Enbridge is the largest energy infrastructure company in North America, with consolidated assets totaling over $160 billion as at December 31, 2017, covering the most important and growing energy demand markets and supply basins.
We continually look for ways to improve our business and leverage our strengths, which is critical to remaining competitive in today’s environment. Following the close of our merger with Spectra Energy in February 2017 we undertook a comprehensive review of our expanded asset base, business environment and competitive position, with the goal of assessing where best to allocate capital and to establish a new strategic plan.
In November 2017, we announced the finalization of our three-year strategic plan and outlook. We are focused on rationalizing our asset mix to a pure regulated pipeline and utility business model, which emphasizes low-risk businesses and strong growth in our three core businesses: liquids pipelines and terminals; natural gas transmission and storage; and natural gas utilities. These franchises represent critical energy infrastructure with unparalleled competitive positions, highly predictable cash flows and embedded growth. Through our strategic review, we have identified a total of $10 billion of assets that are non-core to Enbridge. In 2018, we've announced $7.5 billion of certain unregulated gas midstream and onshore renewables businesses will be sold or monetized, which was higher than our original 2018 target of $3 billion.
We are currently engaged in a $22-billion commercially secured growth capital program through which we are building the infrastructure that North America needs to address its energy challenges. We expect this growth program, which is almost entirely organic and stems from the strategic positioning of our assets, will enable us to deliver highly visible, ongoing dividend growth of 10 percent per year through 2020.