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Common Stock (Tables)
 12 Months Ended
Dec. 31, 2022
11. Common Stock  
Common Stock
Authorized
:
 
Unlimited number of non-par value common shares.
2022
2021
Issued and outstanding:
millions
of shares
 
millions of
dollars
millions of
shares
 
millions of
dollars
Balance, December 31, 2021
 
261.07
$
 
7,242
 
251.43
$
 
6,705
Issuance of common stock under ATM program
(1)(2)
 
4.07
 
248
 
4.99
 
284
Issued under the DRIP,
 
net of discounts
 
4.21
 
238
 
3.90
 
215
Senior management stock options exercised and Employee Share
Purchase Plan
 
0.60
 
34
 
0.75
 
38
Balance, December 31, 2022
 
269.95
$
 
7,762
 
261.07
$
 
7,242
(1) As at December 31, 2021, a total of
4,987,123
 
common shares were issued under Emera's ATM
 
program at an average price of
$
57.63
 
per share for gross proceeds of $
287
 
million ($
284
 
million net of after-tax issuance costs).
(2) For the year ended December 31, 2022,
4,072,469
 
common shares were issued under Emera's ATM
 
program at an average price
of $
61.31
 
per share for gross proceeds of $
250
 
million ($
248
 
million net of after-tax issuance costs).