BRIEF-Enbridge reports Q1 adjusted earnings of $0.76 per share

Thu May 12, 2016 7:14am EDT
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May 12 (Reuters) - Enbridge Inc

* Enbridge working to restart regional oil sands pipelines as risk from wildfires in northeastern Alberta moderates

* Since shutdown of Enbridge's facilities, deliveries from co's regional oil sands pipelines reduced by about 900,000 barrels per day

* Currently expects that system capacity will be restored over the next few days subject to ongoing access to facilities

* On may 10, 2016, Enbridge announced acquisition of a 50% interest in EMF, a french offshore wind development company, for $282 million

* Impact of the wildfires on the financial performance of the company cannot be accurately estimated at this time

* Upon closing of deal, Enbridge,EDF en to co-develop 3 large-scale offshore wind farms that would produce a combined 1,428 (MW) of power

* Disruption of service on regional oil sands and downstream pipelines not expected to significantly impact financial performance in 2016

* Commencing with q1 of 2016, Enbridge has adopted a new financial reporting format   Continued...