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Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Regulated and Non-Regulated Assets
PP&E consisted of the following regulated and non-regulated
 
assets:
 
As at
December 31
December 31
millions of dollars
 
Estimated useful life
2024 (1)
2023
Generation
5
 
to
131
$
 
14,297
$
 
13,500
Transmission
10
 
to
80
 
3,106
 
2,835
Distribution
10
 
to
65
 
8,512
 
7,417
Gas transmission and distribution
15
 
to
75
 
4,658
 
5,536
General plant and other
 
(2)
2
 
to
60
 
3,078
 
2,985
Total
 
cost
 
33,651
 
32,273
Less: Accumulated depreciation
(2)
(10,442)
(9,994)
 
23,209
 
22,279
Construction work in progress
(2)
 
2,959
 
2,097
Net book value
$
 
26,168
$
 
24,376
(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) SeaCoast owns a
50
% undivided ownership interest in a jointly
 
owned
26
-mile pipeline lateral located in Florida, which went
 
into
service in 2020. At December 31, 2024, SeaCoast’s
 
share of plant in service was $
27
 
million USD (2023 – $
27
 
million USD), and
accumulated depreciation of $
3
 
million USD (2023 – $
2
 
million USD). SeaCoast’s undivided ownership interest
 
is financed with its
funds and all operations are accounted for as
 
if such participating interest were a wholly
 
owned facility. SeaCoast’s share of direct
expenses of the jointly owned pipeline is included
 
in "OM&G" in the Consolidated Statements
 
of Income.