- Business
- Enbridge Inc. is a leading energy infrastructure company that operates North America's longest liquids pipeline system and largest natural gas utility, headquartered in Calgary, Alberta, Canada, with roots tracing back to its incorporation in 1949 as Interprovincial Pipe Line Company. The company transports approximately 20% of U.S. natural gas consumption and significant volumes of crude oil and liquid hydrocarbons through its five core segments: Liquids Pipelines, featuring the Mainline system and terminals exporting to U.S. Midwest, Gulf Coast, and global markets; Gas Transmission and Midstream, including investments in natural gas pipelines, gathering, processing facilities, and storage like Aitken Creek; Gas Distribution and Storage, serving residential, commercial, and industrial customers primarily in Ontario, Quebec, and now expanded U.S. states via recent utility acquisitions; Renewable Power Generation, with 38 wind, solar, geothermal, waste heat recovery, and transmission assets generating power for about 1.9 million homes across North America and Europe; and Energy Services, providing commodity marketing, logistics, and related offerings. Enbridge conducts operations throughout Canada and the United States, with growing international presence in renewable projects such as France's Fécamp offshore wind farm, and supports energy transition initiatives including clean hydrogen, renewable natural gas, and carbon capture. Recent developments include the completion of U.S. gas utility acquisitions--Public Service Company of North Carolina in October 2024, Questar Gas Company in June 2024, and The East Ohio Gas Company in March 2024--making it North America's largest natural gas utility; final investment decisions on expansions like the US$1.4 billion Mainline Optimization Phase 1 adding 150 kbpd capacity by 2027, two gas transmission projects, and a 600 MW Clear Fork solar project for Meta Platforms; entry into a joint venture for Permian Basin natural gas pipelines; a $1 billion infrastructure agreement with Divert for renewable natural gas facilities; advancement of First Nations equity ownership on its B.C. pipeline system; and a 3% dividend increase for 2025 to $3.77 per share.