OK, so here’s some consumer advice …
Back in July, I started getting notifications from Enbridge Gas that my on-line bill was ready … just a bit of spam, I thought. No problem, I’ll ignore it and when my real bill comes by snail mail, I’ll throw it in the pile and pay it during my monthly bill-paying frenzy. No problem.
But the bill didn’t come. And it didn’t come again and it didn’t come again.
So in October I figured there was a definite problem and asked their social media team on Facebook how to switch it back. They told me:
Thanks for the question. Go into My Account, and then go to your Bill Delivery preferences and switch there. That should do it.
… and I subsequently told them:
There does not appear to be any such option.
I attempted to update my billing preferences via [screenshot 1].
This screen claims I am enrolled in eBill – I have no recollection of enrolling in this and it was certainly never intended. However, I clicked “Update Billing Preferences” and arrived at [screenshot 2, below].
Ha-ha! So much for easy on-line account management! I have to call a number. After guessing my way through a very poorly designed menu, I eventually spoke to somebody who identified herself only as “Deb”. She claimed not to have a rep ID number or anything along the lines of what was expected.
“Deb” claims that paper billing is no longer an option. She disclaims any knowledge of what Enbridge has told me on its own website and on Facebook.
What is going on?
Click for Big
Click for BigThey asked me to contact them privately and I refused. Why should I? Why was the answer such a big secret?
Eventually, after I made it clear to them that I was going to make a public nuisance of myself, they gave me the real answer:
James, if you are in an area formerly served by Union Gas, please call 1-877-362-7434. If you are in an Enbridge Gas area, please call 416-495-6155.
So I called the number … and it turned out to be the number of their internal ombudsman! I left a message … and nothing happened. So about ten days later, I left another message.
Today, a very pleasant and weary-sounding woman from Enbridge told me that my account had been reset to snail-mail delivery, past bills would be re-printed and sent to me and all late-fees would be cancelled. She apologized for the delay – apparently they have been getting a lot of calls.
So it seems to me that Enbridge was trying to pull a fast one. Change everybody’s billing option to electronic without notification and make everybody who liked things just fine as they were go through an arduous and incomprehensible process (ending up with the ombudsman!) to get it reset.
Pretty sleazy move, Enbridge.
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly |
| Index |
Mean
Current
Yield
(at bid) |
Median
YTW |
Median
Average
Trading
Value |
Median
Mod Dur
(YTW) |
Issues |
Day’s Perf. |
Index Value |
| Ratchet |
0.00 % |
0.00 % |
0 |
0.00 |
0 |
0.2885 % |
1,975.0 |
| FixedFloater |
0.00 % |
0.00 % |
0 |
0.00 |
0 |
0.2885 % |
3,624.0 |
| Floater |
6.12 % |
6.30 % |
43,725 |
13.38 |
4 |
0.2885 % |
2,088.5 |
| OpRet |
0.00 % |
0.00 % |
0 |
0.00 |
0 |
0.0958 % |
3,420.8 |
| SplitShare |
4.65 % |
4.44 % |
48,029 |
3.88 |
7 |
0.0958 % |
4,085.2 |
| Interest-Bearing |
0.00 % |
0.00 % |
0 |
0.00 |
0 |
0.0958 % |
3,187.4 |
| Perpetual-Premium |
5.54 % |
-18.42 % |
49,130 |
0.09 |
10 |
0.1173 % |
3,046.7 |
| Perpetual-Discount |
5.29 % |
5.41 % |
68,600 |
14.77 |
25 |
0.1934 % |
3,263.6 |
| FixedReset Disc |
5.56 % |
5.64 % |
182,243 |
14.38 |
66 |
0.1177 % |
2,113.4 |
| Deemed-Retractible |
5.14 % |
5.28 % |
67,575 |
14.81 |
27 |
0.1744 % |
3,212.7 |
| FloatingReset |
6.25 % |
6.79 % |
116,594 |
12.72 |
2 |
-0.8550 % |
2,438.0 |
| FixedReset Prem |
5.11 % |
3.63 % |
127,828 |
1.58 |
20 |
0.0936 % |
2,627.6 |
| FixedReset Bank Non |
1.96 % |
4.07 % |
71,423 |
2.12 |
3 |
0.1791 % |
2,702.3 |
| FixedReset Ins Non |
5.41 % |
5.61 % |
119,526 |
14.41 |
22 |
0.1015 % |
2,156.7 |
| Performance Highlights |
| Issue |
Index |
Change |
Notes |
| TRP.PR.F |
FloatingReset |
-1.46 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 13.47
Evaluated at bid price : 13.47
Bid-YTW : 6.79 % |
| MFC.PR.J |
FixedReset Ins Non |
-1.44 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 5.74 % |
| IFC.PR.A |
FixedReset Ins Non |
-1.32 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 14.15
Evaluated at bid price : 14.15
Bid-YTW : 5.87 % |
| PWF.PR.P |
FixedReset Disc |
-1.15 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 12.85
Evaluated at bid price : 12.85
Bid-YTW : 6.01 % |
| RY.PR.S |
FixedReset Disc |
-1.15 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 18.98
Evaluated at bid price : 18.98
Bid-YTW : 5.45 % |
| IFC.PR.C |
FixedReset Ins Non |
1.08 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 5.82 % |
| TD.PF.C |
FixedReset Disc |
1.18 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 17.11
Evaluated at bid price : 17.11
Bid-YTW : 5.56 % |
| BAM.PR.R |
FixedReset Disc |
1.24 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 15.48
Evaluated at bid price : 15.48
Bid-YTW : 6.13 % |
| MFC.PR.M |
FixedReset Ins Non |
1.46 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 17.32
Evaluated at bid price : 17.32
Bid-YTW : 5.60 % |
| BAM.PF.B |
FixedReset Disc |
1.67 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 5.87 % |
| BIP.PR.F |
FixedReset Disc |
2.18 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 22.03
Evaluated at bid price : 22.50
Bid-YTW : 5.74 % |
| TRP.PR.B |
FixedReset Disc |
2.86 % |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 11.52
Evaluated at bid price : 11.52
Bid-YTW : 6.11 % |
| Volume Highlights |
| Issue |
Index |
Shares
Traded |
Notes |
| BMO.PR.D |
FixedReset Disc |
84,675 |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 21.23
Evaluated at bid price : 21.23
Bid-YTW : 5.49 % |
| BMO.PR.B |
FixedReset Prem |
57,227 |
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-02-25
Maturity Price : 25.00
Evaluated at bid price : 25.42
Bid-YTW : 4.08 % |
| BAM.PF.E |
FixedReset Disc |
55,100 |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 6.29 % |
| IAF.PR.G |
FixedReset Ins Non |
37,700 |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 19.44
Evaluated at bid price : 19.44
Bid-YTW : 5.58 % |
| TRP.PR.A |
FixedReset Disc |
33,700 |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 13.71
Evaluated at bid price : 13.71
Bid-YTW : 6.37 % |
| CM.PR.R |
FixedReset Disc |
29,195 |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 5.67 % |
| There were 39 other index-included issues trading in excess of 10,000 shares. |
| Wide Spread Highlights |
| Issue |
Index |
Quote Data and Yield Notes |
| TRP.PR.F |
FloatingReset |
Quote: 13.47 – 13.94
Spot Rate : 0.4700
Average : 0.3631
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 13.47
Evaluated at bid price : 13.47
Bid-YTW : 6.79 % |
| BAM.PF.E |
FixedReset Disc |
Quote: 16.50 – 16.75
Spot Rate : 0.2500
Average : 0.1604
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 6.29 % |
| RY.PR.S |
FixedReset Disc |
Quote: 18.98 – 19.20
Spot Rate : 0.2200
Average : 0.1409
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 18.98
Evaluated at bid price : 18.98
Bid-YTW : 5.45 % |
| MFC.PR.Q |
FixedReset Ins Non |
Quote: 18.63 – 18.85
Spot Rate : 0.2200
Average : 0.1487
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 18.63
Evaluated at bid price : 18.63
Bid-YTW : 5.64 % |
| BAM.PF.B |
FixedReset Disc |
Quote: 18.30 – 18.57
Spot Rate : 0.2700
Average : 0.2050
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 5.87 % |
| TRP.PR.D |
FixedReset Disc |
Quote: 16.05 – 16.38
Spot Rate : 0.3300
Average : 0.2668
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-11-25
Maturity Price : 16.05
Evaluated at bid price : 16.05
Bid-YTW : 6.14 % |
