Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Enbridge Inc.
  6. News
  7. Summary
    ENB   CA29250N1050

ENBRIDGE INC.

(ENB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Enbridge : gets U.S. okay to return TETCO natgas pipe to full service

07/30/2021 | 10:44am EDT

(Reuters) - Enbridge Inc said federal pipeline safety regulators gave its Texas Eastern Transmission (TETCO) unit permission to return the Pennsylvania to Mississippi natural gas pipeline back to full pressure following a two-month reduction.

TETCO declared a force majeure on May 28 after the U.S. Pipeline and Hazardous Material Safety Administration (PHMSA) required the company to reinstate a 20% pressure restriction on two of three lines (Lines 10 and 15) that make up its 30-inch (76.2-cm) system between its Kosciusko, Mississippi, and Uniontown, Pennsylvania, compressor stations effective June 1.

That reduction cut flows from Appalachia to the Gulf Coast on the 30-inch system at the Danville compressor station in Kentucky to an average of 1.2 billion cubic feet per day (bcfd) in June and 1.4 bcfd so far in July from an average of 1.9 bcfd in May, according to Refinitiv data.

TETCO said in a notice to customers late Thursday that it was in the process of returning capacity through Danville back to around 1.9 bcfd on Aug. 4.

One billion cubic feet is enough gas to supply about 5 million U.S. homes for a day.

PHMSA's order came as part of the agency's increased monitoring of TETCO after three explosions in the last few years.

The first was in January 2019 in Ohio, the second in August 2019 in Kentucky, which was fatal, and the third in May 2020 in Kentucky.

Before allowing TETCO to return to full pressure after the third explosion, PHMSA required TETCO to conduct inspections and submit a request every 90 days to remain at full pressure.

PHMSA ordered the reduction after TETCO found "an anomaly" during a recent inspection that the agency wanted to investigate.

(Reporting by Scott DiSavino; Editing by Marguerita Choy)


© Reuters 2021
All news about ENBRIDGE INC.
12:21pLATEST MINNESOTA NEWS, SPORTS, BUSIN : 20 a.m. CDT
AQ
09/17ENBRIDGE : Ordered To Pay US$3 Million for Line 3 Groundwater Leak
MT
09/17ENBRIDGE : ordered to pay $3M for Line 3 groundwater leak
AQ
09/17ENBRIDGE : fined for breaching Minnesota environmental laws during Line 3 constr..
AQ
09/17Natural Gas Down for a Second Day After Touching a Seven-Year High on a Large..
MT
09/17LATEST MINNESOTA NEWS, SPORTS, BUSIN : 20 p.m. CDT
AQ
09/16Enbridge fined $3.32 million for failings in Line 3 replacement project
RE
09/16Natural Gas Continues Push to New Multi-Year Highs Ahead of Fresh Storage Dat..
MT
09/16BW Ideol, EDF Unit Team Up for 270-MW Floating Offshore Wind Tender
MT
09/15ENBRIDGE : Westcoast Energy Announces Redemption of Cumulative 5-Year Minimum Ra..
AQ
More news
Analyst Recommendations on ENBRIDGE INC.
More recommendations
Financials
Sales 2021 44 644 M 34 939 M 34 939 M
Net income 2021 5 595 M 4 379 M 4 379 M
Net Debt 2021 72 077 M 56 407 M 56 407 M
P/E ratio 2021 17,9x
Yield 2021 6,59%
Capitalization 103 B 80 497 M 80 313 M
EV / Sales 2021 3,91x
EV / Sales 2022 3,69x
Nbr of Employees 11 200
Free-Float 86,4%
Chart ENBRIDGE INC.
Duration : Period :
Enbridge Inc. Technical Analysis Chart | ENB | CA29250N1050 | MarketScreener
Technical analysis trends ENBRIDGE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 50,66 CAD
Average target price 54,92 CAD
Spread / Average Target 8,40%
EPS Revisions
Managers and Directors
Albert Monaco President, CEO & Non-Independent Director
Colin K. Gruending Chief Financial Officer & Executive Vice President
Gregory Lorne Ebel Non-Executive Chairman
Bhushan Ivaturi Chief Information Officer & Senior Vice President
Tyler W. Robinson Chief Compliance Officer & VP-Enterprise Security
Sector and Competitors
1st jan.Capi. (M$)
ENBRIDGE INC.24.44%80 497
TC ENERGY CORPORATION21.16%48 158
ENTERPRISE PRODUCTS PARTNERS L.P.12.30%48 078
KINDER MORGAN, INC.16.75%36 174
THE WILLIAMS COMPANIES, INC.26.08%30 714
MPLX LP32.29%29 374