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Supplemental Financial Information
 12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]

36. SUPPLEMENTAL FINANCIAL INFORMATION

On June 16, 2016, Emera US Finance LP, (in such capacity, the “Issuer”), issued $3.25 billion USD senior unsecured notes (“U.S. Notes”). The U.S Notes are fully and unconditionally guaranteed, on a joint and several basis, by Emera (in such capacity, the “Parent Company”) and EUSHI (in such capacity, the “Guarantor Subsidiaries”). Emera owns, directly or indirectly, all of the limited and general partnership interests in Emera US Finance LP.

The following consolidated financial statements present the results of operations, financial position and cash flows of the Parent Company, Subsidiary Issuer, Guarantor Subsidiaries and all other Non-guarantor Subsidiaries independently and on a consolidated basis.

Our guarantors were not determined using geographic, service line or other similar criteria, and as a result, the “Parent”, “Subsidiary Issuer”, “Guarantor Subsidiaries” and “Non-guarantor Subsidiaries” columns each include portions of our domestic and international operations. Accordingly, this basis of presentation is not intended to present our financial condition, results of operations or cash flows for any purpose other than to comply with the specific requirements for guarantor reporting.

Emera Incorporated

Consolidated Statements of Income

For the year ended December 31, 2016

ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
Operating revenues
Regulated electric$ - $ - $ 1,665$ 1,774$ (2)$ 3,437
Regulated gas - - 451 48 - 499
Non-regulated - - 378 (4) (33) 341
Total operating revenues - - 2,494 1,818 (35) 4,277
Operating expenses
Regulated fuel for generation and purchased power - - 560 662 - 1,222
Regulated cost of natural gas - - 177 - - 177
Regulated fuel adjustment mechanism and fixed cost deferrals - - - 61 - 61
Non-regulated fuel for generation and purchased power - - 261 56 (4) 313
Non-regulated direct costs - - - 52 (23) 29
Operating, maintenance and general 37 - 647 461 (8) 1,137
Provincial, state and municipal taxes - - 152 43 - 195
Depreciation and amortization 2 - 330 256 - 588
Total operating expenses 39 - 2,127 1,591 (35) 3,722
Income (loss) from operations (39) - 367 227 - 555
Income (loss) from equity investments in subsidiaries 150 - - - (150) -
Income from equity investments 18 - - 82 - 100
Intercompany income (expenses), net 203 101 (107) (151) (46) -
Other income (expenses), net 135 - 24 15 - 174
Interest expense, net 226 85 127 147 - 585
Income (loss) before provision for income taxes 241 16 157 26 (196) 244
Income tax expense (recovery) (14) 7 48 (63) - (22)
Net income (loss) 255 9 109 89 (196) 266
Non-controlling interest in subsidiaries - - - 7 4 11
Net income (loss) of Emera Incorporated 255 9 109 82 (200) 255
Preferred stock dividends 28 - 31 19 (50) 28
Net income (loss) attributable to common shareholders$ 227$ 9$ 78$ 63$ (150)$ 227
Comprehensive income (loss) of Emera Incorporated$ 228$ 19$ 205$ 59$ (283)$ 228

Emera Incorporated

Consolidated Statements of Income

For the year ended December 31, 2015

ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
Operating revenues
Regulated electric$ - $ - $ 283$ 1,860$ (2)$ 2,141
Regulated gas - - - 52 - 52
Non-regulated - - 419 219 (42) 596
Total operating revenues - - 702 2,131 (44) 2,789
Operating expenses
Regulated fuel for generation and purchased power - - 70 745 - 815
Regulated fuel adjustment mechanism and fixed cost deferrals - - - 42 - 42
Non-regulated fuel for generation and purchased power - - 277 64 (5) 336
Non-regulated direct costs - - - 49 (30) 19
Operating, maintenance and general 54 - 148 472 (8) 666
Provincial, state and municipal taxes - - 21 42 - 63
Depreciation and amortization 1 - 79 260 - 340
Total operating expenses 55 - 595 1,674 (43) 2,281
Income (loss) from operations (55) - 107 457 (1) 508
Income (loss) from equity investments in subsidiaries 270 - - - (270) -
Income from equity investments 37 - 5 66 - 108
Intercompany income (expenses), net 156 - - 8 (164) -
Other income (expenses), net 91 - 21 29 - 141
Interest expense, net 46 - 28 272 (134) 212
Income (loss) before provision for income taxes 453 - 105 288 (301) 545
Income tax expense (recovery) 25 - 35 33 - 93
Net income (loss) 428 - 70 255 (301) 452
Non-controlling interest in subsidiaries - - - 13 12 25
Net income (loss) of Emera Incorporated 428 - 70 242 (313) 427
Preferred stock dividends 30 - 15 26 (41) 30
Net income (loss) attributable to common shareholders$ 398$ - $ 55$ 216$ (272)$ 397
Comprehensive income (loss) of Emera Incorporated$ 911$ - $ 303$ 452$ (755)$ 911

Emera Incorporated

Consolidated Balance Sheets

As at December 31, 2016

ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
Assets
Current assets
Cash and cash equivalents$200$28$48$128$-$404
Restricted cash --186-87
Receivables, net 1-429584-1,014
Intercompany receivables57911569(646)-
Income taxes receivable --528-33
Inventory --273199-472
Derivative instruments 13-33112(13)145
Regulatory assets --5426-80
Prepayments and other current assets 2-44230-276
Total current assets273378981,962(659)2,511
Property, plant and equipment, net of accumulated depreciation14-12,7244,552-17,290
Other assets
Income taxes receivable ---48-48
Deferred income taxes 31-18114(38)125
Derivative instruments 12-2129(12)131
Pension and post-retirement asset---9-9
Regulatory assets --647595-1,242
Net investment in direct financing lease --13475-488
Investments in subsidiaries accounted for using the equity method 8,349---(8,349)-
Investments subject to significant influence 5-13929-947
Investment securities---48-48
Goodwill --6,110103-6,213
Intercompany notes receivable1,3414,55816589(6,504)-
Other investments - intercompany---2,270(2,270)-
Other long-term assets33-8570(19)169
Total other assets9,7714,5586,9045,379(17,192)9,420
Total assets$10,058$4,595$20,526$11,893$(17,851)$29,221

Emera Incorporated
Consolidated Balance Sheets – Continued
As at December 31, 2016
ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
Liabilities and Equity
Current liabilities
Short-term debt $-$-$948$13$-$961
Current portion of long-term debt --43640-476
Accounts payable 6-756480-1,242
Intercompany payable 53468125(646)-
Income taxes payable -6-13-19
Derivative instruments 14-10314(13)325
Regulatory liabilities --225137-362
Pension and post-retirement liabilities --517-58
Other current liabilities 54779141-281
Total current liabilities608192,5861,170(659)3,724
Long-term liabilities
Long-term debt 2,3384,3144,6872,929-14,268
Intercompany long-term debt366-4,7781,357(6,501)-
Deferred income taxes -11,193516(38)1,672
Convertible debentures 8----8
Derivative instruments 12--150(12)150
Regulatory liabilities --973304-1,277
Asset retirement obligations --61109-170
Pension and post-retirement liabilities 17-433219-669
Other long-term liabilities 5-213268(19)467
Total long-term liabilities2,7464,31512,3385,852(6,570)18,681
Equity
Common stock4,7382424,1773,997(8,416)4,738
Cumulative preferred stock709-620271(891)709
Contributed surplus75-45106(151)75
Accumulated other comprehensive income (loss) 10610340(191)(159)106
Retained earnings 1,0769420610(1,039)1,076
Total Emera Incorporated equity6,7042615,6024,793(10,656)6,704
Non-controlling interest in subsidiaries ---7834112
Total equity6,7042615,6024,871(10,622)6,816
Total liabilities and equity$10,058$4,595$20,526$11,893$(17,851)$29,221

Emera Incorporated

Consolidated Balance Sheets

As at December 31, 2015

ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
Assets
Current assets
Cash and cash equivalents$-$-$19$1,068$(14)$1,073
Restricted cash --118-19
Receivables, net 2-70506-578
Intercompany receivable102-5195(248)-
Income taxes receivable --93-12
Inventory --48266-314
Derivative instruments 109-46112(17)250
Regulatory assets --1777-94
Prepayments and other current assets 9-4243-256
Total current assets222-2652,388(279)2,596
Property, plant and equipment, net of accumulated depreciation15-2,0354,419-6,469
Other assets
Income taxes receivable ---49-49
Deferred income taxes --4719(34)32
Derivative instruments 35--167(34)168
Pension and post-retirement assets---9-9
Regulatory assets --100505-605
Net investment in direct financing lease ---480-480
Investments in subsidiaries accounted for using the equity method 6,042---(6,042)-
Investments subject to significant influence 509-12624-1,145
Investment securities---116-116
Goodwill --158106-264
Intercompany notes receivable3,051--2,754(5,805)-
Other investments - intercompany---98(98)-
Other long-term assets16-1377-106
Total other assets9,653-3305,004(12,013)2,974
Total assets$9,890$-$2,630$11,811$(12,292)$12,039

Emera Incorporated
Consolidated Balance Sheets – Continued
As at December 31, 2015
ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
Liabilities and Equity
Current liabilities
Short-term debt $14$-$-$16$(14)$16
Current portion of long-term debt 250-618-274
Accounts payable 17-76301-394
Income taxes payable ---8-8
Intercompany payable 52-9277(221)-
Derivative instruments 17-36313(17)349
Regulatory liabilities --10102-112
Pension and post-retirement liabilities ---7-7
Other current liabilities 51-24132-207
Total current liabilities401-244974(252)1,367
Long-term liabilities
Long-term debt 464-3892,882-3,735
Intercompany long-term debt2,631-1203,072(5,823)-
Deferred income taxes 3-343450(34)762
Convertible debentures (represented by installment receipts)2,139--(1,458)-681
Derivative instruments 34--96(34)96
Regulatory liabilities --12341-353
Asset retirement obligations ---109-109
Pension and post-retirement liabilities 13-93197-303
Other long-term liabilities 5-61233-299
Total long-term liabilities5,289-1,0185,922(5,891)6,338
Equity
Common stock2,157-3123,829(4,141)2,157
Cumulative preferred stock709-425271(696)709
Contributed surplus29-45133(178)29
Accumulated other comprehensive income (loss) 137-245(169)(76)137
Retained earnings 1,168-341751(1,092)1,168
Total Emera Incorporated equity4,200-1,3684,815(6,183)4,200
Non-controlling interest in subsidiaries ---10034134
Total equity4,200-1,3684,915(6,149)4,334
Total liabilities and equity$9,890$-$2,630$11,811$(12,292)$12,039

Emera Incorporated
Consolidated Statements of Cash Flows
For the year ended December 31, 2016
ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
Net cash provided by (used in) by operating activities$265$29$481$107$171$1,053
Investing activities
Acquisitions, net of cash acquired--(8,409)--(8,409)
Additions to property, plant and equipment(2)-(633)(396)-(1,031)
Net purchase of investments subject to significant influence, inclusive of acquisition costs---(276)-(276)
Net proceeds on sale of investment subject to significant influence and held-for-trading common shares665----665
Other intercompany investing activities (2,348)(4,416)(18)(2,397)9,179-
Other investing activities--(42)(12)-(54)
Net cash provided by (used in) investing activities(1,685)(4,416)(9,102)(3,081)9,179(9,105)
Financing activities
Change in short-term debt, net(14)-122(4)14118
Proceeds from long-term debt, net of issuance costs2,0374,1874,516764(5,081)6,423
Proceeds from convertible debentures represented by instalment receipts, net of issuance costs(44)--1,457-1,413
Retirement of long-term debt(250)-(6)(36)19(273)
Net borrowings (repayments) under committed credit facilities(210)--(99)(6)(315)
Issuance of common stock, net of issuance costs3542423,86595(4,202)354
Issuance of preferred stock, net of issuance costs--195-(195)-
Dividends on common stock(221)--(254)254(221)
Dividends on preferred stock(28)-(31)(18)49(28)
Dividends paid by subsidiaries to non-controlling interest---(2)(3)(5)
Other financing activities --(18)185(185)(18)
Net cash provided by (used in) financing activities1,6244,4298,6432,088(9,336)7,448
Effect of exchange rate changes on cash and cash equivalents(4)(14)7(54)-(65)
Net increase (decrease) in cash and cash equivalents2002829(940)14(669)
Cash and cash equivalents, beginning of period--191,068(14)1,073
Cash and cash equivalents, end of period$200$28$48$128$-$404

Emera Incorporated
Consolidated Statements of Cash Flows
For the year ended December 31, 2015
ParentSubsidiary IssuerGuarantor SubsidiariesNon-guarantor SubsidiariesEliminationsConsolidated
millions of Canadian dollars
Net cash provided by (used in) operating activities$291$-$190$364$(171)$674
Investing activities
Additions to property, plant and equipment(7)-(66)(354)-(427)
Net purchase of investments subject to significant influence, inclusive of acquisition costs(1)-(3)(132)-(136)
Proceeds on sale of investment subject to significant influence--282--282
Other intercompany investing activities(2,453)--(29)2,482-
Other investing activities(751)-(10)(413)1,331157
Net cash provided by (used in) investing activities(3,212)-203(928)3,813(124)
Financing activities
Change in short-term debt, net4--(262)(4)(262)
Proceeds from long-term debt, net of issuance costs--291,465(1,048)446
Proceeds from convertible debentures represented by instalment receipts, net of issuance costs 2,138--(1,457)-681
Retirement of long-term debt--(420)(372)702(90)
Net borrowings (repayments) under committed credit facilities(39)-(9)(153)-(201)
Issuance of common stock, net of issuance costs9--2,390(2,390)9
Issuance of preferred stock, net of issuance costs---6(6)-
Dividends on common stock(162)--(162)162(162)
Dividends on preferred stock(30)-(15)(25)40(30)
Dividends paid by subsidiaries to non-controlling interest---(3)(11)(14)
Other financing activities 1,001-(11)(55)(1,091)(156)
Net cash provided by (used in) financing activities2,921-(426)1,372(3,646)221
Effect of exchange rate changes on cash and cash equivalents--1467-81
Net increase (decrease) in cash and cash equivalents--(19)875(4)852
Cash and cash equivalents, beginning of period--38193(10)221
Cash and cash equivalents, end of period$-$-$19$1,068$(14)$1,073