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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. [ citation needed ]
In 2013, Emera acquired the Bridgeport Energy, Rumford Power, and Tiverton Power plants from Capital Power Corporation for $541 million.
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.
On May 28, 2025, Emera Inc. became a dual-listed company (TSX and NYSE), trading on the New York Stock Exchange under the ticker symbol EMA. [ citation needed ]
On October 6, 2026, Emera announced its plans to acquire Canadian Utilities for $14.3 billion.