Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 16

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 16
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 contingent liabilities, as they became absolute and mature; or             |

| · | it could not pay its debts as they became due. |

The guarantee for the Notes
will contain a provision intended to limit the Guarantors’ liability to the maximum amount that they could incur without causing
the incurrence of obligations under the guarantee to be a fraudulent conveyance or fraudulent transfer under U.S. federal or state law.
This provision may not be effective to protect the guarantee from being voided under fraudulent transfer law.

We cannot provide assurance that an active trading market will develop for any series of the Notes.

Each series of the Notes is
a new issue of securities with no established trading market. The underwriters have advised us that they intend to make a market in the
Notes as permitted by applicable laws and regulations; however, the underwriters are not obligated to make a market in the Notes, and
they may discontinue their market-making activities at any time without notice. Therefore, we cannot assure you that an active market
for any series of the Notes will develop or, if developed, that it will continue. We cannot assure you that the market, if any, for any
series of the Notes will be free from disruptions that may adversely affect the price at which you may sell such Notes. Future trading
prices of the Notes will also depend on many other factors, including, among other things, prevailing interest rates, the market for similar
securities, our financial performance and other factors. Generally, the liquidity of, and trading market for, the Notes may also be materially
and adversely affected by declines in the market for similar debt securities. Such a decline may materially and adversely affect that
liquidity and trading independent of our financial performance and prospects.

<div align='center'>S-8

Consolidated Capitalization</div>

The following table summarizes
our consolidated capitalization as of September 30, 2025 on:

| · | an actual basis; and |

| · | an as adjusted basis to give effect to the issuance and sale of the Notes described in this prospectus                     
 supplement, without giving effect to the application of the net proceeds thereof. See “Use of Proceeds” in this prospectus 
 supplement.                                                                                                                |

You should read this table together with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, the audited consolidated financial statements for the year ended December 31, 2024 and the related notes thereto in our 2024 Annual Report and the unaud