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Growing Renewable Platform

ENBRIDGE® Capital Allocation Priorities Unchanged 1 Protect Balance Sheet $11B Of capital recycling ($2.8B since míd 2021) BBB+ Credit rating across all Rating Agencies 2 Sustainable Return of Capital $7B Dividends paid in 2022 $1.5B Buyback program $150M utilized 3 Further Organic Growth ~$8B New secured growth capital in 2022 $17B Secured Capital Program Capital recycling surfaces value, provides capital allocation flexibility 22 22
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