12:20:11 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 863,655,440
Close 2015-11-24 C$ 48.71
Market Cap C$ 42,068,656,482
Recent Sedar Documents

Globe says Enbridge, others posied to gain in Alberta

2015-11-25 06:51 ET - In the News

Also In the News (C-CPG) Crescent Point Energy Corp
Also In the News (C-RNW) TransAlta Renewables Inc
Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Wednesday edition that the race to find winners from Alberta's low-carbon policies is on. A Bloomberg dispatch to The Globe reports that companies poised to gain will be those able to finance new wind and solar power projects, as the government boosts Alberta's share of renewable electricity to 30 per cent from 9 per cent by 2030. National Bank Financial analyst Patrick Kenny says, "These renewable power contracts are going to go to the bidder that needs the least amount of government support, developers with most financial flexibility and overall lowest cost of capital" such as Enbridge and TransCanada. As much as $15-billion will have to be invested in new electricity generation, says National Bank. Enbridge and TransCanada are already among Canada's largest renewable power operators. TransAlta Renewables on Monday said it would invest $540-million in three of its parent's projects, including renewable energy, while Alberta Investment Management Corp. bought shares in the renewable division. Energy companies with operations outside Alberta will be better placed to weather higher carbon prices in the province, such as Crescent Point Energy.

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