BlockApps and Optimum initiate strategic partnership with development of energy usage tracking solution

HOUSTON, March 27, 2020 /PRNewswire/ — BlockApps, the leading enterprise blockchain platform provider, is proud to announce their strategic partnership with Optimum, a leader in Modern Software Consulting across industries including oil & gas, manufacturing and construction.

Optimum has joined the Global BlockApps Partner Network – an ecosystem of technology and service providers combined with blockchain experts across industries that help enable rapid application development, integration, deployment and enhancement for BlockApps’ STRATO customers and partners.

Despite the intense pressure put on the energy industry from recent global economic shocks, Optimum and BlockApps have initiated their partnership with the development of a blockchain-backed solution for tracking energy usage.

Verifiable, granular energy usage tracking is a mission-critical need for the energy industry and will be an essential part of any solution to improve management of future shocks in supply and demand.

Optimum’s significant experience with mid-stream and pipeline management for the oil & gas industry makes their addition to the BlockApps Partner Network especially timely and valuable.

“We’re thrilled to initiate our partnership with Optimum – their deep experience with large-scale energy solutions for the enterprise and government will help ensure our STRATO energy tracking solution meets the production-level needs of our customers and continues to scale effectively,” says Kieren James-Lubin, BlockApps President & CEO

Optimum will utilize the field-tested, enterprise-grade security, interoperability and scalability of BlockApps’ STRATO platform to develop and customize solutions that address the unique needs and challenges of their clients.

By utilizing the BlockApps’ innovative platform and our in-house industry and technology expertise, Optimum can now provide and expand the power of Blockchain and IoT solutions to the Oil & Gas, Manufacturing, and Construction marketplace as well as other industries and sectors,” said Nooshin Yazhari, President, Optimum. “The BlockApps’ STRATO platform is an extremely powerful tool for us to be able to bring the power of blockchain to our clients, while significantly reducing the complexity, uncertainty, time, and cost that is usually associated with other blockchain implementations.” 

For more information, visit Optimum’s blockchain solutions.

About Optimum

Optimum is a modern software solutions and services firm, transforming businesses through the power of people, technology and automated processes. 

By utilizing Optimum’s expertise and experience in strategic planning, process optimization, and innovative technologies, clients gain efficiency, reduce operational costs, ensure compliance, and enable digital transformation.

Optimum offers a full suite of services and solutions, including software design and development, blockchain solutions and consulting services, systems integration, business process automation and RPA, business intelligence (BI), and cloud-based solutions.

About BlockApps

BlockApps is the leading provider of blockchain technology for business networks. Our platform, BlockApps STRATO, powers industry networks in energy, finance, agriculture, live events, travel and many more.

Founded in 2015, BlockApps has created several industry innovations including the launch of Blockchain as a Service with Microsoft, founding the Enterprise Ethereum Alliance (the world’s large open standard blockchain organization) and being the first blockchain company to partner with all major cloud platforms (Azure, Amazon Web Services, Google Cloud Platform).

CONTACT: John Chappell, Director of Business Development – Energy, Oil & Gas, chappell@blockapps.net

Related Links:

https://blockapps.net/

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SOURCE BlockApps

SKYRE Develops Advanced Oxygen Concentration Module For Missions In Space And For Life-Saving Missions Here On Earth

The Oxygen Concentration Module (OCM) concentrates oxygen from ambient air.

EAST HARTFORD, Conn., March 27, 2020 /PRNewswire/ — With the aim of providing a solution that mitigates risks to astronaut health and facilitates life support for extended-duration space-exploration missions – the global clean energy leader SKYRE – has developed a game-changing technology for NASA.

The oxygen concentration system allows the production, storage and administration of concentrated oxygen to a crew member while maintaining overall cabin oxygen concentration levels, so as to mitigate the risk of fire hazard. NASA laid out some challenging objectives for the solution. The desired oxygen concentrator device would minimize mass, volume and power, while performing at high reliability, over a range of inlet pressure and oxygen concentration – all while delivering a range of outlet flow and concentration to the crew member or application. No engineered systems existed that have met power, size and flow rate objectives for use in manned space flight – until SKYRE developed its Solid State Oxygen Concentration Module (OCM).

An extension of SKYRE’s proven hydrogen concentration, generation and compression technology found in the H2RENEW™, the OCM is an elegant solution that meets multiple needs in a very efficient manner.

Having demonstrated the performance in the laboratory, SKYRE is working to scale the platform to relevant size for critical commercial opportunities. “SKYRE’s OCM has practical applications for medical professionals and their patients and/or patient communities and we’ve already had initial conversations with the healthcare industry about it.” said Dr. Molter, CEO.  “Our system concentrates oxygen from ambient air (versus from an oxygen supply) for emergency life support for medical traumas and other respiratory-related applications. Our leading electro-chemical technology was originally developed for NASA as the critical, central element of advanced life support systems relied upon to keep people alive – where failure is simply not an option.”

About SKYRE: Founded in 2007 as Sustainable Innovations and rebranded in 2018, SKYRE uses a proven, patented electrochemical technology to build innovative clean energy products that deliver breakthrough efficiency and are socially responsible. SKYRE’s products create economic opportunity for companies and contribute to global environmental sustainability by solving some of the world’s most challenging and pressing resource and energy problems.

Contact: 
Gail A. Brackett, VP Marketing & Communications 
gbrackett@skyre-inc.com 
(310) 936-3136 (O)

Dr. Trent Molter, President & CEO 
tmolter@skyre-inc.com 
(860) 652-9690 (O)

 

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SOURCE SKYRE, Inc.

The Association of Energy Services Professionals Announces Jennifer Szaro As Its New President & CEO

PHOENIX, Feb. 25, 2020 /PRNewswire/ — At the opening session of its 30th Annual Conference in Anaheim, CA today, the Association of Energy Services Professionals (AESP) announced that Jennifer Szaro will assume the role of President and CEO beginning April 6, 2020.  She replaces John Hargrove who is retiring after more than 40 years in the energy industry and six years of serving as AESP’s CEO.

Prior to joining AESP, Szaro was with the Smart Electric Power Alliance (SEPA) for five years as its Vice President of Research and Education, leading its content development as well as managing SEPA’s extensive portfolio of conferences and educational offerings.  Szaro also spent nine years as the Renewable Energy Manager for the Orlando Utilities Commission (OUC) leading their renewable energy, corporate sustainability and electric vehicle programs.  She also conducted applied photovoltaic systems research for eight years as Senior Energy Analyst for the Florida Solar Energy Center (FSEC).

Szaro holds a Bachelor of Science Degrees in Environmental Science and Chemistry from Florida International University and a Master’s Degree in Business Administration from University of Central Florida.  She is a LEED Accredited Professional and serves on the UCF College of Engineering and Computer Sciences as well as the Florida Solar Energy Center Advisory Board.  She is also a founding board member of Drive Electric Florida.

In a video introducing herself to AESP members Szaro said, “Working together, we can achieve a cleaner, more efficient and modern grid.  I can’t wait to get started.”

“I am so pleased to see that Jennifer will be leading the good work done here at AESP,” said Hargrove.  “Among our priorities here is helping our members navigate the transition in DSM as a result of the increasing role of DERs and decarbonization goals, and Jen is the ideal person to lead AESP on this path using her extensive experience and expertise.  I can’t imagine a better person to take the reins.”

Under Hargrove’s tenure, AESP launched two new certificate programs — in DSM program management and impact evaluation.  John continued, “With her experience in research and developing educational content, AESP will continue to bring relevant and needed educational opportunities to our members.”

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SOURCE AESP

Thousands of Rural Virginians Could Get Broadband Access through Dominion Energy, Prince George Electric Cooperative Partnership

-Memorandum of Understanding lays out framework for proposed expansion-Nearly 7,000 residents could be connected through first-of-kind partnership in Virginia

RICHMOND, Va., Feb. 21, 2020 /PRNewswire/ — Thousands of residents in rural parts of Surry County could receive access to high-speed internet under an agreement signed by Dominion Energy Virginia and Prince George Electric Cooperative (PGEC).

The partnership marks the first time a utility has joined with a cooperative to expand broadband access in the Commonwealth. The agreement would extend access to around 4,500 Dominion Energy customers and 2,200 PGEC customers in Surry County currently not offered broadband services.

“Dominion Energy is committed to the communities in which we serve and live and embraces the opportunity with PGEC to expand access to broadband in rural communities,” said Ed Baine, senior vice president of power delivery for Dominion Energy Virginia. “Access will support economic development and social equity while simultaneously promoting numerous public benefits and educational opportunities for citizens of the Commonwealth.”

As a regulated electric service provider, Dominion Energy’s duty to provide electricity to all within its service territory puts it in a unique position to bridge the current broadband gap. Dominion Energy is installing fiber in rural areas as it moves forward with efforts to transform Virginia’s energy grid. By utilizing fiber capacity for operational needs and broadband access, Dominion Energy can reduce broadband deployment costs for internet service providers.

In this case, Dominion Energy agrees to serve as the “middle mile” provider by allowing RURALBAND, a wholly-owned subsidiary of PGEC, to lease fiber and provide last-mile Fiber To The Home service. The Memorandum of Understanding (MOU) details how the parties would work together on the project, which would be filed with the State Corporation Commission (SCC) later this year for regulatory approval.

“We are excited to have Dominion Energy partner with PGEC on this exciting opportunity to bring high speed internet to a beautiful waterfront community in need of access for education and economic development growth,” said Casey Logan, President of Prince George Electric Cooperative.

“This partnership brings rural Surry County into the modern communications age, bridging a vital utility gap through reliable high-speed broadband services to residents and businesses, essential to Surry’s social and economic prosperity,” said Melissa Rollins, Acting County Administrator – Surry County. “We appreciate the partnership and commitment by Dominion Energy and PGEC to bring broadband access to Surry and other rural Virginia communities.”   

The MOU is the result of a request for information by Dominion Energy Virginia in 2019. This is the first agreement created through the Grid Transformation & Security Act of 2018 and legislation patroned by Del. Israel O’Quinn in 2019. It will require around $16$18 million in investment provided by the three parties, as well as federal and state grants.

For more information about the pilot program visit: http://www.dominionenergy.com/ruralbroadband 

About Dominion Energy
More than 7 million customers in 18 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and is one of the nation’s largest producers and transporters of energy with more than $100 billion of assets providing electric generation, transmission and distribution, as well as natural gas storage, transmission, distribution and import/export services. The company is committed to achieve net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit DominionEnergy.com to learn more.

About Prince George Electric Cooperative
Headquartered in Waverly, Prince George Electric Cooperative is a not-for-profit member-owned energy provider that serves over 12,000 homes, farms and businesses in Dinwiddie, Prince George, Southampton, Surry, Sussex, and Isle of Wight counties. PGEC Fiber, a cooperative subsidiary, has begun offering broadband service within the cooperative’s service territory. For more information, visit www.pgec.coop and www.RURALBAND.coop.

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SOURCE Dominion Energy

SoCalGas Declares Preferred Dividends

LOS ANGELES, Feb. 13, 2020 /PRNewswire/ — The board of directors of Southern California Gas Co. (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows:

SoCalGas:

Preferred Stock

$0.375 per share

Preferred Stock, Series A

$0.375 per share

The dividends are payable on April 15, 2020, to shareholders of record on March 10, 2020.

About SoCalGas
Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company’s pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants.

SoCalGas’ vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook

 

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SOURCE Southern California Gas Company

SoCalGas Announces Support for Public Utilities Commission Creation of Biomethane Incentive Reservation System

Increased funding transparency will help more renewable natural gas projects be built

LOS ANGELES, Feb. 13, 2020 /PRNewswire/ — Southern California Gas Co. (SoCalGas) today announced support for the California Public Utilities Commission (CPUC) new Incentive Reservation System for the CPUC biomethane monetary incentive program.  The reservation system will help increase transparency about available incentive funding for biomethane interconnection projects in the state.  Currently, there is about $32 million in funding available through the incentive program.  This money is available for eligible projects on a “first come, first served” basis through December 31, 2026 or until the money runs out, whichever occurs first.

The new reservation system is an important step to give biomethane developers certainty the money they applied for will be there at the end of the project.  Another benefit of the reservation system is that it can help spur additional interconnection projects.

“SoCalGas commends the CPUC for establishing an incentive reservation system,” said Sharon Tomkins, vice president of strategy and engagement and chief environmental officer for SoCalGas.  “It is my hope that state policymakers will realize the increased demand for renewable natural gas projects and make additional incentive funding available for many years to come.”

Renewable natural gas (RNG) is a clean fuel produced from our waste streams (i.e. sewers and food waste, as well as dairy and agricultural waste) and can be used to heat homes and businesses, for cooking, and to fuel trucks and buses.  California law requires 40 percent of methane from sewage treatments plants, landfills, dairies and other agriculture to be captured, with provisions for energy delivery to customers as part of the state’s ambitious plan to reduce greenhouse gas emissions.

RNG can take more carbon out of the air than it emits as an energy source, which makes it a carbon negative fuel.  Last month, the Lawrence Livermore National Laboratory issued a report assessing pathways California can take to achieve carbon neutrality by 2045.  The study found the pathway that holds the greatest potential for removing emissions from the atmosphere is to convert waste to fuel, with simultaneous capture of CO2 emissions.  Estimates show this pathway could remove 83 million tons of CO2 per year.

Last year, SoCalGas announced its vision to be the cleanest gas utility in North America.  As part of that vision, the utility committed to replacing 5 percent of its natural gas supplies with RNG by 2022 and 20 percent of its supplies with RNG by 2030.  A 2018 study shows replacing about 20 percent of California’s natural gas supply with RNG offers the same emissions reduction as electrifying all of the buildings in the state, but at half the cost.

There is widespread consumer preference for natural gas appliances in California and multiple studies have shown RNG is a cost-effective solution to reducing greenhouse gas emissions.  Additionally, a recently released analysis shows that by 2040, there will be enough RNG available nationwide to replace 90 percent of fossil natural gas in US homes.

The reservation system opened on February 3, 2020.  Customers who wish to apply for incentive funding should fill out this form.

About SoCalGas

Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company’s pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants.

SoCalGas’ vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. 

 

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SOURCE Southern California Gas Company

Quanta Services Announces Fourth Quarter and Full-Year 2019 Earnings Release & Conference Call Schedule

HOUSTON, Feb. 14, 2020 /PRNewswire/ — Quanta Services, Inc. (NYSE: PWR) announced today that it will release fourth quarter and full-year 2019 financial results on Thursday, Feb. 27, 2020, before the market opens. In conjunction with the press release, Quanta has scheduled a conference call for 9:00 a.m. Eastern time on Thursday, Feb. 27, 2020, which also will be broadcast live over the Internet. Quanta will utilize a slide presentation to accompany its prepared remarks, which will be viewable through the webcast and will also be available on the Investor Relations section of the Quanta Services website.

What: 

Quanta Services Fourth Quarter and Full-Year 2019 Earnings Conference Call

When:

Thursday, Feb. 27, 2020 – 9:00 a.m. Eastern time

How: 

Live via phone – By dialing (201) 689-8345 or (877) 407-8291 and asking for the Quanta Services Fourth Quarter and Full-Year 2019 Earnings Conference Call at least 10 minutes prior to the start time.

Live over the Internet – By logging on to the website at the following address: http://investors.quantaservices.com

For those who cannot participate live, an archive of the webcast will be available shortly after the call on the company’s website at http://investors.quantaservices.com and dial-in information for a replay of the call will be available in the upcoming earnings release. For more information, please contact Kip Rupp at Quanta Services at (713) 341-7260.

About Quanta Services
Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the electric power, energy and communications industries, including design, installation, repair and maintenance. With operations throughout the United States, Canada, Latin America, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.

Contact:

Kip Rupp, CFA

Quanta Services, Inc.

(713) 341-7260      

 

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SOURCE Quanta Services, Inc.

SSL Stock: Berger Montague Investigates Securities Fraud Class Action Claims Against Sasol Limited (NYSE: SSL); Lead Plaintiff Deadline is April 6, 2020

PHILADELPHIA, Feb. 14, 2020 /PRNewswire/ — Berger Montague announces that a class action lawsuit has been filed against Sasol Limited (“Sasol” or the “Company”) on behalf of all purchasers of Sasol securities between March 10, 2015 and January 13, 2020 (“Class Period”). Sasol’s American Depositary Receipts (“ADRs”) trade on the NYSE.

If you wish to discuss the claims against Sasol or have any questions concerning your rights or interests, please contact our attorneys Andrew Abramowitz, Esq. at (215) 875-3015 or Michael Dell‘Angelo, Esq. at (215) 875-3080, or visit www.bergermontague.com/sasol.

According to the Complaint, Defendants misled investors by misrepresenting and/or failing to disclose that:

  1. Sasol conducted insufficient due diligence into and inadequately accounted for multiple issues with its Lake Charles chemical plant (“LCCP”), and misrepresented the LCCP’s true cost;
     
  2. Construction and operation of the LCCP was plagued by delays, rising costs, and technical issues; and
     
  3. Sasol’s senior management exacerbated these issues by engaging in improper behavior concerning financial reporting and oversight with respect to the LCCP.

Investors began to learn the true state of the LCCP through a series of disclosures. First, on May 22, 2019, Sasol abruptly raised the project’s cost estimate by $1 billion and disclosed an internal review into the project’s costs and construction schedule. The Company admitted to weaknesses in the project’s integrated controls, as well as significant additional concerns related to the project’s forecasting process.

Then, on October 27, 2019, Sasol terminated its co-CEOs following an internal probe showing that the LCCP management team had acted inappropriately, lacked experience, and was overly focused on maintaining cost and schedule estimates instead of providing accurate information.

Finally, on January 13, 2020, Sasol disclosed that an explosion and fire had occurred at the LCCP’s low-density polyethylene unit, which necessitated a shutdown of the unit.

Each of these disclosures caused the price of Sasol’s ADRs to decline sharply.

If you purchased Sasol securities during the Class Period, no later than April 6, 2020, you may request that the Court appoint you lead plaintiff of the proposed Class. You do not need to be a lead plaintiff to share in any possible recovery to the Class.

Whistleblowers: Persons with non-public information regarding Sasol should consider their options to help Berger Montague’s investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of successful recoveries obtained by the SEC. For more information, please contact us.

Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for five decades and serves as lead counsel in courts throughout the United States.

Contacts

Andrew D. Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net
www.bergermontague.com

Michael Dell‘Angelo, Managing Shareholder
Berger Montague
(215) 875-3080
mdellangelo@bm.net
www.bergermontague.com

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SOURCE Berger Montague

Powell Industries Declares Quarterly Cash Dividend

HOUSTON, Feb. 4, 2020 /PRNewswire/ — Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has declared a quarterly cash dividend on the Company’s common stock in the amount of $0.26 per share.  The dividend is payable on March 18, 2020 to shareholders of record at the close of business on February 19, 2020.

Powell Industries, Inc., headquartered in Houston, engineers packaged solutions and systems for the management, control and distribution of electrical energy.  Powell markets include large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways.  For more information, please visit powellind.com.

Contact:

Michael Metcalf, CFO

Powell Industries, Inc.

713-947-4422

Ken Dennard / Natalie Hairston

Dennard Lascar Investor Relations

713-529-6600

 

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SOURCE Powell Industries, Inc.

Minnesota Public Utilities Commission Approves/Accepts Line 3RP Revised FEIS and Reaffirms Certificate of Need and Routing Permits

Pipeline replacement project to move forward

CALGARY and DULUTH, MN, Feb. 3, 2020 /PRNewswire/ – Enbridge Inc. (NYSE: ENB) (TSX: ENB) said it is pleased with today’s ruling by the Minnesota Public Utilities Commission (MPUC) that the Line 3 Replacement Project (L3RP)’s second revised Final Environmental Impact Statement (FEIS) is adequate. The MPUC also reaffirmed L3RP’s applications for a certificate of need and pipeline routing permit. 

“After nearly five years of community engagement, environmental review, regulatory and legal review, it’s good to see the Line 3 Replacement Project move forward,” said Vern Yu, Executive Vice President, Liquids Pipelines. “It is a $2.6 billion investment in the state’s critical energy infrastructure, but from the start of the project has been about improving safety and reliability for communities and the environment. We now look forward to next steps on the project’s remaining permits.” The replacement of Line 3 is the most studied pipeline project in Minnesota history.

Enbridge will continue to work with the State and Federal permitting agencies to finalize the permits required to start construction.

Forward-Looking Information
Forward-looking information, or forward-looking statements, have been included in this news release to provide information about the Company and its subsidiaries and affiliates, including management’s assessment of Enbridge and its subsidiaries’ future plans and operations. This information may not be appropriate for other purposes. Forward-looking statements are typically identified by words such as ”anticipate”, ”expect”, ”project”, ”estimate”, ”forecast”, ”plan”, ”intend”, ”target”, ”believe”, “likely” and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information or statements in this news release include statements with respect to L3RP and expected regulatory and permitting actions and decisions.

Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements. Assumptions regarding the expected supply of and demand for crude oil, natural gas, NGL and renewable energy, and the prices of these commodities, are material to and underlie all forward-looking statements, as they may impact current and future levels of demand for the Company’s services. Similarly, exchange rates, inflation and interest rates impact the economies and business environments in which the Company operates and may impact levels of demand for the Company’s services and cost of inputs, and are therefore inherent in all forward-looking statements. Due to the interdependencies and correlation of these macroeconomic factors, the impact of any one assumption on a forward-looking statement cannot be determined with certainty. The most relevant assumptions associated with forward-looking statements on announced projects and projects under construction, including estimated completion dates and expected capital expenditures, include the following: the availability and price of labour and construction materials; the effects of inflation and foreign exchange rates on labour and material costs; the effects of interest rates on borrowing costs; the impact of weather and customer, government and regulatory approvals on construction and in-service schedules and cost recovery regimes.

Enbridge’s forward-looking statements are subject to risks and uncertainties, including, but not limited to those risks and uncertainties discussed in this news release and in the Company’s other filings with Canadian and United States securities regulators. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridge’s future course of action depends on management’s assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Enbridge or persons acting on the Company’s behalf, are expressly qualified in their entirety by these cautionary statements.

About Enbridge Inc.
Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; and Utilities and Power Operations, which serves approximately 3.7 million retail customers in Ontario and Quebec, and generates approximately 1,750 MW of net renewable power in North America and Europe. The Company’s common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com

FOR FURTHER INFORMATION PLEASE CONTACT:

Media
Toll Free: (888) 992-0997
Email: media@enbridge.com

Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com

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SOURCE Enbridge Inc.