Q1 Highlights and Growth Prospects
Secured Growth Outlook
ENBRIDGE®
Project
Expected
ISD
Capital ($B)
Gas
Modernization Program
2022-2025
2.2 USD
Secured Capital
($Billions)
Transmission
Other Expansions
2022-2025
0.5 USD
$3.9
Distribution System
2022-2024
1.8 CAD
Gas
Distribution
& Storage
Transmission/Storage Assets¹
2022-2024
0.8 CAD
$3.1
$2.8
New Connections/Expansions
2022-2024
0.7 CAD
East-West Tie-Line
Solar Self-Powering
In Service
0.2 CAD
2022-2023
0.2 USD
Renewable
Power & New
Energies
Saint-Nazaire Offshore²
Late 2022
0.9 CAD
Fécamp Offshore²
2023
0.7 CAD
Calvados Offshore²
2024
0.9 CAD
Provence Grand Large
2023
0.1 CAD
2022
2023
In-service Date
2024+
Total 2022-2025 Secured Capital Program
Capital Spent to Date
2022 capital program inflation protected
Proactively managing exposures
Secured capital program made up of investment in natural gas and renewables
(1) Inclusive of sanctioned Panhandle expansion (2) Project is financed primarily through non-recourse project level debt. Enbridge's equity contribution will be $0.2B for Saint-Nazaire, $0.1B for Fécamp and $0.1B for Calvados.
Reflects the sale of 49% of our interest in the project to CPP Investments which closed in the first quarter of 2021. (3) Rounded, USD capital has been translated to CAD using an exchange rate of $1 U.S. dollar = $1.25 Canadian dollars.
Euro capital has been translated to CAD using an exchange rate of €1 Euro = $1.55 Canadian dollars (4) As at March 31, 2022
~$10B3
~$2B4
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