Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 11

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 11
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 repayments and renewals; expectations about increases in interest expense and/or fees associated with debt securities
and credit facilities; no material adverse credit rating actions expected in the near term; the successful development of relationships
with various stakeholders; the impact of currency fluctuations; expected changes in electricity rates; and the impacts of planned investment
by the industry of gas transportation infrastructure within the U.S.

The forecasts and projections
that make up the forward-looking information are based on reasonable assumptions which include, but are not limited to: the
receipt of applicable regulatory approvals and requested rate decisions; no significant operational disruptions or environmental liability
due to a catastrophic event or environmental upset caused by severe weather or global climate change, other acts of nature or other major
events; seasonal weather patterns remaining stable; no significant cyber or physical attacks or disruptions to Emera’s systems (other
than the Cybersecurity Incident); the continued ability to maintain transmission and distribution systems to ensure their continued performance;
continued investment in solar, wind and hydro generation; continued natural gas activity; no severe and/or prolonged downturn in economic
conditions; sufficient liquidity and capital resources; the continued ability to hedge exposures to fluctuations in interest rates, foreign
exchange rates and commodity prices; no significant variability in interest rates; expectations regarding the nature, timing and costs
of capital investments of Emera and its subsidiaries; expectations regarding rate base growth; the continued competitiveness of electricity
pricing when compared with other alternative sources of energy; the continued availability of commodity supply; the absence of significant
changes in government energy plans and environmental laws and regulations that may materially affect Emera’s operations and cash
flows; maintenance of adequate insurance coverage; the ability to obtain and maintain licenses and permits; no material decrease in market
energy sales prices; favourable labour relations; and sufficient human resources to deliver service and execute Emera’s capital
investment plan.

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The forward-looking information
is subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or results
anticipated by the forward-looking information. Factors that could cause results or events to differ from current expectations include,
but are not limited to: regulatory and political risk; change in law risk; operating and maintenance risks; changes in economic conditions,
commodity price and availability risk; liquidity and capital market risk; changes in credit ratings; future dividend growth; timing and
costs associated with certain capital investments; expected impacts on Emera of challenges in the global economy; estimated energy consumption
rates