CALGARY, AB and LANSING, Mich., Jan. 29, 2021 /PRNewswire/ - The Michigan Department of Environment Great Lakes and Energy (EGLE) has completed its review and has issued permits for Enbridge's Great Lakes Tunnel Project to relocate the portion of the Line 5 pipeline that runs along the bottom of the Straits of Mackinac (where Lake Michigan and Lake Huron meet). This project will make a safe pipeline even safer.
"These approvals bring us a step closer to building the Great Lakes Tunnel," said Vern Yu, Enbridge Executive Vice President and President, Liquid Pipelines. "Line 5, encased in a tunnel below the lakebed, is the best way to safeguard the precious waters of the Great Lakes and ensures that low cost, safe and reliable energy keeps flowing to Michigan, neighboring states and Canada's two largest provinces."
The permits issued today do not resolve Governor Whitmer's effort to shut down Line 5's current operations. Enbridge is challenging those efforts in federal court. Such a shutdown before the completion of the Great Lakes Tunnel Project would lead to major energy shortages in the region and severe economic consequences for Michigan, neighboring states and Canada.
The EGLE permits are an important milestone for the tunnel project and are part of the process to authorize its construction. Permits from the Michigan Public Service Commission and the U.S. Army Corp of Engineers are still required. The environmental permits issued today are related to various parts of the Natural Resources and Environmental Protection Act, the Clean Water Act and the National Pollutant Discharge Elimination System.
The Great Lakes Tunnel will encase a replacement section of Line 5 well below the lakebed, eliminating the risk of an anchor strike and virtually eliminating the potential of any release from Line 5 into the Straits. Survey research has shown that a majority of Michigan residents favor construction of the Great Lakes Tunnel, which is why Enbridge is investing approximately $500 million to construct the tunnel.
EGLE approved the permits for the Great Lakes Tunnel Project following a review of Enbridge's April 2020 application and after obtaining public input through multiple public meetings, hearings, informational sessions and webinars.
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 respect to the Line 5 dual pipelines, including the continued safe operations thereof, the proposed Great Lakes Tunnel Project and its anticipated benefits, and related litigation and government and regulatory actions.
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 and the Great Lakes Tunnel Project 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.
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SOURCE Enbridge Inc.