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Finance committee  As an employee of the company, I'm quite pleased with our response to the incidents and our track record in Canada and the U.S.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  The cause of the leak.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  It was our pipeline.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  There was an incident in Illinois, yes.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  That is still under investigation, yes.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  That's our liquids pipeline group. I don't work for that group, but there are a number of pipelines under development.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  I would have to defer that question to our liquids pipeline group, but I will say that the opportunities for investment in new energy infrastructure to make both fossil and renewable energy supplies cleaner and more efficient will be beneficial to Canada.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  The company is one and the same. We've made a mess in people's backyards in Michigan, and we are in the process of correcting that while we continue to advance energy infrastructure development throughout North America.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  Our CEO has presented to the U.S. government. That's on record. I'm here today to represent our interests on clean technology and the investment opportunities for Canadian companies, including Enbridge, by investing in these systems.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  To put it into perspective, with just this one concept or innovation that Enbridge has advanced, we believe in our own pipeline network we would have 30 megawatts, or about 15 times what we've built already, in the next five years. The opportunity in the U.S. is probably tenfold--we believe it to be about 300 megawatts--and clearly the technology just starts to go up on that hockey-stick type curve.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  We would offer that energy in general should be used more efficiently and through less polluting technologies, and that's where some of what we've outlined today comes into play. So the opportunity in the near term for reducing greenhouse gases and pollutants is likely greatest just by energy efficiency alone.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  From a cost perspective, I'd suggest the technology today is where the wind industry was about five-plus years ago. It's still early, but there are rapidly declining costs. On a cents-per-kilowatt-hour basis, some will range around 14ยข a kilowatt hour. Clearly it's more than brown power rates, but it's by no means what's needed for solar PV and some of the other solutions.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  I would suggest that Canada has been very supportive at the early R and D stage. Quite frankly, there's some leadership in this country. Where we clearly struggle is with moving this to the mainstream commercialized opportunities. We have manufacturers in Mississauga; part of our fuel cell plant was built in Burlington, Ontario; and we have heat-to-power manufacturers in Alberta and Ontario.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  U.S. energy policy offers an investment tax credit of $3,000 per kilowatt, or 30% of the cost, whichever is less. Canada could benefit by harmonizing some of the tax policies with the U.S. to maintain competitive investment climates for clean technology. Harmonizing energy, environment, and tax policies can assist in developing economic advantage and a culture of innovation.

October 27th, 2010Committee meeting

David Teichroeb

Finance committee  Good afternoon. I represent Enbridge Inc., a Canadian leader in energy transportation and distribution. Our green energy footprint exceeds 850 megawatts of wind, solar, geothermal, fuel cell, and heat-to-power systems. We believe our pre-budget submission aligns with Canadian energy and environmental policies.

October 27th, 2010Committee meeting

David Teichroeb