Enbridge Energy to Invest $3.4 Bln in Light Oil Access Program; Shares Up 1% Late

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Enbridge Energy Partners, L.P. ( EEP ) announced today its plans to invest in a Light Oil Market Access Program to expand access to markets for growing volumes of North Dakota and western Canada light oil production.

The overall Program includes a number of individual projects, some of which will be jointly funded by the Partnership and Enbridge Inc. ( ENB ), and certain projects that will be funded entirely by the Partnership.

Enbridge Partners' investment in the program is expected to be approximately $3.4 billion.

EEP shares are up 0.1% at $27.73 in late trade, in the low end of a 52-week range of $27.41 - $33.85.

ENB shares are flat late at $40.35.

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This article appears in: Investing , Commodities
Referenced Symbols: EEP , ENB


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