Articles from Emera Inc.

Today Emera (TSX: EMA) announced that it will release its Q4 2024 results on Friday, February 21, 2025, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.

Emera Incorporated (“Emera”) today announced that the exchange offer (the “Exchange Offer”) for USD $500,000,000 aggregate principal amount of outstanding 7.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 (the “Old Notes”) by its wholly owned indirect subsidiary, EUSHI Finance, Inc. (the “Issuer”) expired at midnight, New York City Time, on January 13, 2025.

Emera Incorporated (“Emera” or the “Company”) (TSX: EMA) announced today the applicable dividend rates for its Cumulative Rate Reset First Preferred Shares, Series F (the “Series F Shares”) and Cumulative Floating Rate First Preferred Shares, Series G (the “Series G Shares”), in each case, payable if, as and when declared by the Board of Directors of the Company:

On January 13, 2025, the Board of Directors of Emera Inc. (TSX: EMA) declared quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after February 14, 2025 to the applicable shareholders of record at the close of business on January 31, 2025, as follows:

Emera Incorporated (“Emera” or the “Company”) (TSX: EMA) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding Cumulative Rate Reset First Preferred Shares, Series F of the Company (the “Series F Shares”) on February 15, 2025. There are currently 8,000,000 Series F Shares outstanding.

Emera Incorporated (“Emera”) today announced the commencement of an exchange offer (the “Exchange Offer”) for USD $500 million aggregate principal amount of outstanding 7.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 (the “Old Notes”) by its wholly owned indirect subsidiary, EUSHI Finance, Inc. (the “Issuer”).

Today Emera Inc. (TSX:EMA) will host its annual Investor Day, available via live webcast. The event will include an update on Emera’s strategic priorities and growth outlook, highlighting the company’s role as a leading North American provider of essential energy services. It will also discuss how Emera is competitively positioned to pursue new growth opportunities and meet the evolving demands in the electric and gas utility sectors.

The Board of Emera Inc (TSX:EMA) today announced plans for the transition of the Chair of its Board of Directors. Jackie Sheppard will be stepping down as the Chair of the Board after more than 10 years of dedicated service and Karen Sheriff, current Board Director, will be appointed Chair of the Board, effective February 21, 2025. Ms. Sheppard, who was appointed Chair in May 2014, will continue to serve as a Director through 2025.

Today Emera Inc. (“Emera”) (TSX: EMA) reported financial results for the third quarter and year-to-date 2024.

Today Emera (TSX: EMA) announced that it will release its Q3 2024 results on Friday, November 8, 2024, after markets close. The Company will host a teleconference and webcast the same day at 6:00 p.m. Atlantic (5:00 p.m. Eastern) to discuss the results.

On October 11, 2024, the Board of Directors of Emera Inc. (TSX: EMA) declared quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after November 15, 2024 to the applicable shareholders of record at the close of business on November 1, 2024, as follows:

The Government of Canada and the Government of Nova Scotia, along with NSP Maritime Link Inc. (NSPML), and Nova Scotia Power Inc. (NSPI), wholly owned subsidiaries of Emera Inc., have finalized an agreement for a $500M federal loan guarantee that will provide cost relief to electricity customers in Nova Scotia.

Emera Inc. (TSX: EMA) today announced that its Board of Directors approved a 1% increase in the annual common share dividend, raising it to $2.90 from $2.87 per common share. This marks the 18th consecutive year of dividend growth, underscoring Emera’s commitment to delivering value to its shareholders.

Today Emera Inc. (“Emera”) (TSX: EMA) reported financial results for the second quarter and year-to-date 2024.

Emera Inc. (“Emera”) (TSX:EMA), an international energy and services company, today announced it has entered into an agreement to sell its wholly owned operating company, New Mexico Gas Company, Inc. (“NMGC”), to Bernhard Capital Partners (“BCP”), a services and infrastructure-focused private equity management firm, for an aggregate transaction value of $1.252 billion USD, including the assumption of approximately $500 million USD of debt and subject to customary closing adjustments.

On July 12, 2024, the Board of Directors of Emera Inc. (TSX: EMA) declared quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after August 15, 2024 to the applicable shareholders of record at the close of business on August 1, 2024, as follows:

Today Emera (TSX: EMA) announced that it will release its Q2 2024 results on Friday, August 9, 2024, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.

Emera Inc. (“Emera”) (TSX:EMA) today announced a strategic update driving long term value for shareholders and enabling the company to pursue compelling growth opportunities across its portfolio. As a reflection of this growth profile, Emera is introducing new three-year average target EPS growth of 5-7 per cent through 2027(1) and extending its previously discussed rate-base growth guidance of 7-8 per cent over the next five years through 2029. As part of a broader strategic initiative to reallocate capital towards investing in these high-growth opportunities, beginning today, Emera is adjusting its dividend growth rate to 1 to 2 per cent per year. This will have the effect of reducing Emera’s dividend payout ratio of adjusted net income(2) (payout ratio) to approximately 80 per cent by the end of 2027 with continued improvement in the following years. This decision underscores the company’s commitment to driving long-term shareholder value through focused investments in the robust and high growth jurisdictions in which it operates.

Jackie Sheppard, Chair of Emera Inc. (TSX: EMA) announces the appointment of Carla Tully to Emera’s Board of Directors.

Emera Incorporated (“Emera” or the “Company”) (TSX: EMA) announced today that EUSHI Finance, Inc. (the “Issuer”) has completed the sale of US$500,000,000 aggregate principal amount of United States dollar denominated 7.625% fixed-to-fixed reset rate junior subordinated notes due 2054 (the “U.S. Notes”), fully and unconditionally guaranteed by Emera and Emera US Holdings Inc. (“EUSHI and together with Emera, the “Guarantors”). EUSHI is a direct and indirect wholly-owned subsidiary of Emera and the Issuer is a direct, wholly-owned subsidiary of EUSHI. Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., and Wells Fargo Securities, LLC acted as joint book-running managers in connection with the U.S. Notes offering. BMO Capital Markets Corp., BofA Securities, Inc., CIBC World Markets Corp., TD Securities (USA) LLC, and Truist Securities, Inc. acted as co-managers.

Emera Inc. (“Emera”) (TSX:EMA) today announced the previously announced transaction where KKR would acquire Emera’s indirect minority equity interest in the Labrador Island Link (LIL), has closed effective today. The LIL is a 1,100 km high voltage transmission line that delivers renewable energy to Newfoundland, Nova Scotia and beyond, helping meet the growing demand for clean energy across the region. The transaction was originally announced on May 28, 2024.

Today, Emera Inc. (Emera), an international energy and services company, and KKR, a leading global investment firm, announced they have entered into a definitive agreement where KKR will acquire Emera’s indirect minority equity interest in the Labrador Island Link (LIL). The transaction value is $1.19 billion CAD, made up of $957 million CAD in cash and $235 million CAD for assuming Emera’s obligation to fund the remaining initial capital investment.

Emera Inc. (TSX: EMA) and its wholly-owned subsidiary Nova Scotia Power (NS Power) announced today that NS Power has filed a proposed settlement agreement for its 2022-2024 General Rate Application (GRA) with the Nova Scotia Utility and Review Board (UARB). The settlement, which addresses both fuel and non-fuel rates, was reached between NS Power and key customer representatives, including Nova Scotia’s Consumer Advocate, the Small Business Advocate, large customers represented by the Industrial Group, municipal utilities, Dalhousie University as well as advocates for the environment and low-income customers.

Today Emera (TSX: EMA) announced that it will release its Q3 2022 results on Friday, November 11, 2022, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.

On October 12, 2021, the Board of Directors of Emera Inc. (TSX: EMA) declared quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after November 15, 2021 to the applicable shareholders of record at the close of business on November 1, 2021, as follows:

Emera’s largest operating company, Tampa Electric has filed a settlement agreement for its rate request with the Florida Public Service Commission (Florida PSC). A ruling from the Florida PSC is expected later this year.

Housing Initiative Partnership (HIP), a green nonprofit affordable housing developer based in Prince George’s County, along with Pepco and Emera Technologies, have been awarded a $200,000 grant from the Maryland Energy Administration (MEA) to construct a new residential microgrid to power a small subdivision of highly energy efficient single family homes in Fairmount Heights, Maryland.