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Regulatory Assets and Liabilities (Tables)
12 Months Ended
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.