Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 136

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 136
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— — — — — 84,800 84,800 Interest rate contracts - short-term pay fixed rate (millions of Canadian dollars)2,296 1,737 676 49 13 — 4,771 9,018 Interest rate contracts - short-term receive fixed rate (millions of Canadian dollars)— — — — — — — 2,015 Interest rate contracts - long-term pay fixed rate (millions of Canadian dollars)14,531 753 — — — — 5,284 5,162 Interest rate contracts - costless collar (millions of Canadian dollars)1,938 268 104 6 — — 2,316 1,139 Equity contracts (millions of Canadian dollars)— — — — — — — 47 Commodity contracts - natural gas (billions of cubic feet)2154 79 37 11 5 2 288 86 Commodity contracts - crude oil (millions of barrels)26 15 1 1 1 1 25 6 Commodity contracts - power (megawatt per hour (MW/H))61 24 (31)(49)(30)— (5)3(22)31Represents the notional amount of long-term debt issuances hedged.2Represents the notional amount of net purchase/(sale).3Total is an average net purchase/(sale) of power.Derivatives Designated as Fair Value HedgesThe following table presents foreign exchange derivative instruments that are designated and qualify as fair value hedges. The realized and unrealized gain or loss on the derivative is included in Other income/(expense) or Interest expense in the Consolidated Statements of Earnings. The offsetting loss or gain on the hedged item attributable to the hedged risk is included in Other income/(expense) in the Consolidated Statements of Earnings. Any excluded components are included in the Consolidated Statements of Comprehensive Income.Year ended December 31,20242023(millions of Canadian dollars)Unrealized loss on derivative(3)(132)Unrealized gain on hedged item6 131 Realized gain/(loss) on derivative26 (47)Realized loss on hedged item(79)— 

172

The Effect of Derivative Instruments on the Statements of Earnings and Comprehensive IncomeThe