Emera
- Company typePublic
- Founded2000
- HeadquartersHalifax, Canada
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
Emera firmographics
Firmographics- Name
- Emera
- Legal name
- Emera Inc.
- Website
- https://emera.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Emera industry classification
Industry- Product category
- Regulated Electric and Natural Gas Utilities
- NAICS
- Electric Power Transmission, Control, and Distribution (22112), Natural Gas Distribution (2212), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911), Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- Municipal Electric Utilities (Munis) (EUADABAB)
Keywords
Where Emera is headquartered
LocationHeadquarters
- HQ city
- Halifax
- HQ country
- Canada
- HQ region
- North America
Offices5 records
Markets served
Emera business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Regulated Electric Utilities: Revenue from regulated electricity generation, transmission, and distribution through Tampa Electric, Nova Scotia Power, and Emera Caribbean utilities. Earnings based on cost-of-service regulation with allowed returns on equity.
- Regulated Natural Gas Utilities: Revenue from natural gas distribution through Peoples Gas (Florida), New Mexico Gas Company, and other gas utilities. Services residential, commercial, and industrial customers.
- Emera Energy Marketing and Trading: Wholesale natural gas and electricity marketing and trading operations across eastern North America, stretching to western Canada and the Gulf of Mexico. Founded in 2002.
- Pipeline and Transmission Infrastructure: Revenue from Brunswick Pipeline delivering LNG and Maritime Link transmission assets providing clean energy capacity.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Regulated utility rates determined through regulatory proceedings |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels5 records
Emera product offering
Product offeringCore offering
Emera is a North American energy and services company that owns and operates a portfolio of cost-of-service, rate-regulated electric and natural gas utilities serving approximately 2.6 million customers across Canada, the United States, and the Caribbean. Its regulated utilities deliver electricity generation, transmission, and distribution (Tampa Electric, Nova Scotia Power, Maritime Link) and natural gas distribution (Peoples Gas, New Mexico Gas Company, Brunswick Pipeline), complemented by unregulated wholesale energy marketing and trading (Emera Energy) and HVAC equipment rental (Grand HVAC).
Product overview
Emera Inc. is a North American energy services company operating a portfolio of cost-of-service, rate-regulated electric and gas utilities alongside unregulated energy businesses. The regulated utility portfolio includes Tampa Electric (Florida electric), Nova Scotia Power (Canadian electric), Peoples Gas (Florida gas), New Mexico Gas Company (New Mexico gas), Emera Newfoundland & Labrador (including the Maritime Link transmission asset), Emera New Brunswick (Brunswick Pipeline), and Emera Caribbean (including Barbados Light & Power). The unregulated segment includes Emera Energy (wholesale energy marketing and trading) and Grand HVAC (Ontario HVAC equipment rental). The company is executing a $20 billion five-year capital plan through 2030, with approximately 72% of adjusted net income derived from Florida utilities and 95% from regulated investments.
Differentiator
Problem solved
Functional benefit
Brands
- Tampa Electric: Electric utility serving Tampa Bay area with over 5,000 MWs of generating capacity
- Nova Scotia Power
- Peoples Gas
- Emera Energy
- New Mexico Gas Company
Products and services
- Tampa Electric Regulated electric utility serving over 800,000 residential, commercial, and industrial customers in the Tampa Bay area with over 5,000 megawatts of generating capacity. Wholly-owned subsidiary of Emera Inc.
- Nova Scotia Power Full-service electric utility based in Halifax providing 95% of the generation, transmission, and distribution of electrical power to approximately 540,000 residential, commercial, and industrial customers in Nova Scotia. Wholly-owned subsidiary of Emera Inc.
- Peoples Gas Regulated natural gas utility based in Tampa, Florida, providing natural gas products and services. Florida's largest natural gas provider with over 445,000 customers across the state. Wholly-owned subsidiary of Emera Inc.
- New Mexico Gas Company Regulated natural gas utility headquartered in Albuquerque, operating as the largest natural gas utility in New Mexico, serving 27 of 33 counties with over 12,000 miles of pipeline and 540,000 customers. Wholly-owned subsidiary of Emera Inc.
- Emera Newfoundland & Labrador (Maritime Link) Strategic investment vehicle responsible for Emera's investments in Newfoundland & Labrador, including the Maritime Link—a 170-kilometer sub-sea HVDC transmission cable delivering approximately 20% of Nova Scotia's electricity from the Muskrat Falls generating station in Labrador.
- Emera New Brunswick (Brunswick Pipeline) Owner of the Brunswick Pipeline, a 145-kilometre natural gas transmission pipeline delivering liquefied natural gas from the Saint John LNG receiving and regasification terminal to markets in Canada and the US Northeast, serving infrastructure customers including Repsol Energy Canada.
- Emera Caribbean Caribbean operations including Barbados Light & Power Company, serving approximately 125,000 customers across Barbados; Emera also operates Grand Bahama Power Company (subject to a 2026 divestiture agreement).
- Emera Energy Leading natural gas and power wholesale marketing and trading company based in Halifax, Nova Scotia, buying and selling natural gas and electricity across competitive markets through eastern North America, stretching to western Canada and the Gulf of Mexico.
- Grand HVAC Heating and cooling equipment rental company based in Ontario, specializing in selecting and installing new or replacement HVAC equipment for residential and small commercial customers.
Quantifiable outcome
- 48% reduction in CO2 emissions since 2005
- +6 more outcomes
Companies that use Emera
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Emera technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Emera partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Nalcor Energy / Muskrat FallscoreEmera Newfoundland & Labrador partners with Nalcor Energy for the Maritime Link, a transmission asset delivering clean energy from Nalcor's Muskrat Falls generating station in Labrador to Nova Scotia. The Nova Scotia Block of clean energy first flowed in August 2021.
- Repsol Energy CanadacoreEmera New Brunswick's Brunswick Pipeline delivers natural gas from the Saint John LNG receiving and regasification terminal to markets in Canada and the US Northeast on behalf of Repsol Energy Canada.
Scale indicators16 records
Recent moves8 records
Expansion highlights4 records
Emera competitors and assessment
Company assessmentDirect peers
- Hydro One Limited: Ontario-based regulated electric transmission and distribution utility with similar cost-of-service regulation and capital plan-driven growth, comparable to Emera's Nova Scotia Power operations and capital intensity profile.
- WEC Energy Group: US-regulated electric and natural gas utility holding company with similar business mix of rate-regulated electric and gas distribution across multiple states and a comparable dividend-growth track record.
- CMS Energy: Michigan-based regulated electric and natural gas utility with similar capital plan-driven rate base growth, dividend growth track record, and cost-of-service regulatory framework as Emera's regulated subsidiaries.
- Alliant Energy: US Midwest regulated electric and natural gas utility with comparable cost-of-service regulation, multi-year capital plans, and customer mix to Emera's regulated utilities.
- Fortis Inc. Canadian-headquartered regulated electric and gas utility holding company operating across North America (US, Canada, Caribbean) with a similar multi-jurisdiction, rate-regulated business model and comparable capital intensity. Direct closest comparable in geography and portfolio mix.
Broad incumbents
- Duke Energy Corporation: Large US-regulated investor-owned utility with electric and gas operations across multiple states, offering overlapping capabilities with Tampa Electric and Peoples Gas. Larger and more diversified than Emera's Florida utilities but operates under the same regulatory framework.
- NextEra Energy: Florida-headquartered utility holding company with regulated Florida Power & Light and a large renewable energy generation business. Comparable on Florida regulated electric exposure; broader scale and additional unregulated renewable generation business.
- Southern Company: Large US-regulated electric and gas utility holding company with similar capital plan-driven rate base growth and cost-of-service regulation across multiple southeastern US states, overlapping with Emera's Florida operating geographies.
- American Electric Power: US-regulated electric utility holding company with extensive transmission footprint and capital plan execution comparable to Emera's $20B five-year program, operating across multiple state jurisdictions.
- Xcel Energy: US-regulated electric and gas utility operating across multiple states with significant capital plan execution and clean energy transition investments, comparable to Emera's grid modernization and renewable integration strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Emera social profiles
Digital presenceEmera financial estimates
Financial estimateRevenue estimate
Valuation estimate
Emera leadership team
Management profileNumber of profiles
Profiles8 records
Emera subsidiaries and ownership
Company hierarchySubsidiaries10 records
Emera funding detail
Funding detailFunding overview
Funding rounds7 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Emera M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Emera
What does Emera do?
Emera is a North American energy and services company that owns and operates a portfolio of cost-of-service, rate-regulated electric and natural gas utilities serving approximately 2.6 million customers across Canada, the United States, and the Caribbean. Its regulated utilities deliver electricity generation, transmission, and distribution (Tampa Electric, Nova Scotia Power, Maritime Link) and natural gas distribution (Peoples Gas, New Mexico Gas Company, Brunswick Pipeline), complemented by unregulated wholesale energy marketing and trading (Emera Energy) and HVAC equipment rental (Grand HVAC).
Is Emera a public or private company?
Emera is a public company. It is classified as public and is currently operating.
When was Emera founded?
Emera was founded in 2000. It employs 5,001 to 10,000 people.
Where is Emera based?
Emera is headquartered in Halifax, Canada, in the North America region.
How does Emera make money?
Four revenue lines are on record. Regulated Electric Utilities are the primary driver. The others are regulated Natural Gas Utilities, emera Energy Marketing and Trading and pipeline and Transmission Infrastructure.
Who are Emera's main competitors?
Direct peers on record are Hydro One Limited, WEC Energy Group, CMS Energy, Alliant Energy and Fortis Inc.. Broad incumbents are Duke Energy Corporation, NextEra Energy, Southern Company, American Electric Power and Xcel Energy.
Does Emera have an API?
No public API is recorded for Emera.
What industry is Emera in?
Emera's product category is Regulated Electric and Natural Gas Utilities. Its primary akta.pro industry code is EUADABAB, Municipal Electric Utilities (Munis). Its NAICS code is 22112 and its SIC code is 4911.