On 16 August 2011 Canadian midstream energy player Enbridge Inc. announced an agreement to acquire Toronto-based independent transmission developer Tonbridge Power for US$20 million plus an additional US$50 million in company debt. Tonbridge's primary asset is the 214 mile 230 kV Montana-Alberta Tie Line (MATL), which began construction in August 2010. Key trends in this On Point include: Enbridge investment in MATL positioned to unlock Montana wind growth. Canadian energy player Enbridge pushes deeper into electric industry. Enbridge entry highlights growing attractiveness of US transmission investment opportunity.
On 16 August 2011 Canadian midstream energy player Enbridge Inc. announced an agreement to acquire Toronto-based independent transmission developer Tonbridge Power for US$20 million plus an additional US$50 million in company debt. Tonbridge's primary asset is the 214 mile 230 kV Montana-Alberta Tie Line (MATL), which began construction in August 2010. Key trends in this On Point include: