Enbridge announces $3.1 billion sale of its interests in alliance pipeline and aux sable

Calgary, ab , dec. 13, 2023 /prnewswire/ - enbridge inc. ("enbridge") (tsx: enb) (nyse: enb) announced today that it has entered into a definitive agreement to sell its 50.0% interest in alliance pipeline ("alliance") and its 42.7% interest in aux sable to pembina pipeline corporation ("pembina") (ppl: tsx) (nyse: pba) for a purchase price of $3.1 billion, including non-recourse debt at alliance of approximately $0.3 billion, and subject to customary closing adjustments. alliance delivers liquids rich natural gas sourced in northeast b.c.
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