Best Idea Enbridge’s Line 3 Replacement in the Lead Among Pipeline Expansion Projects
Best Idea and wide-moat Enbridge has reached an agreement with the Fond du Lac Band of Lake Superior Chippewa for a 20-year easement on the Line 3 replacement project through the reservation in Minnesota along with a new 20-year easement on the rest of the Mainline. The tribe also agreed to not participate in any opposition to the project despite being one its largest critics. Management doesn’t expect any material changes to the cost of the project and still expects an in-service date in the se...Enbridge is an energy transportation and distribution companyoperating in 5 segments: Liquids Pipelines, consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals; Gas Distribution, of Co.'s natural gas utility operations; Gas Pipelines and Processi consists of investments in natural gas pipelines and processing facilities; Green Power and Transmission, consists of Co.'s investments in renewable energy assets and transmission facilities; and Energy Services, consist of physical commodity marketing activity and logistical services.
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