Ms. Rebecca Morley reports

ENBRIDGE RECEIVES CANADA ENERGY REGULATOR APPROVAL FOR MAINLINE TOLLING SETTLEMENT

Enbridge Inc. has received Canada Energy Regulator (CER) approval of the Mainline Tolling negotiated settlement effective until Dec. 31, 2028. The settlement sets tariffs for crude oil and liquids shipments that start in Western Canada and are delivered across Canada and North America.

"We're pleased that the CER approved the settlement and believe it creates value for all. Our customers will continue to receive competitive and responsive service; Enbridge will earn attractive risk-adjusted returns; and the Mainline will continue to feed North America and global markets with a long-term source of safe, secure and affordable energy," said Colin Gruending, president, liquids pipelines. "The settlement received unanimous approval from industry, and we are grateful for our collaborative customer relationships."

The CER determined that the settlement is consistent with the revised guidelines for negotiated settlements. The new tolls were in effect on an interim basis on July 1, 2023, and the overall agreement is retroactively effective back to July 1, 2021.

About Enbridge Inc.

At Enbridge, it safely connects millions of people to the energy they rely on every day, fuelling quality of life through its North American natural gas, oil and renewable power networks and its growing European offshore wind portfolio. It is investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power to advance new technologies including hydrogen, renewable natural gas, and carbon capture and storage. It is committed to reducing the carbon footprint of the energy it delivers and to achieving net-zero greenhouse gas emissions by 2050. Headquartered in Calgary, Alta., Enbridge has common shares that trade under the symbol ENB on the Toronto and the New York stock exchanges.