09:49:33 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 843,997,451
Close 2014-07-15 C$ 51.12
Market Cap C$ 43,145,149,695
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Globe says Enbridge rival pipe's final decision delayed

2014-07-16 06:48 ET - In the News

The Globe and Mail reports in its Wednesday, July 16, edition that the National Energy Board will delay its final recommendation on Enbridge rival Kinder Morgan's proposed Trans Mountain pipeline expansion project by almost seven months because of proposed route changes by the company. The Globe's Mark Hume writes that after filing an application in December, 2013, to twin its existing 1,000-kilometre pipeline from Alberta to a Pacific terminal in Burnaby, Trans Mountain Pipeline ULC asked last month to alter a four-kilometre section of the proposed route so that it could consider tunnelling through Burnaby Mountain. Two possible routes through the mountain were proposed, with the company stating either of the tunnel options were preferred because they would be more direct and less disruptive to area residents than the original plan. That slight change has prompted the NEB to ask for more studies, and to push back its deadline for assessing the $5.4-billion project to Jan. 25, 2016, from the original date of July 2, 2015. The NEB said Tuesday the proposed route change will be handled as a distinct issue within the hearings, so that other matters related to the rest of the route can go ahead as planned.

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