Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 103

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 103
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million) relates to storage cavern right-of-use assets, and recorded the related lease liabilities of $7 million (US$5 million) and $248 million (US$184 million) to Current portion of long-term debt and Long-term debt, respectively, in the Consolidated Statements of Financial Position. The acquired assets are included in our Gas Transmission segment.DISPOSITIONAthabasca Regional Oil Sands SystemOn October 5, 2022, we closed the sale of an 11.6% non-operating interest in seven pipelines in the Athabasca region of northern Alberta from our Regional Oil Sands System to Athabasca Indigenous Investments Limited Partnership (Aii), an entity representing 23 First Nation and Métis communities, for total consideration of approximately $1.1 billion. No gain or loss was recognized on the sale and a noncontrolling interest was recorded in our Consolidated Statements of Financial Position beginning in 2022 to reflect the interest held by Aii (Note 19).Subsequent to the sale, we maintained an 88.4% controlling interest in these assets, which are a component of our Liquids Pipelines segment, and continue to manage, operate and provide administrative services to them.

9.  OTHER CURRENT ASSETS

December 31,20242023(millions of Canadian dollars)Derivative assets (Note 23)557 623 Regulatory assets (Note 7)472 470 Gas imbalances517 209 Income taxes receivable375 347 Other849 791  2,770 2,440 

10.  INVENTORY

December 31,20242023(millions of Canadian dollars)  Natural gas811 938 Crude oil479 413 Other198 128  1,488 1,479 

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11.  PROPERTY, PLANT AND EQUIPMENT

 Weighted Average  December 31,Depreciation Rate20242023(millions of Canadian dollars)   Pipelines2.9 %73,633 66,698 Facilities and equipment3.2 %43,439 37,634 Land and right-of-way12.8 %4,181 3,600 Gas mains, services and other3.0 %26,925 15,346 Storage2.6 %6,455 4,929 Wind turbines, solar panels and other3.9 %4,