Editing Emera

{{Short description|Canadian energy company}}
{{Infobox company
| name = Emera Incorporated
| logo = Emera Logo.svg
| type = [[Public company|Public]]
| traded_as = {{TSX|EMA}}<br>[[S&P/TSX 60|S&P/TSX 60 component]]
| former_name = NS Power Holdings
| location_city = [[Halifax, Nova Scotia|Halifax]], [[Nova Scotia]]
| location_country = [[Canada]]
| location = 
| locations = 
| areas_served = [[Florida]]<br>[[Atlantic Canada]]<br>[[Caribbean]]<br>[[New Mexico]]
| key_people = Scott Balfour ([[CEO]])
| industry = Electric & Gas Utilities
| products = 
| services = 
| revenue = {{increase}}[[Canadian dollar|Can$]]6.5 Billion (2018)<ref name=results>{{Cite web|url=http://investors.emera.com/Cache/1001251000.PDF?Y=&O=PDF&D=&fid=1001251000&T=&iid=4072693|title=Archived copy|access-date=2019-05-24|archive-date=2019-12-20|archive-url=https://web.archive.org/web/20191220183432/http://investors.emera.com/Cache/1001251000.PDF?O=PDF&T=&Y=&D=&FID=1001251000&iid=4072693|url-status=dead}}</ref>
| operating_income = {{increase}}Can$1.39 Billion (2017)<ref name=results/>
| net_income = {{increase}}Can$266 Million (2017)<ref name=results/>
| assets = {{increase}}Can$32.2 Billion (2018)<ref name=results/>
| equity = {{increase}}Can$7.82 Billion (2017)<ref name=results/>
| owner = 
| num_employees = 11,000 (2022)
| subsid = [[TECO Energy]]<br />[[Nova Scotia Power]]
| divisions = 
| homepage = {{URL|http://www.emera.com}}
| footnotes = 
| intl = 
}}

'''Emera Incorporated''' is a publicly traded [[Canada|Canadian]] multinational energy [[holding company]] based in [[Halifax, Nova Scotia]]. Created in 1998 during the privatization of [[Nova Scotia Power]], a provincial [[Crown corporations of Canada|Crown corporation]], Emera now invests in regulated electricity generation as well as transmission and distribution across North America and the Caribbean.

==History==
[[File:Emera Place .jpg|alt=|left|thumb|Emera head office]]
Emera was created out of the privatization of the provincial [[Crown corporations of Canada|Crown corporation]] [[Nova Scotia Power|Nova 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 from [[Capital Power Corporation]] for $541 million.<ref>{{Cite news|url=https://www.reuters.com/article/us-capitalpower-emera/capital-power-to-sell-three-u-s-power-plants-to-emera-idUSBRE97R0WT20130828|title=Capital Power to sell three U.S. power plants to Emera|date=2013-08-28|work=Reuters|access-date=2018-01-11}}</ref>

On September 4, 2015, Emera announced the acquisition of [[TECO Energy]], a utility company based in [[Tampa, Florida]], whose holdings include Tampa Electric, Peoples Gas (no relation to the [[Peoples Energy|Chicago-based company of the same name]]), and New Mexico Gas.  Emera paid $10.4 billion for TECO. The deal closed in July 2016.<ref>{{Cite news|url=https://www.tampabay.com/news/business/energy/tampa-electric-announces-its-sale-to/2244247/|title=Tampa Electric announces its sale to Canadian company Emera|date=2015-09-04|access-date=2018-01-11}}</ref>

== Subsidiaries ==
Source:<ref>Emera - Our Investments. http://www.emera.com/en/home/ourbusiness/corporatestructure/default.aspx. Retrieved August 22, 2013.</ref>
=== Electric Utilities ===

* [[Nova Scotia Power]] is a vertically integrated utility in Nova Scotia, with 500,000 customers, and 2487 MW of generating capacity
* [[Tampa Electric]], a vertically integrated utility in the [[Tampa Bay Area|Tampa Bay area]] of Florida, with 840,000 customers and 6000 MW of generating capacity
* Emera Caribbean is a utility that serves 227,000 customers in the [[Caribbean]].  Its subsidiaries include: 
** Light and Power Holdings - LUCELEC in [[Saint Lucia|St. Lucia]]
** [[Barbados Light and Power Company]] in [[Barbados]]
** Grand Bahama Power Company in [[The Bahamas]]
** Dominica Electricity Services in [[Dominica]]

====Former Subsidiaries====
* Emera Maine was a utility with 130,000 customers in Maine, created through the merger of Bangor Hydro (acquired in 2002) and Maine Public Service (acquired in 2010).<ref>{{Cite news|url=https://bangordailynews.com/2013/11/18/business/new-name-same-service-bangor-hydro-maine-public-service-to-become-emera-maine/|title='New name, same commitment' — Bangor Hydro, Maine Public Service to become Emera Maine|work=Bangor Daily News|access-date=2018-01-11|language=en-US}}</ref> In 2020, Emera Maine was sold to another Canadian utility, [[ENMAX]] of [[Calgary]], [[Alberta]].<ref>{{Cite web|url=https://www.enmax.com/news-events/news/enmax-completes-emera-maine-acquisition|title=ENMAX completes purchase of Emera Maine|website=www.enmax.com}}</ref> Under ENMAX, the former Emera Maine territory now trades as [[Versant Power]].

=== Natural Gas Utilities ===

* New Mexico Gas Company serves 540,000 customers is the largest natural gas utility in New Mexico.<ref>{{cite web | url=https://www.nmgco.com/en/about_us | title=About Us - New Mexico Gas Company | access-date = February 6, 2024 | publisher=New Mexico Gas Company}}</ref>
* [[TECO Energy|Peoples Gas]] is a natural gas utility in Florida with 470,000 customers.

=== Other Subsidiaries ===

* Emera Energy trades and markets natural gas and electricity.  Power plants owned include:
**[[Bear Swamp Hydroelectric Power Station]], a 600 MW [[Hydroelectricity|hydro-electric plant]] in northern [[Massachusetts]], 50% owned by Emera
* Emera New Brunswick runs the [[Brunswick Pipeline]], a natural gas pipeline through [[New Brunswick]], Canada
* Emera has a 12.5% ownership stake in the [[Maritimes & Northeast Pipeline|Maritimes and Northeast Pipeline]]

==See also==
* [[Fortis Inc.]], Another Canadian Maritime Multinational Energy Operator/Investor begun as [[Newfoundland Light & Power Co.]]

==References==
{{Reflist}}

==External links==
* [http://www.emera.com/ Official site]

{{S&P/TSX 60}}
{{Authority control}}

[[Category:Emera| ]]
[[Category:Companies listed on the Toronto Stock Exchange]]
[[Category:Electric power companies of Canada]]
[[Category:S&P/TSX 60]]
[[Category:Companies based in Halifax, Nova Scotia]]
[[Category:Natural gas pipeline companies]]
[[Category:Natural gas companies of Canada]]
[[Category:Year of establishment missing]]