TOPIC: The Midcoast Story: $0 to $600 Million in Five Years
SPEAKER: Dan C. Tutcher, president, Enbridge (U.S.) Inc.
DATE: Tuesday, October 9, 2001
TIME: 11:30 am - 1:15 pm
LOCATION: Houston Club, 811 Rusk (New Location)
RSVP: By 5:00 p.m., Friday, October 5, 2001
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When Enbridge (U.S.) Inc. acquired Midcoast Energy Resources, Inc. in May
2001, Midcoast had over 80 pipeline systems in 10 states, the Gulf of
Mexico and Canada, comprising over 4,100 miles of pipe, which were
transporting in excess of 1.25 bcf/d, with total revenues of $800 million
in 2000. Midcoast had grown from $0 to $600 million in just five years in
its industry. So why did Dan Tutcher decide it was time to stop what
Midcoast was doing and merge?
About speaker: Dan C. Tutcher is president of Enbridge (U.S.) Inc.,
president and director of Enbridge Energy Partners, L.P. (formerly Lakehead
Pipe Line Company), and group vice president of Transportation Group South,
wholly owned by Enbridge Inc. Additionally, Mr. Tutcher serves as
president and CEO of Magic Interests, L.P., a Texas corporation controlled
Prior to Enbridge's acquisition of Midcoast Energy Resources, Inc.
(Midcoast) in May 2001, Mr. Tutcher founded and served as chairman of the
board, president and CEO of Midcoast from its formation in 1992.
The third generation of a petroleum industry family, Mr. Tutcher has over
30 years experience in owning and operating companies involved in petroleum
production, gas processing, natural gas gathering and transmission. He has
been involved in the design, construction and operation of petroleum
pipelines and all types of petroleum equipment and storage, as well as oil
and gas exploration and production. He earned a BBA from Washburn University.
Mr. Tutcher serves on the board of directors for the Interstate Natural Gas
Association of America, in addition to the Gas Processors Association and
the board of directors of Berkshire Asset Management Incorporated; he is a
past member of the Utilities Advisory Board of Cigna Corporation. Active
within the community as well, he serves as chairman and director of Cancer
Counseling, Inc. of Houston.
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Association for Corporate Growth - Houston Chapter Administrator
Voice mail: 713-593-4700