Enbridge Announces Successful Completion of Open Season for Southern Lights Diluent Pipeline

abarrelfullabarrelfull wrote on 07 Nov 2013 08:34
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May 6, 2013

Enbridge (TSX:ENB) (NYSE:ENB) today announced the successful completion of an open season ("Open Season") to solicit commitments from shippers for 50,000 barrels per day (bpd) of capacity on the Southern Lights Pipeline.

Through the open season process Enbridge received transportation agreements in excess of the offered amount for capacity on a term that expires on June 30, 2025. The open season began on January 28, 2013 and concluded March 26, 2013.

Based on the success of the open season, and the fact that the current capacity available for contracts has been fully subscribed, Enbridge will now pursue an expansion of the Southern Lights system to reach an estimated annual capacity of 275,000 bpd. Enbridge plans to hold an open season for the expansion capacity later this year.


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