Enbridge to acquire aitken creek natural gas storage from fortisbc holdings inc. for $400 million

Calgary, ab , may 1, 2023 /prnewswire/ - enbridge inc. (enbridge or the company) (tsx: enb) (nyse: enb) announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with fortisbc holdings inc. to acquire its interest in fortisbc midstream inc., which holds a 93.8% interest in aitken creek gas storage facility and a 100% interest in aitken creek north gas storage facility (collectively, aitken creek storage) for $400 million, subject to customary closing adjustments. aitken creek storage is an underground reservoir located 120 kilometres northeast of fort st. john, b.c.
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