Topic:"Affiliate Transactions" in M12779

The Company enters into transactions with related parties in the normal course of operations. All related party transactions are recorded at the exchange amounts, being the amounts agreed upon by the two parties, which are governed by an A...

AI summary The document outlines the Company's related party transactions, noting that they are recorded at agreed-upon exchange amounts governed by an Affiliate Code of Conduct approved by the NSEB. NSPML is a subsidiary of Emera Newfoundland and Labrador Holdings, which is part of the Emera group.

For the Year ended millions of Canadian dollars December 31 Nature of Service Presentation 2025 2024 Purchases: Emera and Corporate support & shared affiliates services OM&G $ 1.8 $ 2.1 Note 15 provides detail of changes in common stock wi...

AI summary The table shows purchases of corporate support and shared services from Emera and its affiliates for the years ended December 31, 2025 and 2024, with amounts of $1.8 million and $2.1 million respectively. Note 15 provides further details on changes in common stock with related parties.

NLH (including its wholly owned subsidiaries) is deemed to be a related party as it has authority over the majority of the direct activities that are expected to most significantly impact the economic performance of the Project. During the...

AI summary NLH, a related party with authority over significant project activities, received payments from NSPML for operational and general costs during 2025. The amount was $0.3 million, a decrease from $0.4 million in 2024.

10 Due from Related Parties (in $millions) Affiliate Description Audited Statement Balance Regulated Statement Balance NSPI Holdback - July 2024 1.1 1.1 Holdback - August 2024 4.0 4.0 Holdback - September 2024 3.8 3.8 Holdback - October 20...

AI summary The table shows the amounts due from related parties, specifically NSPI and Emera Inc., with details on holdbacks and regulated adjustments. These figures are presented in millions of dollars and include balances from audited and regulated statements.

NON-CONFIDENTIAL Due to Related Parties (in $millions) Affiliate Description Audited Statement Balance Regulated Statement Balance NSPI IT SLA & Corporate Support 1.1 1.1 Return of funds - unspent operating cost per M12394 1.2 1.2 2.3 2.3...

AI summary The table outlines affiliate transactions involving NSPI and Emera Inc., detailing items such as IT SLA, corporate support, payroll, insurance, rent, and submarine cable protection payments. The amounts listed are consistent across audited and regulated statement balances, totaling $17.3 million.

Request IR-3: - Please provide a detailed breakdown of all balances due to and from related parties and reconcile - differences between the presentation of these balances in the regulated and consolidated - financial statements.

AI summary Request IR-3 seeks a detailed breakdown of balances due to and from related parties, along with reconciliation of differences in their presentation between regulated and consolidated financial statements.