We transport energy.
We generate energy.
We distribute energy.
Enbridge is North America’s premier energy infrastructure company, connecting key supply basins with consuming markets to move a very large slice of North America’s oil, natural gas and natural gas liquids, safely and reliably.
The company today is balanced between oil and natural gas—including North America’s premium natural gas transmission franchise, liquids pipeline business, and natural gas utility business. This footprint provides us with scale and diversity to compete, to grow and to provide the energy people need and want.
Our vision is to be the leading energy delivery company in North America. To achieve this goal, we have set a course over the next three years to focus on what we do best—growing our core pipeline and utility assets, and selling or monetizing assets that do not fit this model. Our core assets have highly predictable cash flows, aligning with our low-risk value proposition, and a large set of organic growth opportunities.
Our strategic priorities over the next three years are as follows:
1: Focus on safety and operational reliability
Above all else, safety and reliability of our operations remains our number one priority. We will continue to strive for industry safety and reliability leadership, and drive a strong performance-based safety culture.
2: Execute capital program
Over the next three years, we plan to spend $22 billion on organic growth opportunities within our core assets. Our secured capital program includes projects such as the Line 3 Replacement, NEXUS, Dawn-Parkway Expansion and the Hohe See Offshore Wind project. Project execution is both integral to our near-term financial performance and balance sheet strength, but also to positioning the business for the long term.
3: Maximize value of core business
We are re-focusing Enbridge’s asset mix to a pure regulated pipeline and utility business model: liquids pipelines and terminals; gas transmission and storage; and natural gas utilities. This will enable us to continue to deliver on our low-risk, reliable value proposition. These core assets have similar characteristics—they are strategically positioned, they have strong commercial underpinnings, and they offer organic growth opportunities.
4: Position for long-term growth
We will continue to evaluate new opportunities within our core businesses that fit our value proposition and position Enbridge for the energy mix of the future. As we grow, we are committed to being part of the transition to a lower carbon economy across all our businesses. Natural gas will play an important role and we continue to see significant opportunities in offshore wind.
5: Strengthen financial position
Our funding plan is designed to sustain strong investment-grade credit ratings, which are key to efficiently funding future growth. We have already begun taking actions to ensure we maintain an industry-leading balance sheet.
6: Complete integration and transformation
We will remain focused on transforming the way we do business by optimizing our systems and processes, and driving cost efficiencies to ensure we remain highly competitive and effective in the future.