XML 29 R14.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2016
Segment Information [Abstract] |
SEGMENT INFORMATION | 5. SEGMENT INFORMATION Emera manages its reportable segments separately due in part to their different geographical, operating and regulatory environments. Segments are reported based on each subsidiary’s contribution of revenues, net income attributable to common shareholders and total assets as reported to the Company’s chief operating decision maker. As at December 31, 2016, Emera has six reportable segments, specifically: Emera Florida and New Mexico (includes TEC, consisting of two divisi ons: Tampa Electric and PGS, NMGC, their parent company TECO Energy, and TECO Finance, a wholly owned financing subsidiary of TECO Energy); NSPI; Emera Maine; Emera Caribbean (ECI and its subsidiaries including BLPC, Domlec, GBPC, and an equity investme nt in Lucelec); Emera Energy (Emera Energy Services, NEGG Facilities, Bayside Power, Brooklyn Energy and an equity investment in Bear Swamp); and Corporate and Other (Emera Utility Services, ENL, Emera Brunswick Pipeline, Corporate, other strategic invest ments and holding companies).
| Emera Florida |  |  |  |  |  |  | Corporate | Inter- |  |
| and New |  |  | Emera | Emera | Emera | and |  | segment |  |
millions of Canadian dollars | Mexico (2) | NSPI | Maine | Caribbean | Energy | Other | Eliminations | Total
For the year ended December 31, 2016
Operating revenues from external customers (1) | $ | 1,839 | $ | 1,356 | $ | 297 | $ | 419 | $ | 298 | $ | 69 | $ | (2) | $ | 4,276
Inter-segment revenues (1) |  | - |  | - |  | - |  | - |  | 11 |  | 24 |  | (34) |  | 1
Total operating revenues |  | 1,839 |  | 1,356 |  | 297 |  | 419 |  | 309 |  | 93 |  | (36) |  | 4,277
Allowance for funds used during construction - debt and equity |  | 28 |  | 6 |  | 1 |  | - |  | - |  | - |  | - |  | 35
Regulated fuel and fixed cost deferral adjustments |  | - |  | 61 |  | - |  | - |  | - |  | - |  | - |  | 61
Depreciation and amortization |  | 243 |  | 197 |  | 51 |  | 48 |  | 45 |  | 4 |  | - |  | 588
Interest expense (3) |  | 125 |  | 127 |  | 19 |  | 15 |  | 2 |  | 312 |  | - |  | 600
Interest revenue |  | - |  | - |  | - |  | - |  | 1 |  | 1 |  | - |  | 2
Internally allocated interest (4) |  | - |  | - |  | - |  | - |  | (24) |  | 24 |  | - |  | -
Income from equity investments |  | - |  | - |  | - |  | 3 |  | 11 |  | 86 |  | - |  | 100
Income tax expense (recovery) |  | 100 |  | 12 |  | 23 |  | 14 |  | (53) |  | (118) |  | - |  | (22)
Net income attributable to common shareholders |  | 172 |  | 130 |  | 47 |  | 100 |  | (110) |  | (112) |  | - |  | 227
Capital expenditures |  | 547 |  | 304 |  | 85 |  | 87 |  | 39 |  | 7 |  | - |  | 1,069
As at December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | 18,016 |  | 4,776 |  | 1,543 |  | 1,331 |  | 1,702 |  | 1,966 |  | (113) |  | 29,221
Investments subject to significant influence |  | - |  | - |  | 13 |  | 39 |  | - |  | 895 |  | - |  | 947
Goodwill |  | 5,957 |  | - |  | 154 |  | 102 |  | - |  | - |  | - |  | 6,213
(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel for generation and purchased power. Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.
(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition.
(3) Corporate and Other Interest expense has been reduced by amortization of $13 million related to the unregulated long-term debt fair market value adjustment recognized on the acquisition of TECO Energy.
(4) Segment net income is reported on a basis that includes internally allocated financing costs.
| Emera Florida |  |  |  |  |  |  | Corporate | Inter- |  |
| and New |  |  | Emera | Emera | Emera | and |  | segment |  |
millions of Canadian dollars | Mexico (2) | NSPI | Maine | Caribbean | Energy | Other | Eliminations | Total
For the year ended December 31, 2015
Operating revenues from external customers (1) | $ | - | $ | 1,417 | $ | 284 | $ | 442 | $ | 578 | $ | 68 | $ | (2) | $ | 2,787
Inter-segment revenues (1) |  | - |  | - |  | - |  | 8 |  | 12 |  | 24 |  | (42) |  | 2
Total operating revenues |  | - |  | 1,417 |  | 284 |  | 450 |  | 590 |  | 92 |  | (44) |  | 2,789
Allowance for funds used during construction - debt and equity |  | - |  | 4 |  | 2 |  | - |  | - |  | - |  | - |  | 6
Regulated fuel and fixed cost deferral adjustments |  | - |  | 42 |  | - |  | - |  | - |  | - |  | - |  | 42
Depreciation and amortization |  | - |  | 206 |  | 47 |  | 44 |  | 41 |  | 2 |  | - |  | 340
Interest expense |  | - |  | 129 |  | 19 |  | 14 |  | 1 |  | 59 |  | - |  | 222
Interest revenue |  | - |  | 5 |  | - |  | - |  | 1 |  | - |  | - |  | 6
Internally allocated interest (3) |  | - |  | - |  | - |  | - |  | (18) |  | 18 |  | - |  | -
Income from equity investments |  | - |  | - |  | - |  | 3 |  | 21 |  | 84 |  | - |  | 108
Income tax expense (recovery) |  | - |  | 23 |  | 27 |  | 3 |  | 50 |  | (10) |  | - |  | 93
Net income attributable to common shareholders |  | - |  | 130 |  | 45 |  | 41 |  | 99 |  | 82 |  | - |  | 397
Capital expenditures |  | - |  | 271 |  | 65 |  | 44 |  | 98 |  | 9 |  | - |  | 487
As at December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | - |  | 4,721 |  | 1,558 |  | 1,403 |  | 1,919 |  | 2,663 |  | (225) |  | 12,039
Investments subject to significant influence |  | - |  | - |  | 12 |  | 39 |  | - |  | 1,094 |  | - |  | 1,145
Goodwill |  | - |  | - |  | 158 |  | 106 |  | - |  | - |  | - |  | 264
(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel for generation and purchased power. Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.
(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition.
(3) Segment net income is reported on a basis that includes internally allocated financing costs.
Geographical Information
Revenues(1):
For the | Year ended December 31
millions of Canadian dollars |  | 2016 |  | 2015
Canada | $ | 1,510 | $ | 1,546
United States |  | 2,348 |  | 786
Barbados |  | 254 |  | 259
The Bahamas |  | 121 |  | 154
Dominica |  | 44 |  | 44
| $ | 4,277 | $ | 2,789
(1) Revenues are based on country of origin of the product or service sold |  |  |  |
Property Plant and Equipment:
As at | December 31 | December 31
millions of Canadian dollars | 2016 | 2015
Canada | $ | 3,791 | $ | 3,672
United States |  | 12,724 |  | 2,034
Barbados |  | 416 |  | 402
The Bahamas |  | 295 |  | 299
Dominica |  | 64 |  | 62
| $ | 17,290 | $ | 6,469

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration