Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 160

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 160
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/(loss)(2,199)821 (1,094)Net defined pension and OPEB credit188 135 239 Other564 397 174  (1,326)1,224 (589)

28.  CHANGES IN OPERATING ASSETS AND LIABILITIES

Year ended December 31,202420232022(millions of Canadian dollars)   Trade receivables and unbilled revenues(1,638)1,125 (572)Accounts receivable from affiliates(23)18 17 Inventory177 763 (599)Other current and non-current assets(426)1,301 (394)Trade payables and accrued liabilities1,383 (1,542)585 Accounts payable to affiliates(8)(66)16 Interest payable157 199 58 Other current and long-term liabilities245 513 877  (133)2,311 (12)

193

29.  RELATED PARTY TRANSACTIONS

 Related party transactions are conducted in the normal course of business and, unless otherwise noted, are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties. We provide transportation services to several significantly influenced investees which we record as transportation and other services revenue. We also purchase and sell natural gas and crude oil with several of our significantly influenced investees. These revenues and costs are recorded as commodity sales and commodity costs. We contract for firm transportation services to meet our annual natural gas supply requirements which we record as gas distribution costs.Our transactions with significantly influenced investees are as follows:Year ended December 31,202420232022(millions of Canadian dollars)Transportation and other revenues181 169 185 Commodity sales— — 51 Operating and administrative1637 625 503 Commodity costs222 63 778 Gas distribution costs147 140 136 1During the years ended December 31, 2024, 2023 and 2022, we had Operating and administrative costs from the Seaway Crude Pipeline System of $650 million, $632 million and $495 million, respectively. These costs are a result of an operational contract where we utilize capacity on Seaway Crude Pipeline System assets for use in our Liquids Pipelines business. 

2During the years ended December 31, 2024, 2023 and 2022, we had Commodity costs from Aux Sable Canada LP of nil,