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Common Stock (Tables)
12 Months Ended
Dec. 31, 2020
11. Common Stock  
Common Stock
Authorized: Unlimited number of non-par value common shares.
20202019
Issued and outstanding:millions of shares millions of Canadian dollarsmillions of shares millions of Canadian dollars
Balance, December 31, 2019 242.48$ 6,216 234.12$ 5,816
Conversion of Convertible Debentures - - 0.03 1
Issuance of common stock (1)(2) 4.54 251 1.77 99
Issued under Purchase Plans at market rate 3.99 219 3.99 202
Discount on shares purchased under Dividend Reinvestment Plan - (4) - (7)
Options exercised under senior management share option plan 0.42 20 2.57 104
Employee Share Purchase Plan - 3 - 1
Balance, December 31, 2020 251.43$ 6,705 242.48$ 6,216
(1) As at December 31, 2019, a total of 1,768,120 common shares were issued under Emera's at-the-market program ("ATM program") at an average price of $56.56 per share for gross proceeds of $100 million ($99 million net of issuance costs).
(2) For the year ended December 31, 2020, 4,544,025 common shares were issued under Emera's ATM program at an average price of $56.04 per share for gross proceeds of $255 million ($251 million net of issuance costs).