Free Trial

Enbridge says Line 3 replacement complete, opens Friday

Donald Trump
In this June 29, 2018 file photo, workers are visible at the Superior terminal of Enbridge Energy in Superior, Wis. Enbridge says the upgrade and expansion of its Line 3 pipeline across Minnesota is complete and will become operational on Friday, Oct. 1, 2021. The Canadian-based company's President and CEO Al Monaco said in a statement Wednesday that the pipeline “will soon deliver the low-cost and reliable energy that people depend on every day.” (AP Photo/Jim Mone File)

MINNEAPOLIS (AP) — Enbridge announced Wednesday that the upgrade and expansion of its Line 3 pipeline across Minnesota is complete and will become operational on Friday.

The Canadian-based company's President and CEO Al Monaco said in a statement that the pipeline “will soon deliver the low-cost and reliable energy that people depend on every day.”

The project was completed despite stiff opposition from tribes, environmentalists and others that the 337-mile (542-kilometer) pipeline violated treaty rights, would worsen climate change and would risk spills. Enbridge said it was necessary to replace and expand a deteriorating pipeline built in the 1960s.

The line starts in Alberta, Canada, and clips a corner of North Dakota before crossing Minnesota en route to Enbridge’s terminal in Superior, Wisconsin.

Enbridge said its completion restores the pipeline's full capacity of 760,000 barrels per day.

Opponents have challenged the pipeline's permits in court to no avail. They've also unsuccessfully sought to convince President Joe Biden, who canceled a key permit for the Keystone XL pipeline soon after taking office, to intervene.

Should you invest $1,000 in Enbridge right now?

Before you consider Enbridge, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.

While Enbridge currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Massive Market Moves Following Trump Win: Tesla, JP Morgan, & Bitcoin Soar
Top 3 Stocks Under $20 with Strong Buy Ratings and Growth Potential
ISRG Stock Surges: AI and Healthcare Innovation at the Core

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines