Growing Renewable Platform

Mitigating Market Risks Risks Mitigations Recession Inflation/Interest Rates Energy Transition Connected to top tier demand-pull markets 98% of cash flows underpinned by COS¹ or contractual agreements Energy security concerns driving new investment opportunities 80% of EBITDA has built-in inflation protections (with some lag) Strong track record of managing multi-year capital program Active risk management program; ~90% fixed rate debt in 2022 IRA² incentivizing low-carbon investment; improving economics Leveraging existing infrastructure to support the transition North American Energy → abundant, competitive, sustainable Enbridge's low-risk model & dual-pronged strategy drive predictable cash flows (1) COS Cost-of-Service (2) Inflation Reduction Act of 2022 (US) ENBRIDGE® 17

View entire presentation