Enbridge Inc. says it added $3 billion in new growth projects to its roster south of the border during the third quarter, while in Canada it has no immediate plans to make a pitch to the new federal Major Projects Office.

Enbridge’s profit fell in the third quarter largely due to a drop in the estimated value of financial instruments.

Enbridge said it plans early next year to formally gauge commercial interest in a second phase of capacity expansion on its Mainline crude pipeline network.

This story replaces an Associated Press story published Oct. 30 that incorrectly stated the U.S. Army Corps of Engineers had approved energy company Enbridge’s plans to build a protective tunnel to encase a Line 5 pipeline that runs beneath the Straits of Mackinac.

Enbridge said on Friday it plans early next year to formally gauge commercial interest in a second phase of capacity expansion on its Mainline crude pipeline network.

Dividend investors often start first with a stock's dividend yield, which makes sense. On that score, Enbridge is very attractive. The S&P 500 index (SNPINDEX: ^GSPC) yields a miserly 1.2%. The average energy stock yields nearly 4%. And Enbridge is yielding a bit over 5.8%. It's clearly an attractive income choice relative to other options.

The U.S. Army Corps of Engineers has approved energy company Enbridge's plan to encase a segment of an aging oil pipeline beneath a Great Lakes channel.

Enbridge Inc (ENB.TO) on Friday forecast higher costs for its long-contested Line 3 pipeline replacement project, citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons.

The U.S. Army Corps of Engineers says Enbridge's reroute plan complies with all applicable federal laws and regulations.

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