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Common Stock | 12 Months Ended
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Dec. 31, 2024
Common Stock [Abstract] |
Common Stock | 12. COMMON STOCK Authorized : Unlimited number of non-par value common shares. 2024 2023 Issued and outstanding: millions of shares millions of dollars millions of shares millions of dollars Balance, January 1 284.12 $ 8,462 269.95 $ 7,762 Issuance of common stock under ATM program (1)(2) 5.12 261 8.29 397 Issued under the DRIP, net of discounts 6.10 291 5.26 272 Senior management stock options exercised and Employee Share Purchase Plan 0.60 28 0.62 31 Balance, December 31 295.94 $ 9,042 284.12 $ 8,462 (1) For the year ended December 31, 2023, a total of 8,287,037 common shares were issued under Emera's ATM program at an average price of $ 48.27 per share for gross proceeds of $ 400 million ($ 397 million net of after-tax issuance costs). (2) For the year ended December 31, 2024, a total of 5,117,273 common shares were issued under Emera's ATM program at an average price of $ 51.52 per share for gross proceeds of $ 264 million ($ 261 million net of after-tax issuance costs). As at December 31, 2024, an aggregate gross sales limit of $ 336 million remained available for issuance under the ATM program. As at December 31, 2024, the following common shares were reserved for issuance: 6 million (2023 – 6 million) under the senior management stock option plan, 2 million (2023 – 2 million) under the employee common share purchase plan and 12 million (2023 – 18 million) under the DRIP. The issuance of common shares under the common share compensation arrangements does not allow the plans to exceed 10 per cent of Emera's outstanding common shares. As at December 31, 2024, Emera was in compliance with this requirement. ATM Equity Program On November 18, 2024, Emera increased the size of the ATM Program to allow the Company to issue up to $ 1 billion of common shares from treasury to the public from time to time, at the Company's discretion, at the prevailing market price. The ATM Program was increased by an amendment dated November 18, 2024 to its prospectus supplement dated November 14, 2023 and an amendment dated November 13, 2024 to its short form base shelf prospectus dated October 3, 2023.

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