XML 68 R53.htm IDEA: XBRL DOCUMENT v3.6.0.2
Common Stock (Tables)
12 Months Ended
Dec. 31, 2016
Common Stock [Abstract]  
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]
Authorized: Unlimited number of non-par value common shares.
20162015
Issued and outstanding:millions of shares millions of Canadian dollarsmillions of shares millions of Canadian dollars
Balance, January 1 147.21$ 2,157 143.78$ 2,016
Conversion of Convertible Debentures 51.99 2,115 - -
Issuance of common stock (1) 7.69 338 1.25 54
Issued for cash under Purchase Plans at market rate 2.51 115 2.10 88
Discount on shares purchased under Dividend Reinvestment Plan - (5) - (4)
Options exercised under senior management share option plan 0.62 17 0.08 2
Stock-based compensation - 1 - 1
Balance, December 31 210.02$ 4,738 147.21$ 2,157
(1) In Q1 2016, Emera issued 0.06 million common shares to facilitate the creation and issuance of 0.2 million depositary receipts in connection with the ECI amalgamation transaction. The depositary receipts are listed on the Barbados Stock Exchange. In addition, Emera completed an offering of 7.63 million common shares in December 2016, at $45.25 per common share, for net proceeds of approximately $345 million. The net proceeds were $335 million after $10 million of issuance costs, net of taxes.