Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 12

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 12
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20, 2016. The Issuer is owned indirectly by Emera through EUSHI.
The Issuer 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.

Organizational Structure

The following chart provides
a summary of Emera’s organizational structure as of December 31, 2024. The chart depicts (i) Emera’s reportable segments (including
consolidated and non-consolidated investments) and (ii) selected subsidiaries of Emera, including EUSHI and the Issuer.

<div align='center'>S-1</div>

| (1) | On August 5,                                                                                
 2024, Emera entered into an agreement to sell New Mexico Gas Company, Inc. See “Significant 
 Items Affecting Earnings” and “Other Developments” in Emera’s management                    
 discussion and analysis of financial position and results of operations as of and for the   
 three-month and six-month periods ended June 30, 2025 filed as Exhibit 99.1 to Emera’s      
 Form 6-K furnished on August 8, 2025 and incorporated by reference herein.                  |

<div align='center'>S-2</div>

The Offering The summary below describes the principal terms of the Notes. The “Description of the Notes” section of this prospectus contains a more detailed description of the terms and conditions of the Notes.

| Issuer                 | EUSHI Finance, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Guarantors             | Emera Incorporated and Emer