Enbridge Energy Drops Sandpiper Pipeline Plans

Enbridge Energy announced Thursday it has dropped its proposed $2.6 billion Sandpiper crude oil pipeline that would have carried crude across Minnesota from North Dakota to Wisconsin.

The project drop means Enbridge no longer needs regulatory approvals for the project from the Minnesota Public Utilities Commission, which had been delayed several times, causing the company to re-evaluate the project entirely.

Enbridge announced back in February that it expected the Sandpiper project to be delayed until 2019 because of the need of an environmental review. The company then announced last month that it planned to invest in another pipeline project, the Dakota Access pipeline, and review whether it would continue with the Sandpiper pipeline proposal.

Enbridge Energy Partners President Mark Maki told reporters that regulatory delays caused the demise of the planned pipeline, a project in which Enbridge and Marathon had invested $800 million.

Source:
ABC News