Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 36

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 36
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 and the Issuer will promptly
notify, or cause the calculation agent to promptly notify, the Trustee and each paying agent of such interest rate. The calculation agent’s
determination of any interest rate, and its calculation of the amount of interest for any Interest Payment Period (as defined below under
“—Option to Defer Interest Payments”) beginning on or after the First Reset Date, will be on file at the Issuer’s
principal offices, will be made available to any holder or beneficial owner of the Notes upon request and will be final and binding in
the absence of manifest error.

If an interest payment date,
redemption date, or maturity date falls on a day that is not a business day, payment will be made on the next succeeding business day
with the same force and effect as if made on such payment date.

<div align='center'>S-20</div>

No Listing

The Notes are a new issue
of securities with no established trading market. The Issuer does not intend to apply for the listing or trading of the Notes on any securities
exchange or trading facility or for inclusion of the Notes in any automated quotation system.

Agreement by Holders to Tax Treatment

Each holder (and beneficial
owner) of the Notes will, by accepting any Notes (or a beneficial interest therein), be deemed to have agreed to treat the Notes as indebtedness
and interest thereon as U.S. source, and will treat the Notes and interest accordingly, for U.S. federal, state and local tax purposes.
For a discussion of the tax treatment of the Notes, see “Material U.S. Federal Income Tax Considerations.”

Guarantees

Each Guarantor will fully
and unconditionally guarantee, on a joint, several and subordinated basis, the due and punctual payment of the principal of, premium,
if any, and interest on the Notes and any other obligations of the Issuer under the Notes when and as they become due and payable, whether
at stated maturity, upon redemption (including with respect to a Tax Event or a Rating Agency Event), by acceleration or otherwise if
the Issuer is unable to satisfy these obligations.

Emera is a holding company
and conducts substantially all of its business through its direct and indirect operating subsidiaries. EUSHI, a direct and indirect wholly
owned subsidiary of Emera, serves as a holding company for Emera’s current assets located in the United States. The principal sources
of income of Emera and EUSHI are the dividends and