Enbridge Inc

enbridge.com

Enbridge Inc. (NYSE/TSX: ENB) is a Canadian energy infrastructure company that transports, distributes, and stores crude oil, natural gas, and natural gas liquids across North America. It makes money primarily through regulated and long-term contracted fees for the use of its pipeline and utility networks, meaning revenue is tied to throughput volumes and rate-regulated returns rather than commodity prices. Enbridge operates through segments that include Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The company incorporated under the Canada Business Corporations Act and qualifies as a foreign private issuer in the United States, though it voluntarily files on Form 10-K with the SEC. Regulated subsidiaries include Enbridge Gas Inc., which operates under an Incentive Regulation framework approved by the Ontario Energy Board covering 2024 through 2028, and acquired The East Ohio Gas Company on March 6, 2024, along with Public Service Company of North Carolina through the PSNC Acquisition. Enbridge's capital structure is debt-heavy, consistent with large-scale regulated infrastructure ownership, and it is a consistent dividend payer.