Enbridge to Provide Terminaling and Pipeline Services to BA Energy Upgrader.CALGARY, Alberta -- Enbridge Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ENB) (NYSE NYSE See: New York Stock Exchange :ENB) today announced that it has entered into agreements to provide terminaling and pipeline services to the Heartland Upgrader under development by BA Energy at Fort Saskatchewan, Alberta Fort Saskatchewan is a city of 14,957 (2006 census) located km ( mi) northeast of downtown Edmonton, Alberta, Canada. The two city's boundaries touch across the North Saskatchewan River. History In 1875, under the command of Inspector W.D. . Enbridge expects to invest approximately $80 million in new facilities to provide the services under long-term commitments provided by BA Energy for both the terminal and pipeline facilities. The Heartland Upgrader will utilize technology developed by Value Creation Inc., the parent of BA Energy, to upgrade raw bitumen bitumen (bĭty `mən) a generic term referring to flammable, brown or black mixtures of tarlike hydrocarbons, derived naturally or by distillation from petroleum. into a
higher value refinery feedstock.
Enbridge will provide storage services at a new satellite terminal it will develop at Fort Saskatchewan, adjacent to the upgrader. It will also provide pipeline transportation for the upgrader's output from the new terminal to the nearby Edmonton terminal and refinery. The Enbridge facilities are scheduled to be in service in the fourth quarter of 2007. J. Richard Bird The name Richard Bird may refer to:
The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. within Alberta. These new facilities will also establish an important strategic foothold in the Heartland area and once again demonstrates our ability to offer the industry customized energy infrastructure solutions." Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and internationally. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has international operations and a growing involvement in the natural gas transmission and midstream businesses. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State. Enbridge employs approximately 4,300 people, primarily in Canada, the U.S. and South America. Enbridge's common shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. in Canada and on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. in the U.S. under the symbol ENB. Information about Enbridge is available on the Company's web site at www.enbridge.com. Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Enbridge believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties pertaining to operating performance, regulatory parameters, weather, economic conditions and commodity prices. You can find a discussion of those risks and uncertainties in our Canadian securities filings and American SEC filings. While Enbridge makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Enbridge assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise. |
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