Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 50

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 50
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 — 67 Commodity contracts34 72 256 362 Other contracts— 3 — 3  34 267 256 557 Long-term derivative assets    Foreign exchange contracts— 83 — 83 Interest rate contracts— 146 — 146 Commodity contracts1 14 182 197 1 243 182 426 Financial liabilities    Current derivative liabilities    Foreign exchange contracts— (804)— (804)Interest rate contracts— (80)— (80)Commodity contracts(52)(116)(283)(451)(52)(1,000)(283)(1,335)Long-term derivative liabilities    Foreign exchange contracts— (1,579)— (1,579)Interest rate contracts— (80)— (80)Commodity contracts(1)(31)(207)(239)(1)(1,690)(207)(1,898)Total net financial asset/(liability)   Foreign exchange contracts— (2,175)— (2,175)Interest rate contracts— 53 — 53 Commodity contracts(18)(61)(52)(131)Other contracts— 3 — 3  (18)(2,180)(52)(2,250)The significant unobservable inputs used in the fair value measurement of Level 3 derivative instruments were as follows:March 31, 2025FairValueUnobservableInputMinimumPrice/VolatilityMaximumPrice/ VolatilityWeightedAverage Price/VolatilityUnit ofMeasurement(fair value in millions of Canadian dollars)Commodity contracts - financial1Natural gas11 Forward gas price3.789.855.91$/mmbtu2Crude(8)Forward crude price76.32103.7597.19$/barrelPower(19)Forward power price28.60195.4574.48$/MW/HCommodity contracts - physical1Natural gas(71)Forward gas price0.5912.214.61$/mmbtu2Crude25 Forward crude price76.45118.3699.11$/barrelPower(15)Forward power price24.97138.5876.37$/MW/HCommodity options3Natural gas134 Forward gas price4.6611.297.60$/mmbtu2Price volatility11%77%53%57 1Financial and physical forward commodity contracts are valued using a market approach valuation technique.2