Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 8

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 8
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 non-operating factors above, we saw a $249 million decrease in EBITDA that is primarily explained by:

•higher realized foreign exchange losses on hedge settlements in 2025; and

•lower investment income in 2025 compared to 2024 from investing cash sources from the pre-funding of the Acquisitions.

41

GROWTH PROJECTS - COMMERCIALLY SECURED PROJECTS

The following table summarizes the status of our material commercially secured projects, organized by business segment:Enbridge's Ownership InterestEstimatedCapital Cost1Expendituresto Date2Status2ExpectedIn-ServiceDate(Canadian dollars, unless stated otherwise)GAS TRANSMISSION1.Texas Eastern Modernization100 %US$0.4 billionUS$162 millionUnder construction2025 - 20262.T-North Expansion (Aspen Point)100 %$1.2 billion$325 millionUnder construction20263.Tennessee Ridgeline Expansion100 %US$1.1 billionUS$237 millionPre-construction20264.Woodfibre LNG330 %US$1.5 billionUS$699 millionUnder construction20275.T-South Expansion (Sunrise)100 %$4.0 billion$235 millionPre-construction20286.T-North Expansion (Birch Grove)100 %$0.4 billionNo significantexpenditures to datePre-construction20287.Canyon System Pipelines100 %US$0.7 billionUS$6 millionPre-construction2029GAS DISTRIBUTION AND STORAGE8.Moriah Energy Center4100 %US$0.6 billionUS$252 millionUnder construction20279.T-15 Reliability Project4,5100 %US$0.7 billionUS$15 millionPre-construction2027 - 2028RENEWABLE POWER GENERATION10.Sequoia Solar100 %US$1.1 billionUS$469 millionVarious stages2025 - 202611.Calvados Offshore Wind621.7 %$1.0 billion$426 millionUnder construction2027(€0.6 billion)(€294 million)

1These amounts are estimates and are subject to upward or downward adjustment based on various factors. Where appropriate, the amounts reflect our share of joint venture projects.

2Expenditures to date and status of the project are determined as at March 31, 2025.

3Our equity contribution is approximately US$0.9 billion, with the remainder financed