Other
Rate base is a financial measure specific to rate-regulated utilities that is not intended to represent any financial measure as defined by GAAP. The measure is required by the regulatory authorities in the jurisdictions where Emera’s rate-regulated subsidiaries or equity investments operate, a summary of which can be found in our MD&A. The calculation of this measure as presented may not be comparable to similarly titled measures used by other companies
Forward Looking Information
This news release contains forward-looking information within the meaning of applicable securities laws, including, without limitation, statements concerning Emera’s: strategic priorities and growth outlook; views on its competitive position to pursue new growth opportunities and meet evolving electric and gas utility sectors demands; $20 billion five-year capital and funding plan; expected 7-8% average annual rate base growth rate through 2029; expected 5-7% average annual adjusted EPS1 growth through 2027; plans to pursue growth opportunities and deliver strong results for the company, shareholders and customers; plans to spend 80% of its $20 billion five-year capital in Florida; expectations regarding Florida’s strong economic and population growth; plans to pursue three critical customer-focused initiatives that will continue to position the company for growth, namely, planned investments in grid reliability and infrastructure modernization, technological innovations, and renewables integration; views regarding the benefits of Emera to its operating companies; belief that growth opportunities are built upon increasing demand for electricity and gas, and growing populations; view that its funding plan will support ongoing growth and deliver long-term value to shareholders; expectations that investments in new, modern grid technologies to support bidirectional electricity and data flow will enable future increased energy demands, increase reliability and provide greater control for customers . Undue reliance should not be placed on this forward-looking information, which applies only as of the date hereof. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR+ at www.sedarplus.ca.
About Emera
Emera (TSX: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.5 million customers in Canada, the United States and the Caribbean. Our team of 7,300 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange. Additional information can be accessed at www.emera.com or www.sedarplus.ca.”
Investor Relations
David Bezanson
Vice President Investor Relations & Pensions, Emera Inc.
902-474-2126
dave.bezanson@emera.com
Media
Dina Bartolacci Seely
media@emera.com
