N-142026-2027 GRA OP 01-15 - Redacted
4 passages
2026-2027 GRA OP-01 Attachment 02 Page 17 of 19 REDACTED (CONFIDENTIAL INFORMATION REMOVED) For the three months ended June 30, 2025, NSPI issued 0.04 million common shares (2024 – 0.04 million common shares) to Emera for total considerati...
AI summary NSPI issued 0.04 million common shares to Emera for $0.4 million in both the three and six months ended June 30, 2025. Additionally, NSPI returned $340 million of capital to Emera without reducing the number of shares outstanding. As of June 30, 2025, NSPI owed $179 million to Emera and affiliates, up from $150 million as of December 31, 2024.
3.1 Message from the Management Resources and Compensation Committee to Our Shareholders Dear Shareholder. In 2024, the Emera team made significant progress in advancing the corporate strategy through the execution of key transactions, inc...
AI summary The Management Resources and Compensation Committee (MRCC) outlines Emera's executive compensation strategy, emphasizing alignment with performance, share price, and corporate objectives. The MRCC oversees compensation programs and ensures compliance with governance principles and regulations.
The table below identifies how much of the short-term incentive for 2024 that each NEO elected to allocate to DSUs: Name Percentage of 2024 annual incentive elected to deferred share units (%) Dollar amount of 2024 annual incentive elected...
AI summary The table outlines the allocation of short-term incentives for 2024 by each Named Executive Officer (NEO) to Deferred Share Units (DSUs), including the percentage and dollar amount elected by each individual.
Scott Balfour Resignation All unvested PSUs, RSUs and stock options are forfeited. Terminated for cause All unvested PSUs, RSUs and stock options are forfeited. Terminated without cause Entitled to a lump sum equal to 24 months' compensati...
AI summary This section outlines the terms and conditions for Scott Balfour's resignation, termination, change of control, and retirement, including the handling of unvested PSUs, RSUs, and stock options under different scenarios.
N-27NSPI (NSEB) RIR 1-152 - Redacted (settlement agreement attached at IR-1)
3 passages
Investments in Emera Incorporated or NSPI As at December 31, 2024 and 2023, the assets related to the pension funds do not hold any material investments in Emera or NSPI securities. However, as a significant portion of assets for the benef...
AI summary As of December 31, 2024 and 2023, pension fund assets do not hold material investments in Emera or NSPI securities. However, due to pooled assets, there may be indirect investments in these securities.
As at December 31, 2024, future minimum lease payments to be received for each of the next five years and in aggregate thereafter are as follows: millions of dollars 2025 2026 2027 2028 2029 Thereafter Total Minimum lease payments to be re...
AI summary The text presents a table showing future minimum lease payments to be received by the company for each of the next five years and in aggregate thereafter, as of December 31, 2024. The section title 'RELATED PARTY TRANSACTIONS' suggests that the following content will discuss transactions involving related parties.
Defeasance Upon privatization of the former provincially owned Nova Scotia Power Corporation ("NSPC") in 1992, NSPI was appointed to manage and administer a portfolio of defeasance securities. The securities provide principal and interest...
AI summary The text discusses the defeasance securities managed by Nova Scotia Power Inc. (NSPI) on behalf of Nova Scotia Power Finance Corporation (NSPFC) following the privatization of Nova Scotia Power Corporation in 1992. The securities, totaling $200 million as of 2024, are held in trust and used to service defeased debt, with a significant portion invested in related debt to eliminate risk.