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Consolidated Statements of Income - CAD
shares in Millions, CAD in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating revenues    
Regulated electric CAD 3,437.0 CAD 2,141.0
Regulated Gas 499.0 52.0
Non-regulated 341.0 596.0
Total operating revenues 4,277.0 2,789.0
Operating expenses    
Regulated fuel for generation and purchased power 1,222.0 815.0
Regulated cost of natural gas 177.0 0.0
Regulated fuel adjustment 61.0 42.0
Non-regulated fuel for generation and purchased power 313.0 336.0
Non-regulated direct costs 29.0 19.0
Operating, maintenance and general 1,137.0 666.0
Provincial, state, and municipal taxes 195.0 63.0
Depreciation and amortization 588.0 340.0
Total operating expenses 3,722.0 2,281.0
Income from operations 555.0 508.0
Income from equity investments 100.0 108.0
Other income (expenses), net 174.0 141.0
Interest expense, net (585.0) (212.0)
Income before provision for income taxes 244.0 545.0
Income tax expense (recovery) (22.0) 93.0
Net income 266.0 452.0
Non-controlling interest in subsidiaries 11.0 25.0
Net income of Emera Incorporated 255.0 427.0
Preferred stock dividends 28.0 30.0
Net income attributable to common shareholders CAD 227.2 CAD 397.2
Weighted average shares of common stock outstanding (in millions)    
Basic 171.4 145.8
Diluted 172.2 146.4
Earnings per common share (note 9)    
Basic CAD 1.33 CAD 2.72
Diluted 1.32 2.71
Dividends per common share declared CAD 1.995 CAD 1.6625