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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net earnings $ 1,710 $ 1,514
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation - property, plant and equipment 1,542 1,460
Amortization - intangible assets 150 145
Amortization - other 81 63
Deferred income tax expense (Note 23) 272 182
Equity component, allowance for funds used during construction (Note 22) (101) (78)
Other 72 105
Change in long-term regulatory assets and liabilities (100) 162
Change in working capital (Note 25) (81) (479)
Cash from operating activities 3,545 3,074
Investing activities    
Additions to property, plant and equipment (3,986) (3,587)
Additions to intangible assets (183) (278)
Contributions in aid of construction 216 111
Proceeds on disposition, net (Note 21) 454 0
Contributions to equity-accounted investees (24) (100)
Other (219) (205)
Cash used in investing activities (3,742) (4,059)
Financing activities    
Proceeds from long-term debt, net of issuance costs (Note 14) 2,810 3,067
Repayments of long-term debt and finance leases (1,210) (1,526)
Borrowings under committed credit facilities 7,217 6,651
Repayments under committed credit facilities (7,276) (6,381)
Net change in short-term borrowings (126) (21)
Issue of common shares, net of costs, and dividends reinvested 43 53
Dividends    
Common shares, net of dividends reinvested (701) (673)
Preference shares (67) (64)
Subsidiary dividends paid to non-controlling interests (83) (66)
Other 6 (5)
Cash from financing activities 613 1,035
Effect of exchange rate changes on cash and cash equivalents 0 28
Change in cash and cash equivalents 416 78
Cash and cash equivalents, beginning of year 209 131
Cash and cash equivalents, end of year $ 625 $ 209