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Regulatory Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2024
Regulatory Assets and Liabilities [Abstract] |
Regulatory Assets | As at December 31 December 31 millions of dollars 2024 (1) 2023 Regulatory assets Deferred income tax regulatory assets $ 1,227 $ 1,233 TEC capital cost recovery for early retired assets 737 671 Storm cost recovery clauses 613 52 Pension and post-retirement medical plan 395 364 TEC capital cost recovery for retired Polk Unit 1 components 205 - Deferrals related to derivative instruments 42 88 Cost recovery clauses 33 151 Environmental remediations 29 26 Stranded cost recovery 27 25 NSPI FAM - 395 Other (2) 119 100 $ 3,427 $ 3,105 Current $ 595 $ 339 Long-term 2,832 2,766 Total regulatory assets $ 3,427 $ 3,105 Regulatory liabilities Deferred income tax regulatory liabilities 828 830 Accumulated reserve – COR 733 849 Cost recovery clauses 121 32 NSPI FAM 56 - Deferrals related to derivative instruments 44 17 BLPC Self-insurance fund ("SIF") (note 33) 32 29 Other (2) 66 15 $ 1,880 $ 1,772 Current $ 262 $ 168 Long-term 1,618 1,604 Total regulatory liabilities $ 1,880 $ 1,772 (1) On August 5, 2024, Emera announced an agreement to sell NMGC. As at December 31, 2024, NMGC's assets and liabilities were classified as held for sale and excluded from the table above. For further details on the pending transaction, refer to note 4. (2) Comprised of regulatory assets and liabilities that are not individually significant.
Regulatory Liabilities | As at December 31 December 31 millions of dollars 2024 (1) 2023 Regulatory assets Deferred income tax regulatory assets $ 1,227 $ 1,233 TEC capital cost recovery for early retired assets 737 671 Storm cost recovery clauses 613 52 Pension and post-retirement medical plan 395 364 TEC capital cost recovery for retired Polk Unit 1 components 205 - Deferrals related to derivative instruments 42 88 Cost recovery clauses 33 151 Environmental remediations 29 26 Stranded cost recovery 27 25 NSPI FAM - 395 Other (2) 119 100 $ 3,427 $ 3,105 Current $ 595 $ 339 Long-term 2,832 2,766 Total regulatory assets $ 3,427 $ 3,105 Regulatory liabilities Deferred income tax regulatory liabilities 828 830 Accumulated reserve – COR 733 849 Cost recovery clauses 121 32 NSPI FAM 56 - Deferrals related to derivative instruments 44 17 BLPC Self-insurance fund ("SIF") (note 33) 32 29 Other (2) 66 15 $ 1,880 $ 1,772 Current $ 262 $ 168 Long-term 1,618 1,604 Total regulatory liabilities $ 1,880 $ 1,772 (1) On August 5, 2024, Emera announced an agreement to sell NMGC. As at December 31, 2024, NMGC's assets and liabilities were classified as held for sale and excluded from the table above. For further details on the pending transaction, refer to note 4. (2) Comprised of regulatory assets and liabilities that are not individually significant.

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- Definition Tabular disclosure of assets that are created when regulatory agencies permit public utilities to defer certain costs included in rate-setting to the balance sheet. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 980 -SubTopic 340 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478742/980-340-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 980 -SubTopic 715 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478574/980-715-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478742/980-340-50-2 + Details
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- Definition Tabular disclosure of regulatory liabilities. Detailed information about liabilities that result from rate actions of a regulator. Rate actions of a regulator can impose a liability on a regulated enterprise resulting in a regulatory liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 980 -SubTopic 405 -Name Accounting Standards Codification -Section 25 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477571/980-405-25-1 + Details
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