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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 divisions:  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 investment 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 investments and holding companies).

Emera FloridaCorporate Inter-
and NewEmeraEmeraEmera and segment
millions of Canadian dollarsMexico (2)NSPIMaineCaribbeanEnergyOtherEliminationsTotal
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 FloridaCorporate Inter-
and NewEmeraEmeraEmera and segment
millions of Canadian dollarsMexico (2)NSPIMaineCaribbeanEnergyOtherEliminationsTotal
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 theYear ended December 31
millions of Canadian dollars20162015
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 31December 31
millions of Canadian dollars20162015
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