Topic:"Information Disclosure" in M12835

Financial Statements Nova Scotia Power Inc.

AI summary The document presents financial statements for Nova Scotia Power Inc., likely as part of a regulatory proceeding. The focus is on financial transparency and compliance with regulatory requirements, though specific figures or analyses are not detailed in the provided text.

Management's Responsibility for Financial Reporting The accompanying consolidated financial statements of Nova Scotia Power Inc. ("NSPI" or "the Company") and the information in the Management's Discussion & Analysis ("MD&A") are the respo...

AI summary Management of Nova Scotia Power Inc. (NSPI) is responsible for preparing consolidated financial statements and MD&A in accordance with US GAAP, ensuring accuracy through internal controls. The Board oversees financial reporting, approves statements, and engages external auditors like Ernst & Young LLP.

Opinion We have audited the consolidated financial statements of Nova Scotia Power Inc. and its subsidiary (the "Company"), which comprise the consolidated balance sheets as at December 31, 2025 and 2024, and the consolidated statements of...

AI summary The audit opinion confirms that Nova Scotia Power Inc. and its subsidiary's financial statements for 2025 and 2024 are fairly presented in accordance with USGAAP.

Responsibilities of management and those charged with governance for the consolidated financial statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with USGA...

AI summary Management is responsible for preparing consolidated financial statements in accordance with USGAAP, ensuring internal controls to prevent material misstatements, and assessing the company's going concern status. Those charged with governance oversee the financial reporting process.

Nova Scotia Power Inc. Consolidated Statements of Comprehensive Income For the Year ended December 31 millions of dollars 2025 2024 Net income $ 141 $ 160 Other comprehensive income Net change in unrecognized pension and post-retirement co...

AI summary Nova Scotia Power Inc. reported net income of $141 million for 2025, down from $160 million in 2024. Comprehensive income totaled $286 million in 2025, compared to $230 million in 2024, driven by changes in pension and post-retirement costs.

Improvements to Income Tax Disclosures The Company adopted Accounting Standard Update ("ASU") 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures, effective December 31, 2025. The standard enhances the transparency, d...

AI summary The Company adopted ASU 2023-09, enhancing income tax disclosure transparency by requiring consistent categories and jurisdictional disaggregation of tax payments. Effective December 31, 2025, this standard improves the reconciliation of statutory tax rates to actual provisions and tax rates, with additional disclosures in note 7.

Disaggregation of Income Statement Expenses In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting–Comprehensive Income–Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. T...

AI summary The FASB issued ASU 2024-03, requiring more detailed income statement expense disclosures, effective 2026 for annual reports and 2027 for interim reports. The Company is evaluating the impact of this standard update on its financial disclosures.

Management's Discussion & Analysis As at February 23, 2026 Management's Discussion & Analysis ("MD&A") provides a review of the results of operations of Nova Scotia Power Inc. during the fourth quarter of 2025 relative to the same quarter...

AI summary Nova Scotia Power Inc. (NSPI) provides a review of its financial results for Q4 2025 and FY2025 compared to prior years, noting adherence to USGAAP and regulatory oversight by the Nova Scotia Energy Board (NSEB). Financial reporting includes consolidated subsidiary NSPEMI, with all figures in Canadian dollars.

DISCLOSURE AND INTERNAL CONTROLS In accordance with National Instrument 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, the Chief Executive Officer and Chief Financial Officer of the Company will file a Venture...

AI summary The Company must file a Venture Issuer Basic Certificate under National Instrument 52-109, excluding representations on DC&P and ICFR. Certifying officers ensure processes are in place, but limitations may affect filing quality.

Improvements to Income Tax Disclosures The Company adopted Accounting Standard Update ("ASU") 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures, effective December 31, 2025. The standard enhances the transparency, d...

AI summary The Company adopted ASU 2023-09, enhancing income tax disclosure transparency by requiring consistent categories and jurisdictional disaggregation of tax payments. Effective December 31, 2025, this standard improves the reconciliation of statutory tax rates to actual provisions and tax rates, with additional disclosures in note 7.

2025 Annual Financial Statements Attachment 4 Page 20 of 24 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Nova Scotia Power Incorporated – Management Information Circular 2026

AI summary The document is the 2025 Annual Financial Statements Attachment 4 for Nova Scotia Power Incorporated (NSPI), including a Management Information Circular for 2026. It is part of a regulatory proceeding in Nova Scotia, focusing on financial reporting and corporate governance.

PRESENTATION OF INFORMATION Unless otherwise noted, the information contained in this AIF is given at or for the year ended December 31, 2025. Amounts are expressed in Canadian dollars unless otherwise indicated. All financial information...

AI summary The Annual Information File (AIF) for NSPI provides financial data as of December 31, 2025, following USGAAP. It outlines the structure of the document, including references to the MD&A section and external links for further information. Financial figures are presented in CAD, rounded to the nearest million.

ADDITIONAL INFORMATION Additional information relating to NSPI may be found on SEDAR+ at [www.sedarplus.ca](http://www.sedarplus.ca/) or upon request to the Corporate Secretary, NSPI, P.O. Box 910, Halifax, N.S., B3J 2W5, telephone (902) 2...

AI summary The document provides access points for additional information about NSPI, including SEDAR+ filings, the Corporate Secretary, and documents like the information circular, financial statements, and MD&A. It also mentions the availability of the Emera Code of Conduct.

2025 Annual Financial Statements Attachment 6 Page 4 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder inform...

AI summary The document outlines the 2025 Annual Financial Statements for Nova Scotia Power, including sections on Management's Discussion and Analysis, consolidated financial statements, leadership structure, and shareholder information. Key themes include financial reporting frameworks and corporate governance.

2025 Annual Financial Statements Attachment 6 Page 17 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document outlines the 2025 Annual Financial Statements for Emera, including sections like Strategic Overview, Management's Discussion and Analysis, and Consolidated Financial Statements, with confidential information redacted.

2025 Annual Financial Statements Attachment 6 Page 19 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document is a redacted attachment from the 2025 Annual Financial Statements, including sections like Strategic Overview, Management's Discussion and Analysis, and Consolidated Financial Statements, focusing on Emera's financial reporting and leadership structure.

2025 Annual Financial Statements Attachment 6 Page 29 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The 2025 Annual Financial Statements include sections such as Management's Discussion and Analysis (MD&A), Consolidated Financial Statements, and information on Emera's leadership and shareholder details. The document is part of a regulatory proceeding in Nova Scotia and contains redacted confidential information.

2025 Annual Financial Statements Attachment 6 Page 35 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document outlines the structure of the 2025 Annual Financial Statements, including sections like Strategic Overview, Management's Discussion and Analysis, and Consolidated Financial Statements. It notes that the content is redacted due to confidentiality, focusing on high-level organizational and shareholder information.

2025 Annual Financial Statements Attachment 6 Page 52 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary This redacted attachment from the 2025 Annual Financial Statements includes sections like Strategic Overview, Management's Discussion and Analysis (MD&A), Consolidated Financial Statements, and Shareholder information. It outlines key financial reporting components and governance structures for Emera and its subsidiaries.

Disclosure and Internal Controls Management is responsible for establishing and maintaining adequate disclosure controls and procedures ("DC&P") and internal control over financial reporting ("ICFR"), as defined in National Instrument 52-1...

AI summary Management is responsible for establishing disclosure controls and internal financial reporting controls, evaluated under NI 52-109 and the COSO framework. The Company's controls aim to ensure reliable USGAAP-compliant financial reporting, though inherent limitations may exist. Evaluation was conducted as of December 31, 2025, by the CEO and CFO.

2025 Annual Financial Statements Attachment 6 Page 65 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The 2025 Annual Financial Statements Attachment 6, part of a Nova Scotia regulatory proceeding, includes sections like Management's Discussion and Analysis (MD&A) and consolidated financial statements. Confidential information has been redacted, and the document outlines financial and strategic information for Emera and related entities.

2025 Annual Financial Statements Attachment 6 Page 71 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document includes sections on strategic overview, Management's Discussion and Analysis (MD&A), consolidated financial statements, Emera leadership, and shareholder information, with confidential details redacted.

2025 Annual Financial Statements Attachment 6 Page 82 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document outlines sections of the 2025 Annual Financial Statements, including strategic overview, management's discussion and analysis, consolidated financial statements, Emera leadership details, shareholder information, and notes to financial statements. It provides a high-level view of financial reporting and corporate structure.

2025 Annual Financial Statements Attachment 6 Page 88 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document is a redacted section of the 2025 Annual Financial Statements, including sections like Management's Discussion and Analysis and Consolidated Financial Statements, part of a Nova Scotia regulatory proceeding.

2025 Annual Financial Statements Attachment 6 Page 90 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document outlines the structure of the 2025 Annual Financial Statements, including sections such as Management's Discussion and Analysis, Consolidated Financial Statements, and Notes to the Financial Statements. It is part of a regulatory proceeding in Nova Scotia, with confidential information redacted.

2025 Annual Financial Statements Attachment 6 Page 106 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder info...

AI summary This redacted document contains sections of the 2025 Annual Financial Statements, including Management's Discussion and Analysis (MD&A), Consolidated Financial Statements, Emera Leadership and Board details, Shareholder information, and Notes to the Financial Statements. Confidential information has been removed.

2025 Annual Financial Statements Attachment 6 Page 110 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder info...

AI summary The document outlines the 2025 Annual Financial Statements for Nova Scotia Power, including sections on strategic overview, management's discussion and analysis, consolidated financial statements, and shareholder information. Confidential details have been redacted.

2025 Annual Financial Statements Attachment 6 Page 136 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder info...

AI summary The document outlines the 2025 Annual Financial Statements, including sections like Strategic Overview, Management's Discussion and Analysis, and Consolidated Financial Statements, with redacted confidential information.

2025 Annual Financial Statements Attachment 7 Page 1 of 2 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Changes to Chart of Accounts for Nova Scotia Power Inc. (Consolidated) These reflect the changes from the submission on December 31, 2024...

AI summary The document outlines changes to the Chart of Accounts for Nova Scotia Power Inc. from December 31, 2024, to December 31, 2025. It reflects updates to financial accounting structures, likely related to regulatory or internal reporting requirements.

CONFIDENTIALITY NOTICE The document you are attempting to access has been filed in confidence. Some exhibits, noted as confidential, contain information which if released might cause financial or other harm to the party filing it, or which...

AI summary The document is marked confidential, containing information that could cause financial harm if disclosed. Access requires a Confidentiality Agreement. The Nova Scotia Energy Board provides contact details for requesting access to the document, which is numbered 320036.

Opinion We have audited the consolidated financial statements of Nova Scotia Power Inc. and its subsidiary (the "Company"), which comprise the consolidated balance sheets as at December 31, 2025 and 2024, and the consolidated statements of...

AI summary The audit opinion confirms that Nova Scotia Power Inc.'s consolidated financial statements for 2025 and 2024 are fairly presented in accordance with USGAAP, covering balance sheets, income statements, and cash flows.

DISCLOSURE AND INTERNAL CONTROLS In accordance with National Instrument 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, the Chief Executive Officer and Chief Financial Officer of the Company will file a Venture...

AI summary The Company's annual filings under National Instrument 52-109 exclude representations on DC&P and ICFR, potentially increasing risks to the quality and reliability of financial reporting. Certifying officers ensure processes are in place, but limitations may affect disclosure accuracy.

PRESENTATION OF INFORMATION Unless otherwise noted, the information contained in this AIF is given at or for the year ended December 31, 2025. Amounts are expressed in Canadian dollars unless otherwise indicated. All financial information...

AI summary This document provides an overview of the information contained in the Annual Information Form (AIF) for NSPI as of December 31, 2025. It outlines the financial reporting standards, disclosure practices, and references to risk management information available on SEDAR+.

Income Taxes On June 20, 2024, Bill C-59, an Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023, and certain provisions of the budget tabled in Parliament on March 28, 2023, was ena...

AI summary Bill C-59, enacted on June 20, 2024, includes the EIFEL regime, which limits a company's net interest and financing expense deduction to 30% of earnings before interest, income taxes, depreciation, and amortization. The regime allows denied expenses to be carried forward indefinitely and has no impact on the Company's financial statements for 2024 and 2025.

Financial Review - [Management's Discussion & Analysis](#page-145-0) - [Forward-Looking Information](#page-146-0) - [Introduction and Strategic Overview](#page-146-0) - [Non-GAAP Financial Measures and Ratios](#page-147-0) - [Consolidated...

AI summary The document outlines the financial review section of a regulatory proceeding, covering topics such as Management's Discussion & Analysis, consolidated financial highlights, liquidity and capital resources, credit ratings, pension funding, and risk management. It includes sections on financial statements and related disclosures.

2025: In Q2 2025, Emera recognized a non-cash impairment charge of $75 million ($71 million after-tax, or $0.24 per common share) related to the remeasurement of the NMGC disposal group to fair value ("FV") less costs to sell. This was rec...

AI summary In Q2 2025, Emera recognized a non-cash impairment charge of $75 million related to the remeasurement of the NMGC disposal group to fair value less costs to sell, impacting the Other Segment.

2024: In Q3 2024, Emera recognized non-cash goodwill and other impairment charges of $221 million ($206 million after-tax, or $0.72 per common share) related to the NMGC reporting unit. These charges were recorded in "Impairment charges" o...

AI summary In Q3 2024, Emera recorded non-cash impairment and goodwill charges of $221 million related to the NMGC reporting unit, as well as a $24 million loss in estimated transaction costs for the pending sale of NMGC. These charges were included in various financial statement line items.

2025 Annual Financial Statements Attachment 6 Page 17 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document outlines the 2025 Annual Financial Statements for Emera, including sections such as the Strategic Overview, Management's Discussion and Analysis, Consolidated Financial Statements, and information about Emera Leadership and Board, as well as Shareholder information.

2025 Annual Financial Statements Attachment 6 Page 19 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document outlines the 2025 Annual Financial Statements for Emera, including a strategic overview, management's discussion and analysis, consolidated financial statements, leadership and board information, and shareholder details. Key sections include financial performance, strategic initiatives, and governance information.

Income Tax Expense (Recovery) For Q4 2025, income tax recovery decreased $164 million compared to Q4 2024 due to the recognition of tax benefits associated with denied interest and financing expenses in the prior year, decreased deferred i...

AI summary In Q4 2025, income tax recovery decreased by $164 million compared to Q4 2024, due to factors such as tax benefits from denied interest and financing expenses, and changes in deferred income tax asset valuation. For the full year 2025, income tax expense increased by $240 million compared to 2024, influenced by higher income before taxes and tax benefits from denied interest and financing expenses, partially offset by tax credits and gains from asset sales.

Critical Accounting Estimates The preparation of consolidated financial statements in accordance with USGAAP requires management to make estimates and assumptions. These may affect reported amounts of assets and liabilities at the date of...

AI summary The preparation of consolidated financial statements under USGAAP involves management estimates and assumptions that affect asset and liability valuations, as well as revenue and expense reporting. Key areas include rate-regulated assets, pension benefits, unbilled revenue, asset useful lives, and financial instrument valuations.

Goodwill Impairment Assessments Goodwill is calculated as the excess of the purchase price of an acquired entity over the estimated FV of identifiable assets acquired, and liabilities assumed at the acquisition date. Goodwill is subject to...

AI summary The document discusses goodwill impairment assessments for Emera, including the calculation of goodwill, the annual impairment tests, and the impact of the sale of NMGC. It also highlights the results of qualitative assessments for PGS and TEC in Q4 2025 and the change in goodwill carrying value from 2024 to 2025 due to FX translation.

Targeted Improvements to the Accounting for Internal-Use Software In September 2025, the FASB issued ASU 2025-06, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Inter...

AI summary In September 2025, the FASB issued ASU 2025-06, which updates the accounting for internal-use software by removing project stage references and clarifying capitalization thresholds. The update will be effective after December 15, 2027, with early adoption allowed. The company is assessing the impact on its financial statements.

Disaggregation of Income Statement Expenses In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting – Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expense...

AI summary In November 2024, the FASB issued ASU 2024-03, which requires more detailed disclosures about income statement expenses, including purchases of inventory, employee compensation, and depreciation and amortization. The guidance becomes effective in 2026 for annual reports and 2027 for interim reports, with early adoption allowed. The company is assessing the impact of this update on its financial disclosures.

Management's Responsibility for Financial Reporting The accompanying consolidated financial statements of Emera Incorporated and the information in this annual report are the responsibility of management and have been approved by the Board...

AI summary This section outlines the responsibilities of management and the Board of Directors of Emera Incorporated for financial reporting. It emphasizes the role of the Audit Committee in ensuring the accuracy and reliability of financial statements, which are audited by Ernst & Young LLP. The financial statements are prepared in accordance with US GAAP and are approved by the Board for issuance to shareholders.

Opinion on the Consolidated Financial Statements We have audited the accompanying Consolidated Balance Sheets of Emera Incorporated (the "Company") as of December 31, 2025 and 2024, the related Consolidated Statements of Income, Consolidat...

AI summary The consolidated financial statements of Emera Incorporated for 2025 and 2024 have been audited and are presented in accordance with US GAAP, and they fairly represent the company's financial position and performance.

Fair Value ("FV") measurement of derivative financial instruments Description of the Matter Held-for-trading ("HFT") derivative assets of $289 million and liabilities of $745 million, disclosed in note 16 to the consolidated financial stat...

AI summary The document discusses the fair value measurement of held-for-trading derivative financial instruments, including the complexity of valuation due to uncertain market assumptions and the significant impact of these assumptions on the fair value of the derivatives.

2025 Annual Financial Statements Attachment 6 Page 68 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The audit of the 2025 Annual Financial Statements involved reviewing contracts, assessing valuation models, and ensuring consistency in financial disclosures. Chartered Professional Accountants have served as the auditor since 1998.

2025 Annual Financial Statements Attachment 6 Page 79 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary Emera recorded a $210 million goodwill impairment charge for the NMGC reporting unit in Q3 2024 due to the agreement to sell NMGC. In Q4 2025, qualitative assessments for PGS and TEC indicated that their fair value likely exceeded carrying amounts, so no further quantitative testing was needed.

3. Future Accounting Pronouncements The Company considers the applicability and impact of all ASUs issued by the Financial Accounting Standards Board ("FASB"). The following updates have been issued by the FASB but, as allowed, have not ye...

AI summary The Company evaluates the applicability and impact of all ASUs issued by the Financial Accounting Standards Board (FASB). Some updates have been issued but not yet adopted by Emera, while others were assessed and determined to be either not applicable or to have an insignificant impact on financial statements.

2025 Annual Financial Statements Attachment 6 Page 84 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder infor...

AI summary The document is the 2025 Annual Financial Statements Attachment 6, which includes sections such as Management's Discussion and Analysis, Consolidated Financial Statements, and Notes to the Consolidated Financial Statements. It is part of a larger financial report and contains confidential information that has been redacted.

Disaggregation of Income Statement Expenses In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting – Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expense...

AI summary In November 2024, the FASB issued ASU 2024-03, which requires more detailed disclosures about income statement expenses, including purchases of inventory, employee compensation, and depreciation. The guidance will be effective for annual reporting periods after December 15, 2026, and interim periods after December 15, 2027. The Company is currently evaluating the impact of the update on its financial disclosures.

2025 Annual Financial Statements Attachment 6 Page 119 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder info...

AI summary This document provides an overview of the 2025 Annual Financial Statements for Emera, including strategic insights, management's discussion and analysis, consolidated financial statements, leadership information, shareholder details, and notes to the financial statements.

2025 Annual Financial Statements Attachment 6 Page 124 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder info...

AI summary The document is a redacted section of the 2025 Annual Financial Statements, specifically Attachment 6, Page 124 of 138. It includes sections such as the Strategic Overview, Management's Discussion and Analysis, Consolidated Financial Statements, Emera Leadership and Board, Shareholder information, and Notes to the Consolidated Financial Statements.

2025 Annual Financial Statements Attachment 6 Page 126 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder info...

AI summary The document discusses the company's financial strategy, noting that it does not use derivative instruments for foreign currency trading or speculation. Exchange gains and losses on foreign investments are reported in AOCI and do not affect net income.

2025 Annual Financial Statements Attachment 6 Page 127 of 138 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Strategic Overview Management's Discussion and Analysis Consolidated Financial Statements Emera Leadership and Board Shareholder info...

AI summary This document is the 2025 Annual Financial Statements Attachment 6 from page 127 of 138, with confidential information redacted. It includes sections such as the Strategic Overview, Management's Discussion and Analysis, Consolidated Financial Statements, Emera Leadership and Board, Shareholder information, and Notes to the Consolidated Financial Statements.

2025 Annual Financial Statements Attachment 7 Page 1 of 2 REDACTED (CONFIDENTIAL INFORMATION REMOVED) Changes to Chart of Accounts for Nova Scotia Power Inc. (Consolidated) These reflect the changes from the submission on December 31, 2024...

AI summary This document outlines changes to the Chart of Accounts for Nova Scotia Power Inc. from December 31, 2024, to December 31, 2025. The changes reflect updates in financial reporting structures.

REDACTED 2025 Annual Financial Statements Additional Submissions Attachment 1 Page 8 of 182 2026 Docusign Envelope ID: 3004E7B2-D1E3-8CBB-8136-5E1E1F24E654 ova Scotia Power Incorporated 11931 4938 RC0001

AI summary This document is part of the 2025 Annual Financial Statements Additional Submissions from Nova Scotia Power Incorporated. It includes a Docusign Envelope ID and a reference to a submission page number.

requesting confidential treatment for certain portions of the information contained in Attachment 1. Such information has been redacted from the publicly available copy on the basis of the following: - Partial confidentiality was applied t...

AI summary NS Power has requested confidential treatment for certain information in Attachment 1, including vendor billing rates and employee salaries, citing the need to protect customer value, maintain business relations, and preserve confidentiality. The request is made under Rule 12 of the Board's Regulatory Rules.

- 1. NS Power will provide Designated Confidential Information, as defined herein, to the Designated Recipient as defined in the undertaking to which this schedule is attached. - 2. Designated Confidential Information shall consist of mate...

AI summary NS Power will provide designated confidential information to a recipient, including financial statements and responses to information requests, which have been filed with the Nova Scotia Energy Board in confidence and are subject to confirmation by the Board.