Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 157

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 157
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 year1,290 1,291 433 445 Unrealized and realized gains/(losses)104 (41)63 (12)Purchases and settlements, net70 40 (8)— Balance at end of year1,464 1,290 488 433 

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OPEB PlansThe following table summarizes the fair value of plan assets for our US funded OPEB plans recorded at each fair value hierarchy level:Level 11Level 22Level 33Total(millions of Canadian dollars)    December 31, 2024Cash and cash equivalents4 — — 4 Equity securitiesUS— 52 — 52 Global— 93 — 93 Fixed income securitiesGovernment71 6 — 77 Corporate— 19 — 19 Alternatives4— — 33 33 Total OPEB plan assets at fair value75 170 33 278 December 31, 2023Cash and cash equivalents3 — — 3 Equity securitiesUS— 36 — 36 Global— 62 — 62 Fixed income securitiesGovernment42 3 — 45 Corporate— 12 — 12 Alternatives4— — 29 29 Total OPEB plan assets at fair value45 113 29 187 1Level 1 assets include assets with quoted prices in active markets for identical assets.2Level 2 assets include assets with significant observable inputs.3Level 3 assets include assets with significant unobservable inputs.4Alternatives includes investments in private debt, private equity, infrastructure and real estate.Changes in the net fair value of US funded OPEB plan assets classified as Level 3 in the fair value hierarchy were as follows:December 31,20242023(millions of Canadian dollars)Balance at beginning of year29 28 Unrealized and realized gains5 1 Purchases and settlements, net(1)— Balance at end of year33 29 

190

EXPECTED BENEFIT PAYMENTSYear ending December 31,202520262027202820292030-2034(millions of Canadian dollars)      PensionCanada214 220 226 232 238 1,285 US117 120 123 123 120 625 OPEBCanada11 12 12 12 12 64