Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 67

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 67
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 on Form 10-K for the fiscal year ended December 31, 2024 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an
independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

<div align='center'>S-49</div>

PROSPECTUS

<div align='center'>ENBRIDGE INC.

DEBT SECURITIES
GUARANTEES OF DEBT SECURITIES
COMMON SHARES
PREFERENCE SHARES</div>

We may from time to time offer our debt securities
(which may be guaranteed by our wholly owned subsidiaries, Spectra Energy Partners, LP (“SEP”) and Enbridge Energy
Partners, L.P. (“EEP”)), common shares and cumulative redeemable preference shares (the “preference shares”
and, together with our debt securities, the subsidiary guarantees of our debt securities (the “guarantees”) and our
common shares, the “Securities”). We may offer the Securities separately or together, in separate series or classes
and in amounts, at prices and on terms described in one or more supplements to this prospectus (the “Prospectus”).

The specific variable terms of any offering of
Securities will be set forth in one or more supplements to this Prospectus (each, a “Prospectus Supplement”) including,
where applicable: (i) in the case of common shares or preference shares, the number of shares offered and the offering price; and
(ii) in the case of debt securities, the designation, any limit on the aggregate principal amount, the currency or currency unit,
the maturity, the offering price, whether payment on the debt securities will be senior or subordinated to our other liabilities and obligations,
whether the debt securities will bear interest, the interest rate or method of determining the interest rate, any terms of redemption,
any conversion or exchange rights, whether the debt securities will be guaranteed and any other specific terms of the debt securities.

The Corporation’s common shares are listed
on the New York Stock Exchange (the “NYSE”) and the Toronto Stock Exchange (the “TSX”) under the
symbol “ENB”. Certain series of the Corporation’s preference shares are listed on the TSX. On July 31, 2025, the
last reported sales price of our common shares on the NYSE was US$45.29 per share and the last reported sales price of our common
shares on the TSX was Cdn$