Enbridge Inc.

ENB NYSE Energy · Pipe Lines (No Natural Gas) Calgary, Alberta, Canada www.enbridge.com/
$45.89
Mkt Cap 100.23B

Energy infrastructure company operating liquids pipelines, natural gas pipelines, gas utilities and storage, and renewable power generation across North America.

From the annual report

In general, our systems are located on land owned by others and are operated under easements and rights-of-way, licenses, leases or permits that have been granted by private landowners, Indigenous communities, public authorities, railways or public utilities. Our liquids pipeline systems have pumping stations, tanks, terminals and certain other facilities that are located on land that is owned by us and/or used by us under easements, licenses, leases or permits. Our natural gas transmission pipeline systems have natural gas compressor stations, the vast majority of which are located on land that is owned by us. Our gas distribution pipeline systems have other assets including natural gas compressor stations, regulator stations, and meter and valve stations, some of which are located on land that is owned by the utilities. The remainder of these stations and other assets, such as storage wells, and underground gas storage fields, are operated by the utilities under the rights granted by easements, leases or permits. Additionally, our renewable energy plants are located on land that is used by us under leases or owned by us. The remainder of these compressor stations and other assets, such as meter and valve stations, and underground gas storage fields, are used by us under easements, leases or permits. Titles to Enbridge owned properties or affiliate entities may be subject to encumbrances in some cases. We believe that none of these burdens should materially detract from the value of these properties or materially interfere with their use in the operation of our business.

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