Emera is geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and in four Caribbean countries. Emera targets having 75%-85% of its adjusted earnings come from rate-regulated businesses, with the remainder coming from merchant generation. The company surpassed this target in 2017 with over 95% of earnings regulated, including Teco.