21:43:19 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 851,644,421
Close 2015-02-06 C$ 61.24
Market Cap C$ 52,154,704,342
Recent Sedar Documents

FP/CP say Enbridge Line 9 still has conditions to meet

2015-02-09 06:16 ET - In the News

The Financial Post reports in its Saturday edition that Enbridge's newly reversed Line 9 pipeline will come into service by the end of June. A Canadian Press dispatch to the Post reports that Enbridge will ask the National Energy Board for permission to open the pipeline within the next day or two. The pipeline was to have started in November, but was delayed when the NEB flagged concerns about the protection of water crossings along the route. The NEB approved the project in March, 2014, but the green light was subject to several conditions. The NEB said Enbridge had submitted "insufficient" information on how it decided where to place valves shutting off the flow of oil in relation to water crossings. On Friday, the NEB said Enbridge demonstrated its approach is appropriate, with a total of 62 valves along the pipeline's route. Of those, 17 were added as a result of the hearing process. However, the NEB has imposed more obligations on Enbridge to make sure the pipeline will operate safely. During the next year, Enbridge must submit more information to the board, including an analysis over whether more valves are needed. An NEB member has also been assigned to review all future filings for the project.

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