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Ontario approves merger of Enbridge and Union Gas, clearing path for 'virtual monopoly'

from Global News

Ontario regulators have approved the merger of Enbridge and Union Gas, clearing the way for the creation of a near monopoly in the province’s natural gas sector. But in an effort to protect consumers, regulators denied several of the companies' key proposals — including a 10-year hiatus before having to do a full review of its books and a profit-sharing scheme that would have all but guaranteed excess earnings made by the company would not be split with customers. more

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