v3.26.1
Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
As at
June 30,December 31,
($ millions)2026 2025 
Long-term debt34,503 32,542 
Credit facility borrowings 1,638 1,515 
Total long-term debt36,141 34,057 
Less: Deferred financing costs and debt discounts(199)(188)
Less: Current installments of long-term debt(3,395)(3,146)
32,547 30,723 
Significant Long-Term Debt IssuancesInterest
Year-to-date June 30, 2026MonthRateAmountUse of
($ millions, except as noted)
Issued

(%)
Maturity($ millions)Proceeds
ITC
Secured senior notesJanuary5.08 2036US $125 
(1) (2) (3)
Secured senior notesJanuary5.71 2046US $125 
(1) (2) (3)
First mortgage bondsMarch4.78 2034US $175 
(1) (2) (3)
First mortgage bondsMarch4.86 2035US $175 
(1) (2) (3)
Unsecured senior notesApril4.88 2031US $500 
(1) (3) (4)
Unsecured senior notesApril5.50 2036US $400 
(1) (3) (4)
Central Hudson
Unsecured senior notesApril
(5)
(5)
US $70 
(1) (3)
(1) Repay short-term and/or credit facility borrowings
(2) Fund capital expenditures
(3) General corporate purposes
(4) Repay maturing long-term debt
(5) Comprised of US$25 million at 5.51% due in 2036, US$35 million at 5.86% due in 2041 and US$10 million at 6.01% due in 2046
Schedule of Credit Facilities
As at
Credit facilitiesRegulatedCorporateJune 30,December 31,
($ millions)Utilitiesand Other2026 2025 
Total credit facilities4,307 1,585 5,892 5,773 
Credit facilities utilized:
Short-term borrowings (1)
(39)— (39)(412)
Long-term debt (including current portion) (2)
(1,366)(272)(1,638)(1,515)
Letters of credit outstanding(83)(22)(105)(105)
Credit facilities unutilized2,819 1,291 4,110 3,741 
(1)    The weighted average interest rate was 4.5% (December 31, 2025 - 4.2%).
(2)    The weighted average interest rate was 3.8% (December 31, 2025 - 3.8%). The current portion was $1,322 million (December 31, 2025 - $707 million).