Emera Inc., incorporated in Canada on July 23, 1998, is a North American energy service provider that owns and operates a portfolio of service cost, rate-regulated electric and natural gas utilities. The company's largest operations are in Florida, with additional operations in Atlantic Canada, New Mexico and the Caribbean. Headquartered in Halifax, Nova Scotia, Emera's business strategy focuses on continuous investment in its regulated utilities, operational excellence and efficiency in order to reliably provide energy to its 2.7 million customers. A company's profit opportunity in a regulated utility depends on the size of the net investment, equity in the capital structure, and target returns, all of which are established through regulation.