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Net Other Operating (Income) Loss | 12 Months Ended
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Dec. 31, 2023
Analysis of income and expense [abstract] |
Net Other Operating (Income) Loss | Net Other Operating (Income) Loss Net other operating (income) loss includes the following:
Year ended Dec. 31 | 2023 |  | 2022 | 2021 |
Alberta Off-Coal Agreement | (40) |  |  | (40) |  | (40) |  |
Liquidated damages recoverable | (6) |  |  | (12) |  | — |  |
Insurance recoveries | (1) |  |  | (7) |  | — |  |
Supplier, other contract settlements and other | — |  |  | 1 |  | 34 |  |
Onerous contract provisions | — |  |  | — |  | 14 |  |
Net other operating (income) loss | (47) |  |  | (58) |  | 8 |  |
Alberta Off-Coal Agreement ("OCA") The Company receives payments from the Government of Alberta for the cessation of coal-fired emissions on or before Dec. 31, 2030. Under the terms of the agreement, the Company receives annual cash payments on or before July 31 of approximately $40 million ($37 million, net of the non-controlling interest related to Sheerness), which commenced Jan. 1, 2017, and will terminate at the end of 2030. The Company recognizes the off-coal payments evenly throughout the year. Receipt of the payments is subject to certain terms and conditions. The OCA’s main condition is the cessation of all coal-fired emissions on or before Dec. 31, 2030, which has been achieved effective Dec. 31, 2021. The affected plants are not, however, precluded from generating electricity at any time by any method, other than generation resulting in coal-fired emissions after Dec. 31, 2030. Liquidated Damages Recoverable During 2023, the Company recognized $3 million of recoverable liquidated damages related to requirements to be met by the contractor on turbine availability at the Windrise wind facility (2022 - $12 million) and $3 million for availability guarantees at other facilities (2022 - nil). Insurance Recoveries During 2023, the Company received insurance proceeds of $1 million related to the replacement costs for the single tower failure at the Kent Hills wind facilities (2022 - $7 million). Supplier, Other Contract Settlements and Other During 2021, $34 million was expensed related to decisions to suspend the Sundance Unit 5 repowering project and to retire Keephills Unit 1, including a deferred asset of $10 million (US$8 million) for which the Company is unlikely to incur sufficient capital or operating expenditures to utilize the remaining credit. Onerous Contract Provisions During 2021, an onerous contract provision for future royalty payments of $14 million was recognized with the shutdown of the Highvale mine.

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- Definition The disclosure of other operating income or expense. [Refer: Other operating income (expense)] + 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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