Forward-Looking StatementsForward-looking statements have been included in this news release to provide readers with information about Enbridge and its subsidiaries and affiliates, including managementâs assessment of Enbridgeâs and its subsidiariesâ future plans and operations. This information may not be appropriate for other purposes. Forward-looking statements are typically identified by words such as âanticipateâ, âexpectâ, âprojectâ, âestimateâ, âforecastâ, âplanâ, âintendâ, âtargetâ, âbelieveâ, âlikelyâ, and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information or statements included or incorporated by reference in this news release include, but are not limited to, statements with respect to Enbridgeâs acquisition of three gas utilities, including EOG, from Dominion Energy, Inc. (the âAcquisitionsâ), including the characteristics, expected closing dates, value drivers, annualized EBITDA contribution and anticipated benefits thereof, on a standalone and combined post-Acquisitions basis; cash flow profile and outlook; and long term dividend profile.
Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity, and achievements to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about the following: our ability to complete the Acquisitions and successfully integrate the gas utilities without material delay, material change in terms, higher than anticipated costs or difficulty, or loss, of key personnel; the expected supply of, demand for, export of, and prices of crude oil, natural gas, natural gas liquids (âNGLâ), liquefied natural gas (âLNGâ), and renewable energy; energy transition and lower carbon energy and our approach thereto; global economic growth and trade; anticipated utilization of our assets; exchange rates; inflation; interest rates; availability and price of labor and construction materials; the stability of our supply chain; operational reliability and performance; customer, regulatory, and stakeholder support and approvals, including, with respect to the Acquisitions; anticipated construction and in-service dates; weather; announced and potential acquisitions, dispositions, and other corporate transactions and projects, and the timing and terms, and the impact thereof, including the Acquisitions; the realization of anticipated benefits of transactions, including the Acquisitions; governmental legislation; litigation; impact of the Companyâs dividend policy on its future cash flows; Enbridgeâs credit ratings; hedging programs; expected EBITDA and expected Adjusted EBITDA; expected earnings/(loss) and adjusted earnings/(loss); expected earnings/(loss) or adjusted earnings/(loss) per share; expected future cash flows and expected future distributable cash flow (âDCFâ) and DCF per share; estimated future dividends; financial strength and flexibility; sources of liquidity and sufficiency of financial resources; debt and equity market conditions; general economic and competitive conditions; ability of management to execute key priorities, including with respect to the Acquisitions; and the effectiveness of various actions resulting from the Companyâs strategic priorities. Assumptions regarding the expected supply of, and demand for, crude oil, natural gas, NGL, LNG, and renewable energy, and the prices of these commodities, are material to and underlie all forward-looking statements, as they may impact current and future levels of demand for Enbridgeâs services. Similarly, exchange rates, inflation, and interest rates impact the economies and business environments in which Enbridge operates and may impact levels of demand for Enbridgeâs services and cost of inputs and are therefore inherent in all forward-looking statements. Due to the interdependencies and correlation of these macroeconomic factors, the impact of any one assumption on a forward-looking statement cannot be determined with certainty, particularly with respect to expected EBITDA, expected Adjusted EBITDA, expected earnings/(loss), expected adjusted earnings/(loss), expected DCF and associated per share amounts, and estimated future dividends.Â
Enbridgeâs forward-looking statements are subject to risks and uncertainties pertaining to the realization of anticipated benefits and synergies of projects and transactions, including the Acquisitions, successful execution of our strategic priorities, operating performance, Enbridgeâs dividend policy, regulatory parameters, litigation, acquisitions and dispositions and other transactions, including the Acquisitions, and the realization of anticipated benefits therefrom; operational dependence on third parties; project approval and support, renewals of rights-of-way, weather, economic and competitive conditions, global geopolitical conditions, political decisions, public opinion, changes in tax laws and tax rates, exchange rates, interest rates, inflation, commodity prices, and supply of, and demand for, commodities and other alternative energy, including, but not limited to, those risks and uncertainties discussed in this and in the Companyâs other filings with Canadian and U.S. securities regulators. The impact of any one assumption, risk, uncertainty, or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridgeâs future course of action depends on managementâs assessment of all information available at the relevant time.Â
Except to the extent required by applicable law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events, or otherwise. All forward-looking statements, whether written or oral, attributable to Enbridge or persons acting on Enbridgeâs behalf, are expressly qualified in their entirety by these cautionary statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
