Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 170

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 170
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 enable the transportation of crude oil, cleaner fuels, and other export opportunities. Building on our early experience, we expect that carbon capture and storage (CCS) offers the potential to provide additional new growth opportunities within our footprint in jurisdictions with supportive regulatory regimes.

•Our natural gas transmission business will seek extension and expansion opportunities driven by new load demand from gas-fired power generation (including for data centers, electrification, and reshoring), industrial growth, and coastal LNG plants. The strategic asset position we possess produces opportunities to accelerate growth and meet customer needs. Our rate regulated cost-of-service business model creates secured growth opportunities that yield predictable, low-risk cash flows. We are also focused on facilitating the connection of new gas supply to key demand centers and the build-out of our Permian gas value chain. Looking forward, we expect the integration of producing and blending RNG into our system to enhance asset longevity, enable us to offer differentiated lower-carbon solutions to customers and further decarbonize our gas offerings.  

•Our North American gas distribution and storage business will continue to grow through customer additions and modernization investments. Data center driven demand presents an opportunity for the business to expand services by fueling natural gas power plants. We believe system and storage enhancements in the business will increase system flexibility, reliability, and price stability for customers. 

•Our renewable power business continues to be well positioned to capitalize on the growth of renewables in North America and Europe through disciplined investment in diversified renewable technologies and selective development in supportive jurisdictions where we have an established presence. We will continue to leverage our strong internal capabilities and our existing partnerships to successfully execute our large development portfolio.

In addition, we aim to drive growth with a focus on optimization, modernization, productivity, and efficiency across all our businesses. Examples include: the application of drag-reducing agents and pump station modifications to optimize throughput on our liquids system, the execution of toll settlements and rate case filings to optimize revenue within our liquids pipeline and gas transmission franchises, the expansion of lower-carbon gas offerings to modernize and integrate value chains at our gas utilities, and the creation of sustainable cost savings across the organization through innovation, process improvement and system enhancements.

Maintain Financial Strength and Flexibility

Our financing strategies are designed to retain strong, investment-grade credit ratings so that we have the financial capacity to meet our capital funding needs and the flexibility to manage capital market disruptions. We expect that the current secured capital program can be readily financed through an equity self-funded model. For further discussion on our financing strategies, refer to Part II.