N-12025 Annual Financial Statements - Redacted
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Wasoqonatl Transmission Line: On March 5, 2025, NSPI, the Canada Infrastructure Bank ("CIB") and the Wskijinu'k Mtmo'taqnuow Agency ("WMA") announced the Wasoqonatl transmission line project to create a reliability intertie between Nova Sc...
AI summary NSPI, Canada Infrastructure Bank, and Wskijinu'k Mtmo'taqnuow Agency announced the Wasoqonatl transmission line project to create a reliability intertie between Nova Scotia and New Brunswick. Owned by WTI, a limited partnership, NSPI provides operational services and holds 50% indirect voting interest. NSEB approved $685 million capital investment, including AFUDC, for the project.
Maritime Link: The Maritime Link is a $1.8 billion (including AFUDC) transmission project, including two 170-kilometre sub-sea cables, connecting the island of Newfoundland and Nova Scotia. The Maritime Link entered service on January 15,...
AI summary The Maritime Link is a $1.8 billion (including AFUDC) transmission project with two 170-km sub-sea cables connecting Newfoundland and Nova Scotia. It began service on January 15, 2018, with NSPI initiating interim payments to NSPML at that time.
Wasoqonatl Transmission Line: On March 5, 2025, NSPI, the Canada Infrastructure Bank ("CIB") and the Wskijinu'k Mtmo'taqnuow Agency ("WMA") announced the Wasoqonatl transmission line project which will create a reliability intertie between...
AI summary The Wasoqonatl Transmission Line project, a reliability intertie between Nova Scotia and New Brunswick, is owned by WTI, a limited partnership between NSPI, CIB, and WMA. NSPI holds 50% indirect voting interest and provides operational services. NSEB approved a $685M capital investment, including AFUDC, for the project.
System Operations and Generation NSPI's Control Center Operations co-ordinates and controls the electric generation, transmission and distribution facilities with the goal of providing safe, reliable and efficient electricity supply while...
AI summary NSPI's Control Center manages electric generation, transmission, and distribution, ensuring reliability and compliance with environmental regulations. Interconnection agreements with NB Power and NLH enhance system reliability and reserve capacity. NSPI adheres to NPCC and NERC standards for the bulk electric system, with references to the Nova Scotia Energy Reform Act.
Transmission and Distribution NSPI transmits and distributes electricity from its generating stations to its customers. NSPI's transmission system consists of approximately 5,000 km of transmission facilities, including major substations a...
AI summary NSPI's transmission system spans 5,000 km with major substations at Lingan, Woodbine, and Bridgewater, while its distribution system covers 29,000 km. The infrastructure details highlight the scale and connectivity of NSPI's electricity delivery network.
Initiatives across our core operating jurisdictions (2) – paced with customer affordability in mind - Florida: Strengthening reliability and affordability while modernizing the generation fleet via investments in solar, battery storage, fu...
AI summary The text outlines initiatives in Florida and Nova Scotia focused on enhancing grid reliability, affordability, and climate policy alignment. Nova Scotia's efforts include grid resilience, interties, hydro, battery storage, coal retirement, and renewable energy investments, aligning with provincial climate targets. CO2 reductions are compared to 2005 levels, with core jurisdictions encompassing Emera's operations in Nova Scotia (NSPI) and Florida (TEC & PGS).
Canadian Electric Utilities The Canadian Electric Utilities segment includes NSPI and NSPML. NSPI is a vertically integrated regulated electric utility engaged in the generation, transmission and distribution of electricity and the primary...
AI summary The Canadian Electric Utilities segment includes NSPI, a vertically integrated utility providing electricity in Nova Scotia, and NSPML, which holds a 100% equity stake in the Maritime Link transmission project connecting Newfoundland and Nova Scotia.
NSPI With $8.1 billion of assets and approximately 565,000 customers at December 31, 2025, NSPI owns 2,422 MW of generating capacity, of which 44 per cent is coal and/or oil-fired; 28 per cent is natural gas and/or oil; 19 per cent is hydr...
AI summary NSPI, with $8.1 billion in assets and 565,000 customers, operates a mix of fossil fuel and renewable generation, including 573 MW from IPPs and COMFIT participants. It has agreements with NLH for energy delivery and filed a GRA proposing 1.8% and 2.4% rate increases in 2026 and 2027, respectively. NSPI also announced a new transmission project with WTI and expects to earn near the low end of its ROE range in 2026.
Nature of Operations Emera Incorporated ("Emera" or the "Company") is an energy and services company that invests in electricity generation, transmission and distribution, and gas transmission and distribution. At December 31, 2025, Emera'...
AI summary Emera Incorporated operates in electricity and gas utilities across multiple regions, including Nova Scotia (via NSPI), Florida, New Mexico, and the Caribbean. Key operations include the Maritime Link Project between Newfoundland and Nova Scotia, and a 50% stake in a Nova Scotia-New Brunswick transmission intertie. The company also holds interests in gas pipelines and international utilities.
LOCATION SEGMENT Location Segment Value Location Segment Description 1310 WIND GENERAL 1350 AVON 1351 BEAR RIVER 1352 BLACK RIVER 1353 DICKIE BROOK 1354 FALL RIVER 1355 HARMONY 1356 LEQUILLE 1357 MERSEY 1358 PARADISE 1359 SHEET HARBOUR 136...
AI summary The document presents a table with location segments and their corresponding descriptions, as well as cost centre segments and their descriptions. These segments are used for categorizing and managing different parts of the utility operations.
N-2Refiled Statements - NSPI - Redacted
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System Operations and Generation NSPI's Control Center Operations co-ordinates and controls the electric generation, transmission and distribution facilities with the goal of providing safe, reliable and efficient electricity supply while...
AI summary NSPI's Control Center manages electric generation, transmission, and distribution through SCADA systems, ensuring safe and reliable power supply. NSPI is interconnected with NB Power and NLH, enhancing system reliability and reserve capacity. NSPI adheres to NPCC and NERC standards for system reliability, as enforced by the NSEB.
NSPI With $8.1 billion of assets and approximately 565,000 customers at December 31, 2025, NSPI owns 2,422 MW of generating capacity, of which 44 per cent is coal and/or oil-fired; 28 per cent is natural gas and/or oil; 19 per cent is hydr...
AI summary NSPI, with $8.1 billion in assets and 565,000 customers, owns a mix of generating capacity including coal, natural gas, and renewables. It has initiated grid-scale battery projects and has agreements with NLH for energy delivery. NSPI filed a GRA with the NSEB, proposing rate increases in 2026 and 2027. A new transmission project between Nova Scotia and New Brunswick, owned by WTI, was announced with NSPI holding a 50% indirect voting interest.
ACCOUNT SEGMENT Account Segment Value Account Segment Description 604050 INTEREST INCOME 604100 INTEREST INCOME MS RESIDENTIAL FINANCING 604120 INTEREST INCOME DSM 604150 INTEREST INCOME HEAT PUMPS PROGRAM 604200 INTEREST INCOME MS COMMERC...
AI summary The document outlines various account segments and line of business segments, including interest income from financing and programs, income tax expenses, preferred dividends, and categories related to power generation, transmission, distribution, and customer services.
LOCATION SEGMENT Location Segment Value Location Segment Description 1310 WIND GENERAL 1350 AVON 1351 BEAR RIVER 1352 BLACK RIVER 1353 DICKIE BROOK 1354 FALL RIVER 1355 HARMONY 1356 LEQUILLE 1357 MERSEY 1358 PARADISE 1359 SHEET HARBOUR 136...
AI summary The text presents a list of location segments and cost centre segments with their respective descriptions, categorizing different areas and functions within an organization's operational structure.