and end. number with lastly, Enbridge address morning, that close have the our the the enhance capital Thanks quarter. performance, Rebecca, course, of here review our also I'll value to you few allocation as financial update strong businesses. us. share our here today good you our any through then and to announcements outlook. much, will may is on everyone. And to walk Pat takeaways at another team joining Thanks We're priorities questions always, to a proposition and excited I'm of very new pleased a for be long-term further provide an and
solid operational financial the another for drove expectations. consistent were performance was strong across with Strong our quarter QX results that business Enbridge.
EBITDA our reaffirm to share pleased guidance. DCF and we're such, per As
with $XX billion of to debt, staggered successfully funding when of And over over prefunding we the we derisks which billion the schedule combined associated significantly assumed with utility the we close Gas acquisition, XXXX. our in raised acquisitions, place, part Utilities a through in have As for which plan on the $X September. required financing expect
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an Fecamp we teams our additional secured in on to to Transmission, approximately XXXX. billion on budget affordable season offshore by England, where QX on our Algonquin to New projects and wind Large into still remain ability system And open gas Gas gas service execute. and desperately In needed. the pipeline is their We're initiated to demonstrate continue provide place successfully are to of to Provence and service track year-end, $X service into expected Grand come capital French and reliable
in and expected key rates to acquisition regulatory U.S. to Together applications underway, complete and OEB the filed gas with is pending to before state well CER and federal a agreement expect for we will still utility From all year-end. all with XXXX. issue decision have the a Dominion, 'XX the tolling process we utility by and U.S. close required approvals regulatory expect rebasing perspective, mainline Ontario year-end, on we gas file our are
diversity and to not make execution global emissions, the and inclusion committed ESG Last leadership. remain on continue we front, on and least, goals but social progress to our
added The that an recovery As aforementioned in to growth outlook quarter, improved capital X% through utilities gas and result our have in the cost we embedded assets mechanisms visibility base efficiencies. you're third acquisitions. aware, CAGR of
renewable wind discuss acquisition offshore excited And we're we to detail announce business, greater a a our in minutes. in European will few in which
contracted and are facilities We our RNG space. to team tuck-in M&A on Enbridge. execute to continuing the These RNG excited operations in to Enbridge the establish moral further strategy to welcome are RNG gas fully landfill
so far, all, in a been has All financially. operationally XXXX year great and
remain on growth to track achieve we and guidance commitments. on our our earlier, mentioned deliver As
that year. our Before we laid revisit dig into this value out I'd proposition we to like investor details the earlier quarter, of the
committed Our business key we strong flows. sheet and is balance stable, The and a cash priority. remain is to predictable delivering remains
sustainably record of continue We and track our grow long have to capital will returning to shareholders a dividend.
to with embedded have visibility and medium-term our opportunities the growth and conventional We business. carbon near-term outlook throughout lower
announcements generate an offtake and our value aligned backed project subsequent to individually Each proposition. or will during regulated is return risk-adjusted by All attractive are of that with that and the long-term agreements. quarter collectively
XX%, Looking X% growth Day while EBITDA that enhance units each dividend and DCF underpinned share. per increasing proposition. this derisked. today's carbon at recent our expect our component continue. these that and out We're enhance And of of acquisitions significantly value multiple set have drivers Enbridge's Investor value outlook business years Together, forward, average XX announcements our annual lower medium-term we we shareholder confident footprint across of growth returns to approximately
of of EBITDA take Enbridge's profile. cash the the quality approximately Utility Gas Let's minute Post liquids. to XX% acquisition, natural renewables flow and gas will a be XX% closings mix our review and
cost but in strategy designed continue assets, close only transactions. service, to in us XX% management earnings to allow foreign currently from the noted take-or-pay volatility of to we are utilities continued is will deliver all of rates seen in Enbridge's results risk cycles. generated either gas we've quarter, markets exchange market that active the contracted our improve long-standing as During as or and interest
rates which of end mitigation against of with XXXX. and inflation grade, leave EBITDA our through investment built-in us exposed debt with actively costs. XX% interest risk to our assets the policies rate XX% forward base just our protection is our comes of We of manage from through floating customer rising XX% exposure portfolio
our business high-quality And this predictability our track enables to take pride and achieving cycles. look we our forward year. flows, This record consistent, tremendous of we cash in continuing XX-year trend guidance which economic all in drive that to deliver
approximately Upon to represents Utilities This the will largest the Turning Gas the Enbridge multiples X opportunity X.X Bcf our delivering to North the America's assets, during Enbridge long-term closing, for approximately was per acquisition a to natural customers. premier U.S. we day value for the platform, million utility quarter. creating of X secure gas able natural of that company. shareholders. attractive transaction be acquisition on gas historically announced generational
X.Xx the utilities billion those and XXXX approximately gas reminder, as subsequent to by and based quick of earnings forma, And our rate base alongside significantly both annual pay to of below we a cycle the will risk transactions. industry-leading earnings grow these Pro recent rate XX.Xx enhance profile regulated earnings. $X.X are estimated which already base approximately XXXX further stability low-risk And adding on precedent incremental price agreed of estimates investment.
to is has earn an the these the located Each financing of and deal, in us capital jurisdictions made supportive allowing announcement Since structure attractive progress of acquisitions. thickness. favorable gas on we've of equity significant constructive the returns with the utilities
now. So that on let's move to
of the billion of issued notes, assumed billion following of to which is The hybrid all-in left which common approximately inclusive debt, we billion of finance. the and transactions left $X.X additional billion initially $X.X price treatment $XX from an Immediately of agencies. announcement, partial $X equity purchase $XX received rating billion, issued shares
we of through place, remaining the be XX% common asset marrow unsecured notes, reinstatement and to the lines of the initiating The share including manageable of in flexibility the us, various assumption significantly the or environment. the financing required at In and program combination financing of have tools funding available Enbridge's the plan satisfied with issuances. staggered make senior issuance debt, economic that very financing DRIP approximately the are derisking plan. can time of needs use to in changes to optimize and factor market We'll recycling, the closing the
let's business levels November. the effect Mainline May, the With those in apportionment a tolls update, quarter In for system volumes third heavily reached liquids. jump our record highly took starting Liquids competitive on of unit we Now and the framework, Mainline X. significant with settlement on Pipelines, into and month the July remains In utilized. tolling
expect that of finalize settlement submit the joint the We before to application to with a regulator Canadian industry year. the and end energy
Western from the will open approved to announced secure be the the in relaunched implemented We season Gulf quarter, season on and Enbridge our contracting the expectation long-haul South, throughput also previously and With on of throughput to the first in Flanagan addition upsized FSP XXXX. Coast. tolling network open new the volumes settlement that Canada
Oak meet of on end our of in verification for we at our saw Permian volumes million further an by and X expect again quarter. storage Gray add needs, customer export pipeline through will us initiate terminal growth year In we Permian our record the Ingleside In further strategy. open our and the the confidence this growth Gulf to of support this season Coast XXXX. order to region, in in new a and Ingleside barrels Giving
in and to the Now on engineering we the Business. hit in to progressing, wood look expect work Gas Transmission Canada, a LNG second half let's our XX% is of preferred take engineering set fiber at milestones return our Starting and XXXX. our
acquisition well open England pipeline, We This LNG also energy on will the our Northeast, announced will in is we've previously in will the support needed offering of customers U.S. our prices November help Aitken to stabilize and positioned initiated provide much closed season B.C. an New Gas strategy our Algonquin to and asset supply X. the And on in export service Storage Creek enhance area. the and which
transmission progress All gas told, supply and the gas to over and fundamentals. investments capitalize demand billion strong we're American continuing business North in on high-quality $XX on
Moving to in Ontario. business gas distribution our
our We business, continue distribution see in growth which growth and by is population additions. to customer supported
customer XX,XXX track next million over additions, year. to forecast population approximately for to decade. this is of the Ontario We our expect by are grow X.X people on exceed
those to cost-effective provide will people there and to be of reliable Enbridge it. access energy need All will
for at to gas we a role promoted the that for capital future. in the growth the has energy $X need Enbridge investment billion gas continue Gas foreseeable And mentioned estimated mix. The and call, as on critical customer the underpin annual will in Ontario previous of will natural play our government province's natural Ontario supplying publicly
Energy support the providing Board year. a regulatory end Ontario issue We remaining comprehensive items the our we to them of the 'XX of by the a and partial expect the update on settlement to year-end results. to alongside final forward On decision approved front, our establishment look rates, the our
almost to the X our while acquisition renewable DCF. cash double are our in The in net let's of continue in I'm announce the in and ownership and our of generate Next, accretive flows immediately developments of farms, business. look off and closer of The will take will power track Albatros investing utility-like additional that at some we northern acquisition Hohe XXX assets our have ownership coast kilometers EnBW. of size towards located Germany. of renewable assets the to See is of pleased be working These which and a record and are Hohe know See grow relationship the and with we well, of where ahead strong commitments. ownership our wind business expected to the assets that partnership Albatros, approximately materially been offshore step-up
projects of floaters In generation Grand about track XXXX been on all in have date. Provence make quarter France, half will been during the in towards X online budget. its to first by progress turbines of gigawatt XXXX. are install and XXXX Calvados all bring secured. expected good Large continues have Fecamp are and All new the turbines and installed be and a PGL Fecamp to service we're to of in-service
fully deeper Now an to and RNG announced and approximately treat to collect, we quality Arkansas. Enbridge high-quality moral currently agreement natural look in in gas X assets each into today. year. the landfill Renewables compress, equally acquiring gas are natural let's with gas renewable located operating take at entered Bcf of renewable acquire contracted The we has a Texas and attractive facilities pipeline X.X investment sell
full indicate Enbridge utilities volume an required production was offtake has grow accretive gas United continue minimal America continue to set targets. fundamentals are like increasingly to to with portfolio to the meaningfully in approximately Shell landfills opportunity and demand the annually, strong term blending our Energy RNG continued This grow, which R&D BP. at agreements long tuck-in, long-term continue North the will add perfect and with RNG in with that as number as X% to capital growth investment. the States, And over
Unique with of to XX our balance RNG transaction keeping to a this accretive DCF Enbridge staggered purchase assets operating transition protect and our the add portfolio towards to price over derisked progress deal sheet, our accelerate that and in commitment uniquely goals. This immediate energy we've represents scalable months.
Finally, Hohe acquisition and were the See power both Albatros wind ownership announced of this when and contemplated facilities in the utilities. the gas fully transaction X the increased we operating
Now to the Pat through let's quarterly turn to walk financials.
