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The Enbridge Tower is pictured on Jasper Avenue in Edmonton Aug. 4, 2012.
The Enbridge Tower is pictured on Jasper Avenue in Edmonton Aug. 4, 2012.
(DAN RIEDLHUBER/REUTERS)

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Enbridge sees $20-bln in capital spending

No one can say Enbridge Inc. isn’t investing heavily for future growth.

After announcing an expansion to its mainline system between Edmonton and Hardisty, Alberta on Thursday, the total value of the pipeline operator’s commercially secured project portfolio rose to $20-billion through 2016.

As if that isn’t enough on Enbridge’s plate, analyst Paul Lechem at CIBC World Markets notes that the company has another $10-billion of “highly probable” unsecured projects it’s looking to launch.