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 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
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The Company is managed under two primary business units consisting of the Regulated Services Group and the Renewable Energy Group. The two business units are the two segments of the Company.
The Regulated Services Group, the Company's regulated operating unit, owns and operates a portfolio of electric, natural gas, water distribution and wastewater collection utility systems and transmission operations in the United States, Canada, Chile and Bermuda; the Renewable Energy Group, the Company's non-regulated operating unit, owns and operates a diversified portfolio of renewable and thermal electric generation assets in North America and internationally.
For purposes of evaluating the performance of the business units, the Company allocates the realized portion of any gains or losses on financial instruments to the specific business units. Dividend income from Atlantica and AYES Canada are included in the operations of the Renewable Energy Group, while interest income from San Antonio Water System is included in the operations of the Regulated Services Group. Equity method gains and losses are included in the operations of the Regulated Services Group or Renewable Energy Group based on the nature of the activities of the investees. The change in value of investments carried at fair value and unrealized portion of any gains or losses on derivative instruments not designated in a hedging relationship are not considered in management’s evaluation of divisional performance and are therefore allocated and reported under corporate.
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 Year ended December 31, 2020
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$1,405,136 $270,398 $1,524 $1,677,058 
Fuel, power and water purchased384,363 16,645 — 401,008 
Net revenue1,020,773 253,753 1,524 1,276,050 
Operating expenses445,459 74,981 12 520,452 
Administrative expenses34,141 24,719 630 59,490 
Depreciation and amortization219,089 92,890 2,144 314,123 
Gain on foreign exchange— — (2,108)(2,108)
Operating income322,084 61,163 846 384,093 
Interest expense(99,161)(52,656)(30,117)(181,934)
Income from long-term investments7,753 96,652 560,266 664,671 
Other(40,128)(6,537)(27,754)(74,419)
Earnings before income taxes$190,548 $98,622 $503,241 $792,411 
Property, plant and equipment$5,757,532 $2,451,706 $32,600 $8,241,838 
Investments carried at fair value— 1,837,429 — 1,837,429 
Equity-method investees74,673 111,779 — 186,452 
Total assets8,528,172 4,589,521 106,213 13,223,906 
Capital expenditures$690,792 $80,746 $14,492 $786,030 
(1) Renewable Energy Group revenue includes $28,586 related to net hedging gains from energy derivative contracts and availability credits for the year ended December 31, 2020 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $24,928 related to alternative revenue programs for the year ended December 31, 2020 that do not represent revenue recognized from contracts with customers.
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 Year ended December 31, 2019
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$1,368,411 $256,510 $1,471 $1,626,392 
Fuel and power purchased426,046 17,258 — 443,304 
Net revenue942,365 239,252 1,471 1,183,088 
Operating expenses397,092 74,676 221 471,989 
Administrative expenses36,667 19,366 769 56,802 
Depreciation and amortization194,766 88,557 981 284,304 
Loss on foreign exchange— — 3,146 3,146 
Operating income313,840 56,653 (3,646)366,847 
Interest expense(101,518)(61,039)(18,931)(181,488)
Income from long-term investments9,334 104,025 284,262 397,621 
Other(32,297)15,951 (11,567)(27,913)
Earnings before income taxes$189,359 $115,590 $250,118 $555,067 
Property, plant and equipment$4,763,689 $2,444,382 $32,909 $7,240,980 
Investments carried at fair value27,072 1,267,075 — 1,294,147 
Equity-method investees29,827 52,284 — 82,111 
Total assets6,825,379 4,014,067 81,340 10,920,786 
Capital expenditures$478,936 $102,396 $— $581,332 
(1) Renewable Energy Group revenue includes $22,282 related to net hedging gains from energy derivative contracts for the year ended December 31, 2019 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $(4,405) related to alternative revenue programs for the year ended December 31, 2019 that do not represent revenue recognized from contracts with customers.
The majority of non-regulated energy sales are earned from contracts with large public utilities. The Company has sought to mitigate its credit risk by selling energy to large utilities in various North American locations. None of the utilities contribute more than 10% of total revenue.
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AQN operates in the independent power and utility industries in the United States, Canada and other regions. Information on operations by geographic area is as follows:
20202019
Revenue
United States$1,475,087 $1,537,695 
Canada153,569 88,697 
Other regions48,402 — 
$1,677,058 $1,626,392 
Property, plant and equipment
United States$6,666,015 $6,488,964 
Canada884,195 752,016 
Other regions691,628 — 
$8,241,838 $7,240,980 
Intangible assets
United States$24,825 $23,821 
Canada23,123 23,795 
Other regions66,965 — 
$114,913 $47,616 
Revenue is attributed to the regions based on the location of the underlying generating and utility facilities.