Growing Renewable Platform

ENBRIDGE® 2023 Tailwinds & Headwinds + + Utility customer growth & escalating rates. + Gas Transmission rate increases & new capital in service + Energy Services transportation contract expiries + Stronger USD Strong Business Performance - Higher power costs - Rising interest rates Cash taxes Transitory Headwinds Building off a strong 2022; Navigating weakening macroeconomic environment 20 20

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