Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 73

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 73
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, financing and timing of our acquisitions, dispositions and other transactions, including the anticipated benefits
of the acquisitions of three U.S. gas utilities (“U.S. Gas Utilities”) from Dominion Energy, Inc. (the “Acquisitions”);
expected future actions of regulators and courts, government trade policies, as well as possible impacts of potential and announced tariffs,
duties, fees, economic sanctions, or other trade measures and the timing thereof; expected costs, benefits and in-service dates related
to announced projects and projects under construction; expected capital expenditures; investable capacity and capital allocation priorities;
expected equity funding requirements for our commercially secured growth program; expected future growth, development and expansion opportunities;
expected optimization and efficiency opportunities; expectations about our joint venture partners’ ability to complete and finance
projects under construction; our ability to successfully integrate the U.S. Gas Utilities; expected closing of acquisitions, dispositions
and other transactions and the timing thereof; toll and rate cases discussions and proceedings and anticipated outcomes, timelines and
impacts therefrom, including those relating to the Gas Transmission and Gas Distribution and Storage businesses; operational, industry,
regulatory, climate change and other risks associated with our businesses; and our assessment of the potential impact of the various risk
factors identified herein.

Although we believe these forward-looking statements
are reasonable based on the information available on the date such statements are made and processes used to prepare the information,
such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements.
By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which
may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.
Material assumptions include assumptions about the following: the expected supply of, demand for, export of and prices of crude oil, natural
gas, NGL, LNG, RNG and renewable energy; anticipated utilization of assets; exchange rates; inflation; interest rates; tariffs and trade
policies; availability and price of labor and construction materials; the stability of our supply chain; operational reliability; maintenance
of support and regulatory approvals for our projects and transactions; anticipated in-service dates; weather; the timing, terms
and closing of acquisitions, dispositions and other transactions; the realization of anticipated benefits of transactions, including the
Acquisitions; governmental legislation; litigation; estimated future dividends and impact of our dividend policy on our future cash flows;
our credit ratings; capital project funding; hedging