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LONG-TERM INVESTMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Long-Term Investments |
| Ownership |  |
December 31, | Interest | 2023 | 2022
(millions of Canadian dollars) |  |  |
EQUITY INVESTMENTS |  |  |
Liquids Pipelines |  |  |
MarEn Bakken Company LLC 1 | 75.0 | % | 1,819 |  | 1,968 |
DCP Midstream, LLC (Class B Units)2 | 90.0 | % | 1,486 |  | 1,394 |
Seaway Crude Holdings LLC | 50.0 | % | 2,661 |  | 2,744 |
Illinois Extension Pipeline Company, L.L.C.3 | 65.0 | % | 584 |  | 622 |
Cactus II Pipeline LLC 4 | 30.0 | % | 618 |  | 658 |
Other | 30.0% - 43.8% | 84 |  | 76 |
Gas Transmission and Midstream |  |  |
Alliance Pipeline 5, 7 | 50.0 | % | 359 |  | 430 |
Aux Sable 6, 7 | 42.7% - 50.0% | 229 |  | 214 |
DCP Midstream, LLC (Class A Units)8 | 23.4 | % | 367 |  | 317 |
Gulfstream Natural Gas System, L.L.C. | 50.0 | % | 1,224 |  | 1,274 |
NEXUS Gas Transmission, LLC | 50.0 | % | 1,220 |  | 1,813 |
Sabal Trail Transmission, LLC | 50.0 | % | 1,467 |  | 1,535 |
Southeast Supply Header, LLC | 50.0 | % | 80 |  | 86 |
Steckman Ridge, LP | 50.0 | % | 87 |  | 91 |
Vector Pipeline 9 | 60.0 | % | 191 |  | 195 |
Woodfibre LNG Limited Partnership 10 | 30.0 | % | 777 |  | 635 |
Offshore - various joint ventures | 22.0% - 74.3% | 217 |  | 314 |
Gas Distribution and Storage |  |  |
Other | 30.0% - 50.0% | 22 |  | 20 |
Renewable Power Generation |  |  |
EIH S.à r.l.11 | 51.0 | % | 52 |  | 37 |
Hohe See and Albatros Offshore Wind Facilities | 49.9 | % | 1,701 |  | 163 |
Rampion Offshore Wind Limited | 24.9 | % | 391 |  | 413 |
East-West Tie Limited Partnership | 24.1 | % | 132 |  | 241 |
Fox Squirrel Solar LLC | 50.0 | % | 312 |  | — |
Other | 16.4% - 50.0% | 110 |  | 107 |
OTHER LONG-TERM INVESTMENTS |  |  |
Gas Transmission and Midstream |  |  |
Ara Divert HoldCo, Inc. |  | 106 |  | — |
Other |  | 22 |  | 22 |
Gas Distribution and Storage |  |  |
Other |  | 24 |  | 48 |
Renewable Power Generation |  |  |
Other |  | 21 |  | 31 |
Eliminations and Other |  |  |
Other 12 |  | 430 |  | 488 |
|  | 16,793 |  | 15,936 |
1 Owns a 49.0% interest in Bakken Pipeline Investments LLC. Bakken Pipeline Investments LLC owns 75.0% of the Bakken Pipeline System, resulting in a 27.6% effective interest in the Bakken Pipeline System by us. 2 We own 90.0% of the Class B units of DCP Midstream, LLC. These units track to a 65.0% ownership in Gray Oak Pipeline, LLC (Gray Oak), resulting in a 58.5% effective interest in Gray Oak by us. On January 9, 2023, we acquired an additional 10.0% direct interest in Gray Oak for cash consideration of $230 million (US$172 million), bringing our effective interest to 68.5%. 3 Owns the Southern Access Extension Project. 4 On October 12, 2021, we acquired a 20.0% equity interest in Cactus II through the Moda Acquisition (Note 8). On November 2, 2022, we acquired an additional 10.0% ownership in Cactus II for cash consideration of $241 million (US$177 million), bringing our total non-operating ownership to 30.0%. 5 Includes Alliance Pipeline Limited Partnership in Canada and Alliance Pipeline L.P. in the US. 6 Includes Aux Sable Canada LP in Canada and Aux Sable Liquid Products L.P. and Aux Sable Midstream LLC in the US. 7 On December 13, 2023, we announced that Enbridge had entered into a definitive agreement to sell its 50.0% interest in the Alliance Pipeline and interest in Aux Sable to Pembina Pipeline Corporation for $3.1 billion, including approximately $0.3 billion of non-recourse debt, subject to customary closing adjustments. 8 We own 23.4% of the Class A units of DCP Midstream, LLC. These units track to a 56.5% ownership in DCP Midstream, LP (DCP), resulting in a 13.2% effective interest in DCP by us. 9 Includes Vector Pipeline Limited Partnership in Canada and Vector Pipeline L.P. in the US. 10 On November 29, 2022, we acquired an effective 30.0% interest in Woodfibre LNG Limited Partnership (Woodfibre) for cash consideration of $533 million (US$392 million). Woodfibre will operate a LNG export facility in BC being constructed by us and our partners. 11 Owns a 50.0% interest in Éolien Maritime France SAS (EMF). Through our investment in EMF, we own equity interests in three French offshore wind projects, including effective interests in Saint-Nazaire (25.5%), Fécamp (17.9%) and Calvados (21.7%). 12 Consists of investments in exchange-traded funds and debt securities held by our wholly-owned captive insurance subsidiaries. Refer to Note 23 - Risk Management and Financial Instruments.
Schedule of Combined Financial Information | Summarized combined financial information of our unconsolidated equity investments (presented at 100%) is as follows:
Year ended December 31, | 2023 | 2022 1 | 2021 1
(millions of Canadian dollars) |  |  |
Operating revenues | 22,586 |  | 30,026 |  | 22,551 |
Operating expenses | 17,111 |  | 23,835 |  | 17,446 |
Earnings | 4,818 |  | 5,123 |  | 3,656 |
Earnings attributable to Enbridge | 1,816 |  | 2,056 |  | 1,600 |
December 31, | 2023 | 2022 1
(millions of Canadian dollars) |  |
Current assets | 5,842 |  | 5,328 |
Non-current assets | 61,141 |  | 61,393 |
Current liabilities | 6,194 |  | 5,631 |
Non-current liabilities | 23,957 |  | 23,208 |
Noncontrolling interests | 4,124 |  | 4,640 |
1 Balances have been updated to reflect the impact of revisions made to conform to the current year's presentation. These revisions do not have an effect on our previously reported consolidated statements of earnings, comprehensive income, changes in equity, cash flows or financial position.

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