EMA 📈 Emera - Overview

Emera Incorporated is a diversified energy company that operates through several subsidiaries, generating, transmitting, and distributing electricity to a wide range of customers. The company's operations are segmented into various divisions, including Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments, allowing it to cater to different markets and customer needs. Its generation portfolio is fueled by a mix of natural gas, solar, hydroelectricity, coal, and biomass power plants, providing a balanced energy mix. Additionally, Emera is involved in the purchase, transmission, distribution, and sale of natural gas, as well as energy marketing, trading, and other energy asset management services, further expanding its offerings.

The company's infrastructure includes a 145-kilometer pipeline that transports re-gasified liquefied natural gas from Saint John, New Brunswick to consumers in the northeastern United States, highlighting its role in regional energy supply. As of December 31, 2023, Emera's electric utilities served a significant customer base, including approximately 840,000 customers in West Central Florida, 549,000 customers in Nova Scotia, 134,000 customers in the island of Barbados, and 19,000 customers in the Grand Bahama Island. Furthermore, its gas utilities and infrastructure served around 490,000 customers across Florida and 540,000 customers in New Mexico, demonstrating its extensive reach in the energy market.

With a history dating back to 1998, Emera Incorporated is headquartered in Halifax, Canada, and is listed with the ISIN CA2908761018 as a common stock. The company operates within the Electric Utilities sub-industry, as classified by the Global Industry Classification Standard (GICS). More information about Emera can be found on its website, https://www.emera.com, providing insight into its operations, services, and commitment to the energy sector.