a Canadian federal government program promoting alternative power sources by providing an incentive of about one cent per kilowatt-hour of electricity produced by qualifying wind energy facilities for a ten-year period

F

First Solar
First Solar Development (Canada) Inc
Fuel Requirements
Natural gas that is either consumed as fuel or "lost or unaccounted for" in the ordinary course of transmission operations of the Alliance System
Fund AIF
The Annual Information Form of ENF for the year ended December 31, 2011
Fund Delegation Agreement
Amended and restated on December 17, 2010, among ENF, the ENF Trustee and ECT in which the Fund Trustee delegated certain of its powers and duties to ECT
Fund Trust Indenture
The trust indenture dated May 22, 2003, in which the Fund was established, last amended and restated on December 17, 2010
Fund Trustee
The trustee of the Fund, currently CIBC Mellon
Fund Units
The units designated in the Fund Trust Indenture as ordinary units of the Fund
The Fund
The Enbridge Income Fund, an unincorporated open-ended trust established under the laws of Alberta and includes ECT and the other entities owned directly or indirectly by ECT

G

Gas Processing Facility
The facility in which a process separates wet components such as condensate, ethane, propane, butane and naphtha, which are then shipped to customers around the world.
Governance
(Corporate Governance) A generic term that describes the ways in which rights and responsibilities are shared between the various corporate participants, especially the management and the shareholders.
Green Power
The Fund’s 100-per cent interest in each of the Sarnia Solar Project, the Talbot Wind Project and the Ontario Wind Project;, its 50-per cent interest in each of NRGreen Power Limited Partnership and the SunBridge Wind Power Project; and its 33-per cent interest in each of the Magrath and Chin Chute Wind Power Projects

I

Investment Grade Rating
A rating equal to or higher than the following: Baa3 from Moody's; BBB from S&P; or BBB from DBRS
IRFS
IRFS – International Financial Reporting Standards, the accounting standards followed by Enbridge Income Fund Holdings Inc.

K

kbpd
Thousand barrels per day
Kincardine Wind Farm
The 181.5-MW wind power farm located near the shores of Lake Huron in Bruce County, Ontario

M

Magrath Wind Project
The 30-MW wind power project located near Magrath, Alberta
Management Agreement
The Management Agreement amended and restated on December 17, 2010, between the Manager and ECT in which the Manager provides management services to ECT
Manager
Enbridge Management Services Inc., a Canadian corporation
Medium Term Notes (MTN)
Unsecured term notes issued by the Fund with maturity dates not less than one year from the date of issue at prices and on terms determined at the time of issue
MIC
Management Information Circular: notice of meeting and management information circular
mmcf/d
Millions of cubic feet of natural gas per day
Moody's
Moody's Investor Service, Inc
MW
Megawatt, a unit of power equal to one million watts
MWh
Megawatt per hour

N

NEB
The National Energy Board of Canada
NGL/NGLS
Natural gas liquids comprising ethane, propane, normal butane, isobutane and pentanes and any substances that are incidentally recovered on extraction from natural gas
NRGreen
NRGreen Power Limited Partnership, an Alberta limited partnership

O

Ontario Renewables Services Agreement
October 21, 2011, Intercorporate Services Agreement made among the Manager, Enbridge Inc., Enbridge Renewable Energy Infrastructure Canada Inc., Talbot Windfarm GP Inc., Enbridge Renewable Energy Infrastructure Limited Partnership and Talbot Windfarm, LP in which Enbridge provides administrative, management and operational services for the Sarnia Solar Project, the Ontario Wind Project and the Talbot Wind Project
Ontario Wind Project
The Kincardine Wind Farm and the Cruickshank Wind Farm
Ontario Power Authority (OPA)
An independent, non-profit corporation licensed by the Ontario Energy Board that reports to the
Ordinary Resolution
A resolution passed by more than 50 per cent of the votes cast, either in person or by proxy, at a duly constituted meeting of Unitholders or ECT Unitholders

P

Photovalic
A method of generating electrical power by converting solar radiation into direct current electricity using semiconductors that exhibit the photovoltaic effect
Power Purchase Agreement (PPA)
A contract between two parties — one who generates electricity for the purpose of sale (the seller) and one who is looking to purchase electricity (the buyer) — that defines all of the commercial terms for the sale of electricity between the two parties, including when the project will begin commercial operation, schedule for delivery of electricity, penalties for under delivery, payment terms, and termination.
Pre-approval Policy
Find the definition under Fund Trustees, Audit Committee and Management – Audit Committee Disclosure – Pre-Approval Policies and Procedures
Preferred Units
Class of trust units of the Trust created and designated as Preferred Units.
Perferred Unitholder/Holder of Preferred Units
A person whose name appears on a Register as a holder of Preferred Units

R

Renewable Assets Acquisition
Acquisition by indirect wholly owned subsidiaries of the Fund of 100 per cent of the ownership interests in the entities which own the Sarnia Solar Project, the Talbot Wind Project and the Ontario Wind Project from direct and indirect wholly-owned subsidiaries of Enbridge
RESOP
The Renewable Energy Standard Offer Program of the Government of Ontario

S

Sarnia Solar Project
The 80-MW solar project located in Sarnia, Ontario
Saskatchewan Gathering System
The crude oil and liquids pipeline gathering system that is owned directly by Enbridge Saskatchewan
Saskatchewan Services Agreement
June 30, 2003, Services agreement among the Manager, ESOSI and Enbridge Saskatchewan
Saskatchewan System
The crude oil and liquids pipeline system comprising four principal assets: the Saskatchewan Gathering System, the Westspur System, the Weyburn System and the Virden System, which collectively comprise approximately 420 km of trunk line, approximately 1,900 km of gathering system pipeline and related terminals and storage facilities
SaskPower
The Saskatchewan Power Corporation
SEDAR
A document filing and retrieval system that all publicly traded companies in Canada must use to file financial statements and prospectuses, which are available to the public
Services Agreements
The Administration Agreement, the Management Agreement, the EIPGP Services Agreement and the Saskatchewan Services Agreement
SGER
The Specified Gas Emitters Regulation, a regulation under the Climate Change and Emissions Management Act (Alberta)
Shareholder
Holder of Common Shares and/or the Special Voting Share
Shippers
The oil and natural gas exploration, production, pipeline, aggregator, local distribution and marketing companies that have contracted for natural gas transportation service on the Alliance System or that transport crude oil or natural gas liquids on the Saskatchewan System
SIFT
A specified investment flow through trust or partnership, as defined in the Canadian Tax Act;
SIFT Rules
Legislative provisions governing the taxation of SIFT trusts and SIFT partnerships and their Unitholders or partners, enacted by the Minister of Finance (Canada) on June 22, 2007
SMER
Saskatchewan Ministry of Energy and Resources
S&P
Standard & Poor's Ratings Services, a division of The McGraw Hill Companies, Inc
Special Resolution
A resolution passed by more than 66 23 per cent of the votes cast, either in person or by proxy, at a duly constituted meeting of Unitholders or ECT Unitholders
Special Voting Share
Special voting share in the share capital of Enbridge Income Fund Holdings Inc.
SunBridge Wind Project
The 11-MW wind power project located near Gull Lake, Saskatchewan

T

Talbot Wind Project
The 98.9-MW wind power project located near the shores of Lake Erie near Chattam, Ontario
Tax Act
Income Tax Act(Canada)
Treasury Issuance Option
See Description of Share Capital – Dividend Reinvestment and Share Purchase Plan
Trust Units
A unit designated in the Fund Trust Indenture as an ordinary unit of the Fund
TSA
Transportation service agreements with individual shippers
TSX
The Toronto Stock Exchange

U

Unitholder
A holder of a Trust Unit
US GAAP
US GAAP – United States generally accepted accounting principles, the accounting standards followed by Enbridge Income Fund

V

Vestas
Vestas Canadian Wind Technology, Inc
Virden System
The crude oil and liquids pipeline gathering system owned by Enbridge Pipelines (Virden) Inc., a Saskatchewan corporation

W

WCSB
The Western Canada Sedimentary Basin
Westspur System
The crude oil and liquids pipeline feeder system owned by Westspur
Weyburn System
The crude oil and liquids pipeline gathering system owned by Weyburn
Wind Power
Consists of ENF's interests in the Talbot Wind Project, the Ontario Wind Project, the SunBridge Wind Project, the Chin Chute Wind Project and the Magrath Wind Project
WPPI
Refers to the Wind Power Production Incentive, a Canadian federal government program promoting wind power electricity generation by providing an incentive of about one cent per kilowatt-hour of electricity produced by qualifying wind energy facilities for a ten-year period