Overview
Emera Inc. is a Halifax-based energy company focused on regulated electric and natural-gas utilities. Its businesses provide electricity generation, transmission and distribution, as well as natural-gas distribution, across Florida, Atlantic Canada and the Caribbean.[1][2][3]
Emera states its purpose as “Energizing modern life and delivering a cleaner energy future for all.” It serves approximately 2.1 million utility customers and has about 6,800 employees; reported revenue was C$8.8 billion in 2025.[4][1][5] [1][2][3][4][5]
Products & services
Emera’s utility products and services include electricity generation, transmission and distribution, alongside natural-gas distribution and pipeline transportation. Tampa Electric supplies electricity to residential, commercial and industrial customers in West Central Florida, with more than 5,000 MW of generating capacity; Nova Scotia Power provides electricity across Nova Scotia; and Emera Caribbean utilities generate and deliver electricity to customers in their service areas.[6][7][8]
Its natural-gas offerings include Peoples Gas distribution service in Florida, delivered through approximately 16,000 miles of distribution mains and 160 miles of transmission lines, and SeaCoast Gas Transmission’s intrastate pipeline transportation service. Emera Energy provides energy marketing, trading and asset-management services, including buying and selling natural gas and electricity in competitive markets.[9][10][11]
Emera also reports grid-scale battery-storage capabilities: two 50 MW battery sites in Nova Scotia were in commercial operation, and Tampa Electric reported 100 MW of battery-storage investment. Company disclosures reviewed do not identify product- or service-specific revenue or percentages of company performance.[12][13] [12][13][6][7][8][9][10][11]
Geographic presence
Emera’s operations are concentrated in the United States, Atlantic Canada and the Caribbean. At year-end 2025, its average consolidated rate base was distributed across Florida (67%), Atlantic Canada (25%), the Caribbean (4%) and New Mexico (4%); these figures describe rate base, not revenue. Emera completed the sale of New Mexico Gas in August 2026, so the New Mexico share reflects the FY2025 portfolio rather than its current operations.[5][14]
In Florida, Tampa Electric serves West Central Florida across Hillsborough County and parts of Polk, Pasco and Pinellas counties; Peoples Gas and Seacoast also operate in Florida. In Atlantic Canada, Nova Scotia Power serves Nova Scotia. Caribbean utility interests include Barbados Light & Power in Barbados and an investment in LUCELEC in Saint Lucia.[6][9][7][8][15]
Emera’s head office is in Halifax, Nova Scotia. The company reported 7,800 employees for FY2025, but the available information does not provide a regional employee breakdown.[16][5] [5][14][6][9][7][8][15][16][5][14][6][9][7][8][15][16]
Business segments
Emera reports five business segments: Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other. Florida Electric Utility is centered on Tampa Electric; Canadian Electric Utilities comprise regulated Canadian electric operations, including Nova Scotia Power and Emera Newfoundland & Labrador/Maritime Link. Gas Utilities and Infrastructure includes natural-gas utilities and pipeline interests. Other Electric Utilities covers Caribbean electricity businesses and investments, while Other includes energy marketing and trading, an interest in Bear Swamp, and corporate activities.[17][18]
Using FY2025 adjusted earnings contributions as a proxy for segment contribution—not revenue—the reported amounts were C$845 million for Florida Electric (about 81% of adjusted net income attributable to common shareholders), C$182 million for Canadian Electric (17%), C$276 million for Gas Utilities and Infrastructure (26%), C$43 million for Other Electric Utilities (4%), and C$79 million for Other excluding corporate costs (8%). These categories exceed 100% in aggregate because corporate costs were C$380 million negative, bringing adjusted net income attributable to common shareholders to C$1,045 million.[19] [19][17][18]
Company history
Emera’s origins date to 1998, when Nova Scotia Power established NS Power Holdings Inc. as its parent company; the holding company was renamed Emera Inc. in 2000. In 2001, Emera made its first investment outside Canada through Bangor Hydro in Maine. It expanded into the Caribbean in 2008 with a 25% interest in Grand Bahama Power, increased that interest in 2010, and that year announced a 38% investment in Barbados’ Light & Power Holdings.[20][21][22][23]
In 2010, Emera agreed to acquire Maine & Maritimes Corporation; Bangor Hydro and Maine Public Service later combined as Emera Maine in 2014. Emera announced its acquisition of TECO Energy in 2015 and completed it on July 1, 2016. In 2019, Emera agreed to sell its Maine operations to ENMAX, with the sale completed in March 2020.[24][25][26][27][28][29]
Sources
- www.emera.com[1]
- www.emera.com[2]
- www.emera.com[3]
- www.emera.com[4]
- www.emera.com[5]
- www.emera.com[6]
- www.emera.com[7]
- www.emera.com[8]
- www.emera.com[9]
- www.seacoastpipeline.com[10]
- www.emera.com[11]
- EMERA INC — Presentation (2025 Y)[12][19]
- EMERA INC — Presentation (2026 Q 1)[13]
- investors.emera.com[14]
- www.emeracaribbean.com[15]
- www.emera.com[16]
- www.sec.gov[17]
- www.sec.gov[18]
- careers.emera.com[20]
- investors.emera.com[21]
- investors.emera.com[22]
- investors.emera.com[23]
- investors.emera.com[24]
- investors.emera.com[25]
- investors.emera.com[26]
- investors.emera.com[27]
- investors.emera.com[28]
- investors.emera.com[29]
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