Emera announces five-year $20B capital and funding plan

Five-year $20B capital and funding plan extends 7-8% rate base growth guidance through 2030. Emera’s (EMA) capital plan is primarily directed toward investments in Florida, with nearly 80% allocated to the region focused on strengthening and storm hardening systems and supporting continued growth, while continuing to deliver an 8-9% expected rate base growth for its Florida utilities. The majority of capital plan – more than 90% – is allocated to reliability and grid modernization projects; renewable asset integration (for greater reliability and more predictable customer costs); and technological innovation (including increased investments in cybersecurity and artificial intelligence). 55% of investments specifically focused on strengthening electric transmission, distribution, and gas infrastructure systems to support reliability and customer growth.