The Waupisoo Pipeline expansion program will provide approximately 65,000bpd of additional capacity in the second half of 2012 and a further approximately 190,000bpd when fully in service in the second half of 2013.
The new commitments allow for a three-year ramp up to the full commitment amount, with a corresponding ramp up in revenue to Enbridge.
Patrick Daniel, president and CEO of Enbridge, said: “This expansion is the latest in a series of contracts and projects Enbridge has secured over the past year, adding approximately $1bn to our total secured investment opportunities in this corridor.
“The Waupisoo expansion program will begin to contribute to our growth in earnings per share by 2013, and increasingly thereafter as the volumes increase to the full commitment levels.”
