Revenue

12 Months Ended

Dec. 31, 2019

6. REVENUE

The following disaggregates the Company’s revenue by major source:

	Florida		Canadian		Other		Gas Utilities				Inter-
	Electric		Electric		Electric		and				Segment
millions of Canadian dollars	Utility		Utilities		Utilities		Infrastructure		Other		Eliminations		Total
For the year ended December 31, 2019
Regulated
Electric Revenue
Residential	$	1,387	$	746	$	276	$	-	$	-	$	-	$	2,409
Commercial		745		400		339		-		-		-		1,484
Industrial		207		210		44		-		-		-		461
Other electric and regulatory deferrals		246		45		13		-		-		-		304
Other (1)		22		29		72		-		-		(12)		111
Regulated electric revenue		2,607		1,430		744		-		-		(12)		4,769
Gas Revenue
Residential		-		-		-		502		-		-		502
Commercial		-		-		-		298		-		-		298
Industrial		-		-		-		50		-		-		50
Finance income (2)(3)		-		-		-		60		-		-		60
Other		-		-		-		193		-		(22)		171
Regulated gas revenue		-		-		-		1,103		-		(22)		1,081
Non-Regulated
Marketing and trading margin (4)		-		-		-		-		31		-		31
Energy sales (4)		-		-		-		-		80		(12)		68
Capacity		-		-		-		-		38		-		38
Other		-		-		-		16		31		(25)		22
Mark-to-market (3)		-		-		-		-		102		-		102
Non-regulated revenue		-		-		-		16		282		(37)		261
Total operating revenues	$	2,607	$	1,430	$	744	$	1,119	$	282	$	(71)	$	6,111
(1) Other includes rental revenues, which do not represent revenue from contracts with customers.
(2) Revenue related to Brunswick Pipeline's service agreement with Repsol Energy Canada.
(3) Revenue which does not represent revenues from contracts with customers.
(4) Includes gains (losses) on settlement of energy related derivatives, which do not represent revenue from contracts with customers.

	Florida		Canadian		Other		Gas Utilities				Inter-
	Electric		Electric		Electric		and				Segment
millions of Canadian dollars	Utility		Utilities		Utilities		Infrastructure		Other		Eliminations		Total
For the year ended December 31, 2018
Regulated
Electric Revenue
Residential	$	1,384	$	731	$	261	$	-	$	-	$	-	$	2,376
Commercial		755		405		350		-		-		-		1,510
Industrial		209		233		46		-		-		-		488
Other electric and regulatory deferrals		312		43		16		-		-		-		371
Other (1)		19		28		72		-		-		(12)		107
Regulated electric revenue		2,679		1,440		745		-		-		(12)		4,852
Gas Revenue
Residential		-		-		-		492		-		-		492
Commercial		-		-		-		291		-		-		291
Industrial		-		-		-		49		-		-		49
Finance income (2)(3)		-		-		-		57		-		-		57
Other		-		-		-		191		-		(36)		155
Regulated gas revenue		-		-		-		1,080		-		(36)		1,044
Non-Regulated
Marketing and trading margin (4)		-		-		-		-		115		-		115
Energy sales (4)		-		-		-		-		309		(16)		293
Capacity		-		-		-		-		136		-		136
Other		-		-		-		18		47		(35)		30
Mark-to-market (3)		-		-		-		-		54		-		54
Non-regulated revenue		-		-		-		18		661		(51)		628
Total operating revenues	$	2,679	$	1,440	$	745	$	1,098	$	661	$	(99)	$	6,524
(1) Other includes rental revenues, which do not represent revenue from contracts with customers.
(2) Revenue related to Brunswick Pipeline's service agreement with Repsol Energy Canada.
(3) Revenue which does not represent revenues from contracts with customers.
(4) Includes gains (losses) on settlement of energy related derivatives, which do not represent revenue from contracts with customers.

Remaining Performance Obligations

Remaining performance obligations primarily represent gas transportation contracts, lighting contracts and long-term steam supply arrangements with fixed contract terms. As of December 31, 2019, the aggregate amount of the transaction price allocated to remaining performance obligations was $347 million (2018 – $370 million). As allowed by the practical expedient in ASC 606, this amount excludes contracts with an original expected length of one year or less and variable amounts for which Emera recognizes revenue at the amount to which it has the right to invoice for services performed. Emera expects to recognize revenue for the remaining performance obligations through 2033.