The C$37-billion deal announced this week merging Calgary-based Enbridge with Houston-based Spectra Energy will create North America’s largest energy and pipeline operator.
The new Enbridge, which will include Spectra CEO Greg Ebel as non-executive chairman, will have assets that stretching from the Alberta oilsands to the coasts of southern Florida. It’ll be plugged into population centers from Seattle to Boston and from Houston to Montreal.
"The combination of Enbridge and Spectra Energy creates what we believe will be the best, most diversified energy infrastructure company in North America, if not the world,” Ebel said in a statement.
Added Enbridge CEO Al Monaco, “We believe our combination of best-in-class assets, superior growth and strong commercial underpinning of our business will be unrivaled in our sector.”
Here’s the map.
--With files from Bloomberg