Nov 8 (Reuters) - Enbridge Inc ENB.TO :
* . REPORTS STRONG THIRD QUARTER 2019 RESULTS
* Q3 ADJUSTED EARNINGS PER SHARE C$0.56
* Q3 EARNINGS PER SHARE ESTIMATE C$0.52 -- REFINITIV IBES DATA
* Q3 GAAP EARNINGS PER SHARE C$0.47
* DISTRIBUTABLE CASH FLOW OF $2,105 MILLION FOR Q3 OF 2019, COMPARED TO $1,585 MILLION FOR Q3 OF 2018
* IN LIQUIDS PIPELINES, REACHED COMMERCIAL AGREEMENT TO PLACE CANADIAN PORTION OF LINE 3 REPLACEMENT PROJECT INTO SERVICE LATER THIS YEAR
* LIQUIDS PIPELINES IS ALSO MOVING FORWARD WITH AROUND 100 KBPD OF OPTIMIZATIONS
* ON LIQUIDS MAINLINE CONTRACT OFFERING, CONTINUE TO HAVE STRONG SUPPORT FOR A PRIORITY ACCESS OFFERING FROM SHIPPERS
* PLAN TO FILE AN APPLICATION TO REGULATOR AS SOON AS PRACTICAL ON LIQUIDS MAINLINE CONTRACT OFFERING
* PLANS TO MOVE AHEAD TO PLACE CANADIAN SEGMENT OF LINE 3 REPLACEMENT IN SERVICE ON DECEMBER 1, 2019
* CAPITAL COST FOR LINE 3 REPLACEMENT PROJECT CAME IN SLIGHTLY BELOW BUDGET IN CANADA
* ENBRIDGE - ANTICIPATE SEVERAL PROJECTS WILL BE PLACED INTO SERVICE IN 2019, INCLUDING $0.7 BILLION INVESTMENT IN GRAY OAK PIPELINE
* GRAY OAK PIPELINE IS ON TRACK FOR COMPLETION BY END OF YEAR
* DEPENDING ON FINAL IN-SERVICE DATE, THERE IS A RISK THAT LINE 3 REPLACEMENT PROJECT MAY EXCEED TOTAL COST ESTIMATE OF $9 BILLION
* HAS NOW RECEIVED TOTAL PROCEEDS OF $6.1 BILLION, INCLUDING $0.4 BILLION FROM CLOSING OF SALE OF ENBRIDGE GAS NEW BRUNSWICK ON OCTOBER 1, 2019
* ANTICIPATES REMAINING PROCEEDS RELATED TO CLOSE OF CER REGULATED CANADIAN GAS GATHERING AND PROCESSING ASSETS IN Q4 OF 2019
* AT THIS TIME, DOES NOT ANTICIPATE ANY CAPITAL COST IMPACTS THAT WOULD BE MATERIAL TO FINANCIAL POSITION, OUTLOOK
* ENBRIDGE, ON LINE 3 REPLACEMENT, SAYS CANNOT DETERMINE WHEN ALL NECESSARY PERMITS WILL BE ISSUED PENDING RECEIPT OF FURTHER INFORMATION FROM MPUC
* PLANS TO FILE AN APPLICATION TO CER SEEKING APPROVAL OF A FIRM SERVICE OFFERING AS SOON AS PRACTICAL
* GUY JARVIS, EXECUTIVE VP, LIQUIDS PIPELINES, HAS DECIDED TO RETIRE AT END OF FEBRUARY 2020
* THERE IS A RISK THAT LINE 3 REPLACEMENT PROJECT MAY EXCEED CO'S TOTAL COST ESTIMATE OF $9 BILLION