Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 97

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 97
---
 exchange rate for the United States dollar, expressed
in Canadian dollars, as quoted by the Bank of Canada, was US$1.00 = C$1.3832.

<div align='center'>8

Business</div>

Emera was incorporated in
the Province of Nova Scotia in 1998 and is the direct or indirect owner of all of the shares in EUSHI. Emera’s principal executive
office is located at 5151 Terminal Road, P.O. Box 910, Halifax, NS B3J 1A1, Canada, and Emera’s telephone number is (902) 450-0507.
Emera’s website address is www.emera.com. Material contained on Emera’s website is not
part of and is not incorporated by reference in this prospectus.

EUSHI Finance is a Delaware
corporation that was formed on May 20, 2016. EUSHI Finance is owned indirectly by Emera through EUSHI. EUSHI Finance was formed for the
purpose of Emera’s intercompany financings and does not have any operations or assets other than interests in other financing-related
entities, and it does not have any operating revenues.

EUSHI is a Delaware corporation
that was incorporated on June 14, 2001. EUSHI is a direct and indirect, wholly owned subsidiary of Emera. EUSHI does not have any operations
and serves as the holding company for certain of Emera’s assets located in the United States.

Emera is a geographically
diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately CAD$43 billion in assets as at December
31, 2024 and 2024 revenues of approximately CAD$7.2 billion. The company primarily invests in regulated electricity generation and electricity
and gas transmission and distribution. Emera’s strategic focus continues to be safely delivering cleaner, affordable and reliable
energy to its customers. Emera has investments in the United States, Canada and the Caribbean.

<div align='center'>9

Risk Factors</div>

Investing in the Debt Securities
is subject to certain risks. Before purchasing Debt Securities, you should consider carefully the risk factors set forth under the heading
“Risk Factors” in Emera’s annual information form, which is contained in Emera’s annual report on Form 40-F for
the year ended December 31, 2024 (and our annual information forms for subsequent years), as well as the