Enbridge to Buy Spectra Energy for $3.3 Billion

Enbridge to Buy Spectra Energy for $3.3 Billion
Pipelines run to Enbridge Inc.'s crude oil storage tanks at their tank farm in Cushing, Okla., March 24, 2016. Reuters/Nick Oxford
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Enbridge Inc, Canada’s largest pipeline operator, said on Aug. 24 it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.

Pipeline companies are reorganizing their business structure after the U.S. Federal Energy Regulatory Commission in March stopped them from claiming an income tax allowance as part of the fees they charge shippers.