Liquids Business
In 2008, Stage 1 of the Southern Access Expansion of
the Partnership’s Lakehead System was completed, and
Phase VI of the expansion of the Partnership’s North
Dakota System was launched. The Partnership and its
general partner, Enbridge Inc., are continuing work on
projects that will increase deliveries of crude oil to U.S.
refineries from the Canadian oil sands regions as well
as from the expanding Bakken Play in North Dakota,
eastern Montana and southern Saskatchewan.
The Partnership’s Liquids segment recorded a boost in operating revenue from
$548.1 million in 2007 to $773.1 million in 2008 – a $225 million increase –
largely attributable to the completion of two significant capacity expansion
projects along with higher volumes transported on the Partnership’s Liquids
systems. These were partially offset by higher power, operating and
administrative costs, and depreciation.