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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Net income $ 1,009 $ 561
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 959 915
Income from equity investments, net of dividends (61) (69)
Allowance for equity funds used during construction (52) (61)
Deferred income taxes, net 152 (37)
Net change in pension and post-retirement liabilities (48) (23)
Fuel adjustment mechanism ("FAM") (162) (166)
Net changes in fair value of derivative instruments 206 404
Net change in regulatory assets and liabilities (471) (176)
Net change in capitalized transportation capacity (445) (107)
Impairment charge 73 0
Other operating activities, net (13) 96
Changes in non-cash working capital (note 30) (234) (152)
Net cash provided by operating activities 913 1,185
Investing activities    
Additions to PP&E (2,596) (2,359)
Other investing activities 27 27
Net cash used in investing activities (2,569) (2,332)
Financing activities    
Change in short-term debt, net 1,028 (155)
Proceeds from short-term debt with maturities greater than 90 days 544 640
Repayment of short-term debt with maturities greater than 90 days (680) (377)
Proceeds from long-term debt, net of issuance costs 784 2,554
Retirement of long-term debt (367) (1,660)
Net proceeds under committed credit facilities 511 82
Issuance of common stock, net of issuance costs 277 317
Issuance of preferred stock, net of issuance costs (note 28) 0 416
Dividends on common stock (472) (443)
Dividends on preferred stock (63) (50)
Other financing activities (7) (13)
Net cash provided by financing activities 1,555 1,311
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 16 (1)
Net increase (decrease) in cash, cash equivalents, restricted cash (85) 163
Cash, cash equivalents, and restricted cash, beginning of year 417 254
Cash, cash equivalents, and restricted cash, end of year $ 332 $ 417