Toronto, March 05, 2014 -- Moody's Investors Service said that Enbridge Inc's (ENB, Baa1 stable) announcement that it will proceed with its CAD7 billion Line 3 Replacement (L3R) Program project has no impact on its ratings or those of its sponsored investment Enbridge Energy Partners, L.P. (EEP, Baa2 stable). Once in service, the project will have a profile similar to many other Enbridge investments, characterized by low business risk and relatively predictable cash flow. However, the project carries more execution risk than other Enbridge projects, owing to its size, high profile and lack of material construction risk sharing elements with shippers after 2014.

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