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Stock Market & Financial Investment News

News Breaks
January 6, 2014
09:10 EDTENBEnbridge to invest $200M in Texas wind power project
Enbridge announced that it has entered into an agreement with Renewable Energy Systems Americas for construction of the 110-megawatt Keechi Wind Project, located in Jack County, Texas, at a cost of approximately $200M. Construction for Keechi Wind commenced in December 2013 and the project is expected to reach commissioning in the 1Q15.
News For ENB From The Last 14 Days
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September 30, 2014
18:48 EDTENBEnbridge expects one-year delay in U.S. approval for oil pipeline, WSJ says
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14:50 EDTENBEnbridge to spend $39.4B on new pipeline through 2018, sees 10%-12% boost in EPS
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September 26, 2014
08:33 EDTENBEnbridge to hold a meeting
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September 25, 2014
09:29 EDTENBEnbridge drops out of auction for BG Group pipeline, AFR says
Enbridge (ENB) has dropped out of the bidding to buy BG Groupís (BRGYY) $4B Queensland gas pipeline, according to The Australian Financial Review. Reference Link
September 23, 2014
09:06 EDTENBEnbridge invests $255M in Lac Alfred, Massif du Sud wind projects
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September 22, 2014
17:13 EDTENBEnbridge to transfer $1.76B of assets to Enbridge Income Fund
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September 18, 2014
12:28 EDTENBEnbridge Energy drop down from Enbridge a net postive, says Wells Fargo
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September 17, 2014
08:12 EDTENBEnbridge Energy receives $900M drop down proposal from Enbridge
Enbridge Energy Partners (EEP) has received a proposal initiated by Enbridge (ENB) through Enbridge Energy Company, EEP's general partner, under which Enbridge would drop down its 66.7% interest in the U.S. segment of the Alberta Clipper Pipeline to EEP for aggregate consideration of approximately $900M. The proposed consideration includes cash of approximately $300M, plus approximately $600M of a new Class E limited partner equity units to be issued to Enbridge by EEP. The proposed terms would not require EEP to issue any equity in the public market. The board of Enbridge Energy Management, the delegate of Enbridge, has appointed a special committee comprised of independent directors to review the proposal. Its acceptance is subject to the review and favorable recommendation by the special committee and final approval by the board. The drop down transaction is targeted to close by the end of 2014. The proposed contribution value corresponds to an approximate 11 times multiple of expected 2015 EBITDA. Alberta Clipper earns a stable cost of service return, which is not subject to variations in throughput or operating costs. EEP estimates that the proposed drop down is expected to be immediately accretive to distributable cash flow per unit by approximately 3%.
08:02 EDTENBEnbridge proposes to transfer $900M asset to Enbridge Energy
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