Enbridge Energy Partners Shelves Sandpiper Pipeline Project

Canadian pipeline operator Enbridge Inc.’s Enbridge Energy Partners LP is calling off for now plans for a 616-mile pipeline that was intended to carry crude oil from North Dakota to Wisconsin, citing the recent drop in oil prices. Houston-based Enbridge Energy Partners said it had determined it doesn’t need the additional pipeline capacity and, therefore, was putting the $2.6 billion Sandpiper project on hold until oil production in North Dakota “recovers sufficiently to support development of new pipeline capacity,” which, it said, won’t happen within its current five-year plan based on current projections.