Emera raises rate base growth forecast to 7.5%-8.5% through 2031
EMA•Emera forecasts CAD 21.5 billion in capital spending for 2027-2031, up CAD 1.1 billion from its previous plan, and projects annual rate base growth of 7.5%-8.5% through 2031. It targets annual adjusted earnings per share growth of 5%-7% through 2030 and dividend growth of 1%-2%.
1. Spending and growth targets
Emera forecasts CAD 21.5 billion in capital spending for 2027-2031, CAD 1.1 billion more than in its previous plan. It raised its projected compound annual rate base growth to 7.5%-8.5% through 2031 from 7%-8% previously.
2. Florida investment
Florida accounts for about 82% of planned spending, or CAD 17.5 billion, to support customer growth, reliability and grid modernization. Emera targets adjusted earnings per share growth of 5%-7% annually through 2030, using CAD 2.94 in 2024 as the base, and annual dividend growth of 1%-2%, following 20 consecutive years of increases.
