Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 26

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 26
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 by the Depositary, the redemption of the Notes shall be done
in accordance with the policies and procedures of the Depositary.

Notice of redemption of any
series of the Notes given to holders of such series of the Notes may be conditional and, in such case, such notice of redemption shall
specify the details and terms of any event (e.g., a financing, asset disposition or other transaction) on which such redemption
is conditional.

Unless the Corporation defaults
in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes or portions thereof called
for redemption.

<div align='center'>S-16</div>

Tax Redemption

Each series of the Notes
will be subject to redemption at any time at a redemption price equal to the principal amount of the Notes of that series, together with
accrued and unpaid interest to the date fixed for redemption, upon the giving of the notice as described below, if the Corporation (or its
successor) determines that (1) as a result of (A) any amendment to or change (including any announced prospective change) in
the laws or related regulations of Canada (or the Corporation’s successors’ jurisdiction of organization) or of any applicable
political subdivision or taxing authority or (B) any amendment to or change in an interpretation or application of such laws or
regulations by any legislative body, court, governmental agency or regulatory authority announced or becoming effective on or after the
date of this prospectus supplement, the Corporation has or will become obligated to pay, on the next Interest Payment Date for the Notes
of that series, additional amounts with respect to any Note of that series as described under “— Payment of Additional
Amounts”, or (2) on or after the date of this prospectus supplement, any action has been taken by any taxing authority of,
or any decision has been rendered by a court in, Canada (or the Corporation’s successors’ jurisdiction of organization) or
any applicable political subdivision or taxing authority, including any of those actions specified in (1) above, whether or not
the action was taken or decision rendered with respect to the Corporation, or any change, amendment, application or interpretation is
officially proposed, which, in the opinion of the Corporation’s counsel, will result in the Corporation becoming obligated to pay,
on the next Interest Payment Date for the Notes of that series, additional amounts with respect to any Note of such series of Notes,
and the Corporation has determined that the obligation