TRANSACTIONS WITH RELATED PARTIES The Company enters into transactions with Emera Inc. and other subsidiaries or investments of Emera Inc. in the normal course of operations. NSPI's related parties include investments accounted for using t...
AI summary NSPI engages in transactions with related parties, including Emera Inc. and its subsidiaries, as part of normal operations. These transactions are governed by an Affiliate Code of Conduct approved by the NSEB. Related parties include entities such as Emera Energy Inc., NSPML, and WTI equity investments.
NSPI has a contractual obligation to pay NSPML, a related party, for the use of the Maritime Link over approximately 38 years from its January 15, 2018, in-service date. On December 23, 2025, NSPML received an Interim Order from the NSEB t...
AI summary NSPI has a long-term contractual obligation to pay NSPML for the use of the Maritime Link. An interim order allows NSPML to collect up to $199 million from NSPI in 2026, with a monthly holdback. NSPI's debt and future interest payments are based on current rates, and it has various commitments and obligations, including payments to IESO Nova Scotia starting in February 2026.
Transactions between the Company and its related parties reported in the Condensed Consolidated Statements of Income and Condensed Consolidated Balance Sheets are as follows: For the Three months ended millions of dollars March 31 Nature o...
AI summary The text outlines transactions between the Company and related parties, including sales and purchases of services and energy, and details the issuance of shares by NSPI to Emera. It also notes the absence of capital returns to Emera in 2026, contrasting with 2025.