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Enbridge Inc T.ENB.PR.N


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

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

Post by Dibah420on Nov 16, 2021 6:00pm
903 Views
Post# 34134026

Michigan ruling

Michigan ruling
Market Chatter: Enbridge Defeats Michigan Governor's Bid To Move Line 5 Pipeline Case
 
16 Nov 2021 17:23 ET  

05:23 PM EST, 11/16/2021 (MT Newswires) -- Enbridge Inc. (ENB.TO, ENB) won the latest round in its long-running battle to stop Michigan's governor from shutting an oil pipeline that crosses the Great Lakes after a judge ruled that the case should remain in Federal court, Bloomberg News is reporting Tuesday.

Judge Janet Neff of the U.S. District Court for the Western District of Michigan Southern Division rejected Michigan's effort to send the case over Governor Gretchen Whitmer's order for Enbridge to shut its Line 5 pipeline to state court. The case "is properly in federal court," according to the ruling.

Whitmer has ordered Enbridge to shut Line 5 arguing that it's a threat to the Great Lakes because it presents an environmental threat where it crosses through Straits of Mackinac, where Lake Michigan and Lake Huron connect. Enbridge has refused to comply, arguing that the governor is exceeding her authority and federal jurisdiction applies.

The company says it is seeking to make the pipeline safer by building a tunnel under the waterway to house the line.

"Enbridge is pleased with the decision and agrees that this case belongs in federal court as we've asserted all along," the company said in a statement Tuesday.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 50.66, Change: +0.07, Percent Change: +0.14


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