BRIEF-Enbridge Energy plans to defer implementation of Sandpiper beyond co's current 5-yr planning horizon

Thu Sep 1, 2016 5:59pm EDT
 
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Sept 1 (Reuters) - Enbridge Inc

* Enbridge Energy Partners, L.P. plans to defer implementation of Sandpiper beyond company's current five-year planning horizon

* Has confirmed that its consolidated funding plan through 2019 is not expected to require any incremental equity capital as a result of events

* Negotiated tentative joint funding arrangement with EEP through which equity investment in Bakken pipeline will be jointly funded

* Anticipated investment in Bakken pipeline will be jointly funded 75 percent by Enbridge, through Enbridge energy company and 25 percent by EEP

* Affiliate will withdraw regulatory applications pending with Minnesota Public Utilities Commission associated with Sandpiper project Source text for Eikon: Further company coverage: