Growing Renewable Platform

Optimizing Asset Portfolio Enbridge/Phillips 66 Joint Venture Closed August 17, 2022 CENBRIDGE 0 Indirect Economic Interests1: Pre Post dcp Midstream Increased Interest in Gray Oak Ө +2MMbls of supply growth through 2040 Permian Houston ENBRIDGE® In development enleg SPOT EHOT Freeport • 28.25% 13.20% Gray Oak Pipeline: 850-mile oil pipeline 1,000 mbpd of capacity EIEC Majority contracted Corpus Christi +1MMbpd of potential additional export capacity GRAY OAK PIPELINE LLC 22.75% 58.50% (Operator) Strategic Benefits • Increased access to competitive, abundant and growing Permian supply Connected to existing LP assets at EIEC driving potential revenue synergies Transaction provides operational control of Gray Oak, reduces commodity exposure and includes US$ 400 million in cash to Enbridge (1) Pre-Transaction: ENB owned joint control in DCP Midstream LP through its 50% interest in DCP Midstream LLC 15

View entire presentation