Canadian Regulator Approves Enbridge's $177M Pipeline

Law360, New York (December 23, 2011, 2:30 PM EST) -- Canada's National Energy Board approved Enbridge Inc.'s CA$180 million (US$176.6 million) Bakken Pipeline project to extend an oil transport line from North Dakota to refineries in Canada and the U.S., the regulatory body said Thursday.

The Calgary, Alberta-based energy board said there is enough commercial interest for Canadian company Enbridge to support the 76.7-mile extension of a pipeline in the Bakken and Three Forks Formations in Montana and North Dakota, according to a statement.

The approval puts forward a project Enbridge first proposed in January 2010...
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