Enbridge changes status to not-for-profit
There will be no profiting off of natural gas in Ontario after July 31st, 2014, as Enbridge Inc. has registered to operate as a non-profit enterprise.
“The only way we can maintain affordable home heating for the majority of Ontarians is to eat the costs ourselves,” said Al Monaco, president and chief executive officer of Enbridge Inc. “No longer shall any business be in a position to exploit those who wish to simply keep their homes warm.”