Enbridge and Spectra Energy announced that they have entered into a definitive merger agreement under which Enbridge and Spectra Energy will combine in a stock-for-stock merger transaction, which values Spectra Energy common stock at approximately US$28 billion, based on the closing price of Enbridge’s common shares on September 2, 2016. The combination will create the…
Enbridge acquires interest in UK offshore wind project
Enbridge Inc. announced the acquisition of a 24.9% interest in the 400-MW Rampion Offshore Wind Project in the UK. The company’s total investment in the project is expected to be CAD $750 million (£370 million) inclusive of all interest during construction, transaction costs, and a development fee. The offshore wind project was developed and is…