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Revenue
 12 Months Ended
Dec. 31, 2022
6. Revenue  
Revenue
6.
 
REVENUE
The following disaggregates the Company’s revenue by major source:
Electric
Gas
Other
Florida
Canadian
Other
 
Gas Utilities
Inter-
Electric
Electric
Electric
and
 
Segment
millions of dollars
Utility
Utilities
Utilities
Infrastructure
Other
Eliminations
Total
For the year ended December 31, 2022
 
Regulated Revenue
Residential
$
 
1,799
$
 
834
$
 
184
$
 
800
$
-
 
$
-
 
$
 
3,617
Commercial
 
869
 
427
 
282
 
461
-
 
-
 
 
2,039
Industrial
 
230
 
353
 
32
 
83
-
 
(7)
 
691
Other regulatory deferrals
 
371
 
28
 
12
-
 
-
 
-
 
 
411
Other (1)
 
 
18
 
33
 
8
 
283
-
 
(7)
 
335
Finance income (2)(3)
-
 
-
 
-
 
 
61
-
 
 
61
 
Regulated revenue
$
 
3,287
$
 
1,675
$
 
518
$
 
1,688
$
-
 
$
(14)
$
 
7,154
Non-Regulated Revenue
Marketing and trading margin (4)
-
 
-
 
-
 
-
 
 
143
-
 
 
143
Other non-regulated operating
revenue
-
 
-
 
-
 
 
16
 
16
(10)
 
22
Mark-to-market (3)
-
 
-
 
-
 
-
 
 
281
(12)
 
269
 
Non-regulated revenue
$
-
 
$
-
 
$
-
 
$
 
16
$
 
440
$
(22)
$
 
434
Total operating revenues
$
 
3,287
$
 
1,675
$
 
518
$
 
1,704
$
 
440
$
(36)
$
 
7,588
For the year ended December 31, 2021
 
Regulated Revenue
Residential
$
 
1,449
$
 
797
$
 
165
$
 
642
$
-
 
$
-
 
$
 
3,053
Commercial
 
754
 
407
 
232
 
379
-
 
-
 
 
1,772
Industrial
 
215
 
237
 
26
 
65
-
 
(2)
 
541
Other regulatory deferrals
 
289
 
27
 
7
-
 
-
 
-
 
 
323
Other (1)
 
 
17
 
33
 
15
 
122
-
 
(8)
 
179
Finance income (2)(3)
-
 
-
 
-
 
 
58
-
 
-
 
 
58
 
Regulated revenue
$
 
2,724
$
 
1,501
$
 
445
$
 
1,266
$
-
 
$
(10)
 
5,926
Non-Regulated
 
Marketing and trading margin (4)
-
 
-
 
-
 
-
 
 
102
-
 
 
102
Other non-regulated operating
revenue
-
 
-
 
-
 
 
14
 
30
(21)
 
23
Mark-to-market (3)
-
 
-
 
-
 
-
 
(289)
 
3
(286)
 
Non-regulated revenue
$
-
 
$
-
 
$
-
 
$
 
14
$
(157)
$
(18)
(161)
Total operating revenues
$
 
2,724
$
 
1,501
$
 
445
$
 
1,280
$
(157)
$
(28)
$
 
5,765
(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, 2022, the
aggregate amount of the transaction price allocated to remaining performance obligations was $
450
million (2021 – $
437
 
million). This amount includes $
144
 
million of future performance obligations related
to a gas transportation contract between SeaCoast and PGS through 2040. 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
2042
.