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Investments Subject to Significant Influence and Equity Income (Tables) | 12 Months Ended
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Dec. 31, 2024
Variable Interest Entity [Line Items] |
Summary of Investments Subject to Significant Influence | Equity Income Percentage Carrying Value For the year ended of As at December 31 December 31 Ownership millions of dollars 2024 2023 2024 2023 2024 NSPML $ 475 $ 489 $ 44 $ 46 100.0 M&NP (1) 124 118 20 21 12.9 Lucelec (1) 55 48 4 4 19.5 LIL (2) - 747 29 63 - Bear Swamp (3) - - 2 12 50.0 $ 654 $ 1,402 $ 99 $ 146 (1) Emera has significant influence over the operating and financial decisions of these companies through Board representation and therefore, records its investment in these entities using the equity method. (2) On June 4, 2024, Emera completed the sale of its equity interest in the LIL. For further details, refer to note 4. (3) The investment balance in Bear Swamp is in a credit position primarily as a result of a $ 179 million distribution received in 2015. Bear Swamp's credit investment balance of $ 92 million (2023 – $ 81 million) is recorded in Other long-term liabilities on the Consolidated Balance Sheets.
NSP Maritime Link Inc. [Member] |
Variable Interest Entity [Line Items] |
Summary of Investments Subject to Significant Influence | Emera accounts for its variable interest investment in NSPML as an equity investment (note 33). NSPML's consolidated summarized balance sheets are illustrated as follows: As at December 31 December 31 millions of dollars 2024 2023 Balance Sheets Current assets $ 37 $ 21 PP&E 1,425 1,473 Regulatory assets (1) 778 272 Non-current assets 27 29 Total assets $ 2,267 $ 1,795 Current liabilities $ 55 $ 48 Long-term debt (2) 1,570 1,109 Non-current liabilities 167 149 Equity 475 489 Total liabilities and equity $ 2,267 $ 1,795 (1) On November 29, 2024, the UARB approved the creation of a $ 500 million regulatory asset for debt issued as a result of the FLG. For further details, refer to note 7. (2) On December 16, 2024, NSPML issued a $ 500 million bond under the FLG. For further details refer to note 7.

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