Inspections show no damage to twin pipelines
CALGARY, AB and
LANSING, Mich., June 22, 2020 /CNW/ - Enbridge Inc. (TSX: ENB)
(NYSE: ENB) (Enbridge) said today the temporary restraining order
and preliminary injunction sought by the Attorney General of
Michigan is legally unsupportable,
unnecessary, and will be vigorously opposed by Enbridge.
Enbridge understands the importance of the Great Lakes to the
State and the need to protect the Straits, the environment and
people. As part of its thorough maintenance and inspection program,
Enbridge first noted a disturbance to an anchor support on the east
leg last Thursday and immediately shut down both legs of the Line 5
dual pipelines crossing the Straits of Mackinac as a precautionary measure. The east
leg pipeline remains shut down, while the west leg was restarted
after a thorough review and consultation with our safety
regulator.
"We have been working very closely with the Pipeline and
Hazardous Materials Safety Administration (PHMSA), to ensure it is
able to assess the safety of the dual pipelines. This included
informing them of our completion of Remote Operated Vehicle
inspections of the west leg of the line, which confirmed there was
no mechanical damage to the pipeline or any support-anchors. We
have also provided engineering assessments and other materials to
State officials." said Vern Yu,
Enbridge's Executive Vice-President and President, Liquids
Pipelines. "We continue to work with PHMSA to answer their
questions about our assessments of the dual pipelines."
Line 5 is a critical source of 540,000 barrels per day of
propane and crude oil supply for Michigan and surrounding areas that make up
the regional supply network for the State, producing transportation
fuels and consumer goods. Line 5 has operated reliably and safely
in the Straits since 1953 and continues to do so today.
A copy of Enbridge CEO Al
Monaco's June 21, 2020 letter
to Governor Whitmer which chronicles communication with the State
on June 20 and 21, as well as
undertakings to provide all findings to both the State and PHMSA,
is attached to this release.
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 5 dual pipelines and any expected or possible litigation
and the effects thereof, regulatory and permitting actions and
decisions, and economic and other 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 in this news release with regards to the
Line 5 dual pipelines include the impact of government and
regulatory actions, approvals and litigation on ongoing
operations.
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.; Gas Distribution
and Storage, which serves approximately 3.8 million retail
customers in Ontario and Quebec; and Renewable Power
Generation, which generates approximately 1,750 MW of net renewable
power in North America and Europe. The Company's
common shares trade on the Toronto and New
York stock exchanges under the symbol ENB. For more
information, visit www.enbridge.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
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 to download
multimedia:http://www.prnewswire.com/news-releases/enbridge-says-line-5-injunction-unnecessary-301081478.html
SOURCE Enbridge Inc.