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Enbridge (NYSE:ENB) received a key victory Friday in its long-running battle with the state of Michigan, because the Michigan Public Service Fee authorized its utility to construct the Line 5 pipeline tunnel below the Straits of Mackinac channel connecting Lake Michigan and Lake Huron.
The PSC stated there’s each a public want for the vitality merchandise Line 5 carries and a necessity to switch the underwater part to guard Nice Lakes waters, and the corporate’s plan affords essentially the most prudent choice.
Enbridge (ENB) has maintained the tunnel would cut back dangers of an oil spill, however Governor Gretchen Whitmer issued an order in 2020 to close Line 5, which is required to provide refineries in Quebec and Ontario.
The pipeline, which Enbridge (ENB) has operated since 1953, strikes as much as 23M gallons of crude oil and pure fuel liquids each day between Superior, Wisconsin and Sarnia, Ohio.
The corporate’s plan nonetheless requires approval from the U.S. Military Corps of Engineers, which continues to be compiling an environmental influence assertion; a ultimate choice might not come till 2026.