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Revenue | 12 Months Ended
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Dec. 31, 2024
Revenue [Abstract] |
Revenue | 6. 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, 2024 Regulated Revenue Residential $ 2,063 $ 997 $ 203 $ 712 $ - $ - $ 3,975 Commercial 939 499 300 496 - - 2,234 Industrial 223 276 28 94 - (14) 607 Other electric 372 41 7 - - - 420 Regulatory deferrals (157) - 15 - - - (142) Other (1) 20 42 13 224 - (9) 290 Finance income (2)(3) - - - 63 - 63 Regulated revenue $ 3,460 $ 1,855 $ 566 $ 1,589 $ - $ (23) $ 7,447 Non-Regulated Revenue Marketing and trading margin (4) - - - - 77 - 77 Other non-regulated operating revenue - - - 20 32 (24) 28 Mark-to-market (3) - - - - (357) 5 (352) Non-regulated revenue $ - $ - $ - $ 20 $ (248) $ (19) $ (247) Total operating revenues $ 3,460 $ 1,855 $ 566 $ 1,609 $ (248) $ (42) $ 7,200 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 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 (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, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $ 495 million (2023 – $ 488 million), including $ 3 million related to NMGC. This amount includes $ 135 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 2044 .

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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