Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 31

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 31
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 of Regulation S-X, Emera is including summarized financial information for Emera, EUSHI and EUSHI Finance (together, the
“Obligor Group”), on a combined basis after transactions and balances between the combined entities have been eliminated.
Investments in and equity earnings of the Non-Guarantor Subsidiaries have been excluded from the summarized financial information.

The Obligor Group was not
determined using geographic, service line or other similar criteria and, as a result, the summarized financial information includes portions
of Emera’s domestic and international operations. Accordingly, this basis of presentation is not intended to present Emera’s
financial condition or results of operations for any purpose other than to comply with the specific requirements for guarantor reporting.

Summarized Statement of Income (Loss)

| In millions of dollars |     | For the six months ended June 30, 2025 |     |   |     | For the year ended December 31, 2024 |      |   |
|:-----------------------|:----|:---------------------------------------|:----|:--|:----|:-------------------------------------|-----:|:--|
| Loss from operations   |     |                                        | (98 | ) |     |                                      | (279 | ) |
| Net (losses) gains(1)  |     |                                        | (24 | ) |     |                                      |  437 |   |

| (1) | Includes $344                                                                            
 million (2024 – $1,352 million) in interest and dividend income, net, from non-guarantor 
 subsidiaries.                                                                            |

Summarized Balance Sheet

|                          | In millions of dollars |     | As at June 30, 2025 |     |     | As at December 31, 2024 |
|:-------------------------|:-----------------------|:----|--------------------:|:----|:----|------------------------:|
| Current assets(1)        |                        |     |                 537 |     |     |                     393 |
| Goodwill                 |                        |     |               5,554 |     |     |                   5,858 |
| Other assets(2)          |                        |     |               2,840 |     |     |                   2,946 |
| Total assets(3)          |                        |     |               8,931 |     |     |                   9,197 |
| Current liabilities(4)   |                        |