Enbridge Acquires 71% Interest in Cabin Gas Plant Development

Enbridge Inc. (TSX:ENB,NYSE:ENB) acquired 71.0% interest in Phases 1 and 2 of the Cabin Gas Plant Development.

As quoted in the press release:

Phase 1 of the development will have 400 Mmcf/d of natural gas processing capacity. The plant is currently under construction and is expected to be in-service in the third quarter 2012. Phase 2 will add an additional 400 Mmcf/d of capacity and has been sanctioned by producers and received regulatory approval.

Click here to read the Enbridge Inc. (TSX:ENB) press release.