CALGARY, AB and
DULUTH, Minn, Nov. 23, 2020 /CNW/ - Today the US Army Corps of
Engineers announced approvals of federal permits for Enbridge's
Line 3 project, including the Section 404, Section 10 and Section
408 permits.
"We have now received all federal permits required for replacing
Line 3, an essential maintenance project that will better protect
Minnesota communities and the
environment," said Leo Golden Vice
President of Line 3 Execution. "These permits reflect yet
another science-based approval for the project, which now moves
closer to the start of construction, hopefully before the end of
the year. Final state permits and authorizations are still needed
before work can begin."
The US Army Corps of Engineers review process was very thorough
and included robust public participation, including consultation
with 30 participating tribes. One key permitting input was the
Tribal Cultural Resource Survey of the entire route of Line 3 which
was managed by the Fond du Lac Band of Lake Superior
Chippewa. The survey was the longest and most extensive of
its kind for an energy project.
The replacement of Line 3 is a safety and maintenance focused
private investment in Minnesota's
energy infrastructure. It is the best option for protecting the
environment and communities while meeting the region's energy
needs.
The project is poised to provide significant economic benefits
for counties, small businesses, Native American communities, and
union members – bringing 4,200 family-sustaining, mostly local
construction jobs, millions of dollars in local spending and
additional tax revenues at a time when Northern Minnesota needs it most.
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 Line 3
Replacement Project and expected regulatory and permitting actions
and decisions, capital expenditures, construction schedules and
anticipated economic benefits.
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, NGL and
renewable energy, 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, the COVID-19 pandemic, 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 such as the Line 3 Replacement Project, including
estimated completion dates and expected capital expenditures,
include the following: the COVID-19 pandemic and the duration and
impact thereof; the impact of customer, government and regulatory
approvals on construction and in-service schedules and cost
recovery regimes; 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 Inc.
Enbridge Inc. is a leading North American energy
infrastructure company. We safely and reliably deliver the energy
people need and want to fuel quality of life. Our core businesses
include Liquids Pipelines, which transports approximately 25
percent of the crude oil produced in North America; Gas Transmission and Midstream,
which transports approximately 20 percent of the natural gas
consumed in the U.S.; and Utilities and Power Operations, which
serves approximately 3.7 million retail customers in Ontario and Quebec, and generates approximately 1,750 MW
of net renewable power in North
America and Europe. The
Company's common shares trade on and stock exchanges under the
symbol ENB. For more information, visit the Toronto and New
York stock exchanges under the symbol ENB. For more
information, visit www.enbridge.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Juli Kellner Toll
Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Jonathan
Morgan Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
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SOURCE Enbridge Inc.