XML 78 R28.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

SHARE CAPITAL | 12 Months Ended
--- | ---
Dec. 31, 2019
Equity [Abstract] |
SHARE CAPITAL | SHARE CAPITAL Our authorized share capital consists of an unlimited number of common shares with no par value and an unlimited number of preference shares. COMMON SHARES
| 2019 | 2018 | 2017
| Number |  |  | Number |  |  | Number |  |
December 31, | of Shares |  | Amount |  | of Shares |  | Amount |  | of Shares |  | Amount |
(millions of Canadian dollars; number of shares in millions) |  |  |  |  |  |
Balance at beginning of year | 2,022 |  | 64,677 |  | 1,695 |  | 50,737 |  | 943 |  | 10,492 |
Common shares issued | — |  | — |  | — |  | — |  | 33 |  | 1,500 |
Common shares issued in Merger Transaction (Note 8) | — |  | — |  | — |  | — |  | 691 |  | 37,429 |
Common shares issued in Sponsored Vehicle buy-in (SEP) (Note 20) | — |  | — |  | 91 |  | 3,888 |  | — |  | — |
Common shares issued in Sponsored Vehicle buy-in (EEP) (Note 20) | — |  | — |  | 72 |  | 3,042 |  | — |  | — |
Common shares issued in Sponsored Vehicle buy-in (EEM) (Note 20) | — |  | — |  | 30 |  | 1,267 |  | — |  | — |
Common shares issued in Sponsored Vehicle buy-in (ENF) (Note 20) | — |  | — |  | 104 |  | 4,530 |  | — |  | — |
Dividend Reinvestment and Share Purchase Plan | — |  | — |  | 28 |  | 1,181 |  | 25 |  | 1,226 |
Shares issued on exercise of stock options | 3 |  | 69 |  | 2 |  | 32 |  | 3 |  | 90 |
Balance at end of year | 2,025 |  | 64,746 |  | 2,022 |  | 64,677 |  | 1,695 |  | 50,737 |
PREFERENCE SHARES
| 2019 | 2018 | 2017
| Number |  |  | Number |  |  | Number |  |
December 31, | of Shares |  | Amount |  | of Shares |  | Amount |  | of Shares |  | Amount |
(millions of Canadian dollars; number of shares in millions) |  |  |  |  |  |
Preference Shares, Series A | 5 |  | 125 |  | 5 |  | 125 |  | 5 |  | 125 |
Preference Shares, Series B | 18 |  | 457 |  | 18 |  | 457 |  | 18 |  | 457 |
Preference Shares, Series C | 2 |  | 43 |  | 2 |  | 43 |  | 2 |  | 43 |
Preference Shares, Series D | 18 |  | 450 |  | 18 |  | 450 |  | 18 |  | 450 |
Preference Shares, Series F | 20 |  | 500 |  | 20 |  | 500 |  | 20 |  | 500 |
Preference Shares, Series H | 14 |  | 350 |  | 14 |  | 350 |  | 14 |  | 350 |
Preference Shares, Series J | 8 |  | 199 |  | 8 |  | 199 |  | 8 |  | 199 |
Preference Shares, Series L | 16 |  | 411 |  | 16 |  | 411 |  | 16 |  | 411 |
Preference Shares, Series N | 18 |  | 450 |  | 18 |  | 450 |  | 18 |  | 450 |
Preference Shares, Series P | 16 |  | 400 |  | 16 |  | 400 |  | 16 |  | 400 |
Preference Shares, Series R | 16 |  | 400 |  | 16 |  | 400 |  | 16 |  | 400 |
Preference Shares, Series 1 | 16 |  | 411 |  | 16 |  | 411 |  | 16 |  | 411 |
Preference Shares, Series 3 | 24 |  | 600 |  | 24 |  | 600 |  | 24 |  | 600 |
Preference Shares, Series 5 | 8 |  | 206 |  | 8 |  | 206 |  | 8 |  | 206 |
Preference Shares, Series 7 | 10 |  | 250 |  | 10 |  | 250 |  | 10 |  | 250 |
Preference Shares, Series 9 | 11 |  | 275 |  | 11 |  | 275 |  | 11 |  | 275 |
Preference Shares, Series 11 | 20 |  | 500 |  | 20 |  | 500 |  | 20 |  | 500 |
Preference Shares, Series 13 | 14 |  | 350 |  | 14 |  | 350 |  | 14 |  | 350 |
Preference Shares, Series 15 | 11 |  | 275 |  | 11 |  | 275 |  | 11 |  | 275 |
Preference Shares, Series 17 | 30 |  | 750 |  | 30 |  | 750 |  | 30 |  | 750 |
Preference Shares, Series 19 | 20 |  | 500 |  | 20 |  | 500 |  | 20 |  | 500 |
Issuance costs |  | (155 | ) |  | (155 | ) |  | (155 | )
Balance at end of year |  |  | 7,747 |  |  | 7,747 |  |  | 7,747 |
Characteristics of the preference shares are as follows:
| Dividend Rate |  | Dividend 1 |  | Per Share Base Redemption Value 2 | Redemption and Conversion Option Date 2,3 |  | Right to Convert Into 3,4 |
(Canadian dollars unless otherwise stated) |  |  |  |
Preference Shares, Series A | 5.50 | % | $1.37500 | $25 | — |  | — |
Preference Shares, Series B | 3.42 | % | $0.85360 | $25 | June 1, 2022 |  | Series C |
Preference Shares, Series C 5 | 3-month treasury bill plus 2.40% |  | — |  | $25 | June 1, 2022 |  | Series B |
Preference Shares, Series D | 4.46 | % | $1.11500 | $25 | March 1, 2023 |  | Series E |
Preference Shares, Series F | 4.69 | % | $1.17224 | $25 | June 1, 2023 |  | Series G |
Preference Shares, Series H | 4.38 | % | $1.09400 | $25 | September 1, 2023 |  | Series I |
Preference Shares, Series J | 4.89 | % | US$1.22160 | US$25 | June 1, 2022 |  | Series K |
Preference Shares, Series L | 4.96 | % | US$1.23972 | US$25 | September 1, 2022 |  | Series M |
Preference Shares, Series N | 5.09 | % | $1.27152 | $25 | December 1, 2023 |  | Series O |
Preference Shares, Series P 6 | 4.38 | % | $1.09476 | $25 | March 1, 2024 |  | Series Q |
Preference Shares, Series R 6 | 4.07 | % | $1.01825 | $25 | June 1, 2024 |  | Series S |
Preference Shares, Series 1 | 5.95 | % | US$1.48728 | US$25 | June 1, 2023 |  | Series 2 |
Preference Shares, Series 3 6 | 3.74 | % | $0.93425 | $25 | September 1, 2024 |  | Series 4 |
Preference Shares, Series 5 6 | 5.38 | % | US$1.34383 | US$25 | March 1, 2024 |  | Series 6 |
Preference Shares, Series 7 6 | 4.45 | % | $1.11224 | $25 | March 1, 2024 |  | Series 8 |
Preference Shares, Series 9 6 | 4.10 | % | $1.02424 | $25 | December 1, 2024 |  | Series 10 |
Preference Shares, Series 11 | 4.40 | % | $1.10000 | $25 | March 1, 2020 |  | Series 12 |
Preference Shares, Series 13 | 4.40 | % | $1.10000 | $25 | June 1, 2020 |  | Series 14 |
Preference Shares, Series 15 | 4.40 | % | $1.10000 | $25 | September 1, 2020 |  | Series 16 |
Preference Shares, Series 17 | 5.15 | % | $1.28750 | $25 | March 1, 2022 |  | Series 18 |
Preference Shares, Series 19 | 4.90 | % | $1.22500 | $25 | March 1, 2023 |  | Series 20 |
1 | The holder is entitled to receive a fixed, cumulative, quarterly preferential dividend, as declared by the Board of Directors. With the exception of Series A and Series C Preference Shares, such fixed dividend rate resets every five years beginning on the initial redemption and conversion option date. The Series 17 and Series 19 Preference Shares contain a feature where the fixed dividend rate, when reset every five years, will not be less than 5.15% and 4.90%, respectively. No other series of Preference Shares has this feature.
2 | Series A Preference Shares may be redeemed any time at our option. For all other series of Preference Shares, we, may at our option, redeem all or a portion of the outstanding Preference Shares for the Base Redemption Value per share plus all accrued and unpaid dividends on the Redemption Option Date and on every fifth anniversary thereafter.
3 | The holder will have the right, subject to certain conditions, to convert their shares into Cumulative Redeemable Preference Shares of a specified series on a one-for-one basis on the Conversion Option Date and every fifth anniversary thereafter at an ascribed issue price equal to the Base Redemption Value.
4 | With the exception of Series A Preference Shares, after the redemption and conversion option dates, holders may elect to receive quarterly floating rate cumulative dividends per share at a rate equal to: $25 x (number of days in quarter/365) x 90 day Government of Canada treasury bill rate + 2.4% (Series C), 2.4% (Series E), 2.5% (Series G), 2.1% (Series I), 2.7% (Series O), 2.5% (Series Q), 2.5% (Series S), 2.4% (Series 4), 2.6% (Series 8), 2.7% (Series 10), 2.6% (Series 12), 2.7% (Series 14), 2.7% (Series 16), 4.1% (Series 18) or 3.2% (Series 20); or US$25 x (number of days in quarter/365) x three-month United States Government treasury bill rate + 3.1% (Series K), 3.2% (Series M), 3.1% (Series 2) or 2.8% (Series 6).
5 | The floating quarterly dividend amount for the Series C Preference Shares was decreased to $0.25395 from $0.25459 on March 1, 2019, was increased to $0.25647 from $0.25395 on June 1, 2019, was decreased to $0.25243 from $0.25647 on September 1, 2019 and was increased to $0.25305 from $0.25243 on December 1, 2019, due to reset on a quarterly basis following the issuance thereof.
6 | No Series P, R, 3, 5, 7 or 9 Preference shares were converted on the March 1, 2019, June 1, 2019, September 1, 2019, March 1, 2019, March 1, 2019 or December 1, 2019 conversion option dates, respectively. However, the quarterly dividend amounts for Series P, R, 3, 5, 7 or 9, was increased to $0.27369 from $0.25000 on March 1, 2019, increased to $0.25456 from $0.25000 on June 1, 2019, decreased to $0.23356 from $0.25000 on September 1, 2019, increased to US$0.33625 from
US$0.27500 on March 1, 2019, increased to $0.27806 from $0.27500 on March 1, 2019 and decreased to $0.25606 from $0.27500 on December 1, 2019, respectively, due to reset on every fifth anniversary thereafter. DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN On November 2, 2018, we announced the suspension of our DRIP, effective immediately. Prior to the announcement, our shareholders were able to participate in the DRIP, which enabled participants to reinvest their dividends in our common shares at a 2% discount to market price and to make additional optional cash payments to purchase common shares at the market price, free of brokerage or other charges. Refer to Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources - Dividends for details on dividends paid. SHAREHOLDER RIGHTS PLAN The Shareholder Rights Plan is designed to encourage the fair treatment of shareholders in connection with any takeover offer for us. Rights issued under the plan become exercisable when a person and any related parties acquires or announces its intention to acquire 20% or more of our outstanding common shares without complying with certain provisions set out in the plan or without approval of our Board of Directors. Should such an acquisition occur, each rights holder, other than the acquiring person and related parties, will have the right to purchase our common shares at a 50% discount to the market price at that time.

X
- Definition The entire disclosure for shareholders' capital, comprised of portions attributable to the parent entity. Including, but not limited to: (1) balances of common stock, preferred stock, other capital; (2) Earning per share; (3) Dividend reinvestment plans; (4) other share related information. + References No definition available. + Details
Name: | enb_ShareCapitalNoteDisclosureTextBlock
Namespace Prefix: | enb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration