v3.25.4
CAPITAL MANAGEMENT (Tables)
12 Months Ended
Dec. 31, 2025
Regulated Operations [Abstract]  
Summary of Company's Capital Structure As at December 31, 2025 and 2024, the Company’s capital structure was as follows:
As at December 31 (millions of dollars)
20252024
Short-term notes payable100 200 
Long-term debt payable within one year925 1,150 
Less: cash and cash equivalents(549)(716)
476 634 
Long-term debt18,092 16,329 
Common shares5,721 5,713 
Retained earnings6,911 6,360 
Total capital31,200 29,036