10:50:54 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,634,733,168
Close 2017-03-22 C$ 55.10
Market Cap C$ 90,073,797,557
Recent Sedar Documents

Globe/wire say Enbridge rival Kinder secures capacity

2017-03-22 07:20 ET - In the News

The Globe and Mail reports in its Thursday, March 23, edition that Enbridge rival Kinder Morgan said it had booked all of the 22,000 barrels a day of capacity it had offered to the oil industry earlier this month on its Canadian Trans Mountain pipeline-expansion project, after a dip in shipper commitments. A Reuters dispatch to The Globe reports that the current Trans Mountain pipeline between the oil-producing province of Alberta and the West Coast is routinely oversubscribed, and the expansion has had strong support from Canadian oil sands shippers. Kinder Morgan said two weeks ago that commitment for the pipeline project had dipped 3 per cent, or 22,000 barrels a day, after the company hiked tolls. On March 9, Kinder offered that capacity through a so-called "open season," during which potential customers can sign up for a part of a pipeline's capacity rights. Canada's government in November approved Kinder's plan to nearly triple the crude pipeline to 890,000 barrels per day. All available long-term capacity on the pipeline has now been contracted to 13 customers. It said next steps include arranging financing for the project, which is expected to start operating in late 2019.

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