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Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable
Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable Canada News...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n \n \n \n Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnml6{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.50em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n April 1, 2024\n \n \n /CNW/ - Enbridge Inc. (\"Enbridge\" or \"the Company\") (TSX: ENB) (NYSE: ENB) announced today the closing of the agreement to sell its 50.0% interest in Alliance Pipeline and its 42.7% interest in\n \n Aux Sable\n \n to Pembina Pipeline Corporation (\"Pembina\") (TSX: PPL) (NYSE: PBA) for\n \n $3.1 billion\n \n , previously announced on\n \n December 13, 2023\n \n .\n \n \n This is an important milestone and Enbridge remains committed to working closely with Pembina to ensure the safe and reliable operation of the assets during the transition period.\n \n \n The divestiture represents a key element of Enbridge's financing plan. The sale proceeds will fund a portion of the Company's strategic U.S. gas utilities acquisitions and be used for debt reduction.\n \n \n \n About Enbridge Inc.\n \n \n \n At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil, and renewable power networks and our growing European offshore wind portfolio. We are investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We are advancing new technologies, including hydrogen, renewable natural gas,  and carbon capture and storage, and are committed to achieving net zero greenhouse ga...