Enova enjoyed solid financial results throughout its first full year while continuing to invest in the distribution system and post-merger integration activities. Energy sales, which are passed through to the Independent Electricity System Operator (IESO), fell due to lower consumption and rates compared to 2022. In 2023, distribution revenues remained consistent and net income met expectations. Investments in capital projects to support grid modernization, customer growth, asset renewal, and system integration resulted in an overall increase in capital assets, net of depreciation.