v3.26.1
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Unaudited) - CAD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating activities        
Net earnings $ 460 $ 444 $ 1,022 $ 1,002
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation - property, plant and equipment 468 454 929 911
Amortization - intangible assets 45 39 88 78
Amortization - other 29 19 57 38
Deferred income tax expense 34 58 65 124
Equity component, allowance for funds used during construction (Note 9) (49) (42) (95) (81)
Sale of investment tax credits 63 0 63 0
Other 39 7 41 19
Change in long-term regulatory assets and liabilities 27 (43) (5) (19)
Change in working capital (Note 12) 13 (132) 67 (55)
Cash from operating activities 1,129 804 2,232 2,017
Investing activities        
Additions to property, plant and equipment (1,601) (1,479) (3,104) (2,962)
Additions to intangible assets (63) (65) (108) (125)
Contributions in aid of construction 357 144 581 312
Contribution to equity-accounted investee 0 (27) 0 (27)
Other (34) (83) (81) (133)
Cash used in investing activities (1,341) (1,510) (2,712) (2,935)
Financing activities        
Proceeds from long-term debt, net of issuance costs (Note 7) 1,320 96 2,140 1,131
Repayments of long-term debt and finance leases (783) (27) (941) (62)
Borrowings under committed credit facilities 4,266 3,332 7,486 6,390
Repayments under committed credit facilities (3,809) (2,985) (7,387) (6,358)
Net change in short-term borrowings (538) 230 (377) 277
Issue of common shares, net of costs and dividends reinvested 14 9 32 34
Dividends        
Common shares, net of dividends reinvested (212) (191) (420) (383)
Preference shares (21) (20) (43) (41)
Subsidiary dividends paid to non-controlling interests (23) (17) (48) (44)
Other 7 10 33 (8)
Cash from financing activities 221 437 475 936
Effect of exchange rate changes on cash and cash equivalents 16 (20) 22 (17)
Change in cash and cash equivalents 25 (289) 17 1
Cash and cash equivalents, beginning of period 359 510 367 220
Cash and cash equivalents, end of period $ 384 $ 221 $ 384 $ 221