everyone. quarter. Rebecca, the another be you, strong good call and and thank here I'm today, on Well, for to pleased morning, joining us recap to Thanks
quarterly support extend Before We affected communities wish time. by Enbridge's Milton. I and and get into our our Hurricane Helene customers challenging to impacts to update, I the partners, and devastating by commitment the to sympathies caused during to everyone our this impacted acknowledge want reiterate the
reliable While and remains energy material of necessary our we've seen everyday communities our safety safe limited for no financial #X ensuring impact, interruption operations and have priority in activities.
to data retirement industrial electric how start demand highlights then we by from power, to how Enbridge's LNG, minute some Enbridge all to proposition QX, highlighting to on I'd in I'm positioned shareholders spend serve sharing return value centers, capital going are to I'll like cycles. a growth. so stemming Now review or is gas situated the increasing coal quarter. and then for to and ideally market
outlook Pat and supporting to I'll you it financial also allocation priorities. key our will our quarter results, drivers units from Pat. our before third updates over reaffirmed provide our walk business turning capital through
will in highlight key a close messages coming events up calendar. then the with and I few some important
Following any have. Enbridge team our be will may you to answer presentation, management the pleased questions
again Throughout utilization business, experienced continued the results. which our quarter, solid drove the financial third across assets strong
to of EBITDA near year well guidance. acquisition share, results fully On per deliver our be midpoint range full closing. to we expect top prefunding end of utilities positioned despite DCF the are the We near the before they're the to continue
Our leverage over to Xx is we our closing expect debt-to-EBITDA down within PSNC, to trend X.X quarters. few next range and target of after the
successfully and completed, the fit closed acquisition have acquisitions U.S. utilities, gas of funding business the concluded we Enbridge's X the perfectly With low-risk model. which
have model. so we returned an a that This well-executed will benefit come. has major to from equity for self-funded transaction to years And been investors
land facility we additional our export adjacent crude Ingleside. and Liquids, previously state-of-the-art of acquisition docks at closed announced In the to
We into future place the opportunities to XXXX. businesses, and high capital in we're to service secured there.
Across continue see growth track billion of utilization expect $X to on unlock
we great the assets to new a for the further Whistler interest investments gas value pipeline. feeder a In our XX% DBR executed the and accretive and growth. pleased growth, enhance done Transmission, natural chain serve X Permian The highlight has system. acquiring in system a as Gas contracted team On gathering by our strategy job, highly I'm in key
project of in backed majority vast Toyota PPAs for by we Texas. Power, with and Sequoia an is AT&T long-term Sequoia up sanctioned Renewable In Solar, XXX-megawatt to production. the
following Fox excited Squirrel and final announce completion Solar phase second participation the during the of We're also in phase of successful a the third quarter. to
Mexico deepwater development. to pipelines U.S. of Transmission, oil In offshore sanctioned serve Gulf also Gas new we gas and BP's
$X far year. this so All program growth billion in our all, added to we've secured
in growth continues competitive advantages our and you see, to provide our scale growing dividend. connectivity underpin and As opportunities. continue This sanctioning business to our can new stable in
business how one able making At market have is to succeed a very few for in This cycles. XX of designed been the aristocrats. all years, low-risk to we've us that deliver dividend Enbridge, built is we growing dividends
term, by X% business expect we annually to financially to to returning remain steadily grow capital and sustainably longer Looking shareholders. the disciplined will support
respectively. TSX XX sitting attractive above aristocrat like X%, offers yield, that X% dividend and dividend approximately considered of XXX us and an equity enable Enbridge to XX indices, while drivers XX-year It's worth dividend the key return of alternative treasuries X%, and at the X% Canadian sits years growth. U.S. noting a investments. and S&P respectively, which many the broad The are about are at and be that underpin
Our Investment-grade credit highly of and balance of dividend. highlight major minimal X cash the and volatility, the flows experienced us ratings pay the allowing strength grow our nature agencies predictably contracted our the sheet rating low-risk businesses. across to
to expect exposure, sets performance, to commodity midstream EBITDA entering We years acquired dividends new tuck-in peers we price total by of us apart TSX peers. the paid few due that which next the higher Enbridge Canadian up from companies be at contributions outpaces utilities. have to of and by on the today. negligible through service, the growth, from XX base large And then X% business making X% assets M&A approximately many our XX%
of world, and to rising particular, increased is energy strong volatile told, power demand. in predictable Enbridge All and seeing growth, long-term Despite designed business a all deliver in succeed supported cycles visibility our infrastructure is market by fundamentals, results. our
XXXX. demand increased the positioned to up day growth over power is S&P serve and Enbridge forecasting to is well by incremental per demand decade. XX Bcf next gas of gas
participate in We are demand. to increased new to this ideally related growth opportunities situated
XX% footprint Our today. North XX all approximately is gas-fired America of miles of generation within gas in
of opportunities gigawatts project, gas-fired X.X X.X East X coal-fired investors to favor planned already support expand our pipeline billion additional natural we USD Tennessee growth sanctioning to generation. are TVA's our power today, Tennessee Like in for to where demand. gas retirement investing support Importantly, we're units Ridgeline of of
for its affordable with to Our being top in power utilities are power destination corporate favorable due and high-growth rates. markets situated a tax onshoring North Carolina
In Roxboro of which Carolina gas-fired Duke's is investing lines Gas, at have plant, least to capacity that regard, Enbridge serve gigawatts. X.X to XXX million generation expand gas North USD our will
expect project We be to in that completed XXXX.
have Renewables our developments U.S. construction across X within in under segment also or the over with exciting gigawatts development We
power Beyond over we sector, natural of growing. the XXX Bcf this electric is own and position strategically storage, located gas
portfolio the in LNG for essential Our Coast Gulf and provide operations. own deliverability, facility gas Canadian represents will storage only underground XX% flexibility Columbia, of natural which U.S. the British we
expand our represents deliverability over natural power continues like in region. gas storage Of year. XX% Bcf North at Lakes American hub of generators each XXX the for Dawn course, of is users utilities and Great to critical position a Dawn and
LNG will of the connected demand to front, to LNG more announced capacity On and than our growth. XX% and global serve export continue pipelines strategically are existing
is a through We zero interest and utilizing net hydropower Woodfibre X.X export per first to have also million LNG, in which preferred world's tonnes annum. facility expected produce the is be expected to
Now let's additional jump business million Canadian our that November. customer we and the The see continue for Liquids. apportionment into Western XXXX Basin each strong in We're the apportionment full and demand, to Sedimentary with capacity and August, for day. customers starting is is pipeline Mainline the in fact by July evidenced in discussions back barrels per the advancing an on year to track exciting beyond. on system exceed of units, Mainline forecast was updates with of X
will downstream opportunities these efficient critical capital as to with to deliver think should provide brownfield insurance You very customers of that be egress and barrels markets.
strong expansion to As day. of noteworthy, multiple we number with In volumes million of volume a volumes on opportunities continue Ingleside this into recently us Western recently we monthly to oil purchase of average competitive X.X demand a customer a regional attracted of advantage strong facility that capital-efficient, barrels started see exported, record per of and underscoring low producers million B, It's available in advancing billion, quarter. sands pipes. hit Permian, barrels barrels facility egress Ingleside, set grow the a the XXXX. out At also Canada, the of we've our record single-day X.X of X and the
in-service storage X.X in under seeing construction barrels with continued We with growth are XXXX. there of expected million
closed is to dock optimize new the at and provide adjacent opportunities underway further which assets. growth docks integrate also Work these new We existing lands and will to us acquisition capacity. already of Ingleside, allow
diversify the our These backed end Gulf. deepwater serve and our strengthen expanding backlog offshore contracts decade. pipelines the And centers in BP's of during and capital demand XXXX, deeper the to our excited region, at footprint to adding business how to the I'm expected our transmission with to secured in-service value bit natural in our offshore little supply pipelines billion look highlight now business. Permian key gas new extending $X gas a we the quarter sanctioned let's by while in plans long-term are close We development to connecting chain. at in new
system. growth opportunity and It value JV XX% and extends DBR natural being through year. the this further a acquired Whistler announced We earlier unlocked gas our interest value demonstrates we in strategic chain
serve announced the of reminder, our day a egress feet customers also for billion up As Blackcomb gas the sanctioning natural we will in cubic per XXXX. pipeline, which demand growing previously to X.X Permian area add and in
strategically beyond which our original in acquisition, providing storage recontracting have Tres progressing our continues Demand expansion attractive an the since Bcf in facility early are our to of for gas rates about we We price. at expectations. increase. X.X Palacios XXXX asset, accretion And in development for model acquired doubled located
which project, flowing Global's Venture to export by serves in now gas, year-end. Plaquemines Extension LNG service be is we The and fully Venice it expect facility
Distribution move to on now So let's our segment. Gas
now the execution. team's into U.S. As proud have more I earlier, I and mentioned utilities commitment gas welcomed be dedication couldn't X of we and all Enbridge, to
to additional gas We we cubic released and just and has demand expect our spend predictable the Ontario, day in drive minute now to X electricity predicts record America, long-term billion across hookups and integrating I'd returns. each increase highlighting customers. the thought and generation including by drivers utilities, to the The investment consistent for North transmission. hard and In Ontario that per a work XX% the natural their future key at in and million franchise. team storage growth over approximately The vision a growth, delivering XXXX. The strong in serving updated has in response industry months energy government expect track new are the of utility a been in-house, customer ISO's now forecast, ahead.
With feet demand new province's X which the continue X growth of power in utility I the we utilities largest
to pleased sectors. We the and to of industrial, across vital are plan Energy resource commercial the agricultural residential, ensure reliability see plays energy gas and integrated acknowledging customer natural affordability Ontario's first in Minister role
new of the tailwinds province have more benefit megawatts to demand. than is data with primed there forecast, megawatts gas-fired across Ontario is over up XX reported and major center X,XXX combination Gas that generation unique The from are inquiries Enbridge that gas ISO's to sites. In of procuring we believe of X,XXX interconnection
by growth under these programs of modernization such pipeline risk-adjusted plan. program Ohio will driven to provide system Over quick and spend in replacement, under cycle Ohio, In enhancement infrastructure be pipeline be expected XX% as replacement attractive is returns. largely the rider and capital
the we to centers centers are megawatts. to and megawatts there said, so We've in will of demand power and contracted natural opportunities the seeing gas by serve inquiries Enbridge about driven data data system. data opportunities modernization are supply of evaluating for to power and recently evaluating we're also population That center power be We're Growth related another center and excited XXX for new XXX serve data far. demand Gas expansion. increased Utah plant
in Bcf LNG growth minutes the Gas for plant, one Carolina is generation gas-fired of opportunity-rich we'll a North manufacturing very positioned constructing to be onshoring as growth, state which Duke's I the beneficiaries to and healthy region. population reliability.
North facility has from few of gigawatt ago, X.X and X mentioned a in system serve Finally, be also primary a Roxboro is Enbridge Carolina of industrial the expanding
annual years. an we average Overall, gas utilities coming X% see the base growth U.S. rate of over across our
to business. let's renewables Now turn the
energy X Squirrel under Phase resulted is in has by is for the additional with by blue-chip construction growth partners. that X Consistent a with approach project. backed long-term Fox to PPA other XXX% the and completed disciplined Phase to X with year-end. Phase Solar be excited of and strategic We're of announce expected sanctioning in phases, is production. Amazon we've service Our
X out execution AT&T opportunities laid in-service gigawatts Investor at This we of one sanctioned a with dates America the date the PPAs solar and in North of substantially long-term XXX-megawatt with expected capacity the Day all 'XX as Toyota be for largest renewable of Texas by developed This in Sequoia facilities project 'XX. of marks also solar We production. staggered on will the and is further by in-service approximately XXXX. end backed and in by projects the
track strong allow solid relationships customer Our this delivering record in and risk-adjusted to of should and growth returns. continue contracting disciplined us development segment with
I'll Pat our discuss to this, over financial it third results. With to turn quarter
