CALGARY, AB and LANSING, MI, June 25,
2020 /CNW/ -Today a Michigan Circuit Court issued a
Temporary Restraining Order requiring Enbridge (TSX: ENB) (NYSE:
ENB) to shut down Line 5 through the Straits of Mackinac within 24 hours until a hearing on
the State's request for preliminary injunction can be held
Tuesday, June 30, 2020 and a ruling
made on the preliminary injunction.
Vern Yu, Executive Vice President
and President of Liquids Pipelines said: "Enbridge is disappointed
in the court's ruling as we believe that Line 5 is safe; however,
the west leg of Line 5 has been shut down."
The federal Pipeline and Hazardous Materials Safety
Administration (PHMSA) has regulatory oversight of the pipeline's
operations and fitness for service. Enbridge will be providing the
court with the information it has requested relating to PHMSA's
approach to assessing the current situation with Line 5, including
restart planning for the west leg.
"Inspections have determined that the west segment of Line 5
crossing the Straits is safe for operations and which PHMSA did not
object to restarting; we had shut down the east segment of the
pipeline pending a review of a disturbance that was discovered on
one of the screw anchors and an assessment of the east leg's
fitness for service," Yu said.
Enbridge is committed to protecting the environment and the
waters of the Great Lakes, while keeping energy flowing safely and
reliably to the people who need it.
An extended shutdown of Line 5 would threaten fuel supplies in
Michigan and Ohio resulting in critical gasoline supply
shortages and gasoline price increases for consumers in
Michigan and the surrounding
region.
Forward Looking Information
Forward-looking information, or forward-looking statements,
have been included in this news release to provide information
about Enbridge Inc. ("Enbridge" or the "Company") and its
subsidiaries and affiliates, including management's assessment of
Enbridge and its subsidiaries' future plans and operations. This
information may not be appropriate for other purposes.
Forward-looking statements are typically identified by words such
as ''anticipate'', ''expect'', ''project'', ''estimate'',
''forecast'', ''plan'', ''intend'', ''target'', ''believe'',
"likely" and similar words suggesting future outcomes or statements
regarding an outlook. Forward-looking information or statements in
this news release include statements with regards to the Line 5
dual pipelines and their shutdown, current and possible litigation
with respect thereto and the effects thereof, regulatory and
permitting actions and decisions, and the effects of any
shutdown.
Although Enbridge believes these forward-looking statements
are reasonable based on the information available on the date such
statements are made and processes used to prepare the information,
such statements are not guarantees of future performance and
readers are cautioned against placing undue reliance on
forward-looking statements. By their nature, these statements
involve a variety of assumptions, known and unknown risks and
uncertainties and other factors, which may cause actual results,
levels of activity and achievements to differ materially from those
expressed or implied by such statements. Assumptions regarding the
expected supply of and demand for crude oil, natural gas, NGL and
renewable energy, and the prices of these commodities, are material
to and underlie all forward-looking statements, as they may impact
current and future levels of demand for the Company's services.
Similarly, the COVID-19 pandemic, exchange rates, inflation and
interest rates impact the economies and business environments in
which the Company operates and may impact levels of demand for the
Company's services and cost of inputs, and are therefore inherent
in all forward-looking statements. Due to the interdependencies and
correlation of these macroeconomic factors, the impact of any one
assumption on a forward-looking statement cannot be determined with
certainty. The most relevant assumptions associated with
forward-looking statements in this news release with regards to the
Line 5 dual pipelines include the impact of government and
regulatory actions, approvals and litigation on ongoing and future
operations.
Enbridge's forward-looking statements are subject to risks
and uncertainties, including, but not limited to those risks and
uncertainties discussed in this news release and in the Company's
other filings with Canadian and United
States securities regulators. The impact of any one risk,
uncertainty or factor on a particular forward-looking statement is
not determinable with certainty as these are interdependent and
Enbridge's future course of action depends on management's
assessment of all information available at the relevant time.
Except to the extent required by applicable law, Enbridge assumes
no obligation to publicly update or revise any forward-looking
statements made in this news release or otherwise, whether as a
result of new information, future events or otherwise. All
subsequent forward-looking statements, whether written or oral,
attributable to Enbridge or persons acting on the Company's behalf,
are expressly qualified in their entirety by these cautionary
statements.
About Enbridge Inc.
Enbridge Inc. is a leading North American energy
infrastructure company. We safely and reliably deliver the energy
people need and want to fuel quality of life. Our core businesses
include Liquids Pipelines, which transports approximately 25
percent of the crude oil produced in North America; Gas Transmission and Midstream,
which transports approximately 20 percent of the natural gas
consumed in the U.S.; Gas Distribution and Storage, which serves
approximately 3.8 million retail customers in Ontario and Quebec; and Renewable Power Generation, which
generates approximately 1,750 MW of net renewable power in
North America and Europe. The Company's common shares trade on
the Toronto and New York stock exchanges under the symbol ENB.
For more information, visit www.enbridge.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
View original
content:http://www.prnewswire.com/news-releases/enbridge-responds-to-temporary-ruling-on-line-5-operations-301084116.html
SOURCE Enbridge Inc.