I've just tried using 3 different methods. all 3 work as expected
If you simply right click the PC EQ Enable and select Automation Write Enable, it works
If I add an automation lane and select PC-Track Eq - Enable the envelope created by method 1 it works
If I add an automation lane without an envelope being present, it creates the envelope and responds exactly as you'd expect,
If you've created it manually - have you got the "Off" part of the envelope in the lower half of the automation lane? It MUST be lower than 50% in order to work