Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 91

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 91
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 natural gas conservation through advertising, rebates, and home energy plans. These costs are recovered through periodic rate adjustments. The Utah Commission approved the construction of natural gas infrastructure to extend services to rural Utah, including 30 miles of intermediate high-pressure pipeline and up to 500 service lines. Recent approvals also include adjustments in the rural expansion rate tracker. Enbridge Gas North CarolinaEnbridge Gas North Carolina is subject to regulation of rates and other aspects of its business by the North Carolina Commission. Base rates for Enbridge Gas North Carolina are designed primarily based on rate design methodology in which the majority of operating costs are recovered through volumetric charges. The North Carolina Commission authorized Enbridge Gas North Carolina to use a tracker mechanism to recover costs related to pipeline integrity and safety requirements that are not included in current base rates.Enbridge Gas North Carolina uses several mechanisms to adjust rates and recover costs. CUT allows for rate adjustments based on changes in customer usage patterns. Rider D enables the recovery of gas purchases from customers, with rates periodically adjusted to reflect market price changes. Rider F facilitates the recovery of costs associated with energy efficiency measures and programs. 

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FINANCIAL STATEMENT EFFECTSAccounting for rate-regulated activities has resulted in the recognition of the following regulatory assets and liabilities in the Consolidated Statements of Financial Position.December 31,20242023Recovery/Refund Period Ends(millions of Canadian dollars)Current regulatory assetsPurchase gas variance74 15 2025Under-recovery of fuel costs4 75 2025Deferred projects costs190 — 2025Other current regulatory assets304 380 2025Total current regulatory assets2 (Note 9)472 470 Long-term regulatory assetsDeferred income taxes34,698 4,456 VariousDeferred projects costs11,045 — VariousLong-term debt4318 348 2032-2046Negative salvage5136 180 VariousDemand-side management costs237 54 VariousPension plan receivable6266 1 VariousOther long-term regulatory assets447 198 VariousTotal long-term regulatory assets27,147 5,237 Total regulatory assets7,619 5,707 Current regulatory liabilitiesPurchase gas variance292 31 2025Regulatory liability related to US income taxes744 — 2025Other current regulatory liabilities280 276 2025Total current regulatory liabilities8 (Note 16)616 307 Long-term regulatory liabilitiesFuture removal and site restoration reserves92,964 1,693 VariousRegulatory liability