Incremental income and visible earnings growth Enbridge secured these utility acquisitions at historically attractive valuation multiples. Because of that, it expects the utilities will be accretive to its distributable cash flow per share in the first full year of ownership. With two of the three deals now closed, they'll supply Enbridge with incremental earnings and cash flow in 2024, with the full benefit expected in 2025. Enbridge has now closed two of the three natural gas utilities it plans to acquire ...