Company: ENBSF
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001193125-25-149184
Chunk: 3

Company: ENBRIDGE INC
Filing Date: 2025-06-27
Form: 11-K
Chunk 3
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 Enbridge acquired three United States (US) gas utility companies in 2024: The East Ohio Gas Company (EOG), Questar Gas Company (Questar), including its
affiliate, Wexpro Gas Company (Wexpro), and Public Service Company of North Carolina, Incorporated (PSNC). The closing dates of the acquisitions are March 6, 2024 for EOG, May 31, 2024 for Questar and Wexpro and September 30, 2024 for
PSNC. The employees of EOG, Wexpro, Questar and PSNC (collectively, “US Utilities”), including unionized employees, transferred to Enbridge on their respective closing dates and had previously participated in qualified 401(k) savings plans
sponsored by Dominion.

On March 6, 2024, the Plan was amended to mirror the savings plan benefits of the Dominion savings plans for the US Utilities
employees. The Plan was also amended to permit the transfer of account balances and applicable loans from the Dominion savings plans. Each US Utilities employee could elect to have their account balances under the Dominion savings plans, including
any applicable loans, transferred to the Plan. For the year ended December 31, 2024, 401(k) account balances and loans associated with the transferring US Utilities employees of $396,827,000, was included in Rollover Contributions in the
Statement of Changes in Net Assets Available for Benefits.

Participation and Purpose

The purpose of the Plan is to provide an opportunity for eligible employees to enhance their long-term financial security through employee contributions,
contributions from the Company, and investments among certain investment funds.

All Employees Except US Utilities Employees

As defined in the Plan document, all regular employees of the Company or a Participating Affiliate, excluding US Utilities employees, are eligible to elect
participation in the Plan immediately upon hire with participation commencing from the effective date of the election. Temporary employees, who are classified as laborers, are eligible to make plan contributions on the earlier of (i) the first
day of the month following the completion of a year of vesting service or (ii) the date upon which the employee begins filling a full-time or part-time established position with the Company or a Participating Affiliate.

US Utilities Employees

All regular US Utilities
employees, as defined in the Plan document, are eligible to elect participation in the Plan immediately upon hire with participation commencing from the effective date of the election. To be eligible, participants must be