April 25th, 2024

Energy regulator approves Enbridge tolling deal for Mainline pipeline system

By The Canadian Press on March 4, 2024.

Enbridge Inc. says the Canada Energy Regulator has approved a tolling deal for its Mainline pipeline system. The Enbridge logo is shown at the company's annual meeting in Calgary on May 9, 2018. THE CANADIAN PRESS/Jeff McIntosh

CALGARY – Enbridge Inc. says the federal energy regulator has approved the tolling deal for its Mainline pipeline system.

It’s the latest milestone after the Calgary-based company reached an agreement with shippers in May of last year.

The now-approved deal sets tariffs for crude oil and liquids shipments starting in Western Canada and delivering across North America.

The Mainline network is Canada’s largest oil pipeline system, accounting for about 70 per cent of the total oil pipeline transportation capacity out of Western Canada.

Though demand for shipping on the Mainline has recently been exceeding capacity, pressure on the network is expected to ease once the Trans Mountain expansion project is up and running.

Enbridge’s toll deal is effective until the end of 2028.

This report by The Canadian Press was first published March 4, 2024.

Companies in this story: (TSX:ENB)

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