On behalf of our entire team, welcome to Emera’s 2017 Sustainability Update.

We’re excited to share the work we are doing to build a brighter, more sustainable future.

The energy industry is changing at an unprecedented pace. At Emera, we see opportunity in this change. This is rooted in our proven ability to think creatively about our business and the solutions we develop for our customers. And it’s about more than just creative thinking. We are constantly innovating and executing with discipline to deliver for our customers, shareholders, communities and the environment. This is what we call our creative energy.

It’s creative energy that enabled us to imagine and build the Maritime Link - the longest subsea electricity cables in North America, connecting the island of Newfoundland to the North American grid for the first time in history. It’s creative energy that is helping us lead the most rapid transformation to renewables in Canada. And it’s that same creative energy that led us to develop an aggressive transformation plan that will deliver the highest percentage of solar generation in Florida.

Our team is strong and focused on safely delivering cleaner, affordable and reliable energy to customers everywhere we operate. We’re listening to our customers, we’re adapting to evolving needs and we’re embracing innovation to offer more choice and control. And we’re looking after each other and reinforcing our safety systems and culture to ensure everyone at Emera goes home safely every day.

This update also celebrates our relationships with our customers, shareholders, communities and partners. We understand that strong relationships make us better.

We look forward to continuing work together to achieve a sustainable energy future.

Scott Balfour
President & CEO

Creative Energy

Change is the new normal in the energy industry. Where some see change as a challenge – we see opportunity to apply our creative energy. It starts with our drive to innovate, finding new ways to safely deliver cleaner, affordable and reliable energy. It gathers momentum by embracing new technologies and solutions. And it leads to a brighter future for our customers, shareholders, communities and the environment. This is how we’re delivering a sustainable energy future. It’s what sets our team apart. This is our creative energy.

Sustainability Update Highlights


Renewable capacity installed.


Reduction in GHG emissions since 2005 as we transition to lower-carbon energy across Emera.


Invested in our communities. Plus $5M special contribution to UNB to establish the Emera & NB Power Research Centre for Smart Grid Technologies.


Proactive safety incident reports for every 100 employees across Emera

We track how our team reports potential hazards before they can cause harm. Our goal is to increase these over time because they are an important leading indicator of safety performance.

Best 50
Corporate Citizen

Included in 2018 list of Canadian companies by Corporate Knights.

Emera at a Glance

From our origins as a single electrical utility in Nova Scotia, Emera has grown to become an energy leader serving customers in Canada, the U.S. and the Caribbean. Our companies include electrical and natural gas utilities, natural gas pipelines,independent power producers, energy marketing and trading and utility services.

Tampa Electric1R1

Vertically integrated electrical utility serving 750,000 customers in West Central Florida.

Peoples Gas1R1

Natural gas utility serving 375,000 customers in Florida.

Nova Scotia PowerR1

Vertically integrated electrical utility serving 515,000 customers in Nova Scotia.

New Mexico Gas1R1

Natural gas utility serving 525,000 customers in New Mexico.

Emera MaineR1

Transmission and distribution utility serving 158,000 customers in northern and eastern Maine.

Emera CaribbeanR1

Vertically integrated utilities serving 184,000 customers on the islands of Barbados, Grand Bahama, St Lucia and Dominica.

Emera Energy

Energy marketing and trading, asset management and optimization. Owns natural gas-fired generation fleet in Canada and the northeastern U.S..

Emera Newfoundland & Labrador2R1

Owns and operates the Maritime Link and manages Emera’s investments in associated projects.

Emera Utility Services2R1

Utility services contractor working in Atlantic Canada and other regions.

Emera New Brunswick2R1

Manages the Brunswick Pipeline, a 145-km natural gas pipeline in New Brunswick.

Cape Sharp Tidal2

A partnership between Emera and OpenHydro to demonstrate in-stream tidal energy technology in Nova Scotia.

Emera Technologies

A start-up company focused on finding ways to deliver renewable energy to customers in ways that are safer and more reliable.

Emera by the Numbers


People & Places

Utility Customers


Cash Flows

CAGR in pre working capital operating cash flow per share over the last 5 years



In Assets
Regulated Earnings
TTM3 Revenue
Adjusted earnings
per share CAGR of
Over the last 5 years 2



Dividend per
share CAGR of
Over the last 5 years


Growth Plan

Capital Investment
plan to drive growth
through 2020

Emera by the Numbers data as of June 30, 2018

1 Compound Annual Growth Rate

2 Trailing 12 months ended June 30, 2013 includes $31 million of gains related to APUC transactions and a $6 million gain related to First Wind; normalizing adjusted EPS to remove these gains increases the CAGR to 8.2%

3 Trailing 12 months


This report includes data and information about Emera’s wholly owned subsidiaries and entities where Emera has operational control. Unless otherwise stated, data in this report is as of December 31, 2017 and dollar figures are in Canadian Dollars.

For a full description of Emera’s structure and investments, see the Emera 2017 Annual Report.