Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 209

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 209
---
In Canada, our Renewable Power Generation assets are subject to the federal Species at Risk Act and provincial regulations that are aimed at mitigating the effects of development and human activity on wildlife. At the US federal level, our assets are subject to legislation overseen by the US Fish and Wildlife Service, which is similarly aimed at reducing the impact of development and human activity on wildlife, along with other federal environmental permitting legislation. These environmental laws (federal, state and provincial) are subject to change from time to time which could require Enbridge to obtain new permits, update practices, or amend operations and operating expenditures. 

The regulatory landscape continues to evolve to address new developments within this relatively new industry. In the summer of 2023, the Federal Government of Canada introduced its draft CE Regulation that are intended to achieve a net-zero electricity grid by 2050 with initial limitations beginning in 2035. The Federal Government of Canada released finalized regulations on December 17, 2024 setting limits on GHG emissions from almost all electricity generation units that use fossil fuels. The finalized regulations also include a compliance credit system, and opportunities for credit trading and pooling within federal and provincial frameworks, intended to provide flexibility for operators to meet the new standards.

Similarly, in April 2024, the US EPA finalized regulations for coal-fired and new natural gas-fired power plants designed to reduce emissions 75 percent below 2005 levels by 2035. These regulations require covered facilities to reduce carbon dioxide emissions equivalent to a 90 percent carbon capture and sequestration rate by 2032. Facilities with less than 40 percent capacity rates would be required to adhere to less stringent requirements, including enhanced energy efficiency. These government policies are rapidly evolving, including as a result of changes in governments.  We continue to monitor these developments, together with their impact on our business. 

Enbridge’s Renewable Power Generation resources are substantially non-emitting. 

HUMAN CAPITAL RESOURCES

WORKFORCE SIZE AND COMPOSITION

As at December 31, 2024, we had approximately 14,500 regular employees, including approximately 2,600 unionized employees across our North American operations. This total includes approximately 3,500 employees who joined in 2024 following the close of the Acquisitions of the US Gas Utilities. Overall headcount rises to just over 16,000 if temporary employees and contractors are included. We have a strong preference for direct employment relationships but where we have collectively bargained-for employees, we have mature working relationships with our labor unions and the parties