12. Delivery revenue
For the Three Months Ended December 31,
For the Nine Months Ended December 31,
2019
2018
2019
2018
(millions)
Basic monthly charge
$
30 58
$
30 52
$
90 91
$
89 85
Delivery revenue
Other
2
2
4
5
$
90
$
84
$
185
$
179
13. Transportation and storage revenue
For the Three Months Ended December 31,
For the Nine Months Ended December 31,
2019
2018
2019
2018
(millions)
Transportation Firm
$
43
$
39
$
127
$
101
Interruptible
2
3
6 1
7 2
Other
-
-
45
42
134
110
Storage
2
3
7
8
$
47
$
45
$
141
$
118
14. Net finance expenses
For the Three Months Ended December 31,
For the Nine Months Ended December 31,
2019
2018
2019
2018
(millions)
Debt retirement funds earnings
$
1 1
$
1 1
$
3 3
$
2 2
Finance income
Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions
(1)
(1)
(3)
(2)
(13)
(13)
(40)
(37)
(1)
(1)
(3)
(3)
Borrowing costs capitalized to qualifying assets
-
1
2
2
Finance expenses
(15)
(14)
(44)
(40)
Net finance expenses
$
(14)
$
(13)
$
(41)
$
(38)
15. Financial risk management
Through the normal course of business, the Corporation has exposure to market risk (natural gas price risk and interest rate risk), liquidity risk and credit risk related to its financial and derivative instruments. The Board of Directors, through the Audit and Finance Committee, has the overall responsibility for the establishment and oversight of the Corporation's risk management efforts. The risk management policies and strategies, approved by the Board of Directors and reviewed regularly by the Audit and Finance Committee, provide the framework within which financial and derivative instruments may be used to manage its risks. The Corporation’s significant risk management policies include the Corporate Derivatives Policy, the Commodity Risk Management Policy, the Corporate Debt and Interest Rate Risk Management Policy and the Corporate Credit Risk Management Policy. The objectives, policies and processes for managing risk were consistent with the prior period.
28
2019-20 THIRD QUARTER REPORT
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