Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 81

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 81
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elinesGas TransmissionGas Distribution and StorageRenewable Power GenerationEliminations and OtherConsolidatedYear ended December 31, 2022(millions of Canadian dollars)      Transportation revenue311,283 5,012 198 — — 16,493 Storage and other revenue235 350 308 — — 893 Gas gathering and processing revenue— 22 — — — 22 Gas distribution sales3— — 6,227 — — 6,227 Electricity and transmission revenue— — — 281 — 281 Total revenue from contracts with customers11,518 5,384 6,733 281 — 23,916 Commodity sales25,740 — — — 3,410 29,150 Other revenue1,2(81)39 (20)305 — 243 Intersegment revenue(3)3 16 (4)(12)— Total revenue37,174 5,426 6,729 582 3,398 53,309 1Includes realized and unrealized gains and losses from our hedging program which were a net gain of $23 million and losses of $97 million and $431 million for the years ended December 31, 2024, 2023 and 2022, respectively.2Includes revenues from lease contracts. Refer to Note 26 - Leases.3These balances reflect a transfer from Transportation revenue to Gas distribution sales of $602 million and $584 million for the years ended December 31, 2023 and 2022, respectively. We disaggregate revenue into categories which represent our principal performance obligations within each business segment. These revenue categories represent the most significant revenue streams in each segment and consequently are considered to be the most relevant revenue information for management to consider in evaluating performance.

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Contract BalancesContract ReceivablesContract AssetsContract Liabilities(millions of Canadian dollars)Balance as at December 31, 20243,764 330 2,828 Balance as at December 31, 20232,802 400 2,591 Contract receivables represent the amount of receivables derived from contracts with customers.Contract assets represent the amount of revenue which has been recognized in advance of payments received for performance obligations we have fulfilled (or have partially fulfilled) and prior to the point in time at which our right to the payment is unconditional