Emera Incorporated
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Scott Carlyle Balfour
- Full Time Employees
- 7,605
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 5151 Terminal Road Halifax NS Canada B3J 1A1
- IPO Date
- Jan 5, 2010
- CIK
- 0001127248
- Website
- emera.com
- Similar Companies
- Business
- Emera Incorporated Emera Incorporated is a geographically diverse energy and services holding company that, through its subsidiaries, engages in the regulated generation, transmission, and distribution of electricity and natural gas across North America and the Caribbean; its core operating segments include Florida Electric Utility (primarily Tampa Electric Company serving approximately 840,000 customers in west central Florida with natural gas, solar, hydroelectric, coal, and biomass-fired generation), Canadian Electric Utilities (such as Nova Scotia Power serving 549,000 customers), Other Electric Utilities (including operations in Barbados serving 134,000 customers and Grand Bahama serving 19,000 customers), Gas Utilities and Infrastructure (historically serving around 490,000 customers in Florida and 540,000 in New Mexico prior to divestiture, with natural gas purchase, transmission, distribution, and sale alongside a 145-kilometer pipeline transporting re-gasified liquefied natural gas from Saint John, New Brunswick), and Other activities encompassing energy marketing, trading, and asset management services provided by Emera Energy; the company also maintains 1,882 megawatts of installed renewable capacity and focuses on decarbonization, with a 49% reduction in CO₂ emissions since 2005. Headquartered at 1223 Lower Water Street in Halifax, Nova Scotia, Canada, Emera Incorporated was founded in 1998 amid the privatization of Nova Scotia Power. It employs approximately 7,600 people, manages $43 billion in assets, serves 2.6 million utility customers, and pursues a $20 billion capital plan through 2029 emphasizing grid reliability, modernization, renewables, and technology. Recent major changes include the August 2024 agreement to sell its New Mexico Gas Company subsidiary to Bernhard Capital Partners for $1.252 billion (including debt assumption), expected to close in late 2025 and yielding approximately $750 million in after-tax net proceeds for debt reduction and regulated utility investments; the partial divestiture of its indirect minority equity interest in the Labrador Island Link transmission project to KKR for $1.19 billion CAD in early 2025, enhancing its balance sheet while retaining operational involvement alongside Newfoundland and Labrador Hydro; and the unveiling of its 2025-2029 capital plan in November 2025 alongside third-quarter financial results, reinforcing strategic focus on high-growth regulated utilities amid electrification and climate resilience demands.
Company News
Contrasting Otter Tail (NASDAQ:OTTR) and Emera (OTCMKTS:EMRAF)
Southern (NYSE:SO) versus Emera (OTCMKTS:EMRAF) Head to Head Analysis
Emera Completes Sale of New Mexico Gas Company
Emera Q2 Earnings Call Highlights
Emera Reports 2026 Second Quarter Financial Results
Final Approval Received for Emera's Sale of New Mexico Gas Company
CORRECTING and REPLACING Emera Declares Quarterly Dividends
Emera Declares Quarterly Dividends
Emera Teleconference on August 7 to Discuss Q2 2026 Results
Emera Inc. Announces Election of Directors
Emera Reports 2026 First Quarter Financial Results
Emera Incorporated Announces Results of Series J First Preferred Share Conversion
Emera Inc. Announces Leadership Transition at Emera Energy
Emera Incorporated Announces Dividend Rates for Series J and Series K First Preferred Shares
Emera Declares Quarterly Dividends
Emera Incorporated Announces Conversion Privilege of Cumulative Minimum Rate Reset First Preferred Shares, Series J
Emera Teleconference on May 8 to Discuss Q1 2026 Results
Emera Incorporated Announces the Closing of the Offering of US$750 Million Aggregate Principal Amount of Senior Notes
Emera Incorporated announces the closing of the offering of US$750 million Aggregate Principal Amount of Fixed-to-Fixed Reset Rate Junior Subordinated Notes
Emera Reports 2025 Fourth Quarter Financial and Annual Financial Results, Extends Growth Target