Pipeline operator Enbridge Inc. is buying assets from natural gas giant Encana Corp. in northwestern Alberta as it looks to grow its presence in the natural gas gathering and compression business. The facilities that Enbridge will acquire are in the Peace River Arch region and are either in service or under construction.
Enbridge didn't give a pricetag for the deal, but said the financial terms will "parallel" previously established terms between Enbridge and Encana reached in 2011. Once the facilities are complete in 2013, Enbridge expects to have spent $264 million in the Peace River Arch.
