Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 110

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 110
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.7 billion (2023 - $1.7 billion) was amortizable.For the years ended December 31, 2024, 2023 and 2022, distributions received from equity investments were $2.9 billion, $3.1 billion and $2.6 billion, respectively.Summarized combined financial information of our unconsolidated equity investments (presented at 100%) is as follows:Year ended December 31,202420232022(millions of Canadian dollars)Operating revenues20,657 22,586 30,026 Operating expenses14,692 17,111 23,835 Earnings5,177 4,818 5,123 Earnings attributable to Enbridge2,304 1,816 2,056 December 31,20242023(millions of Canadian dollars)Current assets8,611 5,842 Non-current assets69,381 61,141 Current liabilities7,240 6,194 Non-current liabilities27,491 23,957 Noncontrolling interests4,979 4,124 

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DISPOSITIONDisposition of Alliance Pipeline and Aux Sable InterestsOn April 1, 2024, we closed the sale of our 50.0% interest in the Alliance Pipeline, our interest in Aux Sable and our interest in NRGreen Power Limited Partnership (NRGreen) to Pembina Pipeline Corporation for $3.1 billion, including $327 million of non-recourse debt. A gain on disposal of $1.1 billion before tax, which is net of $1.0 billion of the goodwill from our Gas Transmission segment allocated to the disposal group, is included in Gain on disposition of equity investments in the Consolidated Statements of Earnings for the year ended December 31, 2024. Our equity investments in the Alliance Pipeline and Aux Sable were previously included in our Gas Transmission segment. Our equity investment in NRGreen was previously included in our Renewable Power Generation segment.OTHER EQUITY INVESTMENT TRANSACTIONSJoint Venture with WhiteWater/I Squared and MPLXOn May 29, 2024, we formed a joint venture (the Whistler Parent JV) with WhiteWater/I Squared Capital (WhiteWater/I Squared) and MPLX LP (MPLX) that will develop, construct, own and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to