Friday, September 21, 2018Canada's Leading Online Business Magazine

Enbridge Aims to Take Full Control of SpectraEnergy

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CBJ — Enbridge Inc. is looking to take full control of SpectraEnergy Partners and is now offering $4.3 billion to do so.It currently owns 83%.

In May, Calgary-based Enbridge launched an initiative to buy back all of its pipeline subsidiaries in the United States with shares worth $11.4 billion at the time, citing a Federal Energy Regulatory Commission decision in March to end certain tax loopholes they enjoyed.

American pipeline rivals The Williams Cos. and Cheniere Energy Inc. launched similar multibillion-dollar offers for their subsidiaries at the same time for the same reason.

@CanBizJournal

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