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or Name
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Enbridge Inc
Symbol ENB
Shares Issued 846,632,952
Close 2014-10-23 C$ 52.37
Market Cap C$ 44,338,167,696
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Globe says Enbridge has valve issues with the NEB

2014-10-24 06:36 ET - In the News

The Globe and Mail reports in its Friday, Oct. 24, edition that Enbridge says it should not be required to install shut-off valves at every major water crossing of its Line 9 oil pipeline because it has a smarter way to minimize potential leaks from the line. The Globe's Shawn McCarthy writes that Enbridge wants to get its project back on track by convincing the National Energy Board that it essentially meets a requirement to ensure the pipeline can be quickly shut down to prevent spills. Enbridge had been hoping to start its Line 9 reversal this fall in order to ship Western Canadian crude through Ontario to refineries in Quebec. The NEB, however, put on the brakes two weeks ago when it demanded the company identify all major waterways along the route, and explain why it had not installed valves on both banks of each one, as the board had required when it conditionally approved the project last spring. In its response filed Thursday, Enbridge noted that the regulations do not specify how far from the banks the valve must be, and insisted that in using modern engineering techniques with a number of remote-control shut-off valves, it had "met or exceeded" the rule.

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