08:02:18 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 846,371,626
Close 2014-09-23 C$ 55.15
Market Cap C$ 46,677,395,174
Recent Sedar Documents

FP/CP say Enbridge hikes interest in two wind projects

2014-09-24 09:16 ET - In the News

The Financial Post reports in its Wednesday, Sept. 24, edition that Enbridge ($55.15) is increasing its ownership in two Quebec wind projects for about $225-million. A Canadian Press dispatch to the Post reports that the company has executed an agreement to acquire an additional 17.5-per-cent interest in the Lac Alfred project, and a 30-per-cent interest in the Massif du Sud project from its partner EDF EN Canada. Enbridge will hold a 67.5-per-cent interest in Lac Wind and an 80-per-cent interest in Massif du Sud after the deals. EDF EN Canada will maintain a 20-per-cent interest in both projects. The remaining 12.5-per-cent interest of the Lac Alfred project was acquired by the regional country municipalities of La Matapedia and La Mitis in eastern Quebec. Combined, Enbridge says the projects generate enough electricity to meet the needs of more than 100,000 Quebec homes. On Monday, Enbridge announced a deal to transfer $1.76-billion in pipeline assets to one of its affiliates, the Enbridge Income Fund. Heward Investment Management manager Renato Anzovino said in the Post on Dec. 18, 2013, that the outlook was bright for Enbridge. The shares could then be had for $43.95.

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