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Enbridge Inc T.ENB.PR.Y


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


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Post by autofocus111on Jul 06, 2021 11:39am
631 Views
Post# 33498981

Old Line 3

Old Line 3Many landowners seem content to let ENB keep the pipe in the gorund.

>>>>>>So far, 773 landowners have agreed to Enbridge’s offer to pay $10 per foot of pipeline to decommission the pipe on their land, but keep it in place. Enbridge said that price is based on what it paid landowners in Canada when it replaced sections of the Line 3 pipeline there.  But, Carlson said, according to information he received from the third-party engineer, “that appears to be just 1 percent of the removal costs, allowing Enbridge to save 99 percent, or approximately $1.5 billion.”... Enbridge attorney Christina Brusven told the commission the program is “working as intended.” While most landowners have chosen to accept the offer of $10 per foot to leave the pipeline in place, 38 have requested it be removed. The remaining 223 are considered “in progress,” according to the company’s brief filed with the PUC. 

https://www.mprnews.org/story/2021/06/17/how-much-is-it-worth-to-leave-an-old-pipeline-in-the-ground
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