Enbridge Sandpiper pipeline approved by North Dakota regulators

|About: Enbridge Energy Partners L.P. (EEP)|By:, SA News Editor

Enbridge Energy Partners (EEP) says North Dakota's Public Service Commission has approved its $2.6B Sandpiper pipeline project.

The 612-mile pipeline will carry 225K bbl/day of oil and will allow oil to be shipped to Canada, and the southern and eastern U.S.

Sandpiper is a joint venture between EEP and an indirect subsidiary of Marathon Petroleum (MPC), which will own a ~27% interest when the pipeline is expected to be placed into service in early 2016.