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Property, plant and equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, plant and equipment

Property, plant and equipment

Property, plant and equipment consist of the following:

2024
			Cost						Accumulated depreciation						Net book value
Utility plant			$	10,366,245					$	1,596,778					$	8,769,467
Hydro: generation facilities and other			258,631						129,426						129,205
Land			117,700						—						117,700
Construction-in-progress
Utility plant			426,170						—						426,170
Hydro: generation facilities and other			7,553						—						7,553
			$	11,176,299					$	1,726,204					$	9,450,095

2023
			Cost						Accumulated depreciation						Net book value
Utility plant			$	9,330,075					$	1,204,155					$	8,125,920
Hydro: generation facilities and other			272,498						132,105						140,393
Land			118,295						—						118,295
Construction-in-progress
Utility plant			736,173						—						736,173
Hydro: generation facilities and other			5,992						—						5,992
			$	10,463,033					$	1,336,260					$	9,126,773

Utility plant includes cost of $2,146,852 (2023 - $1,961,720) and accumulated depreciation of $171,920 (2023 - $98,128) related to regulated generation assets. Furthermore, it also includes cost of $3,351 (2023 - $3,270) and accumulated depreciation of $2,970 (2023 - $2,455) related to assets under finance lease. Land includes costs of $5,263 (2023 - $5,263) and construction-in-progress - utility plant includes costs of $43,319 (2023 - $15,770) related to regulated generation assets.

5.Property, plant and equipment (continued)

Hydro: generation facilities and other include cost of $74,818 (2023 - $77,859) and accumulated depreciation of $38,692 (2023 - $40,386) related to facilities under financing lease or owned by consolidated VIEs. Depreciation expense of facilities under financing lease was $974 (2023 - $461).

For the year ended December 31, 2024, contributions received in aid of construction of $672 (2023 - $238) have been credited to the cost of the assets.

Interest and AFUDC capitalized to the cost of the assets in 2024 and 2023 are as follows:

			2024						2023
AFUDC capitalized on regulated property:
Allowance for borrowed funds			$	4,604					$	9,440
Allowance for equity funds			1,748						3,372
			$	6,352					$	12,812

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

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