Canada native groups sign pipeline deals: Enbridge

Reuters News
Posted: Dec 02, 2011 5:33 PM

TORONTO (Reuters) - Enbridge Inc expects to win support for its C$5.5 billion ($5.4 billion) Northern Gateway pipeline from a majority of native communities along the proposed route based on current negotiations, an executive said on Friday.

The company has signed deals with some aboriginal groups for an overall 10 percent equity stake in the project, Enbridge Vice-President Janet Holder said during a conference call to discuss one agreement. But she declined to say how many deals it has in hand, citing confidentiality agreements.

(Reporting by Jeffrey Jones; Editing by Peter Galloway)