Enbridge Inc. and Enbridge Energy Partners, L.P. Close

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
160
Enbridge Inc. and Enbridge Energy Partners, L.P. Close Midcoast Gas Gathering and Processing Transaction

CALGARY, ALBERTA--(Marketwired - June 28, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge) and Enbridge Energy Partners, L.P. (NYSE:EEP) (EEP) today announced the closing of the sale of EEP's interest in the Midcoast Gas Gathering and Processing business to Enbridge Energy Company, Inc. (EECI), a subsidiary of Enbridge (the Midcoast Sale). The Midcoast Sale was previously announced as part of the conclusion and outcomes of the EEP strategic review . Following the closing of the Midcoast Sale, 100 percent of the Midcoast Gas Gathering and Processing business is now owned by Enbridge Inc. through EECI.

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 an average of 2.8 million barrels of crude oil each day through its Mainline and Express Pipeline, and accounts for nearly 64% of U.S.-bound Canadian crude oil production, and moves approximately 20% of all natural gas consumed in the U.S. serving key supply basins and demand markets. The Company's regulated utilities serve approximately 3.5 million retail customers in Ontario, Quebec, New Brunswick and New York State. Enbridge also has a growing involvement in electricity infrastructure with interests in more than 2,500 MW of net renewable generating capacity, and an expanding offshore wind portfolio in Europe. The Company has ranked on the Global 100 Most Sustainable Corporations index for the past eight years; its 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 .

About Enbridge Energy Partners, L.P.

Enbridge Energy Partners, L.P. is a publicly traded master limited partnership that owns and operates the U.S. portion of the Enbridge Mainline System, which is the largest pipeline transporter of growing oil production from western Canada to refining centers and connected carriers in the United States. The Mainline System accounts for over 20 percent of total U.S. oil imports.

Media Enbridge Inc. Suzanne Wilton (403) 231-7385 or Toll Free: (888) 992-0997 Email: suzanne.wilton@enbridge.com Investment Community Enbridge Inc. Jonathan Gould Toll Free: (800) 481-2804 Email: investor.relations@enbridge.com Enbridge Energy Partners L.P. Michael Barnes Toll Free: (877) 496-8142 Email: michael.barnes@enbridge.com Enbridge Energy Partners L.P. Adam McKnight (403) 266-7922 or Toll Free: (800) 481-2804 Email: adam.mcknight@enbridge.com
Scroll down for more posts ▼

Top 10 Most Recent News Articles

SMPL Faces Legal Drama: What Investors Need to Know

Updated Category News Views 2

Investors Swim Against the Current With SMPL Picture this: You’re sipping your morning coffee, glancing through stocks, only to choke on your bagel when The Simply Good Foods Company (NASDAQ: SMPL) pops up with some less-than-palatable news. A class action is brewing, shouting out to investors who took the bait from October 24, 2024, to April 8, 2026. If you’re one of...

Continue Reading
ARTiSTORY's Strategic Advance in Cultural IP Licensing

Updated Category News Views 5

Call it a seismic shift or call it common sense, but ARTiSTORY's recent haul of accolades makes it clear: they're onto something big in the cultural IP game. Receiving four honors at the 26th International Advertising Institute Awards (IAI Awards), including a Gold for their British Library × CHAGEE collaboration, and jumping into License Global's Top 60, they're staking...

Continue Reading
OneOdio Showcases Innovation at IFA 2026 in Berlin

Updated Category News Views 1

Echoes from Berlin IFA 2026 in Berlin was a cacophony of innovation, as OneOdio wrapped up its showcase with a bang. Boasting interactive activities and live DJ sets, the event echoed OneOdio's drive to meld advanced audio technology with the pulsating needs of music pros and everyday listeners. You couldn’t miss the excitement in the air at Booth 217. Tech Unplugged:...

Continue Reading
Damp or Dry: The Battle for Healthy Air in Colorado

Updated Category News Views 2

The Hidden Cost of Colorado's Dry Air Dry climate isn't just a seasonal inconvenience—it's a real hidden cost to living comfortably and healthily in Colorado. With winters colder than a brass monkey's tail and summers that don't offer much relief in terms of humidity, your home's air quality is on the front line. So, what's the financial tale here, and how do you come...

Continue Reading
IASLC Boosts Global Thoracic Cancer Collaboration

Updated Category News Views 3

Breaking Down Barriers in Thoracic Oncology Picture a world where financial walls don't block innovation and knowledge sharing in cancer treatment. The International Association for the Study of Lung Cancer (IASLC) is leading the charge here. They've just launched a new initiative offering complimentary full membership to qualified healthcare professionals in low- and...

Continue Reading
New 2027 Jeep Wrangler JL-2A: A Blast from the Past

Updated Category News Views 2

Revisiting a Prized Legacy: The 2027 Jeep Wrangler JL-2A Sometimes, what’s new is really just a nod to what’s old—and nowhere is this more so than with the 2027 Jeep Wrangler JL-2A. In the grand parade of automotive history, Jeep's latest creation is more than just a vehicle; it's a time machine that cruises on its historic lineage while strapping on all the modern...

Continue Reading
SystImmune's Data on Iza-bren Show Promise for Lung Cancer

Updated Category News Views 7

Stepping into New Territory with SystImmune Amid the cacophony of biotech whispers and the marketplace hum, SystImmune is trotting out something that might just make the folks in lab coats raise an eyebrow. They’ve got new data for Iza-bren—none of that flashy PR chatter—but it's damn promising if you ask me. At the World Conference on Lung Cancer in Seoul,...

Continue Reading
PathoSearch: A New Era in Pathology With Visual Search

Updated Category News Views 7

Revolutionizing Pathology with a Visual Search Engine In an era where time is money and precision is paramount, Aignostics is betting big on transforming the pathology landscape. Today, their announcement of PathoSearch, a visual search engine designed for retrieving comparable diagnosed pathology cases, marks a massive leap towards streamlining the diagnostic process....

Continue Reading
Larry Ellison's Moves Signal Confidence in Oracle's Future

Updated Category News Views 2

Unraveling Ellison's Bold Decision There's nothing like a sudden shift from a tech titan to make Wall Street sit up and take notice. Today, we got the word that Larry Ellison, Oracle's big gun as Executive Chair and CTO, has pulled the plug on his plan to sell Oracle stock. No dice, no distance covered under that plan. And he's made it crystal clear—selling isn't on his...

Continue Reading
Countries Eye New Investment Paths at CIFIT 2026

Updated Category News Views 4

Global Investment Winds Shift at CIFIT In the thick of a world that's being turned on its head, you've got big shots from 129 countries and 30 international organizations talking shop at the 26th China International Fair for Investment and Trade (CIFIT) in Xiamen. Take your pick from the 48 of the world's top 50 GDP powerhouses rubbing shoulders there—this ain't your...

Continue Reading

Top 5 Most Recently Viewed Articles

JPMorgan Chase Expands Digital Asset Offerings with JPM Coin

Updated Category News Views 249

JPMorgan Chase Introduces JPM Coin to Clients JPMorgan Chase & Co. (NYSE:JPM) has officially launched its JPM Coin, a digital currency aimed at institutional clients. This coin represents dollar deposits at the bank, enabling seamless transactions on the blockchain platform provided by Coinbase (NASDAQ:COIN). As financial institutions progressively explore the world of...

Continue Reading
Vantage Innovations Prepare for the iFX Expo in Dubai 2025

Updated Category News Views 87

Vantage's Exciting Role at iFX Expo Dubai 2025 Vantage Markets, a leading multi-asset trading platform, is thrilled to announce its participation at the highly anticipated iFX Expo Dubai 2025. This premier global event taking place at the Dubai World Trade Centre is known for connecting industry leaders from the FX, fintech, and crypto sectors. Vantage is set to showcase...

Continue Reading
Strategic Financing for Expansive Industrial Portfolio

Updated Category News Views 181

$820 Million Secured for Industrial Properties JLL's Capital Markets group recently finalized an impressive refinancing deal worth $820 million. This arrangement, involving CIP Real Estate and Almanac Realty Investors, is focused on an extensive portfolio of 42 shallow bay industrial properties. Portfolio Overview and Its Strategic Importance Spanning a significant 6.1...

Continue Reading
Understanding Shareholder Rights in Mergers and Acquisitions

Updated Category News Views 177

Understanding Shareholder Rights in Mergers and Acquisitions When corporate mergers occur, it is pivotal for shareholders to understand their rights and the nuances of their investments. Recently, companies like Intevac, Logility, Paragon 28, and ESSA Bancorp have drawn attention due to proposed acquisitions, which compel shareholders to be aware of their legal standing...

Continue Reading
Veeco Instruments Engages Investors at Major Conference Event

Updated Category News Views 112

Veeco Instruments Inc. Engages Investors at Conference Veeco Instruments Inc. (NASDAQ: VECO) is set to announce its participation in an important investor engagement event. Management will take part in an insightful Fireside Chat at a prominent Technology, Media, & Telecom Conference. This session will kick off at 6:20 PM ET and offers a unique opportunity for investors...

Continue Reading