Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 37

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 37
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 toward our energy transition goals. The goodwill balance recognized has been assigned to our Gas Transmission segment and is tax deductible over 15 years.d)  We entered into six non-interest bearing promissory notes due to Morrow Renewables, the total value of which represents deferred payments of $808 million (US$606 million) due within two years. The first  payment was made on January 2, 2025 and the second payment is due on December 31, 2025. The $757 million (US$568 million) recognized in the purchase price represents the fair value of deferred consideration at the date of acquisition using the imputed interest rate method over the terms of the notes.Upon completion of the RNG Facilities Acquisition, we began consolidating Tomorrow RNG. For the period beginning January 2, 2024 through to March 31, 2024, operating revenues and earnings attributable to common shareholders generated by Tomorrow RNG were immaterial. The impact to our supplemental pro forma consolidated operating revenues and earnings attributable to common shareholders for the three months ended March 31, 2024, as if the RNG Facilities Acquisition had been completed on January 1, 2023, was also immaterial.

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7.  DEBT

CREDIT FACILITIESThe following table provides details of our committed credit facilities as at March 31, 2025:Maturity1TotalFacilitiesDraws2Available(millions of Canadian dollars)    Enbridge Inc.2025-20498,874 6,379 2,495 Enbridge (U.S.) Inc.2026-202910,822 5,144 5,678 Enbridge Pipelines Inc.20262,000 540 1,460 Enbridge Gas Inc.20262,500 860 1,640 Total committed credit facilities 24,196 12,923 11,273 1Maturity date is inclusive of the one-year term out option for certain credit facilities.2Includes facility draws and commercial paper issuances that are back-stopped by credit facilities.In addition to the committed credit facilities noted above, we maintain $1.5 billion of uncommitted demand letter of credit facilities, of which $882 million was unutilized as at March 31, 2025. As at December 31, 2024, we had $1.4 billion of uncommitted demand letter of credit facilities, of which $931 million was unutilized. Our credit facilities