Pipeline operator Enbridge to invest $2.4 bln in infrastructure, renewable energy
Posted on AllSides March 1st, 2023
From The Center
March 1 (Reuters) - Enbridge Inc (ENB.TO) will invest C$3.3 billion ($2.42 billion) in natural gas and liquids infrastructure and in renewable power this year and expects an annual core earnings growth rate of 4% to 6% through 2025, the Canadian company said on Wednesday. The Calgary, Alberta-based pipeline operator said it would buy a gas storage facility in Tres Palacios in the U.S. Gulf of Mexico coast region for $335 million to strengthen its liquefied natural gas (LNG) export business. The deal, expected to close in the second quarter,...