Enbridge: Update On Southern Access Extension

Yahoo! In-Play:

Enbridge launches open season for Southern Access Extension: Co announced a binding open season to solicit commitments from shippers for capacity on the proposed Southern Access Extension pipeline, to be constructed, owned, and operated by U.S. subsidiary Enbridge Pipelines (Illinois) L.L.C. The new pipeline will transport crude oil from Pontiac, Illinois, at Enbridge's Flanagan Terminal, where it will receive crude oil from Enbridge Energy Partners, L.P.'s Lakehead System, to Patoka, Illinois. The 165-mile (265-kilometer), 24-inch diameter pipeline will be constructed as a stand-alone project with an anticipated in service date of early 2015.

This is really, really cool. MDW just blogged about this extension a few days ago (December 7, 2012, to be exact):

• a 265 km, 24-in od, Southern Access Extension Pipeline from Flanagan, IL, to Patoka, IL; estimated $800 million; initial capacity will be 300,000 bopd; contract for supply will be Marathon Petroleum
• Enbridge could increase capacity if demand is warranted (additional horsepower or increasing od to 30 inches
• Subtotal: $0.8 billion