Enbridge (ENB) Slashes Pipeline Tolls Amid TMX Competition

Enbridge Inc. (ENB) has announced a reduction in tolls for its Canadian oil export pipelines, following increased competition from the newly expanded Trans Mountain pipeline system. The tolls for shipping heavy crude from Hardisty, Alberta, to Texas via Enbridge's network will drop to $9.4877 per barrel from the previous $10.7006 per barrel, per a Bloomberg report. Impact of Trans Mountain Expansion The tolls were reduced after the Trans Mountain Expansion ("TMX") began operations. The TMX now enables the t ...