Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enbridge Inc T.ENB

Alternate Symbol(s):  ENB | T.ENB.PF.A | ENBSF | T.ENB.PF.C | ENBOF | T.ENB.PF.E | ENBFF | T.ENB.PF.G | T.ENB.PF.U | EBBNF | EBGEF | T.ENB.PF.V | ENBGF | T.ENB.PR.A | EBRGF | T.ENB.PR.B | EBRZF | T.ENB.PR.D | T.ENB.PR.F | ENBHF | T.ENB.PR.H | ENBRF | T.ENB.PR.J | T.ENB.PR.N | ENNPF | T.ENB.PR.P | ENBMF | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.


TSX:ENB - Post by User

Bullboard Posts
Post by kijijion Oct 03, 2018 9:28pm
197 Views
Post# 28741886

Deal With Michigan Calls for Changes to Pipeline

Deal With Michigan Calls for Changes to Pipeline
Enbridge Energy signed an agreement with the State of Michigan Wednesday which calls for changes to the Line 5 petroleum pipeline, including the elimination of the segment crossing the Straits of Mackinac, and the construction of a utility tunnel beneath the Straits through which the pipeline will travel.
 
The office of Michigan Gov. Rick Snyder said "All costs for the tunnel will be paid by Enbridge."
 
Under the agreement, Enbridge would pay for all design, construction, operation and maintenance of the tunnel for up to 99 years, subject to approvals by the Mackinac Bridge Authority, the governor's office said.
 
Tunnel construction is estimated to cost between $350 million to $500 million and will take seven to ten years.
 
"This common-sense solution offers the greatest possible safeguards to Michigan's waters while maintaining critical connections to ensure Michigan residents have the energy resources they need," said Gov. Snyder. "The historic agreement will result in eliminating nearly every risk of an oil leak in the Straits and provide added protections to the Great Lakes. It also will allow for multiple utilities to be housed and protected, better connecting our peninsulas, improving energy security and supporting economic development. The taxpayers of Michigan will benefit greatly from this project but won't have to pay for it."
 
The project will see a "major infrastructure initiative for northern Michigan, which would be owned by the Mackinac Bridge Authority and in which Enbridge would lease space, also could house additional infrastructure, such as broadband and electrical lines," the governor's office said.
 
Line 5 is a light oil and natural gas pipeline.
 
"Line 5 has operated safely and reliably for more than six decades at the Straits, and this agreement makes a safe pipeline even safer," said Brad Shamla, Enbridge's Vice President of U.S. Liquids Pipelines operations.

 

Bullboard Posts