XML 57 R27.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Property, Plant, and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2024
Disclosure of detailed information about property, plant and equipment [abstract] |
Property, Plant, and Equipment | Property, Plant and Equipment A reconciliation of the changes in the carrying amount of PP&E is as follows:
| Assets under construction | Land | Hydro | Wind and Solar | Gas generation | Energy Transition | Capital spares and other(1) | Total |
Cost |  |  |  |  |  |  |  |  |
As at Dec. 31, 2022 | 963 |  | 93 |  | 840 |  | 3,233 |  | 4,530 |  | 3,974 |  | 379 |  | 14,012 |  |
Additions(2) | 869 |  | — |  | — |  | — |  | — |  | — |  | 6 |  | 875 |  |
Disposals | — |  | (3) |  | — |  | — |  | — |  | (30) |  | — |  | (33) |  |
Impairment reversals (Note 7) | — |  | — |  | 10 |  | 4 |  | — |  | — |  | — |  | 14 |  |
Changes to decommissioning and restoration costs | — |  | — |  | 3 |  | 14 |  | (22) |  | 3 |  | (1) |  | (3) |  |
Retirement of assets | — |  | — |  | (7) |  | (18) |  | (124) |  | (7) |  | (108) |  | (264) |  |
Change in foreign exchange rates | (26) |  | — |  | — |  | (18) |  | (7) |  | (42) |  | (1) |  | (94) |  |
Transfers of assets(3) | (572) |  | — |  | 38 |  | 439 |  | 50 |  | 16 |  | 31 |  | 2 |  |
Transfers to finance lease receivable | — |  | — |  | — |  | (61) |  | (4) |  | — |  | — |  | (65) |  |
As at Dec. 31, 2023 | 1,234 |  | 90 |  | 884 |  | 3,593 |  | 4,423 |  | 3,914 |  | 306 |  | 14,444 |  |
Additions(2) | 279 |  | — |  | — |  | — |  | 10 |  | — |  | 22 |  | 311 |  |
Acquisitions (Note 4) | 11 |  | — |  | — |  | — |  | 401 |  | — |  | — |  | 412 |  |
Disposals | — |  | (2) |  | — |  | — |  | (1) |  | (3) |  | — |  | (6) |  |
Changes to decommissioning and restoration costs (Note 24) | — |  | — |  | 16 |  | 9 |  | 13 |  | — |  | — |  | 38 |  |
Retirement of assets | — |  | — |  | (10) |  | (12) |  | (16) |  | — |  | — |  | (38) |  |
Change in foreign exchange rates | 28 |  | 2 |  | — |  | 124 |  | — |  | 146 |  | 2 |  | 302 |  |
Transfer to intangible assets (Note 21) | — |  | — |  | — |  | — |  | (163) |  | — |  | — |  | (163) |  |
Transfers of assets(3) | (1,432) |  | — |  | 43 |  | 1,205 |  | 163 |  | 14 |  | 7 |  | — |  |
Transfers to finance lease receivable (Note 17) | — |  | — |  | — |  | — |  | (48) |  | — |  | — |  | (48) |  |
As at Dec. 31, 2024 | 120 |  | 90 |  | 933 |  | 4,919 |  | 4,782 |  | 4,071 |  | 337 |  | 15,252 |  |
Accumulated depreciation |  |  |  |  |  |  |  |  |
As at Dec. 31, 2022 | — |  | — |  | 478 |  | 1,228 |  | 2,812 |  | 3,744 |  | 194 |  | 8,456 |  |
Depreciation | — |  | — |  | 25 |  | 129 |  | 342 |  | 73 |  | 16 |  | 585 |  |
Retirement of assets | — |  | — |  | (4) |  | (15) |  | (101) |  | (7) |  | (108) |  | (235) |  |
Disposals | — |  | — |  | — |  | — |  | — |  | (30) |  | — |  | (30) |  |
Change in foreign exchange rates | — |  | — |  | — |  | (5) |  | (3) |  | (39) |  | — |  | (47) |  |
Transfers of assets(3) | — |  | — |  | — |  | — |  | (1) |  | 2 |  | — |  | 1 |  |
As at Dec. 31, 2023 | — |  | — |  | 499 |  | 1,337 |  | 3,049 |  | 3,743 |  | 102 |  | 8,730 |  |
Depreciation | — |  | — |  | 37 |  | 170 |  | 221 |  | 62 |  | 28 |  | 518 |  |
Retirement of assets | — |  | — |  | (9) |  | (9) |  | (15) |  | — |  | — |  | (33) |  |
Disposals | — |  | — |  | — |  | — |  | — |  | (2) |  | — |  | (2) |  |
Change in foreign exchange rates | — |  | — |  | — |  | 23 |  | 1 |  | 138 |  | — |  | 162 |  |
Transfer to intangible assets (Note 21) | — |  | — |  | — |  | — |  | (143) |  | — |  | — |  | (143) |  |
As at Dec. 31, 2024 | — |  | — |  | 527 |  | 1,521 |  | 3,113 |  | 3,941 |  | 130 |  | 9,232 |  |
Carrying amount |  |  |  |  |  |  |  |  |
As at Dec. 31, 2022 | 963 |  | 93 |  | 362 |  | 2,005 |  | 1,718 |  | 230 |  | 185 |  | 5,556 |  |
As at Dec. 31, 2023 | 1,234 |  | 90 |  | 385 |  | 2,256 |  | 1,374 |  | 171 |  | 204 |  | 5,714 |  |
As at Dec. 31, 2024 | 120 |  | 90 |  | 406 |  | 3,398 |  | 1,669 |  | 130 |  | 207 |  | 6,020 |  |
(1)Includes major spare parts and standby equipment available, but not in service. (2)In 2024, the Company capitalized $16 million (2023 — $57 million) of interest to PP&E at a weighted average rate of 6.52 per cent (2023 — 6.3 per cent). (3)Includes transfers of assets upon commissioning to assets in service and other movements. Assets under Construction During the year, the Company achieved commercial operations at the White Rock and Horizon Hill wind facilities. Costs were transferred from assets under construction to the Wind and Solar segment. As outlined in Note 17, $48 million related to the Mount Keith 132kV expansion was derecognized from assets under construction and recognized as a finance lease receivable in the first quarter of 2024. Change in Estimate — Useful Lives During 2024 and 2023, the Company adjusted the useful lives of certain assets in the Gas segment to reflect changes to the future operating expectations of the assets. The adjustment to the useful lives resulted in a decrease of $112 million (2023 — $92 million) in depreciation expense that was recognized in the Consolidated Statement of Earnings. Mothballing of Sundance Unit 6 During 2024, the Company announced it will temporarily mothball Sundance Unit 6 on April 1, 2025 for a period of up to two years depending on market conditions. The Company maintains the flexibility to return the mothballed unit to service when market fundamentals improve or opportunities to contract are secured. The unit remains available and fully operational for the first quarter of 2025.

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration