Report
Joe Gemino
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Minnesota Public Utilities Commission Reaffirms Enbridge's Line 3, Again

As expected, the Minnesota Public Utilities Commission ruled in favor of Enbridge’s Line 3 replacement project. On March 26, the MPUC unanimously rejected the Minnesota Commerce Department’s petitions for reconsideration of the commission's June 2018 certificate of need of approval on the Line 3 replacement project. This decision represents third time that the MPUC ruled in favor of the project. Opponents now have a 30-day period to notify the Minnesota Court of Appeals of any intent to appeal t...
Underlying
Enbridge Inc.

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joe Gemino

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