The FERC rejects a proposed extension of Enbridge's (ENB; EEP) $2.5B Sandpiper pipeline project...

|About: Enbridge Inc. (ENB)|By:, SA News Editor

The FERC rejects a proposed extension of Enbridge's (ENB; EEP) $2.5B Sandpiper pipeline project that would move oil from North Dakota to Wisconsin and Minnesota, saying ENB's proposed rate structure was not supported by existing regulations. ENB has considered the project a key part of its plan for overall expansion in North America.