Enbridge Energy Partners LP

Published : April 26th, 2015

Enbridge seeks replacement pipeline in Minnesota

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Keywords :   Canada | Growth | Oil |

Enbridge seeks replacement pipeline in Minnesota

ST. PAUL, Minn. (AP) -- Enbridge Energy has asked Minnesota regulators for approval to build a replacement pipeline across northern Minnesota.

The proposed 337-mile pipeline would cost more than $2 billion and would replace the 1960s-era Line 3 pipeline. The existing line carries crude oil from Canada to the Midwest but has a history of ruptures.

Enbridge, based in Calgary, Alberta, filed its application with the Minnesota Public Utilities Commission on Friday. The Minnesota segment is part of a $7.5 billion project by Enbridge to build a new 36-inch diameter line from Hardisty, Alberta, to Superior, Wisconsin, where Enbridge has a terminal and connections to pipelines serving the Midwest, Gulf Coast and eastern Canada.

Like Enbridge's other big Minnesota pipeline project — the proposed Sandpiper from North Dakota — the Line 3 replacement would pass through Clearbrook, Minnesota, site of two oil terminals, then turn southeast toward Park Rapids, and finally east to Superior.

Although the two lines are on the same route, Enbridge is required to get a separate route permit for Line 3, along with a certificate of need. Earlier this month, an administrative judge concluded that the Sandpiper project is needed.

The company wants to begin construction on the Line 3 replacement next year, and finish in 2017, the Star Tribune (http://strib.mn/1GvTUfr ) reported.

In filings with the PUC, Enbridge said that growth in western Canada's crude oil production over the next 15 years will quickly fill the new, expanded Line 3.

An analysis for Enbridge by consulting firm Muse Stancil said that Canada's National Energy Board projects a 2.1 million barrel-per-day increase in production from Alberta's oil sands by 2030. Enbridge's Line 3 replacement would carry 760,000 barrels per day.

"The forward outlook for western Canada is one of very large increases in crude oil supply," Muse Stancil said. "The project represents a small portion of the transportation capacity that will have to be utilized over the next decade."

Oil shipped by the expanded Line 3 will reduce restricted deliveries caused by pipeline bottlenecks that affect two refineries in the Twin Cities and others in the Midwest, Gulf Coast and eastern Canada, Enbridge said.

The existing Line 3 pipeline, which takes a different path past Bemidji, Grand Rapids and Cloquet, would be decommissioned. Enbridge said that line operates at partial capacity and has "a large number of integrity anomalies."

Accidents on the existing Line 3 have included a 1991 spill of 1.7 million gallons of crude oil at Grand Rapids, a 2002 rupture near Cohasset and an explosion and fire during a 2007 repair job near Clearbrook that killed two workers.

MN350, an environmental group focused on addressing climate change by reducing fossil fuels, plans to fight the project, said Andy Pearson, the group's Midwest Tar Sands coordinator.

"If Line 3 is a hazard, they need to be shutting it down," he told the Star Tribune. "We believe they shouldn't rebuild it."

___

Information from: Star Tribune, http://www.startribune.com

Read the rest of the article at sg.finance.yahoo.com
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Enbridge Energy Partners LP

CODE : EEP
ISIN : US29250R1068
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Enbridge Energy is a and oil producing company based in United states of america.

Enbridge Energy holds various exploration projects in USA.

Its main exploration property is LAKEHEAD in USA.

Enbridge Energy is listed in United States of America. Its market capitalisation is US$ 3.4 billions as of today (€ 3.0 billions).

Its stock quote reached its lowest recent point on June 22, 2018 at US$ 10.00, and its highest recent level on December 19, 2018 at US$ 10.43.

Enbridge Energy has 326 517 110 shares outstanding.

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2/18/2011to Webcast Its EEP Day 2011 Investment Community Conference
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7/27/2010Lakehead System Pipeline Leaks Crude Oil Near Marshall, Mich...
2/25/2010Announces $500 Million Senior Notes Offering
1/5/2010More Than 50,000 Barrels per Day of Crude Oil Capacity Added...
7/20/2009Assist Enbridge Energy Partners With U.S. Alberta Clipper Fu...
2/24/2009Makes 2008 K-1 Tax Packages Available Online
11/6/2008Open Season for Firm Capacity on Midla Interstate Natural
8/29/2008 Report of unscheduled material events or corporate changes
8/22/2008Report of unscheduled material events or corporate changes
8/7/2008Report of unscheduled material events or corporate changes
6/25/2008Pre-effective amendment to an S-4 filing
5/16/2008Report of unscheduled material events or corporate changes
5/16/2008Registration of securties issued in business combination tra...
4/1/2008Report of unscheduled material events or corporate changes
1/29/2008Report of unscheduled material events or corporate changes
1/4/2008 Report of unscheduled material events or corporate changes
12/20/2007 Report of unscheduled material events or corporate changes
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