Referenced Stocks

Enbridge to Undertake Additional $0.4 Billion Canadian Mainline Expansion; Shrs Near Yr Highs

By Midnight Trader,  January 04, 2013, 08:15:44 AM EDT

Enbridge Inc. (ENB.TO) today announced further expansion of the Canadian mainline system between Hardisty, Alberta, and the U.S. border. The expansion will add an additional 230,000 barrels per day of capacity at an estimated cost of approximately $0.4 billion and involves increased pumping horsepower, with no line pipe construction. The expansion will require regulatory approvals.

The Canadian mainline is held by Enbridge Pipelines Inc. ( EPI ), a wholly owned subsidiary of Enbridge Inc. The expansion has been approved by mainline shippers under the terms of EPI's Competitive Tolling Settlement, and is expected to be in service in 2015




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: EPI



Latest News Video

A Spanish Submarine Is Too Heavy to Float
A Spanish Submarine Is Too Heavy to...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%