REVENUE (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Major Products and Services

Major Products and Services

Three months ended March 31, 2024	Liquids Pipelines	Gas Transmission	Gas Distribution and Storage	Renewable Power Generation	Eliminations and Other	Consolidated
(millions of Canadian dollars)
Transportation revenue	3,024	1,341	351	—	—	4,716
Storage and other revenue	62	138	99	—	—	299
Gas distribution revenue	—	—	1,666	—	—	1,666
Electricity revenue	—	—	—	57	—	57
Commodity sales	—	40	—	—	—	40
Total revenue from contracts with customers	3,086	1,519	2,116	57	—	6,778
Commodity sales	3,733	41	—	—	331	4,105
Other revenue1,2	63	6	13	73	—	155
Intersegment revenue	—	6	2	1	(9)	—
Total revenue	6,882	1,572	2,131	131	322	11,038

Three months ended March 31, 2023	Liquids Pipelines	Gas Transmission	Gas Distribution and Storage	Renewable Power Generation	Eliminations and Other	Consolidated
(millions of Canadian dollars)
Transportation revenue	2,942	1,384	276	—	—	4,602
Storage and other revenue	64	95	99	—	—	258
Gas distribution revenue	—	—	2,287	—	—	2,287
Electricity revenue	—	—	—	66	—	66
Total revenue from contracts with customers	3,006	1,479	2,662	66	—	7,213
Commodity sales	4,262	—	—	—	521	4,783
Other revenue1,2	30	11	(40)	78	—	79
Intersegment revenue	—	1	3	—	(4)	—
Total revenue	7,298	1,491	2,625	144	517	12,075

1Includes realized and unrealized gains and losses from our hedging program which for the three months ended March 31, 2024 were a net $22 million loss (2023 - $55 million loss).

2Includes revenues from lease contracts for the three months ended March 31, 2024 and 2023 of $140 million and $144 million, respectively.

Recognition and Measurement of Revenues

Three months ended March 31, 2024	Liquids Pipelines	Gas Transmission	Gas Distribution and Storage	Renewable Power Generation	Consolidated
(millions of Canadian dollars)
Revenues from products transferred at a point in time	—	40	29	—	69
Revenues from products and services transferred over time1	3,086	1,479	2,087	57	6,709
Total revenue from contracts with customers	3,086	1,519	2,116	57	6,778
Three months ended March 31, 2023	Liquids Pipelines	Gas Transmission	Gas Distribution and Storage	Renewable Power Generation	Consolidated
(millions of Canadian dollars)
Revenues from products transferred at a point in time	—	—	30	—	30
Revenues from products and services transferred over time1	3,006	1,479	2,632	66	7,183
Total revenue from contracts with customers	3,006	1,479	2,662	66	7,213

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.

Schedule of Contract Balances

Contract Balances

	Contract Receivables	Contract Assets	Contract Liabilities
(millions of Canadian dollars)
Balance as at March 31, 2024	2,962	337	2,537
Balance as at December 31, 2023	2,802	400	2,591