CALGARY, AB, June 9, 2021 /CNW/ - Enbridge Inc. (Enbridge
or the Company) (TSX: ENB) (NYSE: ENB) announced today that in
collaboration with the Government of Ontario it is expanding natural gas access to
rural, northern and Indigenous communities in Ontario, Canada.
Enbridge will access Ontario's
Natural Gas Expansion Program to support 27 projects to expand
natural gas access across the province, helping to keep the cost of
energy low for families, businesses and farmers.
The average household could save up to 50 percent in energy
costs by switching to natural gas from costlier fuel sources, and
businesses could save up to 30 per cent on energy costs per year.
These important impacts are made possible through the ongoing
support of the Government of Ontario and Enbridge's ongoing work with local
communities.
"We're excited that Enbridge is bringing much-needed natural gas
service to additional communities while supporting jobs and
providing energy savings to residents and businesses," said
Cynthia Hansen, Enbridge Executive
Vice-President and President of Enbridge Gas Distribution and
Storage. "We are pleased that the Government of Ontario selected these projects and look
forward to working together with the province and local
municipalities to continue to bring natural gas to more
Ontario homes and businesses."
Expanding access to natural gas will continue to play a critical
role in North America's energy
future. It's a lower-carbon fuel compared to other fuel choices and
provides a significant opportunity to help municipalities lower
their greenhouse gas emissions. As a leader in the energy
transition, Enbridge is committed to continuing its work to lower
the emission intensity of the natural gas it transports through
investment in renewable natural gas and hydrogen.
About Enbridge Inc.
Enbridge Inc. is a leading North American energy
infrastructure company. We safely and reliably deliver the energy
people need and want to fuel quality of life. Our core businesses
include Liquids Pipelines, which transports approximately 25
percent of the crude oil produced in North America; Gas Transmission and Midstream,
which transports approximately 20 percent of the natural gas
consumed in the U.S.; Gas Distribution and Storage, which serves
approximately 3.8 million retail customers in Ontario and Quebec; and Renewable Power Generation, which
generates approximately 1,763 MW of net renewable power in
North America and Europe. The Company's common shares trade on
the Toronto and New York stock exchanges under the symbol ENB.
For more information, visit www.enbridge.com.
Forward-Looking Information
Forward-looking information, or forward-looking statements,
have been included in this news release to provide information
about Enbridge and its subsidiaries and affiliates, including
management's assessment of Enbridge and its subsidiaries and
affiliates' 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 energy
transition, greenhouse gas emissions and the natural gas community
expansion program (the "Program"), including the projects
comprising the Program and their anticipated benefits, anticipated
employment, costs and construction dates, and expected energy cost
savings.
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. Assumptions regarding the
expected supply of and demand for energy, and the prices thereof,
are material to and underlie all forward-looking statements, as
they may impact current and future levels of demand for Enbridge's
services and for the Program. Similarly, exchange rates, inflation,
interest rates, energy transition, including the drivers and pace
thereof, and the COVID-19 pandemic impact the economies and
business environments in which Enbridge operates and may impact
levels of demand for Enbridge's services and the Program as well as
the cost of inputs and are therefore inherent in all
forward-looking statements. Due to the interdependencies and
correlation of these macroeconomic factors, the impact of any one
assumption on a forward-looking statement cannot be determined with
certainty. The most relevant assumptions associated with
forward-looking statements on announced projects and projects under
construction such as the Program, including estimated construction
dates and expected capital expenditures, include the following: the
COVID-19 pandemic and the duration and impact thereof; the impact
of customer, government and regulatory approvals on construction
and in-service schedules and cost recovery regimes; the
availability and price of labour and construction materials; the
effects of inflation and foreign exchange rates on labour and
material costs; the effects of interest rates on borrowing costs;
and the impact of weather.
Enbridge's forward-looking statements are subject to risks
and uncertainties, including, but not limited to those risks and
uncertainties discussed in this press release and in Enbridge's
other 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 Enbridge's behalf,
are expressly qualified in their entirety by these cautionary
statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
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SOURCE Enbridge Inc.