Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Enbridge
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==History== The company was initially incorporated by [[Imperial Oil]] as Interprovincial Pipe Line Company (IPL) on April 30, 1949, after Canada's first major oil discovery, in 1947, at [[Leduc, Alberta]].<ref name="reference"> {{cite web | url = http://www.referenceforbusiness.com/history2/0/Enbridge-Inc.html | title = Enbridge Inc. - Company Profile, Information, Business Description, History, Background Information on Enbridge Inc. | work = Reference for Business | access-date = 2014-02-04}} </ref><ref name="legacy"> {{cite book | title = Ontario's Petroleum Legacy: The Birth, Evolution and Challenges of a Global Industry | first1 = Earle | last1 = Gray | publisher = Heritage Community Foundation | year = 2008 | page = 73 | isbn = 9780973989229}} </ref><ref name="pi2011"> {{cite news | url = http://pipelinesinternational.com/news/crude_success_enbridge/061152/ | title = Crude success: Enbridge | work = Pipeline International | date = June 2011 | access-date = 2014-02-04}} </ref> In the same year, the company built its first oil pipeline from Leduc to [[Regina, Saskatchewan]].<ref name=reference/><ref name=pi2011/> In 1950, it was expanded through [[Gretna, Manitoba]], to [[Superior, Wisconsin]], in the United States.<ref name="reference" /> To operate the United States portion of the pipeline, the Lakehead Pipe Line Company (now Enbridge Energy Partners) was created. In 1953, the pipeline was expanded to [[Sarnia, Ontario]], and in 1956 to [[Toronto]] and [[Buffalo, New York]].<ref name=reference/> In 1953, IPL was listed on the Toronto and Montreal stock exchanges.<ref name=reference/> In 1983, IPL built the Norman Wells pipeline and joined Frontier Pipeline Company.<ref name="reference" /> In 1986, through a series of stakes exchanges, IPL gained control of Home Oil and in 1988, it changed its name to Interhome Energy Inc.<ref name="reference" /><ref name="digital" /> In 1991, it changed its name to Interprovincial Pipe Line Inc.<ref name="digital" /> In 1992, Interprovincial Pipe Line Inc. was acquired by Interprovincial Pipe Line System Inc., which changed its name to IPL Energy Inc. in 1994, after the acquisition of [[Consumers' Gas Company|Consumers' Gas]] (now Enbridge Gas Inc.) and diversification into the gas distribution business.<ref name="reference" /><ref name="digital" /> In addition, it acquired stakes in AltaGas Services and the electric utility of [[Cornwall, Ontario]].<ref name="reference" /> Through the 1990s, the company expanded its gas pipeline network and acquired a stake in the Chicap oil pipeline. It also built the Athabasca Pipeline from northeastern Alberta to the main pipeline system.<ref name="reference" /> In 1995, the company expanded its activities outside of North America by taking a stake in the [[Ocensa pipeline]]. This stake was sold in 2009.<ref name="pipelinejournal">{{cite news |url = http://www.pipelineandgasjournal.com/enbridge-sells-interest-colombian-pipeline |title = Enbridge Sells Interest In Colombian Pipeline |work = Pipeline & Gas Journal |volume = 236 |issue = 5 |date = May 2009 |access-date = 2014-02-04 |archive-url = https://web.archive.org/web/20140225193036/http://www.pipelineandgasjournal.com/enbridge-sells-interest-colombian-pipeline |archive-date = 2014-02-25 |url-status = dead }}</ref> IPL Energy became Enbridge Inc in 1998.<ref name="digital"> {{cite web | url = http://digital.library.mcgill.ca/hrcorpreports/search/detail.php | title = Canadian Corporate Reports. McGill Digital Archive. Company Detail: Enbridge | publisher = [[McGill University]] | access-date = 2014-02-04}} </ref> The Enbridge name is a [[portmanteau]] from "energy" and "bridge".<ref name="reference" /> In the 2000s, Enbridge introduced several large projects. Enbridge made their first investment into renewable energy in 2002 with the purchase of a [[wind farm]].<ref>{{Cite web|date=28 June 2002|title=Milestone in Renewable Energy Applauded: Sunbridge Wind Farm|url=https://www.pembina.org/media-release/1047|access-date=2021-07-06|website=Pembina Institute}}</ref><ref>{{Cite news|last=Morgan|first=Geoffrey|date=8 June 2020|title=North America's largest pipeline company aims to pivot to natural gas and renewable energy|url=https://financialpost.com/commodities/energy/north-americas-largest-pipeline-company-aims-to-pivot-to-natural-gas-and-renewable-energy|access-date=2021-07-06|website=Financial Post|language=en-CA}}</ref> In 2006, it announced the Enbridge Northern Gateway Pipelines Project from Athabasca to [[Kitimat, British Columbia]].<ref name="reuters210208"> {{cite news | url = http://uk.reuters.com/article/idUKN2148130320080221 | archive-url = https://archive.today/20130201103520/http://uk.reuters.com/article/idUKN2148130320080221 | url-status = dead | archive-date = February 1, 2013 | title = Enbridge rekindles oil sands pipeline plan | publisher = Reuters | first = Jeffrey | last = Jones | date = February 21, 2008 | access-date = February 14, 2010}} </ref> The same year, it announced the [[Alberta Clipper pipeline]] project from [[Hardisty, Alberta]], to Superior, Wisconsin, to connect oil sands production area with the existing network. This pipeline became operational in 2010.<ref name="clipper"> {{cite web | url = http://www.downstreamtoday.com/projects/Project.aspx?project_id=92 | title = Alberta Clipper Project | work = Downstream Today | date = 2010-10-01 | access-date = 2014-02-04}} </ref> In 2009, Enbridge bought the [[Sarnia Photovoltaic Power Plant]] and expanded it up to 80 MW, which was the world's largest [[photovoltaic power station]] at that time.<ref name="cbc041010"> {{cite news | url = http://www.cbc.ca/news/business/enbridge-completes-sarnia-solar-farm-1.911812 | title = Enbridge completes Sarnia solar farm | work = [[CBC News]] | date = 2010-10-04 | access-date = 2014-02-04}} </ref><ref>{{Cite web|date=2009-10-03|title=Enbridge buys major solar farm|url=https://www.thestar.com/opinion/2009/10/03/enbridge_buys_major_solar_farm.html|access-date=2021-03-23|website=thestar.com|language=en}}</ref> In January 2017, Enbridge acquired [[Midcoast Energy Partners]] for $170 million in cash, and later in 2018, ArcLight acquired Midcoast Operating, L.P. from Enbridge for $1.1 billion.<ref>{{cite news|url=https://www.reuters.com/article/deals-day-idUSL4N1FH2ZY|title=Deals of the day-Mergers and acquisitions|date=January 27, 2017|publisher=Reuters}}</ref><ref>{{Cite web|last=Pulsinelli|first=Olivia|date=9 May 2018|title=Update: Enbridge closes deal to sell U.S. natural gas and NGL business for $1.1B|url=https://www.bizjournals.com/houston/news/2018/05/09/enbridge-to-sell-u-s-natural-gas-and-ngl-business.html|access-date=2021-07-06|website=Houston Business Journal}}</ref> Enbridge released its first annual [[Sustainability reporting|sustainability report]] in 2001, and in November 2020, Enbridge expanded its environmental, social and governance (ESG) goals and targets.<ref>{{Cite web|title=Archived Sustainability Reports|url=https://www.enbridge.com/About-Us/Our-Values/Sustainability/Archived-Sustainability-Reports.aspx|access-date=2021-07-06|website=www.enbridge.com|language=en}}</ref><ref>{{Cite web|last=Rotchild|first=Leor|date=2020-11-24|title=Enbridge Becomes First Midstream Company in Canada to Set Bold ESG Goals|url=http://www.cbsr.ca/enbridge-becomes-first-midstream-company-to-set-bold-esg-goals|access-date=2021-07-06|website=Canadian Business for Social Responsibility|language=en}}</ref> The company aims to achieve net-zero greenhouse gas emissions by 2050, with an interim target to reduce emissions intensity by 35% by 2030.<ref>{{Cite web|last=Holbrook|first=Emily|date=2020-11-09|title=Enbridge Steps Up Climate Pledge with Net Zero Emission Target|url=https://www.environmentalleader.com/2020/11/enbridge-outlines-detailed-plan-to-achieve-net-zero-emissions-by-2050/|access-date=2021-07-06|website=Environment + Energy Leader|language=en-US}}</ref> That same year, President and CEO Al Monaco said that renewable power is now "the fourth Enbridge platform."<ref name=":3">{{Cite web|last=Laverty|first=Gene|date=6 November 2020|title=Enbridge gears up for energy transition with renewable natural gas, power focus|url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/enbridge-gears-up-for-energy-transition-with-renewable-natural-gas-power-focus-61165181|access-date=2021-07-06|website=www.spglobal.com|language=en-us}}</ref> Enbridge's ESG goals also aim to diversify its workforce with 28% representation from racial and ethnic groups and 40% from women by 2025.<ref>{{Cite web|last=Olivero|first=Tino|date=2021-07-03|title=ENBRIDGE: Progressive Sustainability goals|url=https://theogm.com/2021/07/03/enbridge-progressive-sustainability-goals/|access-date=2021-07-06|website=Our Great Minds}}</ref> In 2021, Enbridge was recognized as one of Canada's top 100 employers for the 18th time, and as one of Canada's best diversity employers for the seventh time.<ref>{{Cite web|last1=Leung|first1=Kristina|last2=Leung|first2=Stephanie|date=1 March 2021|title=Top Employer: Enbridge Inc.|url=https://reviews.canadastop100.com/top-employer-enbridge|access-date=2021-07-06|website=reviews.canadastop100.com}}</ref> In September 2023, it was announced Enbridge had agreed to acquire East Ohio Gas, Questar Gas, and Public Service Co. of North Carolina, from [[Dominion Energy]] for a total enterprise value worth $14 billion.<ref>{{Cite web |title=Enbridge to Acquire Gas Utilities from Dominion for $14B |url=https://www.rigzone.com/news/enbridge_to_acquire_gas_utilities_from_dominion_for_14b-06-sep-2023-173908-article/ |access-date=2023-09-06 |website=www.rigzone.com |language=en}}</ref><ref>{{Cite news |date=2023-09-06 |title=Enbridge slumps on surprise $14 billion bid for gas-powered utilities |language=en |work=Reuters |url=https://www.reuters.com/business/energy/enbridge-slumps-surprise-14-bln-bid-gas-powered-utilities-2023-09-06/ |access-date=2023-09-06}}</ref> The acquisition will result in Enbridge being the largest natural gas utility franchise in North America.<ref>{{Cite web |title=Dominion Energy Sells 3 Gas Distribution Firms to Enbridge for $14 Billion |url=https://www.investopedia.com/dominion-energy-sells-3-gas-distribution-firms-to-enbridge-for-usd14-billion-7966000 |access-date=2023-09-11 |website=Investopedia |language=en}}</ref> ===Merger with Spectra Energy=== On September 6, 2016, Enbridge agreed to buy [[Spectra Energy]] in an all-stock deal valued at about $28 billion.<ref>{{Cite news|url=https://www.wsj.com/articles/enbridge-to-buy-spectra-energy-in-28-billion-deal-1473160931|title=Enbridge to Buy Spectra Energy in $28 Billion Deal|last1=Dawson|first1=Chester|date=2016-09-06|last2=McKinnon|first2=Judy|newspaper=The Wall Street Journal|issn=0099-9660|access-date=2016-09-07}}</ref> Spectra, headquartered in [[Houston, Texas]], operated in three key areas of the [[natural gas]] industry: transmission and storage, distribution, and gathering and processing. Spectra was formed in late 2006 as a [[Corporate spin-off|spin-off]] from [[Duke Energy]]. Spectra owned the [[Texas Eastern Pipeline]] (TETCo), a major natural gas pipeline transporting gas from the [[Gulf of Mexico]] coast in [[Texas]] to the [[New York City]] area; TETCo was one of the largest pipeline systems in the United States.<ref name="ferc">[http://www.ferc.gov/industries/gas/gen-info/pipecode.asp FERC pipeline codes] {{webarchive|url=https://web.archive.org/web/20130120011541/http://ferc.gov/industries/gas/gen-info/pipecode.asp |date=2013-01-20 }}</ref> Spectra also operated [[Spectra Energy#Current oil pipelines|three oil pipelines]], [[Spectra Energy#Current natural gas pipelines|numerous other gas pipelines]] and was proposing to build still [[Spectra Energy#Proposed natural gas pipelines|3 more gas pipelines]] in the U.S.<ref>{{cite web|url= http://www.spectraenergy.com/Operations/Spectra-Energy-Liquids/|title= Spectra Energy Liquids|last1= Spectra Energy|date= 2015|website= Spectra Energy|access-date= 26 August 2015|archive-url= https://web.archive.org/web/20150822083708/http://www.spectraenergy.com/Operations/Spectra-Energy-Liquids/|archive-date= 22 August 2015|url-status= dead|df= dmy-all}}</ref> The merger was completed on February 27, 2017.<ref>{{cite web|title=Enbridge and Spectra Energy Complete Merger|url=http://www.enbridge.com/media-center/news/details?id=2126823&lang=en&year=2017|website=Media Centre News Releases|publisher=Enbridge|access-date=October 10, 2017|date=February 27, 2017}}</ref>
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)