18:30:00 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-06-15 C$ 55.81
Market Cap C$ 47,813,148,512
Recent Sedar Documents

FP/wire say Enbridge shippers question pipeline delay

2015-06-16 09:26 ET - In the News

Also In the News (C-SU) Suncor Energy Inc

The Financial Post reports in its Tuesday, June 16, edition that the two biggest customers on Enbridge's newly reversed pipeline to carry Western Canadian oil from Sarnia, Ont., to Montreal want to meet Canada's energy regulator to find out why the pipeline's opening has been delayed by months. A Reuters dispatch to the Post reports that Valero Energy and Suncor Energy, each of which owns two refineries in Quebec, said in separate letters posted on the National Energy Board's website that the delay in approving the start of the 300,000-barrel-per-day Line 9 pipeline is pushing up costs and harming operations. They requested a meeting with board chairman Peter Watson. Suncor vice-president Kris Smith wrote, "We believe it is important that you are aware of the high cost and negative economic impacts to our business, and by extension to those communities and provinces in which we operate, as the time for a decision is ongoing." The NEB approved the project in February but refused to let Enbridge open the 639-kilometre line until it met 30 conditions related to emergency response, continued consultation and pipeline integrity. The board has not said when it will allow the project to open.

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