Enbridge Income Fund Holdings Inc. said Wednesday that it earned $6.8-million in the second quarter.
That amounted to $0.27 per share for the three-month period, the second full quarter that the fund has reported since a restructuring was completed in December. Enbridge's earnings were also little changed from the first quarter.
Enbridge Income Fund Holdings owns an investment in Enbridge Income Fund, which, in turn, owns pipelines forming the Saskatchewan System as well as 50 per cent interests in the Canadian portion of the Alliance pipeline, the NRGreen Limited Partnership and the Sunbridge wind project.
Enbridge Income Fund also owns 33 per cent interests in the Magrath and Chin Chute wind projects.
"We believe the fund's growth prospects are strong," said John Whelen, president of Enbridge Income Fund Holdings.
"Our most recent projections of production growth in North Dakota suggest that there may be opportunity to further increase the capacity of the facilities planned to transport Bakken crude."
Enbridge Inc. , operator of the world's longest crude oil pipeline network and Canada's largest natural gas distribution company, owns 72 per cent of the income fund.
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