Pipeline open season announced from Enbridge

Source:Enbridge

Enbridge (TSX:ENB) (NYSE:ENB) today announced a binding open season ("Open Season") to solicit commitments from shippers for 50,000 barrels per day (bpd) of capacity on the Southern Lights diluent pipeline. The pipeline, which is in commercial operation, provides continuous pipeline capacity for the transportation of diluent from Chicago, Illinois, to Edmonton, Alberta, and has an average annual capacity of 180,000 bpd. The Southern Lights pipeline is owned and operated by Southern Lights LP and Enbridge Pipelines (Southern Lights) LLC.

Potential shippers will have a choice of five available commencement dates between July 1, 2013 and July 1, 2014. Regardless of the commencement date selected, the Transportation Services Agreement (TSA) will expire on June 30, 2025, with an option to extend the term for an additional 15 years. The minimum volume commitment will be 5,000 bpd and potential shippers must commit to the same volume for both the Canadian and U.S. segments of the pipeline.

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