Aug 3 (Reuters) - Veresen Inc VSN.TO
* Veresen announces enhanced funding strategy through pursuing sale of power business and the suspension of drip, second quarter financial results and increased guidance
* Q2 adjusted earnings per share C$0.04
* Q2 earnings per share view C$0.06 -- Thomson Reuters I/B/E/S
* Has engaged TD Securities inc. As company's sole financial advisor on divestiture of power business
* Veresen's board of directors has confirmed annualized dividend rate of $1.00 per common share
* Has elected to suspend premium dividend and dividend reinvestment plan beginning with august 2016 dividend
* Proceeds will be invested to develop inventory of contracted capital projects in core natural gas and ngl infrastructure business
* Has increased its 2016 distributable cash guidance to be in range of $1.03 per common share to $1.13 per common share Source text for Eikon: ID:nMKWwBjtDa Further company coverage: VSN.TO