Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 107

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 107
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erm Investments. As at December 31, 2024, our maximum exposure to loss includes funding obligations that have been committed in project contracts in which we would be liable for in the event of default by the VIE.5In April 2024, Enbridge sold its interest in Aux Sable Liquid Products L.P. Refer to Note 13 - Long-Term Investments. As at December 31, 2023, our maximum exposure to loss included a guarantee by us for our respective share of the VIE's borrowing on a bank credit facility.6In November 2023, Enbridge acquired a 50.0% interest in Fox Squirrel Solar LLC. Refer to Note 13 - Long-Term Investments. As at December 31, 2024, Fox Squirrel Solar LLC no longer met the requirements of a VIE as a result of a VIE reconsideration event. As at December 31, 2023, our maximum exposure to loss included parental guarantees that had been committed in project contracts in which we would be liable for in the event of default by the VIE.We do not have an obligation to and did not provide any additional financial support to our unconsolidated VIEs during the years ended December 31, 2024 and 2023.

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13.  LONG-TERM INVESTMENTS

December 31,Ownership Interest20242023(millions of Canadian dollars)   EQUITY INVESTMENTS   Liquids Pipelines   Cactus II Pipeline LLC30.0 %651 618 DCP Midstream, LLC (Class B Units)190.0 %1,554 1,486 Illinois Extension Pipeline Company, L.L.C.65.0 %608 584 MarEn Bakken Company LLC275.0 %2,296 1,819 Seaway Crude Holdings LLC50.0 %2,820 2,661 Other30.0 %-43.8 %96 84 Gas TransmissionAlliance Pipeline3,550.0 %— 359 Aux Sable4,542.7 %-50.0 %— 229 DCP Midstream, LLC (Class A Units)623.4 %480 367 Delaware Basin Residue, LLC715.0 %319 — Gulfstream Natural Gas System, L.L.C.50.0 %1,316 1,