Formerly | NS Power Holdings |
---|---|
Company type | Public |
TSX: EMA S&P/TSX 60 component | |
Industry | Electric & Gas Utilities |
Headquarters | , |
Areas served | Florida Atlantic Canada Caribbean New Mexico |
Key people | Scott Balfour (CEO) |
Revenue | Can$6.5 Billion (2018) [1] |
Can$1.39 Billion (2017) [1] | |
Can$266 Million (2017) [1] | |
Total assets | Can$32.2 Billion (2018) [1] |
Total equity | Can$7.82 Billion (2017) [1] |
Number of employees | 11,000 (2022) |
Subsidiaries | TECO Energy Nova Scotia Power |
Website | www |
Emera Incorporated is a publicly traded Canadian multinational energy holding company based in Halifax, Nova Scotia. Created in 1998 during the privatization of Nova Scotia Power, a provincial Crown corporation, Emera now invests in regulated electricity generation as well as transmission and distribution across North America and the Caribbean.
Emera was created out of the privatization of the provincial Crown corporation 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. [2]
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 Chicago-based company of the same name), and New Mexico Gas. Emera paid $10.4 billion for TECO. The deal closed in July 2016. [3]
Source: [4]
Fortis Inc. is a St. John's, Newfoundland and Labrador-based international diversified electric utility holding company. It operates in Canada, the United States, Central America, and the Caribbean. In 2015, it earned CA$6.7 billion.
New Brunswick Electric Power Corporation, operating as NB Power, is the primary electric utility in the Canadian province of New Brunswick. NB Power is a vertically-integrated Crown corporation by the government of New Brunswick and is responsible for the generation, transmission, and distribution of electricity. NB Power serves all the residential and industrial power consumers in New Brunswick, with the exception of those in Saint John, Edmundston and Perth-Andover who are served by Saint John Energy, Energy Edmundston, and the Perth-Andover Electric Light Commission, respectively.
TECO Energy Inc. is an energy-related holding company based in Tampa, Florida, and a subsidiary of Emera Incorporated. TECO Energy has several subsidiaries: Tampa Electric, which provides electricity to the Tampa Bay Area and parts of Central Florida; Peoples Gas Company, which provides natural gas throughout Florida; and TECO Services, which provides IT, HR, legal, facilities, and other services to current and former TECO subsidiaries. Previously the company was in the S&P 500 before it became private due its acquisition by Emera.
Newfoundland and Labrador Hydro, commonly known as Hydro, is a provincial Crown corporation that generates and delivers electricity for Newfoundland and Labrador, as well as portions of Quebec and the north-eastern areas of the United States. Between 2007 and 2021, NL Hydro was a subsidiary of the provincial Crown-owned energy holding company Nalcor Energy.
The electricity sector in Canada has played a significant role in the economic and political life of the country since the late 19th century. The sector is organized along provincial and territorial lines. In a majority of provinces, large government-owned integrated public utilities play a leading role in the generation, transmission, and distribution of electricity. Ontario and Alberta have created electricity markets in the last decade to increase investment and competition in this sector of the economy.
PNM Resources is an energy holding company based in Albuquerque, New Mexico. PNM was founded in 1917 as the Albuquerque Gas and Electric Company. PNM Resources owns both PNM and Texas - New Mexico Power (TNMP)
Enmax Corporation is a vertically-integrated utility with operations across Alberta, Canada, and in Maine, US.
Nova Scotia Power Inc. is a vertically integrated electric utility in Nova Scotia, Canada. It is privately owned by Emera and regulated by the provincial government via the Nova Scotia Utility and Review Board (NSUARB). Nova Scotia Power Inc provides electricity to 520,000 residential, commercial and industrial customers in Nova Scotia.
SaskEnergy Incorporated is a Crown corporation of the Saskatchewan government, responsible for delivering and selling natural gas to residential, commercial, and industrial customers in the province of Saskatchewan, Canada. The company owns 70,000 kilometres of distribution pipelines, 15,000 kilometres of transmission pipelines, and serves over 405,000 customers. It is governed by The SaskEnergy Act and is the designated subsidiary of Crown Investments Corporation of Saskatchewan.
The Maritimes and Northeast Pipeline is a natural gas transmission pipeline that runs from the Sable Offshore Energy Project (SOEP) gas plant in Goldboro, Nova Scotia, Canada to Dracut, Massachusetts, United States.
Tufts Cove Generating Station is a Canadian electrical generating station located in the Dartmouth neighbourhood of Tufts Cove in Nova Scotia's Halifax Regional Municipality.
The Lingan Generating Station is a 620 MW Canadian coal-fired electrical generating station located in the community of Lingan in Nova Scotia's Cape Breton Regional Municipality. Lingan is operated by Nova Scotia Power Inc. and is their largest generating station.
Madison Gas and Electric Company (MGE) is the primary subsidiary of MGE Energy, Inc.. As a regulated utility, it primarily serves the Madison, Wisconsin metropolitan area with electricity, gas and green energy options.
Capital Power is a North American independent power generation company based in Edmonton, Alberta, Canada. It develops, acquires, owns and operates power generation facilities using a variety of energy sources.
Veresen Inc. was a Calgary, Alberta-based energy infrastructure company with three main lines of business: pipelines, natural gas and power generation. It was a publicly-traded company on the Toronto Stock Exchange, and was known as Fort Chicago Energy Partners L.P. In 2017, it was acquired by Pembina Pipeline for $9.7 billion.
The Brunswick Pipeline is a natural gas transmission pipeline in the Canadian province of New Brunswick.
Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business districts and recreational centers as well as commercial and industrial business, such as electronic component manufacturers and education institutes. The company has an enterprise value of $766.54 million. The non-utility business is operated through the company's subsidiary, U-source, which is a national energy brokering and consulting company.
Wreck Cove is the largest hydroelectric system in Nova Scotia with a generating capacity of 215.8 MW. Constructed from 1975 to 1978, south of the Cape Breton Highlands National Park, Wreck Cove collects drainage water from 216 square kilometres (83 sq mi) of the Cape Breton Highlands plateau to generate renewable electricity. It consists of two generating stations: the Gisborne Generating Station, with an installed capacity of 3.5 MW, and the Wreck Cove Generating Station, with an installed capacity of 212 MW, producing on average 318 GWh annually—enough energy to power about 30,000 homes.
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