Emera Incorporated entered into an agreement with ATCO Ltd., Canadian Utilities Limited and 2856571 Alberta Ltd. (SpinCo) for a court-supervised arrangement under the Canada Business Corporations Act. The proposed transaction includes Emera share issuance to ATCO and Canadian Utilities shareholders and a spin-out of assets and liabilities from the ATCO and Canadian Utilities groups to SpinCo; SpinCo shares are to be distributed to ATCO shareholders. The boards of Emera, ATCO, Canadian Utilities and SpinCo unanimously determined the transaction was in their respective best interests. Emera’s board recommended that shareholders vote in favor of the share issuance resolution.
Completion is subject to applicable shareholder approvals, court orders and key regulatory approvals, including competition, utility, foreign-investment, communications and power-sector approvals. The agreement provides for effectiveness within five business days after applicable conditions are satisfied or waived, and sets December 31, 2027 as the outside date. That date may be extended by 90 days if key regulatory approvals remain outstanding and none has been denied by a non-appealable decision.
Emera Incorporated (EMA) agreed to acquire all issued and outstanding ATCO shares and Canadian Utilities shares not held by ATCO through a statutory arrangement, in exchange for Emera shares. Upon effectiveness, ATCO shareholders would receive 0.865 Emera share per ATCO share plus one corresponding-class SpinCo share per ATCO share; Canadian Utilities Class A and Class B holders other than ATCO would receive 0.755 and 0.819 Emera share per share, respectively. The transaction also includes ATCO’s spin-out of its industrial services business to SpinCo.
Completion is subject to shareholder, court, regulatory and exchange approvals and other conditions; on closing, ATCO and Canadian Utilities would become Emera subsidiaries. The agreement provides for conditional termination fees: $432 million payable by Canadian Utilities on behalf of ATCO and Canadian Utilities to Emera, and $634 million or, in specified regulatory cases, $720 million payable by Emera to Canadian Utilities on their behalf. Emera cannot owe both latter fees.
Securityholder meetings are expected in the first quarter of 2027. The agreement may be terminated if the transaction is not completed by December 31, 2027; any party may elect a 90-day extension if a Key Regulatory Approval remains outstanding and none has been denied by a non-appealable decision.
EMERA INC (symbol: EMA) is the issuer of record for a Form 6-K filing submitted to the SEC.
Emera Inc. reported that its Board of Directors declared quarterly dividends on its common shares and First Preferred Shares on July 13, 2026. These dividends are payable on and after August 17, 2026 to shareholders of record as of the close of business on August 3, 2026.
The company states that the dividends qualify as eligible dividends under the Income Tax Act (Canada) and corresponding provincial legislation, which affects their tax treatment for Canadian investors. Emera describes itself as a North American energy services provider serving approximately 2.6 million customers with a workforce of 7,600 employees.
Emera Inc. reported the results of its May 21, 2026 Annual Meeting of Shareholders. All 11 director nominees were elected, each receiving strong support, with "for" votes ranging from 96.64% to 99.75% of votes cast.
Shareholders approved the appointment of the auditors with 94.15% of votes cast in favour and authorized their remuneration with 96.78% support. An advisory vote on executive compensation passed with 95.73% support. Amendments to the Emera Employee Common Share Purchase Plan and the Senior Management Stock Option Plan were also approved, receiving 99.54% and 96.03% support, respectively.
Total votes received were 159,425,367 out of 305,783,111 votes available, representing a shareholder participation rate of 52.14%.
Emera Incorporated reports Q1 2026 results showing stable operations with modest underlying earnings growth. Net income attributable to common shareholders was $562 million, down from $583 million, mainly due to a lower after-tax mark-to-market gain of $147 million versus $204 million. Adjusted net income, which excludes these mark-to-market impacts, rose to $415 million from $379 million, driven by stronger performance at Tampa Electric, Peoples Gas and Emera Energy Services, partly offset by weaker Nova Scotia Power results and higher corporate costs.
Operating revenues increased to $2.813 billion from $2.676 billion, while adjusted EBITDA grew to $1.113 billion from $1.006 billion. The company continues to execute a large capital program, forecasting about $20.4 billion of investment from 2026 through 2030 and an average consolidated rate base forecast of $30.5 billion in 2026 rising to $40.1 billion in 2030. Management targets adjusted EPS growth of five to seven per cent through 2030 and has increased its common dividend for 19 consecutive years, with Q1 2026 dividends per share of $0.7325.
Emera is progressing portfolio simplification and funding plans. It expects mid‑2026 closing of the previously announced sale of New Mexico Gas Company for an enterprise value of about $1.3 billion USD, and has agreed to sell its 100 per cent interest in Grand Bahama Power Company, with closing anticipated by the end of May 2026. Q1 capital investment was $891 million, and total assets reached $48.1 billion with total long‑term debt (including current portion) of $22.5 billion. Liquidity remains strong with committed credit facilities and a cash balance of $2.5 billion. The company also completed multiple debt issuances in March 2026, including $1.5 billion USD of notes under a new shelf registration, and announced the June 2026 redemption of $1.2 billion of 6.75 per cent subordinated notes.
Emera Incorporated plans to redeem all of its remaining outstanding 6.75% Fixed-to-Floating Subordinated Notes — Series 2016-A due 2076. The Company has issued a notice of redemption for $1,200,000,000.00 of these Notes, with a redemption date of June 15, 2026.
Holders will receive 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date. Payments and surrender of the Notes will be handled through the facilities of the Depository Trust Company in line with its procedures.
BlackRock, Inc. filed Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership of 20,851,908 shares of EMERA INC Common Stock. The filing lists 20,204,078 shares as sole voting power and reports ownership equal to 6.9% of the class. The cover references CUSIP 290876101 and the schedule is signed on 04/24/2026.
Emera Incorporated reports that its indirect subsidiary, Emera US Finance, LLC, has completed a US$750 million senior notes financing. The issuance consists of US$450 million of 4.500% senior notes maturing April 1, 2029 and US$300 million of 5.200% senior notes maturing April 1, 2033. Both series are unsecured obligations of the issuer and are fully and unconditionally guaranteed by Emera and Emera US Holdings Inc. Interest on each series is payable semi-annually on April 1 and October 1, starting October 1, 2026. Emera intends to use the net proceeds for general corporate purposes, including repaying existing indebtedness, which can help refinance part of its debt at defined long-term fixed rates.
Emera Incorporated completed a US$750 million junior subordinated notes financing through its indirect subsidiary, Emera Finance, LLC. The issuance consists of US$375 million of 6.650% Series A notes and US$375 million of 6.850% Series B notes, both maturing on October 1, 2056, with fixed-to-fixed reset coupons after October 1, 2031 and floors at their initial rates. The notes are unsecured, subordinated, and fully and unconditionally guaranteed by Emera and Emera US Holdings Inc. Interest is payable semi-annually starting October 1, 2026, and the issuer may defer interest for up to 20 consecutive semi-annual periods. Emera intends to use the net proceeds for general corporate purposes, including repayment of existing indebtedness.