Enbridge Secures Approval for Mainline Tolling Settlement
Enbridge’s Mainline Pipeline System Receives Regulatory Approval
Enbridge Inc. reported that the Canada Energy Regulator (CER) has approved a negotiated settlement for the Mainline pipeline system’s tolling structure. This settlement, which will be in effect until December 31, 2028, establishes tariffs for the transportation of energy products and liquids from Western Canada across the continent.
CER Approves Tariffs retroactively effective from July 1, 2021
The CER’s approval follows guidelines for negotiated settlements and confirms tariffs that have been in place on an interim basis since July 1, 2023. These tariffs are retroactively effective from July 1, 2021, ensuring clarity and stability in the tariff structure.
Enbridge’s Positive Response to CER Approval
Colin Gruending, President of Liquids Pipelines at Enbridge, expressed satisfaction with the CER’s decision, highlighting the unanimous approval from the industry. He emphasized the benefits the decision brings to customers, Enbridge, and the broader North American energy market.
Mainline Pipeline’s Role in Energy Infrastructure
The Mainline pipeline system plays a vital role in North America’s energy infrastructure by delivering energy products safely and reliably. Enbridge underscores its commitment to investing in traditional and modern energy infrastructure to ensure secure and affordable access to energy.
Enbridge’s Focus on Sustainable Energy and Net Zero Emissions
Enbridge has set a goal to achieve net zero greenhouse gas emissions by 2050, with ongoing investments in technologies such as hydrogen, renewable energy, carbon capture, and storage. The company’s efforts align with a sustainable energy future.
Enbridge’s Operations and Market Presence
Headquartered in Calgary, Alberta, Enbridge operates extensive networks for natural gas, oil, and renewable power in North America. Additionally, the company has a growing offshore wind portfolio in Europe, showcasing its global market presence and diverse energy portfolio.
Details on Mainline Tolling Agreement
For more information on the Mainline Tolling Agreement, interested parties can visit the CER website to access relevant details. This article is based on Enbridge Inc.’s press release statement.
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