The primary Emera (Caribbean) Incorporated (EC) objective is to consolidate and grow our business in the Caribbean region to at least CAD $100 million in earnings by the end of 2024.  

The business strategy employed by EC over this period is closely integrated with the Emera corporate strategy of growing earnings per share (EPS) and dividends by 4-6% per year, reducing portfolio carbon intensity, connecting and integrating renewables onto the grid, investing in natural gas infrastructure and investing in utilities where strategic value can be realized.

The stated EC target will be achieved by focusing on four main strategic areas:

Organic growth of existing EC businesses

  • Reducing costs and losses, increasing market share, increasing renewables and increasing fuel diversity

Leveraging resources across the EC group

  • Sharing human resources, spare parts, asset management philosophies, shared services, contractual leverage

Increasing the diversity and reach of current businesses

  • New local market opportunities, equipment maintenance, earning trust with local stakeholders, deregulated business options, transportation, communications, energy storage, fuel supply

Strategic acquisitions in the Caribbean region

  • Fuel supply, geothermal, renewables, natural gas IPP, equipment maintenance

To support the strategy, the operational principles we use to set and calibrate the business plan and everyday priorities are:

  • proactively improve safety culture and performance
  • systemically reduce fuel costs, operating costs and losses
  • increase shared services and resources across the group
  • optimize asset management across the fleet
  • shape and develop new regulated and deregulated business opportunities