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Portable Power Station Market Worth $1.1 Billion by 2028
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Jul 26, 2023Enbridge ‘Ideally Situated’ for Rising North American Natural Gas Power Demand, CEO Says
Nov 06, 2024By Carolyn Davis
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Lifted by a huge expansion of its U.S. natural gas utility network and myriad projects across North America in the onshore and offshore, Calgary-based Enbridge Inc. is gearing up for expanded power generation growth in the years ahead.
Enbridge, which reports in Canadian dollars (C$1.00/US72 cents), issued its third quarter results in late October. CEO Greg Ebel was joined by his executive team to deliver the results and provide guidance.
Since the second quarter, the midstream giant’s backlog is up by C$3 billion, reaching C$27 billion at the end of September, Ebel told investors. The backlog extends from Western Canada to the deepwater Gulf of Mexico (GOM), tying service to LNG terminals, natural gas utilities, oil infrastructure and increasingly, renewables.
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Carolyn Davis joined the editorial staff of NGI in Houston in May of 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.