Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 73

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 73
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-19 pandemic and the duration and impact thereof; the expected supply of and demand for crude oil, natural gas, NGL and
renewable energy; prices of crude oil, natural gas, NGL and renewable energy; energy transition; anticipated utilization of assets;
exchange rates; inflation; interest rates; availability and price of labor and construction materials; operational reliability;
customer and regulatory approvals; maintenance of support and regulatory approvals for our projects; anticipated in- service dates;
weather; the timing and closing of acquisitions and dispositions; the realization of anticipated benefits and synergies of
transactions; governmental legislation; litigation; estimated future dividends and impact of our dividend policy on our future cash
flows; our credit ratings; capital project funding; hedging program; expected EBITDA; expected earnings/(loss); expected future cash
flows; and expected distributable cash flow. Assumptions regarding the expected supply of and demand for crude oil, natural gas, NGL
and renewable energy, and the prices of these commodities, are material to and underlie all forward-looking statements, as they may
impact current and future levels of demand for our services. Similarly, exchange rates, inflation and interest rates and the
COVID-19 pandemic impact the economies and business environments in which we operate and may impact levels of demand for our
services and cost of inputs, and are therefore inherent in all forward-looking statements. Due to the interdependencies and
correlation of these macroeconomic factors, the impact of any one assumption on a forward-looking statement cannot be determined
with certainty, particularly with respect to expected EBITDA, expected earnings/(loss), expected future cash flows, expected
distributable cash flow or estimated future dividends. The most relevant assumptions associated with forward-looking statements
regarding announced projects and projects under construction, including estimated completion dates and expected capital
expenditures, include the following: the availability and price of labor and construction materials; the stability of our supply
chain; the effects of inflation and foreign exchange rates on labor and material costs; the effects of interest rates on borrowing
costs; the impact of weather and customer, government, court and regulatory approvals on construction and in-service schedules and
cost recovery regimes; and the COVID-19 pandemic and the duration and impact thereof.

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Our forward-looking statements
are subject to risks and uncertainties pertaining to the successful execution of our strategic priorities, operating performance, legislative
and regulatory parameters; litigation; acquisitions, dispositions and other transactions and