Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 109

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 109
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 System by us.3Includes Alliance Pipeline Limited Partnership in Canada and Alliance Pipeline L.P. in the US.

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4Includes Aux Sable Canada LP in Canada and Aux Sable Liquid Products L.P. and Aux Sable Midstream LLC in the US.5On April 1, 2024, we closed the sale of our 50.0% equity interest in the Alliance Pipeline and our interest in Aux Sable to Pembina Pipeline Corporation for $3.1 billion, including $0.3 billion of non-recourse debt.6We own 23.4% of the Class A units of DCP Midstream, LLC. These units represent DCP Midstream, LLC's 56.5% interest in DCP Midstream, LP (DCP), resulting in a 13.2% effective interest in DCP by us.7On October 31, 2024, we acquired an effective 15.0% interest in Delaware Basin Residue, LLC (DBR) for consideration of $303 million (US$220 million). DBR owns transportation and storage assets in West Texas, serving as the primary supply point for the Whistler Pipeline.8On May 29, 2024, we formed a joint venture with WhiteWater/I Squared Capital and MPLX LP. We hold a 19.0% interest in the joint venture, which owns a 100% interest in the Rio Bravo Pipeline project. Additionally, we have a 25.0% special interest in the Rio Bravo Pipeline project, resulting in a 39.3% effective interest in the Rio Bravo Pipeline project by us.9Owns a 50.0% interest in Éolien Maritime France SAS (EMF). Through our investment in EMF, we own equity interests in three French offshore wind projects, including effective interests in Saint-Nazaire (25.5%), Fécamp (17.9%) and Calvados (21.7%).10 Consists of investments in exchange-traded funds and debt securities held by our wholly-owned captive insurance subsidiaries. Refer to Note 23 - Risk Management and Financial Instruments.Equity investments include the unamortized excess of the purchase price over the underlying net book value of the investees' assets at the purchase date. As at December 31, 2024, this basis difference was $3.7 billion (2023 - $3.5 billion), of which $1