CALGARY, March 28, 2019 /CNW/ - After reviewing the
statement issued by Michigan
Attorney General Nessel and Governor Whitmer's executive directive,
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) is
surprised and disappointed they have taken this position with
respect to the legislation when the Straits tunnel project will
further enhance the safety and reliability of a critical piece of
infrastructure that supports the State, its communities and the
environment.
We intend to seek clarification from the Administration on a
path forward. Line 5 will continue to safely operate, as it has for
more than 60 years. Numerous independent reviews have concluded
that the line is safe.
"Enbridge worked in good faith with the Michigan government on the tunnel project,"
said Enbridge Chief Legal Officer Bob
Rooney. "We disagree with the Attorney General's opinion and
continue to believe in the benefits of the tunnel."
The benefits of a tunnel under the Straits of Mackinac include:
- Reducing the chance of a release of product to virtually zero,
by placing the pipeline in a tunnel with one-foot-thick concrete
walls.
- Preventing an anchor strike from a ship in the Straits of
Mackinac by placing the tunneled
pipeline 100 feet underground.
- Ensuring Michigan will continue to receive the economic
benefits from Line 5.
Enbridge is committed to protecting the waters of the Great
Lakes while ensuring families, manufacturers and other businesses
safely receive the energy transported through Line 5. We are deeply
committed to being part of Michigan's future – protecting communities and
the environment while safely meeting Michigan's energy needs.
Forward Looking Information
Forward-looking information, or forward-looking statements,
have been included in this news release to provide information
about the Company and its subsidiaries and affiliates, including
management's assessment of Enbridge and its subsidiaries' future
plans and operations. This information may not be appropriate for
other purposes. Forward-looking statements are typically identified
by words such as ''anticipate'', ''expect'', ''project'',
''estimate'', ''forecast'', ''plan'', ''intend'', ''target'',
''believe'', "likely" and similar words suggesting future outcomes
or statements regarding an outlook. Forward-looking information or
statements included in this news release include, but are not
limited to, statements with respect to the status, operations and
benefits of Line 5 and the Straits tunnel project and expected
plans or actions with regards thereto.
Although Enbridge believes these forward-looking statements
are reasonable based on the information available on the date such
statements are made and processes used to prepare the information,
such statements are not guarantees of future performance and
readers are cautioned against placing undue reliance on
forward-looking statements. By their nature, these statements
involve a variety of assumptions, known and unknown risks and
uncertainties and other factors, which may cause actual results,
levels of activity and achievements to differ materially from those
expressed or implied by such statements. Material assumptions,
risks and uncertainties include regulatory parameters and changes
in regulations applicable to our business; customer and regulatory
approvals and support for the Company's projects; governmental
legislation and political decisions; operational reliability and
performance; and other factors, including, but not limited to those
risks and uncertainties discussed in the Company's filings with
Canadian and United States
securities regulators. The impact of any one risk, uncertainty or
factor on a particular forward-looking statement is not
determinable with certainty as these are interdependent and
Enbridge's future course of action depends on management's
assessment of all information available at the relevant time.
Except to the extent required by applicable law, Enbridge assumes
no obligation to publicly update or revise any forward-looking
statements made in this news release or otherwise, whether as a
result of new information, future events or otherwise. All
subsequent forward-looking statements, whether written or oral,
attributable to Enbridge or persons acting on the Company's behalf,
are expressly qualified in their entirety by these cautionary
statements.
About Enbridge Inc.
Enbridge Inc. 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 in excess
of 3 million barrels of crude oil each day through its Mainline and
Express Pipeline; accounts for approximately 62% of U.S.-bound
Canadian crude oil exports; and moves approximately 18% 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 1,700 MW
of net renewable generating capacity in North America and Europe. The Company's 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.
FOR FURTHER
INFORMATION PLEASE CONTACT:
|
|
Media
|
Investment
Community
|
Michael
Barnes
|
Jonathan
Gould
|
Toll Free: (888)
992-0997
|
Toll Free: (800)
481-2804
|
Email:
media@enbridge.com
|
Email:
investor.relations@enbridge.com
|
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SOURCE Enbridge Inc.