Line 3 Moves Forward to Construction

Rhea-AI Summary

The Minnesota Public Utilities Commission has authorized the construction of Enbridge's Line 3 Replacement Project, marking a significant step forward for the company. Currently, the only remaining permit needed is a storm water permit from the Minnesota Pollution Control Agency. Enbridge, a major North American energy infrastructure company, emphasizes the importance of this project in enhancing safety and reliability in energy transport, as it plays a crucial role in the delivery of crude oil and natural gas across North America.

Positive

• Approval from the Minnesota Public Utilities Commission for the Line 3 Replacement Project.
• The project aims to enhance the safety and reliability of energy transport.

Negative

• None.

CALGARY, AB and DULUTH, Minn., Nov. 24, 2020 /PRNewswire/ - The Line 3 Replacement Project has received approval to begin construction.  Today the Minnesota Public Utilities Commission issued their authorization to construct.  The one remaining permit is a storm water permit which is provided by the Minnesota Pollution Control Agency.

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. 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.  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. 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.; and Utilities and Power Operations, which serves approximately 3.7 million retail customers in Ontario and Quebec, and generates approximately 1,750 MW of net renewable power in North America and Europe. The Company's common shares trade on and stock exchanges under the symbol ENB. For more information, visit the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Media
Juli Kellner Toll Free: (888) 992-0997
Email: media@enbridge.com

Investment Community
Jonathan Morgan Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com

View original content:http://www.prnewswire.com/news-releases/line-3-moves-forward-to-construction-301180184.html

SOURCE Enbridge Inc.

FAQ

What is the Line 3 Replacement Project approved by Enbridge?

The Line 3 Replacement Project is an initiative by Enbridge to enhance the safety and reliability of crude oil transportation, which has received construction approval from the Minnesota Public Utilities Commission.

What permits are still required for the Line 3 Replacement Project?

The only remaining permit needed for the Line 3 Replacement Project is a storm water permit from the Minnesota Pollution Control Agency.

When was the Line 3 Replacement Project construction approved?

The construction of the Line 3 Replacement Project was approved on November 24, 2020.

How significant is Enbridge in North American energy transport?

Enbridge transports approximately 25% of the crude oil produced in North America and 20% of the natural gas consumed in the U.S., making it a key player in the energy infrastructure sector.

What is the stock symbol for Enbridge?

The stock symbol for Enbridge is ENB, and it trades on both the Toronto and New York stock exchanges.