CER Issues Mainline Contracting Regulatory Decision

Rhea-AI Summary

Enbridge Inc. (TSX: ENB, NYSE: ENB) announced a decision from the Canada Energy Regulator (CER) regarding its commercial proposal for transportation contracting on its Mainline pipeline system, which transports 3 million barrels of liquids daily. This proposal, submitted in December 2019, received support from over 75% of Mainline shippers by volume. Enbridge is currently reviewing the CER's decision and will comment further after the review is complete.

Positive

• The proposal received support from over 75% of Mainline shippers by volume, indicating strong market confidence.
• The Mainline pipeline system plays a crucial role in transporting approximately 3 million barrels daily.

Negative

• None.

CALGARY, AB, Nov. 26, 2021 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today received a decision from the Canada Energy Regulator (CER) on the Company's commercial proposal to offer transportation contracting on its Mainline pipeline system, which moves approximately 3 million barrels a day of liquids from Edmonton, AB to essential U.S. demand centers.

Enbridge submitted a regulatory application to the CER in December 2019 to offer contracted transportation service on the Mainline pipeline system and participated in a rigorous regulatory process in 2020 and 2021. Throughout the regulatory review, the offering has been supported by over 75% of Mainline shippers, by volume, reflecting its competitive toll and overall shipper benefits.

Enbridge is currently reviewing the CER's decision. We will provide further comment after completing that review.

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 owns approximately 1,766 megawatts (net) in renewable power generation capacity 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:

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View original content:https://www.prnewswire.com/news-releases/cer-issues-mainline-contracting-regulatory-decision-301432524.html

SOURCE Enbridge Inc.

FAQ

What did the Canada Energy Regulator decide regarding Enbridge's Mainline pipeline proposal on November 26, 2021?

The Canada Energy Regulator issued a decision on Enbridge's transportation contracting proposal for its Mainline pipeline system.

How much liquid does Enbridge's Mainline pipeline system transport daily?

Enbridge's Mainline pipeline system transports approximately 3 million barrels of liquids daily.

What percentage of Mainline shippers supported Enbridge's proposal?

Over 75% of Mainline shippers, by volume, supported Enbridge's proposal.

When did Enbridge submit its regulatory application to the CER?

Enbridge submitted the regulatory application to the CER in December 2019.

What will Enbridge do after reviewing the CER's decision?

Enbridge will provide further comments after completing its review of the CER's decision.