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Segmented information
 12 Months Ended
Dec. 31, 2023
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, water distribution and wastewater collection, and natural gas utility systems and transmission operations in the United States, Canada, Bermuda and Chile; the Renewable Energy Group, the Company’s non-regulated operating unit, owns and operates, or has investments in, a diversified portfolio of renewable and thermal energy generation assets.
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 SAWS 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.

 
Year ended December 31, 2023
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$2,315,722 $296,314 $— $2,612,036 
Other revenue51,137 33,395 1,447 85,979 
Fuel, power and water purchased716,446 19,499 — 735,945 
Net revenue1,650,413 310,210 1,447 1,962,070 
Operating expenses786,608 119,013 1,364 906,985 
Administrative expenses46,386 36,554 7,419 90,359 
Depreciation and amortization346,188 119,576 1,232 466,996 
Asset impairment charge
— 23,492 — 23,492 
Loss on foreign exchange— — 8,359 8,359 
Operating income (loss)471,231 11,575 (16,927)465,879 
Interest expense(160,998)(61,261)(131,397)(353,656)
Income (loss) from long-term investments44,953 102,188 (230,705)(83,564)
Other expenses(121,146)(4,002)(23,116)(148,264)
Earnings (loss) before income taxes$234,040 $48,500 $(402,145)$(119,605)
Property, plant and equipment$8,945,637 $3,539,069 $32,744 $12,517,450 
Investments carried at fair value1,962 1,113,767 — 1,115,729 
Equity-method investees112,180 343,712 501 456,393 
Total assets12,658,955 5,367,011 347,995 18,373,961 
Capital expenditures$816,788 $209,383 $— $1,026,171 
(1) Renewable Energy Group revenue includes $5,695 related to net hedging gain from energy derivative contracts and availability credits for the year ended December 31, 2023 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $32,839 related to alternative revenue programs for the year ended December 31, 2023 that do not represent revenue recognized from contracts with customers.
21.Segmented information (continued)
 
Year ended December 31, 2022
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$2,330,039 $350,797 $— $2,680,836 
Other revenue54,229 28,447 1,501 84,177 
Fuel and power purchased824,670 41,684 — 866,354 
Net revenue1,559,598 337,560 1,501 1,898,659 
Operating expenses736,515 114,463 511 851,489 
Administrative expenses46,484 26,424 7,324 80,232 
Depreciation and amortization317,300 137,203 1,017 455,520 
Asset impairment charge
— 159,568 — 159,568 
Loss on foreign exchange— — 13,833 13,833 
459,299 (100,098)(21,184)338,017 
Gain on sale of renewable assets— 64,028 — 64,028 
Operating income (loss)459,299 (36,070)(21,184)402,045 
Interest expense(113,482)(64,285)(100,807)(278,574)
Income (loss) from long-term investments21,884 15,254 (502,344)(465,206)
Other expenses(14,765)(570)(12,598)(27,933)
Earnings (loss) before income taxes$352,936 $(85,671)$(636,933)$(369,668)
Property, plant and equipment$8,554,938 $3,360,687 $29,260 $11,944,885 
Investments carried at fair value1,984 1,342,223 — 1,344,207 
Equity-method investees56,199 310,103 15,500 381,802 
Total assets12,109,575 5,251,933 266,105 17,627,613 
Capital expenditures$908,676 $180,348 $— $1,089,024 
(1) Renewable Energy Group revenue includes $63,717 related to net hedging loss from energy derivative contracts for the year ended December 31, 2022 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $21,640 related to alternative revenue programs for the year ended December 31, 2022 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.
21.Segmented information (continued)
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:
20232022
Revenue
United States$2,169,239 $2,232,817 
Canada162,740 175,005 
Other regions366,036 357,191 
$2,698,015 $2,765,013 
Property, plant and equipment
United States$10,826,738 $10,351,736 
Canada924,389 848,560 
Other regions766,323 744,589 
$12,517,450 $11,944,885 
Intangible assets
United States$18,666 $18,818 
Canada18,111 19,038 
Other regions57,161 58,827 
$93,938 $96,683 
Revenue is attributed to the regions based on the location of the underlying generating and utility facilities.