XML 113 R80.htm IDEA: XBRL DOCUMENT v3.24.0.1
Segment Disclosures (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of operating segments [abstract]  
Disclosure of operating segments
Year ended Dec. 31, 2023Hydro
Wind &
 Solar(1)
Gas
Energy
Transition
Energy
Marketing		CorporateTotal
Equity-
accounted
investments(1)
Reclass
 adjustments
IFRS
financials
Revenues533 357 1,514 751 220 1 3,376 (21)— 3,355 
Reclassifications and adjustments:
Unrealized mark-to-market (gain) loss(4)16 (67)(5)23 — (37)— 37 — 
Realized gain (loss) on closed exchange positions— — 10 — (91)— (81)— 81 — 
Decrease in finance lease receivable— — 55 — — — 55 — (55)— 
Finance lease income— — 12 — — — 12 — (12)— 
Unrealized foreign exchange loss on commodity— — 1 — — — 1 — (1)— 
Adjusted revenues529 373 1,525 746 152 1 3,326 (21)50 3,355 
Fuel and purchased power19 30 453 557 — 1 1,060 — — 1,060 
Reclassifications and adjustments:
Australian interest income— — (4)— — — (4)— 4 — 
Adjusted fuel and purchased power19 30 449 557 — 1 1,056 — 4 1,060 
Carbon compliance— — 112 — — — 112 — — 112 
Gross margin510 343 964 189 152 — 2,158 (21)46 2,183 
OM&A48 80 192 64 43 115 542 (3)— 539 
Taxes, other than income taxes3 12 11 3 — 1 30 (1)— 29 
Net other operating income— (7)(40)— — — (47)— — (47)
Reclassifications and adjustments:
Insurance recovery— 1 — — — — 1 — (1)— 
Adjusted net other operating income— (6)(40)— — — (46)— (1)(47)
Adjusted EBITDA(2)
459 257 801 122 109 (116)1,632 
Equity income4 
Finance lease income12 
Depreciation and amortization(621)
Asset impairment reversals48 
Interest income
59 
Interest expense
(281)
Foreign exchange loss(7)
Gain on sale of assets and other
4 
Earnings before income taxes880 
(1)The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
(2)Adjusted EBITDA is not defined and has no standardized meaning under IFRS.
Year ended Dec. 31, 2022Hydro
Wind &
 Solar(1)
GasEnergy
Transition		Energy
Marketing		CorporateTotal
Equity-
accounted
investments(1)
Reclass
adjustments
IFRS
financials
Revenues606 303 1,209 714 160 (2)2,990 (14)— 2,976 
Reclassifications and adjustments:
Unrealized mark-to-market loss1 104 251 10 12 — 378 — (378)— 
Realized gain (loss) on closed exchange positions— — (4)— 47 — 43 — (43)— 
Decrease in finance lease receivable— — 46 — — — 46 — (46)— 
Finance lease income— — 19 — — — 19 — (19)— 
Unrealized foreign exchange gain on commodity
— — — — (1)— (1)— 1 — 
Adjusted revenues607 407 1,521 724 218 (2)3,475 (14)(485)2,976 
Fuel and purchased power22 31 641 566 — 3 1,263 — — 1,263 
Reclassifications and adjustments:
Australian interest income— — (4)— — — (4)— 4 — 
Adjusted fuel and purchased power22 31 637 566 — 3 1,259 — 4 1,263 
Carbon compliance— 1 83 (1)— (5)78 — — 78 
Gross margin585 375 801 159 218 — 2,138 (14)(489)1,635 
OM&A55 68 195 69 35 101 523 (2)— 521 
Taxes, other than income taxes3 12 15 4 — 1 35 (2)— 33 
Net other operating income— (23)(38)— — — (61)3 — (58)
Reclassifications and adjustments:
Insurance recovery— 7 — — — — 7 — (7)— 
Adjusted net other operating
  income		— (16)(38)— — — (54)3 (7)(58)
Adjusted EBITDA(2)
527 311 629 86 183 (102)1,634 
Equity income9 
Finance lease income19 
Depreciation and amortization(599)
Asset impairment charges(9)
Interest income
24 
Interest expense
(286)
Foreign exchange gain4 
Gain on sale of assets and other
52 
Earnings before income taxes353 
(1)The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
(2)Adjusted EBITDA is not defined and has no standardized meaning under IFRS.
Year ended Dec. 31, 2021Hydro
Wind & Solar(1)
GasEnergy TransitionEnergy
Marketing		CorporateTotal
Equity-
accounted
investments(1)
Reclass adjustmentsIFRS financials
Revenues383 323 1,109 709 211 4 2,739 (18)— 2,721 
Reclassifications and adjustments:
Unrealized mark-to-market
(gain) loss
— 25 (40)19 (38)— (34)— 34 — 
Realized gain (loss) on closed
exchange positions
— — (6)— 29 — 23 — (23)— 
Decrease in finance lease
receivable
— — 41 — — — 41 — (41)— 
Finance lease income— — 25 — — — 25 — (25)— 
Unrealized foreign exchange
gain on commodity
— — (3)— — — (3)— 3 — 
Adjusted revenues383 348 1,126 728 202 4 2,791 (18)(52)2,721 
Fuel and purchased power16 17 457 560 — 4 1,054 — — 1,054 
Reclassifications and adjustments:
Australian interest income— — (4)— — — (4)— 4 — 
Mine depreciation— — (79)(111)— — (190)— 190 — 
Coal inventory writedown
— — — (17)— — (17)— 17 — 
Adjusted fuel and purchased power
16 17 374 432 — 4 843 — 211 1,054 
Carbon compliance— — 118 60 — — 178 — — 178 
Gross margin367 331 634 236 202 — 1,770 (18)(263)1,489 
OM&A42 59 175 117 36 84 513 (2)— 511 
Reclassifications and adjustments:
Parts and materials writedown
— — (2)(26)— — (28)— 28 — 
Curtailment gain— — — 6 — — 6 — (6)— 
Adjusted OM&A42 59 173 97 36 84 491 (2)22 511 
Taxes, other than income taxes
3 10 13 6 — 1 33 (1)— 32 
Net other operating loss (income)
— — (40)48 — — 8 — — 8 
Reclassifications and adjustments:
Royalty onerous contract and
contract termination penalties		— — — (48)— — (48)— 48 — 
Adjusted net other operating
loss (income)
— — (40)— — — (40)— 48 8 
Adjusted EBITDA(2)
322 262 488 133 166 (85)1,286 
Equity income9 
Finance lease income25 
Depreciation and amortization(529)
Asset impairment charges(648)
Interest income
11 
Interest expense
(256)
Foreign exchange gain16 
Gain on sale of assets and other
54 
Loss before income taxes(380)
(1)The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
(2)Adjusted EBITDA is not defined and has no standardized meaning under IFRS.
Disclosure of selected consolidated statements of financial position information Selected Consolidated Statements of Financial Position Information
As at As at Dec. 31, 2023Hydro
Wind and
Solar
Gas
Energy
Transition
Energy
Marketing		CorporateTotal
PP&E462 3,360 1,543 251 — 98 5,714 
Right-of-use assets7 94 5 — — 11 117 
Intangible assets2 141 40 4 5 31 223 
Goodwill258 176 — — 30 — 464 
As at As at Dec. 31, 2022Hydro
Wind and
Solar
Gas
Energy
Transition
Energy
Marketing		CorporateTotal
PP&E437 2,837 1,858 313 — 111 5,556 
Right-of-use assets6 98 6 2 — 14 126 
Intangible assets2 157 49 5 8 31 252 
Goodwill258 176 — — 30 — 464 
Disclosure of components in other non-current assets
Additions to non-current assets are as follows:
Year ended Dec. 31, 2023Hydro
Wind and
Solar
Gas
Energy
Transition
Energy
Marketing		CorporateTotal
Additions to non-current assets:     
PP&E
42 674 89 16 — 54 875 
Intangible assets
— — — — — 13 13 
Year ended Dec. 31, 2022Hydro
Wind and
Solar
Gas
Energy
Transition
Energy
Marketing		CorporateTotal
Additions to non-current assets:
PP&E
36 745 43 19 — 75 918 
Intangible assets
— 19 — — 3 9 31 
Year ended Dec. 31, 2021Hydro
Wind and
Solar
Gas
Energy
Transition
Energy
Marketing		CorporateTotal
Additions to non-current assets:
PP&E
29 166 167 90 — 28 480 
Intangible assets
— — — 1 — 8 9 
Disclosure of reconciliation between depreciation and amortization
The reconciliation between depreciation and amortization reported on the Consolidated Statements of Earnings (Loss) and the Consolidated Statements of Cash Flows is presented below:
Year ended Dec. 31202320222021
Depreciation and amortization expense on the Consolidated Statements of Earnings (Loss)621 599 529 
Depreciation included in fuel and purchased power (Note 6)
— — 190 
Depreciation and amortization on the Consolidated Statements of Cash Flows
621 599 719 
Disclosure of geographical areas Revenues
Year ended Dec. 31202320222021
Canada2,218 1,905 1,854 
US987 940 731 
Australia150 131 136 
Total revenue3,355 2,976 2,721 
II. Non-Current Assets
Property, plant and
equipment		Right-of-use assetsIntangible assetsOther assets
As at Dec. 3120232022202320222023202220232022
Canada3,578 3,817 43 49 108 123 68 62 
US1,749 1,307 71 74 88 101 42 34 
Australia387 432 3 3 27 28 69 64 
Total5,714 5,556 117 126 223 252 179 160