Enbridge says it’s not threatened by TransCanada pipeline plans

CALGARY— Enbridge doesn’t see a rival pipeline company’s plan to ship western crude east as a threat to its own ambitions, new CEO Al Monaco said Wednesday as the firm posted improved quarterly results.

TransCanada Corp. (TSX: TRP), another major Calgary-based pipeline operator, said last week its plan to convert part of its natural gas main line to crude service appears to be economically and technically feasible, and that its customers seem to be keen on the idea.

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