CALGARY,
AB, Nov. 4, 2022 /PRNewswire/ - Enbridge
Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced
today that it will conduct an open season for additional natural
gas transportation service on the T-North segment of its B.C.
Pipeline (T-North), a natural gas pipeline system in British Columbia (B.C.). T-North runs
from the Fort Nelson area and
transports natural gas south to the T-South segment of the
Company's B.C. pipeline system (T-South) and east to
interconnecting pipelines at the B.C.-Alberta border.
Pending sufficient customer interest, the open season could
result in an expansion of T-North of approximately 500 million
cubic feet per day (MMcf/d) at a capital cost of up to CAD
$1.9 billion. The potential expansion
would serve growing regional demand for natural gas, West Coast LNG
exports and downstream demand.
The T-North open season will begin on November 4, 2022 and is targeted to end on
January 10, 2023.
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 T-North
open season and potential expansion project, including open season
dates and the characteristics, anticipated capital cost and
benefits of the T-North expansion project.
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, natural
gas liquids, renewable energy and other commodities, 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, 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, including estimated in-service
dates, capital costs and the realization of anticipated benefits,
include the following: the impact of litigation and government,
regulatory and stakeholder 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
At Enbridge, we safely connect millions of people to the
energy they rely on every day, fueling quality of life through our
North American natural gas, oil or renewable power networks and our
growing European offshore wind portfolio. We're investing in modern
energy delivery infrastructure to sustain access to secure,
affordable energy and building on two decades of experience in
renewable energy to advance new technologies including wind and
solar power, hydrogen, renewable natural gas and carbon capture and
storage. We're committed to reducing the carbon footprint of the
energy we deliver, and to achieving net zero greenhouse gas
emissions by 2050.
Headquartered in Calgary,
Alta., Enbridge's common shares trade under the symbol ENB
on the Toronto (TSX) and
New York (NYSE) stock exchanges.
To learn more, visit us at Enbridge.com
For Further Information Please Contact:
Enbridge
Media
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
View original
content:https://www.prnewswire.com/news-releases/enbridge-announces-open-season-for-natural-gas-transportation-service-on-t-north-pipeline-segment-of-bc-pipeline-system-301668432.html
SOURCE Enbridge Inc.