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Decision Received from the Ontario Energy Board on Enbridge Gas Distribution and Union Gas Limited Amalgamation
August 30, 2018
CALGARY, Aug. 30, 2018 /CNW/ - Today, Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) received a decision from the Ontario Energy Board (OEB) approving the amalgamation of Enbridge Gas Distribution and Union Gas Limited.
This decision from the OEB is an important step in determining how, and if, Enbridge Gas Distribution and Union Gas will amalgamate. Enbridge will undertake a detailed review of the OEB's decision, and approved parameters, and make a final determination on the amalgamation of its utilities.
About Enbridge Inc.
Enbridge Inc. (the Company) is North America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation. The Company safely delivers an average of 2.9 million barrels of crude oil each day through its Mainline and Express Pipeline; accounts for approximately 65% of U.S.-bound Canadian crude oil exports; and moves approximately 20% of all natural gas consumed in the U.S., serving key supply basins and demand markets. The Company's regulated utilities serve approximately 3.7 million retail customers in Ontario, Quebec, and New Brunswick. Enbridge also has interests in more than 2,500 MW of net renewable generating capacity in North America and Europe. The Company has ranked on the Global 100 Most Sustainable Corporations index for the past nine years; its common shares trade on the Toronto and New York stock exchanges under the symbol ENB.
Life takes energy and Enbridge exists to fuel people's quality of life. For more information, visit www.enbridge.com.
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SOURCE Enbridge Inc.