Q1 Highlights and Growth Prospects slide image

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 23
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