Why Invest

Why Invest in Emera

Emera is at the forefront of a transformative era in energy with robust opportunities to invest on behalf of customers across the portfolio.

Our proven strategy and operational excellence ensure we can capitalize on this growth.

Four boxes highlighting Emera’s four key investment drivers: 1. a premium portfolio of regulated utilities focused in Florida; 2. a $20 billion, five-year capital plan targeting 7% to 8% rate base growth; 3. constructive regulatory environments; and 4. reliable earnings and dividend growth.

Premium Portfolio of Regulated Utilities Focused in Florida

 

 

A donut chart displaying 2024 adjusted net income by geography: 68% from Florida, 22% from Atlantic Canada, and 10% from other regions. A donut chart displaying 2024 average rate base by geography: 65% in Florida, 27% in Atlantic Canada, and 8% in other regions.

 

Graph legend

 

A picture of the canal in Tampa, Florida, featuring waterfront buildings and clear skies.

~70%

 2024 Adjusted net Income1 from our Florida Utilities2 

$20B 5-Year Capital Plan Driving 7-8% Rate Base Growth Through 2029

Bar chart illustrating Emera’s forecasted annual capital expenditures and average rate base from 2025 to 2029, highlighting a $20 billion CAD capital plan and targeted 7% to 8% rate base growth. Annual capital expenditures are projected at $3.4 billion in 2025, $4.0 billion in 2026, $4.1 billion in 2027, $4.4 billion in 2028, and $4.6 billion in 2029. Average rate base is forecasted to be $29.2 billion in 2025, $31.3 billion in 2026, $33.5 billion in 2027, $35.6 billion in 2028, and $38.3 billion in 2029.

Capital Program

Emera’s Capital Program

  • Supports target adjusted EPS3,4 growth of 5%-7% through 2027
  • 80% to be invested in Florida in
    support of customer growth
  • 55% of capital spend on transmission, distribution and gas infrastructure in support of reliability and customer growth
  • 17% spend on renewable integration
    reducing volatile fuel cost exposure 

Reliable Dividend Growth

Chart showing Emera’s annual cash dividends paid from 2000 through 2024. The chart highlights 18 consecutive years of dividend increases and discloses Emera’s current targeted annual dividend growth rate of 1% to 2%. The most recent annual dividend was $2.88 in 2024. For the detailed record of dividends paid each year, please refer to our Stock Info – Dividend History page on this website.