Enbridge Has Acquired One of the Three Utilities From Dominion Energy to Date

Enbridge stands out among North American midstream operators with a utilitylike earnings profile. Its most important asset, the Mainline system, controls over 70% of Canada's takeaway capacity and is linked to highly complex US refineries that value heavy oil, so demand remains secure in the near to medium term despite the increase in U.S. light oil production. Over 80% of Enbridge's EBITDA is protected against inflation.