Emera Incorporated began in the late 1990s during the privatization of Nova Scotia Power. Originally incorporated as NS Power Holdings in 1998 and renamed Emera in 2000, it established itself as a publicly traded holding company on the Toronto Stock Exchange. From its Halifax headquarters, Emera extended its reach beyond Atlantic Canada, growing through strategic acquisitions such as the Bridgeport, Rumford, and Tiverton power plants (2013) and Florida based TECO Energy—including Tampa Electric and New Mexico Gas—for $10.4 billion in 2015–16.
Today, Emera’s operations encompass approximately 2.5 million electricity and natural gas customers across regulated utilities in Canada, the U.S., and the Caribbean. Its major segments include Nova Scotia Power, Tampa Electric, Peoples Gas, New Mexico Gas, and Caribbean utilities like Barbados Light & Power and LUCELEC. Beyond core distribution, its subsidiary Emera Energy offers natural gas and power trading, marketing, and asset management services across North America.
Emera is known for its focus on decarbonization, resilience, and clean energy transformation. Notable infrastructure includes the Maritime Link (commissioned 2017) connecting Newfoundland hydroelectricity to Nova Scotia, and a large-scale renewable and emissions-reduction investment strategy targeting 47% CO₂ reduction since 2005. It has also directed a $20 billion capital plan through 2029, with consistent rate-base growth, 17 consecutive years of dividend increases, and a strong emphasis on safety and reliability.
Emera continues investment in regulated utility infrastructure focused on cleaner energy, digital innovation, and regional integration. It aims to maintain steady rate-base growth of ~7–8% annually through 2029 and expand renewable capacity, including ongoing hydro and transmission projects. Its energy-trading unit supports these efforts by optimizing supply across jurisdictions, further cementing Emera’s role as a pivotal North American energy provider.