Enbridge Profit Rises on Strong Gas Demand
Enbridge reported higher third-quarter profit as growing demand for gas infrastructure and higher utility rates boosted earnings. Quarterly earnings nearly doubled to C$1.29 billion. Growth in gas transmission offset lower volumes in liquids pipelines.
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ENBRIDGE INC posted a quarterly profit of C$1.29 billion on Friday morning, driven by higher utility rates and surging demand for Natural Gas infrastructure.
