DEBT (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Credit Facilities

The following table provides details of our committed credit facilities as at September 30, 2022:

	Maturity1	Total Facilities	Draws2	Available
(millions of Canadian dollars)
Enbridge Inc.	2023-2027	10,949	9,451	1,498
Enbridge (U.S.) Inc.	2024-2027	8,245	3,909	4,336
Enbridge Pipelines Inc.	2024	2,000	858	1,142
Enbridge Gas Inc.	2024	2,000	1,885	115
Total committed credit facilities		23,194	16,103	7,091

1Maturity date is inclusive of the one-year term out option for certain credit facilities.

2Includes facility draws and commercial paper issuances that are back-stopped by credit facilities.

Schedule of Long-Term Debt Instruments

During the nine months ended September 30, 2022, we completed the following long-term debt issuances totaling $1.4 billion and US$2.6 billion:

Company	Issue Date				Principal Amount
(millions of Canadian dollars unless otherwise stated)
Enbridge Inc.
	January 2022	5.00%		fixed-to-fixed subordinated notes due January 20821	$750
	February 2022	Floating rate senior notes due February 20242			US$600
	February 2022	2.15%		senior notes due February 2024	US$400
	February 2022	2.50%		senior notes due February 2025	US$500
	September 2022	7.38%		fixed-to-fixed subordinated notes due January 20833	US$500
	September 2022	7.63%		fixed-to-fixed subordinated notes due January 20834	US$600
Enbridge Gas Inc.
	August 2022	4.15	%	medium-term notes due August 2032	$325
	August 2022	4.55	%	medium-term notes due August 2052	$325

1For the initial 10 years, the notes carry a fixed interest rate. At year 10, the interest rate will be reset to equal to the Five-Year Government of Canada bond yield plus a margin of 3.54%. Subsequent to year 10, every five years, the Five Year Government of Canada bond yield is reset. At year 30, the interest rate will be reset to equal to the Five-Year Government of Canada bond yield plus a margin of 4.29%.

2Notes carry an interest rate set to equal the Secured Overnight Financing Rate plus a margin of 63 basis points.

3For the initial five years, the notes carry a fixed interest rate. At year five, the interest rate will be set to equal to the Five-Year US Treasury rate plus a margin of 3.71%. At year 10, the interest rate will be reset to equal the Five-Year US Treasury rate plus a margin of 3.96%. Subsequent to year 10, every five years, the Five Year US Treasury rate is reset. At year 25, the interest rate will be reset to equal to the Five-Year US Treasury rate plus a margin of 4.71%.

4For the initial 10 years, the notes carry a fixed interest rate. At year 10, the interest rate will be reset to equal to the Five-Year US Treasury rate plus a margin of 4.42%. Subsequent to year 10, every five years, the Five-Year US Treasury rate will be reset. At year 30, the interest rate will be reset to equal to the Five-Year US Treasury rate plus a margin of 5.17%.

Schedule of Repayment of Debt

During the nine months ended September 30, 2022, we completed the following long-term debt repayments totaling US$1.5 billion and $0.3 billion:

Company	Repayment Date			Principal Amount
(millions of Canadian dollars unless otherwise stated)
Enbridge Inc.
	February 2022	Floating rate notes1		US$750
	February 2022	4.85%	medium-term notes	$200
	July 2022	2.90%	senior notes due July 2022	US$700
Enbridge Gas Inc.
	April 2022	4.85%	medium-term notes	$125
Enbridge Pipelines (Southern Lights) L.L.C.
	June 2022	3.98%	senior notes	US$34
Enbridge Southern Lights LP
	June 2022	4.01%	senior notes	$9

1Notes carried an interest rate set to equal the three-month London Interbank Offered Rate plus a margin of 50 basis points.