16:42:54 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 855,034,826
Close 2015-05-26 C$ 60.52
Market Cap C$ 51,746,707,670
Recent Sedar Documents

Globe says Enbridge, rivals hear Kinder plan panned

2015-05-27 06:49 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Wednesday edition that Kinder Morgan is facing criticism over a plan to hike fees on its Trans Mountain pipeline to cover costs related to oil spill safeguards. The Globe's Jeff Lewis writes that Kinder is proposing an increase of 8 per cent to fees paid by oil company shippers in order to bolster the industry's ability to respond to a large marine oil spill. The change, set to take effect as early as June 1, would tack a 28-cent-a-barrel surcharge on shipments from Kinder's Westridge dock, where the pipeline ends in Burnaby, B.C. The levy is supported by the Canadian Association of Petroleum Producers. But refiner Phillips 66 and a trading unit of PetroChina oppose it, arguing that they should not have to pay for services today in support of an expanded pipeline that they may never use. The spat marks another chapter in a series of disputes over tolls on the Pacific-bound pipeline, as some of the world's largest oil companies jostle over rights to limited export capacity. Kinder says the fees are needed now to accelerate investments in spill-response capacity. A new funding mechanism covering 2016 and beyond will be proposed by Oct. 31.

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