Enbridge Receives Canada Energy Regulator Approval For Mainline Tolling Settlement Effective Until December 31, 2028
Portfolio Pulse from Benzinga Newsdesk
Enbridge Inc. (NYSE:ENB) has received approval from the Canada Energy Regulator for its Mainline Tolling settlement, effective until December 31, 2028. This settlement establishes tariffs for crude oil and liquids shipments across North America, promising competitive service for customers, attractive returns for Enbridge, and a long-term energy source for the market. The agreement, unanimously approved by the industry, was retroactively effective from July 1, 2021.
March 04, 2024 | 9:41 pm
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Enbridge Inc. receives regulatory approval for its Mainline Tolling settlement, ensuring competitive tariffs and attractive returns until 2028.
The approval of the Mainline Tolling settlement by the Canada Energy Regulator is a significant positive development for Enbridge Inc. It ensures the company can set competitive tariffs for crude oil and liquids shipments, which is likely to enhance its revenue and profitability. The unanimous industry approval and the long-term nature of the settlement until 2028 provide a stable regulatory and financial environment for Enbridge, positively impacting investor confidence and potentially the stock price in the short term.
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