Enbridge takes trust route

Moves C$850 million of assets into income fund, including stake in Alliance pipeline

Gary Park

Petroleum News Calgary Correspondent

Enbridge is creating an C$850 million income trust, topped by its 50 percent stake in the Alliance pipeline which is seen as a pivotal player in moving northern natural gas to the U.S. Midwest. Canada’s second largest energy pipeline company said May 26 that the Alliance holding plus its 100 percent....

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Looking to buy, expand

Likely to play major role in northern gas

Committed to Aux Sable