Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 0

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 0
---
Filed pursuant to Rule 424(b)(5)

Registration No. 333-289186

The information in this preliminary prospectus supplement and the accompanying prospectus is not complete and may be changed. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. This prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting offers to buy these securities in any jurisdiction where the offer or sale is not permitted.

<div align='center'>Subject to Completion, Dated November 17, 2025</div>

Preliminary Prospectus Supplement
November , 2025
(To Prospectus Dated August 1, 2025)

<div align='center'>US$

Enbridge Inc.

US$ % Senior Notes due 2028

US$ % Senior Notes due 2031

US$ % Senior Notes due 2035

Fully and Unconditionally Guaranteed by
Enbridge Energy Partners, L.P. and Spectra Energy Partners, LP</div>

We are offering US$
aggregate principal amount of % Senior Notes due 2028 (the “2028 Notes”),
US$ aggregate principal amount of %
Senior Notes due 2031 (the “2031 Notes”) and US$
aggregate principal amount of % Senior Notes due 2035 (the “2035 Notes” and,
together with the 2028 Notes and the 2031 Notes, the “Notes”). The 2028 Notes will mature on ,
2028, the 2031 Notes will mature on ,
2031 and the 2035 Notes will mature on ,
2035. The 2028 Notes will bear interest at the rate of % per annum, payable semi-annually
in arrears on
and , beginning
on , 2026.
The 2031 Notes will bear interest at the rate of % per annum, payable semi-annually in
arrears on and
, beginning
on , 2026.
The 2035 Notes will bear interest at the rate of % per annum, payable semi-annually in
arrears on and
, beginning
on , 2026.

We may, at our option, redeem
any series of the Notes, in whole or in part, at any time or from time to time, at the applicable redemption prices and subject to the
conditions described under “Description of the Notes and the Guarantees — Redemption — Optional Redemption”. We
may also redeem any series