Enbridge Inc., a leading North American energy giant on Monday, April 1, announced the closing of the previously announced sale of its 50% interests in the Alliance and its 42.7% interest in Aux Sable pipelines to Pembina Pipeline Corporation for $3.1 billion.

The deal, announced on December 13, 2023, is a key part of Enbridge's financing plan for its U.S. gas utilities acquisitions and debt reduction.

Enbridge’s move marks a significant milestone in the company's efforts to work with Pembina, while also remaining committed to the safe and reliable operation of the sold assets during the transition phase.