The call is webcast. I encourage those listening on the phone to view the supporting slides, which are available on our Web site, www.enbridge.com/investor. A replay and a podcast of the call will be available later today, and a transcript will be posted to our Web site shortly thereafter.The Q&A format will be as follows. The initial Q&A is restricted to the analyst community and once completed we will invite questions from the media. May we suggest if your questions are related to detailed updates on the leak remediation of our 6B pipeline, you save those questions for our press conference, which will take place at 10:30 a.m. Eastern Time, and that call is specifically designed to update everyone the status of the situation. I would remind everyone, the number for that conference call is 1-800-638-4930 and the pass code is 54993380. I would also remind everyone that Pat Murray and I are available after the call for any detailed follow-up questions. And with that, I’d like to turn the call over to Pat Daniel. Pat Daniel Thank you, Vern. Good morning, everyone, and thank you for joining us for the review of our second quarter results. Before we get into our Q2 numbers, I want to address our continuing response to the leak on our 6B pipeline near Marshall, Michigan. Put simply, this is a serious incident and we are treating it as a top priority not just within Enbridge Energy Partners but of course across the Enbridge organization. I'm currently in Battle Creek, Michigan near the leak site with the Enbridge emergency response teams that are working to get on top of the situation. You can find the details and the latest information regarding the leak and our response on the Enbridge Energy Partners’ Web site, but I'm going to give you just a very high-level overview here this morning.
By way of background, on the morning of July 26, we had the leak from line 6B. Our initial estimate showed that about 19,500 barrels of oil leaked and oil entered a local tributary to the Kalamazoo River and then into the river itself.We are dedicating all of the resources necessary to contain and begin cleanup of this leak and we are working very closely with local state and federal regulators and emergency response authorities under what is referred to us a unified command structure. Our emergency response teams are working round-the-clock to contain this leak and begin to clean up the oil. As always, of course, the safety of people and the protection of the environment and wild life are our highest priorities. We are working with the US Environment Protection Agency, the Michigan Department of Environmental Quality to assess the impacts of the leak. We also will work closely with them and with the community to complete the environmental cleanup to their satisfaction and to our highest standards. As I committed earlier, Enbridge will do what it takes to make this right. We are also working with federal and state authorities to investigate and determine the cause of the leak and we do not expect to know that cause for several weeks. As Vern indicated, we will be holding a press conference about the incident in Marshall following this call at 10:30 Eastern Time, and I encourage you to phone in if you would like further details about the leak and Enbridge’s response to that. So with that brief overview, what I would like to do now is to proceed to our quarterly results. As you’ve all read this morning, adjusted earnings per share were $0.63 for the second quarter of 2010 and $1.49 year-to-date compared with $0.54 and $1.28, respectively in 2009. So based on this year-to-date performance, we are likely on track now for the upper half of our 2010 guidance range of $2.50 to $2.70 per share, and that again is an adjusted earnings by year-end.
Turning back now to the first half of the year. We placed into service two of the largest projects in the history of Enbridge; Alberta Clipper, a $3.6 billion expansion of our mainline crude oil system went into service on April 1, and the project was on schedule and on budget; Southern Lights, which is a $2.2 billion northbound diluents return line went into service early in July and it was also completed ahead of schedule and within its revised budget.As I'm sure you’d have noticed, the last two months have also been very busy on the business development front here at Enbridge. We've recently announced projects in the Alberta regional oil sands area within our gas gathering and processing business and within our green energy portfolio. So let me just spend a few moments recapping what we have accomplished in a relatively short time in each one of those areas, beginning with the Alberta oil sands region. Read the rest of this transcript for free on seekingalpha.com