• Emera’s combination with Canadian Utilities is expected to close in the third or fourth quarter of 2027, subject to required approvals.
• Non-ATCO Class A shareholders receive 0.755 Emera common shares per share; non-ATCO Class B shareholders receive 0.819.
• ATCO shareholders receive 0.865 Emera common shares per share, adjusted for certain assumed liabilities, and one New ATCO share per share.
• Emera shareholders will own approximately 60% of the combined company; CU free-float shareholders and ATCO shareholders will each own approximately 20%.
• The combined business will have a CAD 45 billion rate base, with approximately 80% of adjusted earnings from Florida and Alberta.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canadian Utilities Limited published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.