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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Credit Facilities | The following table provides details of our committed credit facilities as at September 30, 2024:
| Maturity 1 | Total Facilities | Draws 2 | Available
(millions of Canadian dollars) |  |  |  |
Enbridge Inc. | 2025-2049 | 8,835 |  | 3,993 |  | 4,842 |
Enbridge (U.S.) Inc. | 2026-2029 | 10,403 |  | 2,518 |  | 7,885 |
Enbridge Pipelines Inc. | 2026 | 2,000 |  | 1,095 |  | 905 |
Enbridge Gas Inc. | 2026 | 2,500 |  | 930 |  | 1,570 |
Total committed credit facilities |  | 23,738 |  | 8,536 |  | 15,202 |
1 Maturity date is inclusive of the one-year term out option for certain credit facilities. 2 Includes facility draws and commercial paper issuances that are back-stopped by credit facilities.
Schedule of Long-Term Debt Instruments | During the nine months ended September 30, 2024, we completed the following long-term debt issuances totaling US$5.1 billion and $1.8 billion:
Company | Issue Date |  |  | Principal Amount
(millions of Canadian dollars, unless otherwise stated) |
Enbridge Inc. |  |  |  |
| April 2024 | 5.25% | senior notes due April 2027 | US$750
| April 2024 | 5.30% | senior notes due April 2029 | US$750
| April 2024 | 5.63% | senior notes due April 2034 | US$1,200
| April 2024 | 5.95% | senior notes due April 2054 | US$800
| June 2024 | 7.38% | fixed-to-fixed subordinated notes due March 2055 1 | US$500
| June 2024 | 7.20% | fixed-to-fixed subordinated notes due June 2054 2 | US$700
| August 2024 | 4.21% | medium-term notes due February 2030 | $600
| August 2024 | 4.73% | medium-term notes due August 2034 | $800
| August 2024 | 5.32% | medium-term notes due August 2054 | $400
Algonquin Gas Transmission, LLC |  |  |
| July 2024 | 5.95% | senior notes due July 2034 | US$350
1 For the initial 5.5 years, the notes carry a fixed interest rate. On March 15, 2030, the interest rate will be reset to equal the Five-Year US Treasury rate plus a margin of 3.12%. 2 For the initial 9.75 years, the notes carry a fixed interest rate. On June 27, 2034, the interest rate will be reset to equal the Five-Year US Treasury rate plus a margin of 2.97%.
Schedule of Repayment of Debt | During the nine months ended September 30, 2024, we completed the following long-term debt repayments totaling US$3.6 billion, $0.8 billion and €23 million:
Company | Repayment Date |  |  | Principal Amount
(millions of Canadian dollars, unless otherwise stated) |
Enbridge Inc. |  |  |
| February 2024 | Floating rate notes 1 | US$600
| February 2024 | 2.15% | senior notes | US$400
| March 2024 | 5.97% | senior notes 2 | US$700
| June 2024 | 3.50% | senior notes | US$500
Enbridge Gas Inc. |  |  |
| August 2024 | 3.15% | medium-term notes | $215
Enbridge Pipelines (Southern Lights) L.L.C. |
| June 2024 | 3.98% | senior notes | US$42
Enbridge Pipelines Inc. |
| February 2024 | 8.20% | debentures | $200
Enbridge Southern Lights LP |  |  |
| January and July 2024 | 4.01% | senior notes | $20
Westcoast Energy Inc. |  |  |
| September 2024 | 3.43% | medium-term notes | $350
Spectra Energy Partners, LP |
| March 2024 | 4.75% | senior notes | US$1,000
Blauracke GmbH |  |  |
| April 2024 | 2.10% | senior notes | €23
Algonquin Gas Transmission, LLC |  |  |
| July 2024 | 3.51% | senior notes | US$350
1 The notes carried an interest rate set to equal the Secured Overnight Financing Rate plus a margin of 63 basis points. 2 The notes carried an original maturity date in March 2026, and were callable in March 2024, which was one year after their issuance.
Schedule of Amortization of Fair Value Adjustment | Amortization of the fair value adjustment is recorded to Interest expense in the Consolidated Statements of Earnings:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 | 2023 |  | 2024 | 2023
(millions of Canadian dollars) |  |  |  |  |
(Increase)/decrease to Interest expense | (9) |  | 12 |  |  | (7) |  | 34 |

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