CALGARY, AB and LANSING, MI, July 1,
2020 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE:
ENB) – Today the Ingham County Circuit Court of the
State of Michigan amended its
temporary restraining order requiring Enbridge to temporarily shut
down the west segment of the Line 5 dual pipelines through the
Straits of Mackinac.
Enbridge will now begin safely restarting the west segment and
anticipates operations will soon return to normal. Pursuant to the
court order, we will conduct an inline inspection tool run on the
west segment and share our findings with the State in accordance
with the court's orders.
The east segment of Line 5 will remain shut down as we work with
our safety regulator, the Pipeline and Hazardous Materials Safety
Administration, to ensure all of the safety assessments are
complete and data provided prior to restarting the east
segment.
Enbridge is committed to sharing this information with the
State of Michigan to keep them
informed regarding our inspections of the east segment.
Enbridge's Line 5 has served Michiganders safely without
incident at the Straits crossing for more than 65 years. We remain
willing to work with the State going forward to address issues of
concern about the safety of Line 5 and its ultimate replacement
with The Great Lakes Tunnel that will contain a new section of
pipeline. Enbridge is currently seeking permit approval of the
tunnel which, upon completion, will make a safe pipeline even
safer.
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 regards to
the Line 5 dual pipelines, restart of the west segment and
regulatory and permitting process, actions, decisions, and the
effects thereof.
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 and future
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
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SOURCE Enbridge Inc.