Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 8

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 8
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; inflation;
interest rates; tariffs and trade policies; availability and price of labor and construction materials; the stability of the Corporation’s
supply chain; operational reliability; maintenance of support and regulatory approvals for the Corporation’s projects and transactions;
anticipated in-service dates; weather; the timing, terms and closing of acquisitions, dispositions and other transactions, and of this
offering; the realization of anticipated benefits of transactions, including the Acquisitions; governmental legislation; litigation; estimated
future dividends and impact of the Corporation’s dividend policy on its future cash flows; the Corporation’s credit ratings;
capital project funding; hedging program; expected earnings before interest, income taxes and depreciation and amortization; 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, LNG, RNG 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 the Corporation’s services. Similarly, exchange
rates, inflation, interest rates and tariffs impact the economies and business environments in which the Corporation operates and may
impact levels of demand for the Corporation’s services and cost of inputs, and are therefore inherent in all forward-looking statements.
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.

The Corporation’s forward-looking
statements are subject to risks and uncertainties pertaining to the successful execution of the Corporation’s strategic priorities;
operating performance; legislative and regulatory parameters; litigation; acquisitions, dispositions and other transactions and the realization
of anticipated benefits therefrom (including the anticipated benefits from the Acquisitions); evolving government trade policies, including
potential and announced tariffs, duties, fees, economic sanctions or other trade measures; this offering; operational dependence on third
parties; dividend policy; project approval and support; renewals of rights-of-way; weather; economic and competitive conditions; public
opinion; changes in tax laws and tax rates; exchange rates; inflation; interest rates; commodity prices; access to