XML 36 R18.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Investments Subject to Significant Influence and Equity Income | 12 Months Ended
--- | ---
Dec. 31, 2024
Investments Subject to Significant Influence and Equity Income [Abstract] |
Investments Subject to Significant Influence and Equity Income | 8. INVESTMENTS SUBJECT TO SIGNIFICANT INFLUENCE AND EQUITY INCOME 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. Equity investments include a $ 9 million difference between the cost and the underlying FV of the investees' assets as at the date of acquisition. The excess is attributable to goodwill. 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.

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
Name: | us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration