Enbridge Gas Distribution Inc. and Union Gas Limited to amalgamate
CALGARY, /PRNewswire/ - Enbridge Inc. announced it will move forward with the amalgamation of its Ontario based utilities, Enbridge Gas Distribution Inc. (Enbridge Gas Distribution) and Union Gas Limited (Union Gas), with an expected effective date of January 1, 2019.
This decision follows a detailed review of the parameters of the regulatory approval received from the Ontario Energy Board on August 30, 2018, and the approvals of the board of directors of each of Enbridge, Enbridge Gas Distribution and Union Gas.
"Energy affordability and the safe, reliable delivery of natural gas are important to Ontario natural gas customers," noted Cynthia Hansen, Executive Vice President, Utilities and Power Operations, adding, "Union Gas and Enbridge Gas Distribution have long been leaders in delivering exceptional energy value for consumers through an unrelenting focus on safety, operational efficiency and reliability of service. Combining these utilities and leveraging their strengths is an opportunity to do what's best for customers and to position the combined company for future growth and success."
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