Company: ENBSF
Filing Date: 2025-06-16
Form Type: 424B5
Source: 0001104659-25-059675
Chunk: 7

Company: ENBRIDGE INC
Filing Date: 2025-06-16
Form: 424B5
Chunk 7
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 expansion opportunities; expected optimization and efficiency opportunities; expectations about the Corporation’s
joint venture partners’ ability to complete and finance projects under construction; our ability to successfully integrate the 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; this offering,
including the closing date thereof and the expected use of proceeds; the Corporation’s intention not to list the Notes on any stock
exchange or other market and our assessment of the potential impact of the various risk factors identified in this prospectus supplement
and the accompanying prospectus, including the documents incorporated by reference into this prospectus supplement and the accompanying
prospectus.

| S-iii |

Although the Corporation believes
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 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