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Men laying a pipeline with caption As We Sow So Shall We Reap

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.