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LONG-TERM INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Long-Term Investments
December 31,Ownership
Interest
20242023
(millions of Canadian dollars)   
EQUITY INVESTMENTS   
Liquids Pipelines   
Cactus II Pipeline LLC
30.0 %651 618 
DCP Midstream, LLC (Class B Units)1
90.0 %1,554 1,486 
Illinois Extension Pipeline Company, L.L.C.
65.0 %608 584 
MarEn Bakken Company LLC2
75.0 %2,296 1,819 
Seaway Crude Holdings LLC
50.0 %2,820 2,661 
Other
30.0 %-43.8 %96 84 
Gas Transmission
Alliance Pipeline3,5
50.0 % 359 
Aux Sable4,5
42.7 %-50.0 % 229 
DCP Midstream, LLC (Class A Units)6
23.4 %480 367 
Delaware Basin Residue, LLC7
15.0 %319 — 
Gulfstream Natural Gas System, L.L.C.
50.0 %1,316 1,224 
NEXUS Gas Transmission, LLC
50.0 %1,301 1,220 
Sabal Trail Transmission, LLC
50.0 %1,565 1,467 
Southeast Supply Header, LLC
50.0 %355 80 
Steckman Ridge, LP
50.0 %101 87 
Vector Pipeline
60.0 %193 191 
Whistler Parent JV8
19.0 %1,102 — 
Woodfibre LNG Limited Partnership
30.0 %1,275 777 
Offshore - various joint ventures
22.0 %-74.3 %260 217 
Other
21.3 %-45.0 %49 — 
Gas Distribution and Storage
Other
17.0 %-50.0 %67 22 
Renewable Power Generation
East-West Tie Limited Partnership
24.1 %106 132 
EIH S.à r.l.9
51.0 %89 52 
Fox Squirrel Solar LLC
50.0 %783 312 
Hohe See and Albatros Offshore Wind Facilities
49.9 %1,606 1,701 
Rampion Offshore Wind Limited
24.9 %387 391 
Other
16.4 %-50.0 %93 110 
OTHER LONG-TERM INVESTMENTS
Gas Transmission
Ara Divert HoldCo, Inc.
116 106 
Other
23 22 
Gas Distribution and Storage
Other
27 24 
Renewable Power Generation
Other
21 21 
Eliminations and Other
Other10
1,032 430 
  20,691 16,793 
1We own 90.0% of the Class B units of DCP Midstream, LLC. This class of units represents DCP Midstream, LLC's 65.0% interest in Gray Oak Pipeline, LLC (Gray Oak), resulting in a 58.5% interest in Gray Oak through DCP Midstream, LLC. On January 9, 2023, we acquired an additional 10.0% direct interest in Gray Oak for cash consideration of $230 million (US$172 million), bringing our effective interest to 68.5%.
2MarEn Bakken Company LLC owns a 49.0% interest in Bakken Pipeline Investments LLC. Bakken Pipeline Investments LLC owns 75.0% of the Bakken Pipeline System, resulting in a 27.6% effective interest in the Bakken Pipeline System by us.
3Includes Alliance Pipeline Limited Partnership in Canada and Alliance Pipeline L.P. in the US.
4Includes Aux Sable Canada LP in Canada and Aux Sable Liquid Products L.P. and Aux Sable Midstream LLC in the US.
5On April 1, 2024, we closed the sale of our 50.0% equity interest in the Alliance Pipeline and our interest in Aux Sable to Pembina Pipeline Corporation for $3.1 billion, including $0.3 billion of non-recourse debt.
6We own 23.4% of the Class A units of DCP Midstream, LLC. These units represent DCP Midstream, LLC's 56.5% interest in DCP Midstream, LP (DCP), resulting in a 13.2% effective interest in DCP by us.
7On October 31, 2024, we acquired an effective 15.0% interest in Delaware Basin Residue, LLC (DBR) for consideration of $303 million (US$220 million). DBR owns transportation and storage assets in West Texas, serving as the primary supply point for the Whistler Pipeline.
8On May 29, 2024, we formed a joint venture with WhiteWater/I Squared Capital and MPLX LP. We hold a 19.0% interest in the joint venture, which owns a 100% interest in the Rio Bravo Pipeline project. Additionally, we have a 25.0% special interest in the Rio Bravo Pipeline project, resulting in a 39.3% effective interest in the Rio Bravo Pipeline project by us.
9Owns a 50.0% interest in Éolien Maritime France SAS (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 Consists of investments in exchange-traded funds and debt securities held by our wholly-owned captive insurance subsidiaries. Refer to Note 23 - Risk Management and Financial Instruments.
Schedule of Combined Financial Information
Summarized combined financial information of our unconsolidated equity investments (presented at 100%) is as follows:

Year ended December 31,202420232022
(millions of Canadian dollars)
Operating revenues20,657 22,586 30,026 
Operating expenses14,692 17,111 23,835 
Earnings5,177 4,818 5,123 
Earnings attributable to Enbridge2,304 1,816 2,056 

December 31,20242023
(millions of Canadian dollars)
Current assets8,611 5,842 
Non-current assets69,381 61,141 
Current liabilities7,240 6,194 
Non-current liabilities27,491 23,957 
Noncontrolling interests4,979 4,124