Enbridge Increases Investment in Horn River Gas Plant
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Enbridge Inc. announced that it has reached agreement to acquire an additional 13.3% interest in the Cabin Gas Plant Development. Combined with Enbridge's previously announced acquisition of a 57.7% majority interest, Enbridge will hold a 71.0% ownership interest in the development.
"We are pleased to have entered into this arrangement and to increase our overall investment in the Cabin Gas Plant Development.
We look forward to working with producers in this region as they develop the potential of the Horn River basin and other shale gas opportunities" said Al Monaco, President, Gas Pipelines, Green Energy & International, Enbridge Inc. The transaction announced today is on the same terms as the previously announced transaction with Encana Corporation. Upon completion of Phases 1 and 2…
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