Emera Incorporated (EMA-PC.TO) Research

Emera Incorporated operates as a diversified energy and utility firm, providing electricity generation, transmission, and distribution services via its various subsidiaries. Its operations are categorized into several key segments, including Florida Electric, Canadian Electric, Other Electric, and Gas Utilities and Infrastructure. Emera utilizes a diverse energy mix for power generation, encompassing coal, natural gas, oil, hydroelectric, wind, solar, petroleum coke, and biomass-fueled facilities. Beyond electricity, the company also manages the procurement, transport, and sale of natural gas, alongside offering energy marketing, trading, and asset management solutions. A significant asset is its 145-kilometer pipeline, which delivers re-gasified liquefied natural gas (LNG) from Saint John, New Brunswick, to customers in the northeastern United States. By the close of 2022, its electric divisions served a substantial customer base, including roughly 827,000 in West Central Florida, 541,000 in Nova Scotia, 133,000 on the island of Barbados, and 19,000 on Grand Bahama Island. Concurrently, its gas utilities and infrastructure segment provided service to approximately 468,000 customers across Florida and 545,000 in New Mexico. Founded in 1998, Emera Incorporated maintains its corporate headquarters in Halifax, Canada.

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