April 2017, Vol. 244, No. 4

In The News

In the News

Enbridge at 66,000 Miles of Pipelines with Addition of Spectra Oil and natural gas pipeline giant Enbridge is now the dominant energy transportation and storage company in North America after finalizing its buyout of Spectra Energy Partners on Feb. 27. The Calgary-based company bought Spectra in a deal valued at $28 billion. Before the buyout, Enbridge had 17,500 miles of liquids pipelines and 34,000 miles of natural gas pipelines. By acquiring Spectra, Enbridge added 15,000 miles of pipeline infrastructure. With an enterprise value of $166 billion CAD ($126 billion US), the combined entity is now the largest energy infrastructure company in North America. Enbridge had to meet terms tied t

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