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Information is relevant, reliable and accurate, and that Emera Inc.’s assets are appropriately accounted for and adequately safeguarded. Such systems are designed to provide reasonable assurance that the financial maintains effective systems of internal accounting and administrative controls, consistent with reasonable cost. Prepared the financial information presented elsewhere in the annual report and has ensured that it is consistent with that in the consolidated financial statements.Įmera Inc.

Management has determined such amounts on a reasonable basis in order to ensure that the consolidated financial statements are presented fairly in all material respects. Judgements and are within reasonable limits of materiality. Management believes that such estimates, which have been properly reflected in the accompanying consolidated financial statements, are based on careful In preparation of these consolidated financial statements, estimates are sometimes necessary when transactionsĪffecting the current accounting period cannot be finalized with certainty until future periods. Emera Brunswick Pipeline Company Ltd., which is wholly-owned, is regulated The Maine Public Utilities Commission, which also examine and approve Bangor Hydro Electric Company and Maine Public Service Company’s accounting policies and practices. Emera’s other wholly-owned electric utility and subsidiaries, Bangor Hydro Electric Company and Maine Public Service Company, are regulated by the Federal Energy Regulatory Commission and Nova Scotia Power Inc., one of Emera’s wholly-owned electric utilities and principal subsidiary, is regulated by the Nova Scotia Utility and Review Board, which also examines andĪpproves NSPI’s accounting policies and practices. When alternative accounting methods exist, management hasĬhosen those it deems most appropriate in the circumstances. The consolidated financial statements have been prepared by management in accordance with Canadian generally accepted accounting principles. and the information in this annual report are the responsibility of management and have been approved by the Board of Directors (∻oard”). Management’s Responsibility for Financial Reportingįinancial statements of Emera Inc. Consolidated Financial Statements and Management’s Discussion and Analysis