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Related Party Transactions
 12 Months Ended
Dec. 31, 2022
17. Related Party Transactions  
Related Party Transactions
17.
 
RELATED PARTY
 
TRANSACTIONS
In the ordinary course of business, Emera provides energy and other services and enters into
transactions with its subsidiaries, associates and other related companies on terms similar to those
offered to non-related parties. Intercompany balances and intercompany transactions have been
eliminated on consolidation, except for the net profit on certain transactions between non-regulated and
regulated entities in accordance with accounting standards for rate-regulated entities. All material
amounts are under normal interest and credit terms.
 
Significant transactions between Emera and its associated companies are as follows:
●
 
Transactions between NSPI and NSPML related to the Maritime Link assessment are reported in the
Consolidated Statements of Income. NSPI’s expense is reported in Regulated fuel for generation and
purchased power, totalling $
157
 
million for the year ended December 31, 2022 (2021 – $
149
 
million).
NSPML is accounted for as an equity investment and therefore, the corresponding earnings related to
this revenue are reflected in Income from equity investments.
Natural gas transportation capacity purchases from M&NP are reported in the Consolidated
Statements of Income. Purchases from M&NP reported net in Operating revenues, Non-regulated,
totalled $
9
 
million for the year ended December 31, 2022 (2021
– $
19
 
million).
There were no significant receivables or payables between Emera and its associated companies reported
on Emera’s Consolidated Balance Sheets as at December 31, 2022 and at December 31, 2021.