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CONTRACTUAL COMMITMENTS | 12 Months Ended
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Dec. 31, 2023
Contractual Commitments [Abstract] |
CONTRACTUAL COMMITMENTS | CONTRACTUAL COMMITMENTS In the normal course of business, our company will enter into contractual obligations which include commitments relating primarily to contracted project costs for various growth initiatives such as committed expenditures associated with gas and electricity sales contracts at our U.K. regulated distribution operation. As at December 31, 2023, our company had $695 million (2022: $636 million) of commitments outstanding, of which 36% mature in less than one year, 56% between two and five years, and 8% after five years. In addition, pursuant to the Master Service Agreement, on a quarterly basis, our group pays a base management fee to certain service providers (the “Service Providers”), which are subsidiaries of Brookfield, equal to 0.3125% per quarter (1.25% annually) of the combined market value of our group. Our company pays for, or reimburses the partnership for, our proportionate share of the management fee. The fee attributable to our company is recorded on the Consolidated Statements of Operating Results in general and administrative expenses. The amount attributable to our company is based on weighted average units and shares outstanding after retroactively adjusting for the special distribution.

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- Definition Contractual commitments [Abstract] + References No definition available. + Details
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- Definition The disclosure of commitments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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