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REVENUE (Tables)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Major Products and Services
Major Products and Services
Three months ended
September 30, 2024		Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power GenerationEliminations and OtherConsolidated
(millions of Canadian dollars)      
Transportation revenue2,906 1,264 447 — — 4,617 
Storage and other revenue65 143 125 — — 333 
Gas distribution revenue— — 710 — — 710 
Electricity revenue— — — 36 — 36 
Commodity sales
— 37 — — — 37 
Total revenue from contracts with customers
2,971 1,444 1,282 36 — 5,733 
Commodity sales8,725 10 — — 214 8,949 
Other revenue1,2
79 27 (2)96 — 200 
Intersegment revenue— 5 1 1 (7)— 
Total revenue11,775 1,486 1,281 133 207 14,882 

Three months ended
September 30, 2023		Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power GenerationEliminations and OtherConsolidated
(millions of Canadian dollars)      
Transportation revenue2,856 1,294 148 — — 4,298 
Storage and other revenue65 118 83 — — 266 
Gas distribution revenue— — 528 — — 528 
Electricity revenue— — — 79 — 79 
Total revenue from contracts with customers
2,921 1,412 759 79 — 5,171 
Commodity sales4,373 — — — 279 4,652 
Other revenue1,2
61 11 (9)(42)— 21 
Intersegment revenue— — 1 3 (4)— 
Total revenue7,355 1,423 751 40 275 9,844 
Nine months ended
September 30, 2024		Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power Generation Eliminations and OtherConsolidated
(millions of Canadian dollars)      
Transportation revenue8,916 3,895 1,267 — — 14,078 
Storage and other revenue192 416 351 — — 959 
Gas distribution revenue— — 3,149 — — 3,149 
Electricity revenue— — — 137 — 137 
Commodity sales
— 115 — — — 115 
Total revenue from contracts with customers
9,108 4,426 4,767 137 — 18,438 
Commodity sales17,494 62 — — 751 18,307 
Other revenue1,2
213 46 24 228 — 511 
Intersegment revenue— 16 5 5 (26)— 
Total revenue26,815 4,550 4,796 370 725 37,256 
Nine months ended
September 30, 2023		Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power GenerationEliminations and OtherConsolidated
(millions of Canadian dollars)      
Transportation revenue8,800 3,968 593 — — 13,361 
Storage and other revenue191 326 267 — — 784 
Gas distribution revenue— — 3,611 — — 3,611 
Electricity revenue— — — 220 — 220 
Total revenue from contracts with customers
8,991 4,294 4,471 220 — 17,976 
Commodity sales13,039 — — — 1,075 14,114 
Other revenue1,2
170 29 (50)112 — 261 
Intersegment revenue— 1 5 2 (8)— 
Total revenue22,200 4,324 4,426 334 1,067 32,351 
1Includes realized and unrealized gains and losses from our hedging program which for the three months ended September 30, 2024 were a net $54 million gain (2023 - $97 million loss) and for the nine months ended September 30, 2024 were a net $15 million gain (2023 - $149 million loss).
2Includes revenues from lease contracts for the three months ended September 30, 2024 and 2023 of $125 million and $107 million, respectively, and for the nine months ended September 30, 2024 and 2023 of $407 million and $387 million, respectively.
Recognition and Measurement of Revenues
Three months ended September 30, 2024Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power Generation Consolidated
(millions of Canadian dollars)    
Revenues from products transferred at a point in time
— 37 31 — 68 
Revenues from products and services transferred over time1
2,971 1,407 1,251 36 5,665 
Total revenue from contracts with customers
2,971 1,444 1,282 36 5,733 
Three months ended September 30, 2023Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power GenerationConsolidated
(millions of Canadian dollars)
Revenues from products transferred at a point in time— — 38 — 38 
Revenues from products and services transferred over time1
2,921 1,412 721 79 5,133 
Total revenue from contracts with customers2,921 1,412 759 79 5,171 
Nine months ended September 30, 2024Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power GenerationConsolidated
(millions of Canadian dollars)
Revenues from products transferred at a point in time— 115 93 — 208 
Revenues from products and services transferred over time1
9,108 4,311 4,674 137 18,230 
Total revenue from contracts with customers9,108 4,426 4,767 137 18,438 
Nine months ended September 30, 2023Liquids PipelinesGas TransmissionGas Distribution and StorageRenewable Power GenerationConsolidated
(millions of Canadian dollars)
Revenues from products transferred at a point in time— — 105 — 105 
Revenues from products and services transferred over time1
8,991 4,294 4,366 220 17,871 
Total revenue from contracts with customers8,991 4,294 4,471 220 17,976 
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 ReceivablesContract AssetsContract Liabilities
(millions of Canadian dollars)
Balance as at September 30, 20242,563 325 2,738 
Balance as at December 31, 20232,802 400 2,591