ENBRIDGE INC

Enbridge Inc. (TSX: ENB, NYSE: ENB) is a leading North American energy infrastructure company headquartered in Canada and operating across the United States and Canada. The company's website is www.enbridge.com.

Enbridge operates through four primary business segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment represents the company's largest operation, consisting of pipelines and terminals that transport, store, and export various grades of crude oil and other liquid hydrocarbons across North America, delivering approximately six million barrels per day and representing the largest global crude oil and liquids network. This segment includes the iconic Mainline System, which has operated since 1949 and connects western Canadian supply basins to US and eastern Canadian markets, along with regional oil sands systems, Gulf Coast infrastructure, and mid-continent operations.

The Gas Transmission segment comprises natural gas pipelines, gathering systems, processing facilities, and storage operations serving both Canadian and US markets. The Gas Distribution and Storage segment operates natural gas utility businesses serving residential, commercial, and industrial customers across multiple jurisdictions including Ontario, Quebec, Ohio, North Carolina, Utah, Wyoming, and Idaho. The Renewable Power Generation segment invests in wind and solar power generation facilities, as well as geothermal assets, across North America and Europe.

Enbridge's business model is characterized by long-term contracts, regulated cost-of-service tolling frameworks, and power purchase agreements that generate predictable, low-risk cash flows. The company has demonstrated financial resilience through multiple commodity cycles and economic environments. The company maintains a diversified portfolio of infrastructure assets and has pursued strategic acquisitions to expand its utility footprint, including recent acquisitions of US gas utilities. With 31 consecutive years of dividend increases, Enbridge positions itself as a stable investment with a focus on disciplined capital allocation, operational excellence, safety, and sustainability. The company employs thousands of workers across its North American and European operations and serves millions of customers through its various business segments.