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Q2
<div><p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><span style="font-family: Arial;">Use this Space to Enter any Important Changes During the Quarter/Year</span></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-indent: -18pt; padding-left: 18pt; font-size: 10pt;"><span style="font-family: Arial;">1.N/A</span></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-indent: -18pt; padding-left: 18pt; font-size: 10pt;"><span style="font-family: Arial;">2.N/A</span></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-indent: -18pt; padding-left: 18pt; font-size: 10pt;"><span style="font-family: Arial;">3.N/A</span></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-indent: -18pt; padding-left: 18pt; font-size: 10pt;"><span style="font-family: Arial;">4.N/A</span></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-indent: -18pt; padding-left: 18pt; font-size: 10pt;"><span style="font-family: Arial;">5.N/A</span></p></div>
6-Q
2025-06-30
<div><p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"><span style="font-family: Arial; font-size: 10pt; font-weight: bold;">1.</span><span style="font-family: Arial; font-weight: bold;"> </span><span style="font-family: Arial; font-size: 10pt; font-weight: bold;">BASIS OF PRESENTATION</span></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"><span style="font-family: 'Times New Roman';"> </span></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 10pt;"><span style="font-family: Arial;">The accompanying unaudited interim financial statements have been prepared in accordance with the accounting requirements of the Federal Energy Regulatory Commission ("FERC USA"), as set forth in its applicable Uniform System of Accounts and published accounting releases for quarterly reporting, which is a comprehensive basis of accounting other than accounting principles accepted in the United States of America ("GAAP"). Accordingly, they do not include all the information and footnotes required by FERC USA in the annual report.</span></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 10pt;"><span style="font-family: Arial;">In accordance with FERC USA guidelines, prior year quarterly information is included in the FERC 6Q. In the opinion of management, they contain all adjustments, consisting only of normal recurring adjustments, which management considers necessary to present fairly the financial position as of</span><span style="font-family: Arial;"> </span><span style="font-family: Arial;">June</span><span style="font-family: Arial;"> </span><span style="font-family: Arial;">30, 2025 and December 31, 2024; the results of operations for the six months ended</span><span style="font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">June</span><span style="font-size: 13.3333px; font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">30</span><span style="font-family: Arial;">, 2025 and</span><span style="font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">June</span><span style="font-size: 13.3333px; font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">30</span><span style="font-family: Arial;">, 2024; and cash flows for the six months ended</span><span style="font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">June</span><span style="font-size: 13.3333px; font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">30</span><span style="font-family: Arial;">, 2025 and</span><span style="font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">June</span><span style="font-size: 13.3333px; font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">30</span><span style="font-family: Arial;">, 2024, in accordance with the accounting requirements of FERC USA.</span></p>
<p style="margin-top: 14pt; margin-bottom: 14pt; font-size: 10pt;"><span style="font-family: Arial;">The results of operations for the six months ended</span><span style="font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">June</span><span style="font-size: 13.3333px; font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">30</span><span style="font-family: Arial;">, </span><span style="font-family: Arial;">2025,</span><span style="font-family: Arial;"> and</span><span style="font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">June</span><span style="font-size: 13.3333px; font-family: Arial;"> </span><span style="font-size: 13.3333px; font-family: Arial;">30</span><span style="font-family: Arial;">, </span><span style="font-family: Arial;">2024</span><span style="font-family: Arial;"> should not be taken as indicative of the results to be expected for the full year, due to seasonality, maintenance activities and other factors. The interim consolidated financial statements should be read in conjunction </span><span style="font-family: Arial;">with the financial statements and notes thereto of Enbridge Energy, Limited Partnership ("Lakehead") presented in the Form No. 6 Annual Report filed for 2024.</span></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><span style="font-family: Arial;"> </span></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><span style="font-family: Arial; font-weight: bold;">2. LEGAL PROCEEDINGS</span></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"><span style="font-family: 'Times New Roman';"> </span></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><span style="font-family: Arial;">We are involved in various legal and regulatory actions and proceedings which arise in the ordinary course of business. While the final outcome of such actions and proceedings cannot be predicted with certainty, management believes that the resolution of such actions and proceedings will not have a material impact on our consolidated financial position or results of operations.</span></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><span style="font-family: Arial;">SEC regulations require the disclosure of any proceeding under environmental laws to which a governmental authority is a party unless the registrant reasonably believes it will not result in monetary sanctions over a certain threshold.</span></p></div>
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Nafeesa Kassam
Vice President, Finance
Nafeesa Kassam
2025-09-08
915 North Eldridge Parkway, Houston, Texas 77079
Alan McCoy
Manager Accounting
Suite 200, 425 - 1st Street SW Calgary | Alberta | Canada | T2P 3L8
+1 403-231-5937
O
N/A
N/A
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