EMERA INC
For the period ended Dec 31, 2025. Filed Feb 23, 2026.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2025 · Filed Feb 23, 2026
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Contents
EX-99.3 · Collaborative Arrangements
Collaborative Arrangements
For the years ended December 31, 2025 and 2024, the
Company has identified the following material
collaborative arrangements:
Through NSPI, the Company is a participant in three
wind energy projects in Nova Scotia. The
percentage ownership of the wind project assets is based on
the relative value of each party’s project
assets by the total project assets. NSPI has power
purchase arrangements to purchase the entire net
output of the projects and, therefore, NSPI’s portion
of the revenues are recorded net within regulated fuel
for generation and purchased power.
NSPI’s portion of operating expenses is recorded
in “OM&G” on the
Consolidated Statements of Income. In 2025, NSPI recognized
$
million net expense (2024 – $
million) in “Regulated fuel for generation and purchased
power” and $
million) in
“OM&G” on the Consolidated Statements of Income.
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