Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 61

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 61
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 Disposition1389. Other Current Assets14710. Inventory14711. Property, Plant and Equipment14812. Variable Interest Entities14913. Long-Term Investments15114. Intangible Assets15415. Goodwill15516. Other Current Liabilities15517. Debt15618. Asset Retirement Obligations16019. Noncontrolling Interests16020. Share Capital16121. Stock Option and Stock Unit Plans16422. Components of Accumulated Other Comprehensive Income/(Loss)16723. Risk Management and Financial Instruments16824. Income Taxes18125. Pension and Other Postretirement Benefits18326. Leases19127. Other Income/(Expense)19328. Changes in Operating Assets and Liabilities19329. Related Party Transactions19430. Commitments and Contingencies19431. Guarantees19632. Quarterly Financial Data (Unaudited)197

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1.  BUSINESS OVERVIEW

The terms "we", "our", "us" and "Enbridge" as used in this report refer collectively to Enbridge Inc. and its subsidiaries unless the context suggests otherwise. These terms are used for convenience only and are not intended as a precise description of any separate legal entity within Enbridge.Effective January 1, 2024, to better align how the chief operating decision maker (CODM) reviews operating performance and resource allocation across operating segments, we transferred our Canadian and United States (US) crude oil marketing businesses from the Energy Services segment to the Liquids Pipelines segment. As a result, the Energy Services segment ceased to exist and the remainder of the business, comprising natural gas and power marketing, is now reported in Eliminations and Other. Beginning in the first quarter of 2024, prior period comparable results for segmented information have been recast to reflect the change in reportable segments. This segment reporting change does not have an impact on our consolidated results.Enbridge is a publicly traded energy transportation and distribution company. We conduct our business through four business segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. These reporting segments are strategic business units established by senior management to facilitate the achievement of our long-term objectives, to aid in resource allocation decisions and to assess operational performance.LIQUIDS PIPELINESLiquids Pipelines consists of pipelines and terminals in Canada and the US that transport and export various grades of crude oil and other liquid hydrocarbons, including the Mainline System, Regional Oil Sands System, Gulf Coast and Mid-Continent,