September 30, 2014 / 1:23 PM / 4 years ago

Enbridge boosts capital growth plan to C$44 billion

The Enbridge Tower on Jasper Avenue in Edmonton August 4, 2012. REUTERS/Dan Riedlhuber

(Reuters) - Enbridge Inc has boosted its capital growth plan to C$44 billion ($39.3 billion) through 2018, with Canada’s largest pipeline operator looking to rebalance its asset mix to include more gas after its current oil pipeline build out.

Speaking at an investor event in Toronto, chief executive Al Monaco said that the industry will continue to face challenges building new pipelines, but that the company must “manage through” those challenges.

(This version of the story was corrected to show Enbridge boosted its capital plan to C$44 billion, not $44 billion)

Reporting by Julie Gordon in Vancouver

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