Work on replacement pipeline moves
forward
CALGARY, AB and DULUTH, Minn., June 14,
2021 /CNW/ - Enbridge Inc. (NYSE: ENB) (TSX: ENB)
announced it is pleased with today's decision from the Minnesota Court of Appeals, which
acknowledges the Minnesota Public Utilities Commission's
thorough review of the Line 3 Replacement Project (L3RP) and
confirms that commissioners appropriately approved the project's
environmental impact statement (EIS), certificate of need and route
permit.
"After six years of community engagement, environmental review,
regulatory and legal review, it's good to see confirmation of
previous decisions on the Line 3 Replacement Project," said
Vern Yu, Enbridge Executive Vice
President and President Liquids Pipelines. "From the start,
the project has been about improving safety and reliability for
communities and protecting the environment."
L3RP was thoroughly vetted and regulatory and permitting review
consisted of 70 public comment meetings, appellate review and
reaffirmation of a 13,500-page EIS, four separate reviews by
administrative law judges, 320 route modifications in response to
stakeholder input, and multiple reviews and approvals by the
Minnesota Public Utilities Commission for the project's certificate
of need and route permit.
World class construction technology and environmental safeguards
are central to this essential modernization and safety replacement
project that is already providing significant economic benefits for
counties, small businesses, Native American communities, and union
members - creating thousands of family-sustaining construction
jobs, millions of dollars in local spending and tax revenues at a
time when the state needs it most.
The replacement project is finished in Canada, Wisconsin and North
Dakota and construction is more than 60 percent complete in
Minnesota. The project is on track to be in service in the
fourth quarter of 2021.
Forward-Looking Information
Forward-looking
information, or forward-looking statements, have been included in
this news release to provide information about Enbridge Inc.
("Enbridge" or 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 in this news release
include statements with respect to the Line 3 Replacement Project
(L3RP), including the benefits thereof, construction and in-service
dates, and litigation and government and regulatory actions with
respect 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. Assumptions regarding the
expected supply of and demand for crude oil, natural gas, NGL and
renewable energy, and the prices of these commodities, are material
to and underlie all forward-looking statements, as they may impact
current and future levels of demand for the Company's services.
Similarly, energy transition, including the drivers and pace
thereof, the COVID-19 pandemic, exchange rates, inflation and
interest rates impact the economies and business environments in
which the Company operates and may impact levels of demand for the
Company's services and 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 L3RP, including estimated completion and in
service dates, include the following: the impact of litigation and
government and regulatory actions and approvals on construction and
in-service schedules; 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 news release and in the Company'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 the
Company's behalf, are expressly qualified in their entirety by
these cautionary statements.
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.
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.