XML 68 R50.htm IDEA: XBRL DOCUMENT v3.25.0.1
Investments Subject to Significant Influence and Equity Income (Tables)
 12 Months Ended
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.