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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.


TSX:ENB - Post by User

Comment by autofocus111on Dec 02, 2023 12:24pm
422 Views
Post# 35765156

RE:Line 5 tunnel approved... again

RE:Line 5 tunnel approved... againMy bad. I got the MI environmental agency go-ahead mixed up with the PSC approval. Between L5T and the earlier L3R project, it's been a veritable nightmare to keep track of regulatory developments. Anyway, I have no doubt that ENB will eventually get this one done, just like it did L3R. I mean, it's only been five short years since the previous Mi government agreed with ENB that L5T was the appropriate solution. L3R took a decade to get done.

>>> Agreement to build tunnel In December 2018, Gov. Rick Snyder signed legislation to create the Mackinac Straits Corridor Authority and its Board voted to approve an agreement with Enbridge to build a utility tunnel in the Straits. Among the provisions of the legislation are ones calling for the Authority to provide that the tunnel is built to last and will contain potential oil spills to prevent oil from entering the Straits of Mackinac, limit liability for the state, the authority and members of the authority, and ensure the state bears no cost. Besides the legislation, a Third Agreement was signed that carries forward provisions of two previous agreements with the company. Under the agreement, Enbridge will undertake an enhanced inspection and stewardship regimen. The agreement also includes interpretations of the 1953 easement for the dual pipelines on the bottom of the Straits, as well as ongoing financial assurance requirements for the pipelines.

https://www.michigan.gov/egle/about/featured/line5


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