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Revenue
 12 Months Ended
Dec. 31, 2023
Revenue [Abstract]  
Revenue
5.
 
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, 2023
 
Regulated Revenue
Residential
$
 
2,307
$
 
910
$
 
183
$
 
724
$
-
 
$
-
 
$
 
4,124
Commercial
 
1,083
 
463
 
285
 
425
-
 
-
 
 
2,256
Industrial
 
274
 
219
 
33
 
93
-
 
(13)
 
606
Other electric
 
395
 
41
 
7
-
 
-
 
-
 
 
443
Regulatory deferrals
(522)
-
 
 
12
-
 
-
 
-
 
(510)
Other (1)
 
 
19
 
38
 
6
 
199
-
 
(8)
 
254
Finance income (2)(3)
-
 
-
 
-
 
 
62
-
 
 
62
 
Regulated revenue
$
 
3,556
$
 
1,671
$
 
526
$
 
1,503
$
-
 
$
(21)
$
 
7,235
Non-Regulated Revenue
Marketing and trading margin (4)
-
 
-
 
-
 
-
 
 
96
-
 
 
96
Other non-regulated operating
revenue
-
 
-
 
-
 
 
21
 
27
(23)
 
25
Mark-to-market (3)
-
 
-
 
-
 
-
 
 
216
(9)
 
207
 
Non-regulated revenue
$
-
 
$
-
 
$
-
 
$
 
21
$
 
339
$
(32)
$
 
328
Total operating revenues
$
 
3,556
$
 
1,671
$
 
526
$
 
1,524
$
 
339
$
(53)
$
 
7,563
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 electric
 
398
 
28
 
6
-
 
-
 
-
 
 
432
Regulatory deferrals
(27)
-
 
 
6
-
 
-
 
-
 
(21)
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
 
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
(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, 2023, the
aggregate amount of the transaction price allocated to remaining performance obligations was $
488
million (2022 – $
450
 
million). This amount includes $
134
 
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
2043
.