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LONG-TERM INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Long-Term Investments
 Ownership  
December 31,Interest20222021
(millions of Canadian dollars)   
EQUITY INVESTMENTS   
Liquids Pipelines   
MarEn Bakken Company LLC1
75.0 %1,968 1,752 
DCP Midstream, LLC (Class B Units)2
90.0 %1,394 469 
Seaway Crude Holdings LLC50.0 %2,744 2,634 
Illinois Extension Pipeline Company, L.L.C.3
65.0 %622 593 
Cactus II Pipeline LLC4
30.0 %658 434 
Other30.0% - 43.8%76 71 
Gas Transmission and Midstream
Alliance Pipeline5
50.0 %430 504 
Aux Sable6
42.7% - 50.0%214 238 
DCP Midstream, LLC (Class A Units)7
23.4 %317 397 
Gulfstream Natural Gas System, L.L.C.50.0 %1,274 1,180 
Nexus Gas Transmission, LLC50.0 %1,813 1,724 
Sabal Trail Transmission, LLC50.0 %1,535 1,464 
Southeast Supply Header, LLC50.0 %86 82 
Steckman Ridge, LP50.0 %91 88 
Vector Pipeline8
60.0 %195 189 
Woodfibre LNG Limited Partnership30.0 %635 — 
Offshore - various joint ventures22.0% - 74.3%314 309 
Other20.0% - 33.3% 14 
Gas Distribution and Storage
Other47.6% - 50.0%20 20 
Renewable Power Generation
EIH S.à.r.l.9
51.0 %37 38 
Enbridge Renewable Infrastructure Investments S.à.r.l.51.0 %163 54 
Rampion Offshore Wind Limited24.9 %413 450 
NextBridge Infrastructure LP25.0 %241 186 
Other15.8% - 50.0%107 92 
OTHER LONG-TERM INVESTMENTS
Gas Transmission and Midstream
Fairwood Peninsula Energy Corporation22 20 
Gas Distribution and Storage
Oakville Enterprises Corporation10
48 — 
Renewable Power Generation
Emerging Technologies and Other31 32 
Eliminations and Other
Other11
488 290 
  15,936 13,324 
1Owns a 49.0% interest in Bakken Pipeline Investments L.L.C. Bakken Pipeline Investments L.L.C. owns 75.0% of the Bakken Pipeline System, resulting in a 27.6% effective interest in the Bakken Pipeline System by us.
2We own 90.0% of the Class B units of DCP Midstream, LLC. These units track to a 65.0% ownership in Gray Oak Pipeline, LLC (Gray Oak), resulting in a 58.5% effective interest in Gray Oak by us. In 2021, we owned a 35.0% interest in Gray Oak Holdings LLC, which owned a 65.0% interest in Gray Oak, resulting in a 22.8% effective interest in Gray Oak by us.
3Owns the Southern Access Extension Project.
4On October 12, 2021, we acquired an effective 20.0% interest in Cactus II through the acquisition of Moda. Refer to Note 8 - Acquisitions and Dispositions for further discussion. On November 2, 2022, we acquired an additional 10.0% ownership in Cactus II for cash payment of $241 million (US$177 million), bringing our total non-operating ownership to 30.0%.
5Includes Alliance Pipeline Limited Partnership in Canada and Alliance Pipeline L.P. in the US.
6Includes Aux Sable Canada LP in Canada and Aux Sable Liquid Products LP and Aux Sable Midstream LLC in the US.
7We own 23.4% of the Class A units of DCP Midstream, LLC. These units track to a 56.5% ownership in DCP Midstream, LP (DCP), resulting in a 13.2% effective interest in DCP by us. In 2021, we owned an effective 28.3% interest in DCP.
8Includes Vector Pipeline Limited Partnership in Canada and Vector Pipeline L.P. in the US.
9On March 18, 2021, we sold 49.0% of EIH S.à.r.l., an entity that holds our 50.0% interest in Éolien Maritime France SAS (EMF), to the Canada Pension Plan Investment Board. This resulted in a 25.5% effective interest in EMF. Through our investment in EMF, we own equity interests in three French offshore wind projects, including effective interests in Saint-Nazaire (25.5%), Fécamp (17.9%) and Calvados (21.7%).
10 On August 2, 2022, we acquired a 10.0% interest in Oakville Enterprises Corporation.
11 Consists of investments in debt and equity securities held by our wholly-owned captive insurance subsidiaries. Refer to Note 24 -Risk Management and Financial Instruments.
Schedule of Combined Financial Information
Summarized combined financial information of our interest in unconsolidated equity investments (presented at 100%) is as follows:
Year ended December 31, 202220212020
(millions of Canadian dollars)
Operating revenues27,043 20,021 14,096 
Operating expenses23,043 16,706 12,411 
Earnings4,334 3,022 2,324 
Earnings attributable to Enbridge2,056 1,711 1,136 
December 31,20222021
(millions of Canadian dollars)
Current assets4,196 3,639 
Non-current assets53,405 44,863 
Current liabilities4,843 3,741 
Non-current liabilities18,595 16,979 
Noncontrolling interests3,785 3,786