Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 7

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 7
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 current and future levels of demand for the Corporation’s services. Similarly, exchange
rates, inflation, interest rates and tariffs impact the economies and business environments in which the Corporation operates and may
impact levels of demand for the Corporation’s services and cost of inputs, and are therefore inherent in all forward-looking statements.
The most relevant assumptions associated with forward-looking statements regarding announced projects and projects under construction,
including estimated completion dates and expected capital expenditures, include the following: the availability and price of labor and
construction materials; the stability of our supply chain; the effects of inflation and foreign exchange rates on labor and material costs;
the effects of interest rates on borrowing costs; the impact of weather; and customer, government, court and regulatory approvals on construction
and in-service schedules and cost recovery regimes.

The Corporation’s forward-looking
statements are subject to risks and uncertainties pertaining to the successful execution of the Corporation’s strategic priorities;
operating performance; legislative and regulatory parameters; litigation; acquisitions, dispositions and other transactions and the realization
of anticipated benefits therefrom (including the anticipated benefits from the Acquisitions); evolving government trade policies, including
potential and announced tariffs, duties, fees, economic sanctions or other trade measures; this offering; operational dependence on third
parties; dividend policy; project approval and support; renewals of rights-of-way; weather; economic and competitive conditions; public
opinion; changes in tax laws and tax rates; exchange rates; inflation; interest rates; commodity prices; access to and cost of capital;
the Corporation’s ability to maintain adequate insurance in the future at commercially reasonable rates and terms; political decisions;
global geopolitical conditions; and the supply of, demand for and prices of commodities and other alternative energy, including but not
limited to, those risks and uncertainties discussed in the prospectus, this prospectus supplement and in documents incorporated by reference
into the prospectus and this prospectus supplement. The impact of any one assumption, risk, uncertainty or factor on a particular forward-looking
statement is not determinable with certainty as these are interdependent and the Corporation’s future course of action depends on
management’s assessment of all information available at the relevant time. Except to the extent required by applicable law, the
Corporation assumes no obligation to publicly update or revise any forward-looking statement made in the prospectus and this prospectus
supplement or otherwise, whether as a result of new information, future events or otherwise. All forward-looking statements, whether written
or oral, attributable to the Corporation or persons acting