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Segmented information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segmented information Segmented information
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 is 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, unrealized portion of any gains or losses on derivative instruments not designated in a hedging relationship and foreign exchange gains and losses are not considered in management’s evaluation of divisional performance and are therefore, allocated and reported under corporate.
Beginning in the first quarter of 2021, the Company reported income and losses associated with development activities under corporate, as these are no longer considered in management’s evaluation of the Renewable Energy Group where it was reported previously. Comparative figures have been reclassified to conform to presentation adopted in the current period.
 Three months ended June 30, 2021
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$444,864 $82,262 $397 $527,523 
Fuel, power and water purchased148,403 6,061 — 154,464 
Net revenue296,461 76,201 397 373,059 
Operating expenses144,774 25,204 — 169,978 
Administrative expenses (recovery)11,561 7,303 (638)18,226 
Depreciation and amortization67,520 30,369 272 98,161 
Loss on foreign exchange— — 1,283 1,283 
Operating income (loss)72,606 13,325 (520)85,411 
Interest expense(27,114)(20,452)(10,616)(58,182)
Income from long-term investments9,695 25,988 24,823 60,506 
Other expenses(4,155)(2,778)(95)(7,028)
Earnings before income taxes$51,032 $16,083 $13,592 $80,707 
Capital expenditures$341,431 $66,312 $— $407,743 
(1) Renewable Energy Group revenue includes $4,996 related to net hedging gains from energy derivative contracts and availability credits for the three-months period ended June 30, 2021 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $5,118 related to alternative revenue programs for the three-months period ended June 30, 2021 that do not represent revenue recognized from contracts with customers.
18.Segmented information (continued)
 Three months ended June 30, 2020
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$279,458 $64,180 $— $343,638 
Fuel, power and water purchased65,358 2,741 — 68,099 
Net revenue214,100 61,439 — 275,539 
Operating expenses105,067 17,871 — 122,938 
Administrative expenses9,198 8,052 635 17,885 
Depreciation and amortization52,629 22,803 235 75,667 
Gain on foreign exchange— — (24)(24)
Operating income (loss)47,206 12,713 (846)59,073 
Interest expense(24,097)(13,618)(7,103)(44,818)
Income from long-term investments2,962 23,839 308,008 334,809 
Other expenses(19,695)(883)(8,590)(29,168)
Earnings before income taxes$6,376 $22,051 $291,469 $319,896 
Capital expenditures$157,641 $28,766 $— $186,407 
(1) Renewable Energy Group revenue includes $7,447 related to net hedging gains from energy derivative contracts for the three-months period ended June 30, 2020 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $4,761 related to alternative revenue programs for the three-months period ended June 30, 2020 that do not represent revenue recognized from contracts with customers.
18.Segmented information (continued)
 Six months ended June 30, 2021
Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$1,043,467 $117,815 $783 $1,162,065 
Fuel, power and water purchased393,925 13,989 — 407,914 
Net revenue649,542 103,826 783 754,151 
Operating expenses297,910 53,229 — 351,139 
Administrative expenses19,101 13,486 1,178 33,765 
Depreciation and amortization135,087 59,947 566 195,600 
Loss on foreign exchange— — 2,145 2,145 
Operating income (loss)197,444 (22,836)(3,106)171,502 
Interest expense(51,415)(36,745)(19,602)(107,762)
Income (loss) from long-term investments10,869 48,405 (49,275)9,999 
Other expenses(12,646)(3,654)(1,707)(18,007)
Earnings (loss) before income taxes$144,252 $(14,830)$(73,690)$55,732 
Property, plant and equipment$7,110,770 $3,763,057 $31,446 $10,905,273 
Investments carried at fair value2,499 1,926,629 — 1,929,128 
Equity-method investees11,548 252,703 — 264,251 
Total assets10,148,986 6,187,072 117,593 16,453,651 
Capital expenditures$553,950 $149,182 $— $703,132 
(1) Renewable Energy Group revenue includes $44,587 related to net hedging losses from energy derivative contracts and availability credits for the six-months period ended June 30, 2021 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $7,479 related to alternative revenue programs for the six-months period ended June 30, 2021 that do not represent revenue recognized from contracts with customers.
18.Segmented information (continued)
 Six months ended June 30, 2020
Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$675,518 $133,021 $— $808,539 
Fuel, power and water purchased188,455 6,745 — 195,200 
Net revenue487,063 126,276 — 613,339 
Operating expenses213,434 36,238 — 249,672 
Administrative expenses18,685 14,258 1,776 34,719 
Depreciation and amortization105,639 48,431 477 154,547 
Gain on foreign exchange— — (4,694)(4,694)
Operating income149,305 27,349 2,441 179,095 
Interest expense(48,937)(28,097)(14,032)(91,066)
Income from long-term investments5,610 47,605 118,933 172,148 
Other expenses(24,692)(49)(8,616)(33,357)
Earnings before income taxes$81,286 $46,808 $98,726 $226,820 
Capital expenditures$297,273 $45,036 $— $342,309 
December 31, 2020
Property, plant and equipment$5,757,532 $2,451,706 $32,600 $8,241,838 
Investments carried at fair value— 1,839,212 — 1,839,212 
Equity-method investees74,673 110,414 1,365 186,452 
Total assets8,528,415 4,586,878 108,856 13,224,149 
(1) Renewable Energy Group revenue includes $16,739 related to net hedging gains from energy derivative contracts for the six-months period ended June 30, 2020 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $7,730 related to alternative revenue programs for the six-months period ended June 30, 2020 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.
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:
Three months ended June 30Six months ended June 30
2021202020212020
Revenue
United States$415,431 $309,715 $927,258 $726,871 
Canada35,951 33,923 83,803 81,668 
Other regions76,141 — 151,004 — 
$527,523 $343,638 $1,162,065 $808,539 
Revenue is attributed to the regions based on the location of the underlying generating and utility facilities.