 | |
| Formerly | NS Power Holdings |
|---|---|
| Company type | Public |
| TSX: EMA S&P/TSX 60 component | |
| Industry | Electric & Gas Utilities |
| Headquarters | , |
Areas served | Florida Atlantic Canada Caribbean New Mexico |
Key people | Scott Balfour (CEO) |
| Revenue |  Can$6.5 Billion (2018)[1] |
| Can$1.39 Billion (2017)[1] | |
| Can$266 Million (2017)[1] | |
| Total assets | Can$32.2 Billion (2018)[1] |
| Total equity | Can$7.82 Billion (2017)[1] |
Number of employees | 11,000 (2022) |
| Subsidiaries | TECO Energy Nova Scotia Power |
| Website | www |
Emera Incorporated is a publicly tradedCanadian multinational energyholding company based inHalifax, Nova Scotia. Created in 1998 during the privatization ofNova Scotia Power, a provincialCrown corporation, Emera now invests in regulated electricity generation as well as transmission and distribution across North America and the Caribbean.
Emera was created out of the privatization of the provincialCrown corporationNova Scotia Power Incorporated (NSPI). On December 2, 1998, NSPI shareholders voted to restructure the company to create a holding company which would be shareholder-owned, with the regulated utility being a wholly owned subsidiary of the holding company. On December 9, 1998, NSPI received approval to establish NS Power Holdings Incorporated and NSPI shareholders exchanged their shares in NSPI for shares in NS Power Holdings Inc. on a one-to-one basis on January 1, 1999. Common shares in NS Power Holdings Inc. began trading on the Toronto Stock Exchange and Montreal Stock Exchange on January 6, 1999. The NS Power Holdings Inc. name was changed to Emera Incorporated on July 17, 2000.
In 2013, Emera acquired the Bridgeport Energy, Rumford Power, and Tiverton Power plants fromCapital Power Corporation for $541 million.[2]
On September 4, 2015, Emera announced the acquisition ofTECO Energy, a utility company based inTampa, Florida, whose holdings include Tampa Electric, Peoples Gas (no relation to theChicago-based company of the same name), and New Mexico Gas. Emera paid $10.4 billion for TECO. The deal closed in July 2016.[3]
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