Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 84

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 84
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7,390 189 25,644 Total revenue from contracts with customers12,213 6,010 7,527 189 25,939 Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power GenerationConsolidatedYear ended December 31, 2023(millions of Canadian dollars)    Revenue from products transferred at a point in time— 17 138 — 155 Revenue from products and services transferred over time112,132 5,763 5,890 259 24,044 Total revenue from contracts with customers12,132 5,780 6,028 259 24,199 Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power GenerationConsolidatedYear ended December 31, 2022(millions of Canadian dollars)    Revenue from products transferred at a point in time— — 127 — 127 Revenue from products and services transferred over time111,518 5,384 6,606 281 23,789 Total revenue from contracts with customers11,518 5,384 6,733 281 23,916 1Revenue from crude oil and natural gas pipeline transportation, storage, natural gas gathering, compression and treating, natural gas distribution, natural gas storage services and electricity sales.Performance Obligations Satisfied Over TimeFor arrangements involving the transportation and sale of petroleum products and natural gas where the transportation services or commodities are simultaneously received and consumed by the shipper or customer, we recognize revenue over time using an output method based on volumes of commodities delivered or transported. The measurement of the volumes transported or delivered corresponds directly to the benefits received by the shippers or customers during that period.Determination of Transaction PricesPrices for transportation and gas processing services are determined based on the capital cost of the facilities, pipelines and associated infrastructure required to provide such services, plus a rate of return on capital invested that is determined either through negotiations with customers or through regulatory processes for those operations that are subject to rate regulation.Prices for commodities sold are determined by reference to market price indices, plus or minus a negotiated differential and in certain cases a marketing fee.Prices for natural gas sold and distribution services provided by regulated natural gas distribution operations are prescribed by regulation.

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5.  SEGMENTED INFORMATION

Year ended December 31, 2024Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power GenerationTotal Reportable Segments(millions of Canadian