Related Party Transactions |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | NOTE 16. _________________ RELATED PARTY TRANSACTIONS For the three and nine months ended September 30, 2026, the Company purchased $11 million and $32 million, respectively (2025 – $2 million and $2 million, respectively) of electricity from an affiliated company and provided services of $4 million and $14 million, respectively (2025 – $1 million and $1 million, respectively) to the same affiliated company. These costs are included, on a net basis, in the Consolidated Statements of Earnings (Loss) and Comprehensive Income (Loss) under Cost of sales. For the three and nine months ended September 30, 2026, the Company recognized $3 million and $10 million, respectively (2025 – $5 million and $15 million, respectively) of administrative expenses paid to an affiliated company. These costs are included in the Consolidated Statements of Earnings (Loss) and Comprehensive Income (Loss) under Selling, general and administrative expense. The Company has other receivables with affiliated companies of $32 million and $33 million at September 30, 2026 and December 31, 2025, respectively. The Company has other payables with affiliated companies of $17 million and $8 million at September 30, 2026 and December 31, 2025, respectively. The Company has notes receivable issued by PECHC, an affiliated company, of $60 million and $64 million at September 30, 2026 and December 31, 2025, respectively. The subject interest-bearing notes were issued as consideration for the transfer of certain power generation assets to PECHC through the creation and sale of a special purpose entity (see Note 3 “Sale of businesses” for more details). Concurrently, the Company entered into agreements to provide services to, and make purchases from, the subject entity, on arm's length terms. |