Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 63

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 63
---
itures to datePre-construction20287.Canyon System Pipelines100 %US$0.7 billionUS$6 millionPre-construction2029GAS DISTRIBUTION AND STORAGE8.Moriah Energy Center4100 %US$0.6 billionUS$252 millionUnder construction20279.T-15 Reliability Project4,5100 %US$0.7 billionUS$15 millionPre-construction2027 - 2028RENEWABLE POWER GENERATION10.Sequoia Solar100 %US$1.1 billionUS$469 millionVarious stages2025 - 202611.Calvados Offshore Wind621.7 %$1.0 billion$426 millionUnder construction2027(€0.6 billion)(€294 million)

1These amounts are estimates and are subject to upward or downward adjustment based on various factors. Where appropriate, the amounts reflect our share of joint venture projects.

2Expenditures to date and status of the project are determined as at March 31, 2025.

3Our equity contribution is approximately US$0.9 billion, with the remainder financed through non-recourse project level debt. Capital cost estimates will be updated in 2025, at which point Enbridge's preferred return will be set.

4Previously approved projects that were acquired by Enbridge through the acquisition of Public Service Company of North Carolina, Incorporated in the third quarter of 2024.

5Includes approved capital costs for the second phase of the project which involves installation of additional compression to add capacity and is expected to go into service in 2028.

6Our equity contribution is approximately $0.3 billion, with the remainder financed through non-recourse project level debt.

A full description of each of our material projects is provided in our annual report on Form 10-K for the year ended December 31, 2024. Significant updates that have occurred since the date of filing of our Form 10-K are discussed below.

42

GAS TRANSMISSION

•T-North Expansion (Birch Grove) - An expansion of our British Columbia (BC) Pipeline in northern BC that includes pipeline looping and ancillary station modifications to support 178 million cubic feet per day of additional capacity. The project is underpinned by a cost-of-service commercial model with a target in-service date in the third quarter of 2028. This expansion is driven by the need for natural gas producers in northeastern BC to access markets for their growing production, mainly from the prolific