19:11:13 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,024,676,423
Close 2023-06-06 C$ 50.52
Market Cap C$ 102,286,652,890
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Enbridge to hold transportation service open season

2023-06-06 14:42 ET - News Release

An anonymous director reports

ENBRIDGE GAS ANNOUNCES NEW CAPACITY OPEN SEASON FOR M12 OR M12 X TRANSPORTATION SERVICE

Enbridge Inc. is holding an open season for M12 or M12X firm transportation service capacity of up to 96,000 gigajoules per day (GJ/d) beginning on Nov. 1, 2027, for a minimum 15-year term along the following transportation paths:

  • Dawn (facilities) to Parkway;
  • Kirkwall to Parkway.

Earlier start dates may be considered by Enbridge Gas. If interested, please indicate the requested start date on the bid form. If Enbridge Gas awards an earlier start date, a minimum 15-year term would be required from Nov. 1, 2027.

The Enbridge Gas Dawn Parkway System is one of the most robust pipeline systems in North America and provides for the movement of natural gas from Enbridge Gas's Dawn Hub located near Sarnia, Ont., to the Greater Toronto Area, where it interconnects with other downstream pipelines serving eastern Canadian and Northeast United States markets. Dawn and the compressor stations located along the Dawn-Parkway corridor have loss of critical unit reserve horsepower coverage which provides firm service reliability.

The Dawn Hub is one of the largest integrated natural gas storage facilities in North America. Strategically located in southwestern Ontario and with 288 billion cubic feet of working storage capacity, it offers customers, such as power generators, distribution and pipeline companies and energy marketers, an important link in the movement of natural gas from key supply basins to markets in central Canada and the Northeast U.S.

The Dawn Hub also provides shippers with direct access to North America's major supply basins, including Appalachia and Western Canadian sedimentary basin. With multiple supply routes from Western Canada, the mid-continent, Appalachia and the Rockies, as well as the ability to serve markets in the Midwest, Eastern Canada and the U.S. Northeast, the Enbridge Gas Dawn Hub is a reliable, secure and liquid natural gas trading hub.

All bids are due on or before 2 p.m. ET/1 p.m. CT, on July 18, 2023. Enbridge Gas expects to award capacity on or before 4 p.m. ET/3 p.m. CT on July 25, 2023.

About Enbridge Gas Inc.

Enbridge Gas is Canada's largest natural gas storage, transmission and distribution company based in Ontario, with 2023 marking its 175th anniversary of serving customers.

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