Emera Inc 6-K, filed Oct 19, 2026

About this 6-K

Emera Inc (EMA)

6-K 2026-10-19 For: 2026-10-19

Added on October 19, 2026

EMERA INCORPORATED

Date: October 19, 2026

/s/ Brian Curry

Name: Brian Curry

Title: Corporate Secretary

Emera Inc filed this 6-K on October 19, 2026.

Emera Incorporated entered an October 6, 2026 Arrangement Agreement with ATCO Ltd., Canadian Utilities Limited and 2856571 Alberta Ltd. to acquire all ATCO and Canadian Utilities Shares for Emera Shares, following a spin-out of assets to SpinCo, under Section 192 of the CBCA. AI summary

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Exhibit No.		Description

99.1		Arrangement Agreement dated October 6, 2026 among Emera Incorporated, ATCO Ltd., Canadian Utilities Limited and 2856571 Alberta Ltd.

99.2		Form of Voting and Support Agreement between Emera Incorporated and the Directors and Officers of Canadian Utilities Limited

99.3		Form of Voting and Support Agreement between Emera Incorporated and the Directors and Officers of ATCO Ltd.

99.4		Form of Voting and Support Agreement among ATCO Ltd., Canadian Utilities Limited and the Directors and Officers of Emera Incorporated

99.5		Voting Support Agreement dated October 6, 2026 between Sentgraf Enterprises Ltd. and Emera Incorporated

99.6		Voting Support Agreement dated October 6, 2026 between ATCO Ltd. and Emera Incorporated

99.7		Voting Support Agreement dated October 6, 2026 between Sentgraf Holdings Ltd. and Emera Incorporated

99.8		Voting Support Agreement dated October 6, 2026 between the Margaret E. Southern Spousal Trust and Emera Incorporated


			Page

ARTICLE 1 INTERPRETATION				3

	1.1	Definitions		3
	1.2	Interpretation Not Affected by Headings, etc.		28
	1.3	Number, etc.		28
	1.4	Date for Any Action		28
	1.5	Entire Agreement		29
	1.6	Currency		29
	1.7	Accounting Matters		29
	1.8	Disclosure in Writing		29
	1.9	References to Legislation		29
	1.10	Knowledge		29
	1.11	No Strict Construction		30
	1.12	Schedules		30

ARTICLE 2 THE ARRANGEMENT AND MEETINGS				30

	2.1	Arrangement		30
	2.2	Interim Order		30
	2.3	ATCO Board Recommendation		33
	2.4	Canadian Utilities Board Recommendation		34
	2.5	Emera Board Recommendation		34
	2.6	Circular and Meetings		35
	2.7	Court Proceedings		37
	2.8	Effective Date		38
	2.9	Payment of Consideration		39
	2.10	Post-Closing Governance and Management		39
	2.11	Employee Matters		40
	2.12	SpinCo Employees		41
	2.13	Treatment of Incentives		41
	2.14	Applicable U.S. Securities Laws		43
	2.15	Spin-Out Transaction and Spin-Out Matters		44
	2.16	Income Tax Matters and Withholding Obligations		45

ARTICLE 3 COVENANTS AND ADDITIONAL AGREEMENTS				46

	3.1	Conduct of Business of Emera		46
	3.2	Conduct of Business of the Companies		49
	3.3	Covenants Regarding the Arrangement		54
	3.4	Additional Covenants of Emera		60
	3.5	Additional Covenants of the Companies		61
	3.6	Covenants Regarding SpinCo		63
	3.7	Key Regulatory Approvals		63
	3.8	Pre-Closing Reorganization		68

ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF EMERA				68

	4.1	Representations and Warranties of Emera		68
	4.2	Investigation		69
	4.3	Disclaimer		69
	4.4	Survival of Representations and Warranties		69

ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF THE COMPANIES AND SPINCO				69

	5.1	Representations and Warranties of Canadian Utilities		69
	5.2	Representations and Warranties of ATCO		69
	5.3	Representations and Warranties of SpinCo		69


	5.4	Investigation	69
	5.5	Disclaimer	69
	5.6	Survival of Representations and Warranties	70

ARTICLE 6 CONDITIONS PRECEDENT			70

	6.1	Mutual Conditions Precedent	70
	6.2	Additional Conditions to Obligations of Emera	71
	6.3	Additional Conditions to Obligations of the Companies	72
	6.4	Notice and Cure Provisions	73
	6.5	Merger of Conditions	74

ARTICLE 7 ADDITIONAL AGREEMENTS			74

	7.1	Covenants Regarding Non-Solicitation	74
	7.2	Access to Information; Confidentiality	81
	7.3	Insurance and Indemnification	82
	7.4	Financial Advisors	83
	7.5	Privacy Issues	83

ARTICLE 8 AMENDMENT			85

	8.1	Amendment	85

ARTICLE 9 TERMINATION AND TERMINATION FEES			85

	9.1	Termination	85
	9.2	Notice and Effect of Termination	87
	9.3	Waiver	88
	9.4	Termination Fees	88
	9.5	Quantum of Termination Fees and Specific Performance	91
	9.6	Fees and Expenses	91

ARTICLE 10 NOTICES			92

	10.1	Notices	92

ARTICLE 11 GENERAL			93

	11.1	Binding Effect	93
	11.2	Assignment	93
	11.3	Disclosure	93
	11.4	Severability	94
	11.5	Further Assurances	94
	11.6	Time of Essence	94
	11.7	Governing Law	94
	11.8	Specific Performance	95
	11.9	Third Party Beneficiaries	95
	11.10	Counterparts	95


SCHEDULES

SCHEDULE “A”	-	Plan of Arrangement
SCHEDULE “B”	-	Form of ATCO Arrangement Resolution and Continuance Resolution
SCHEDULE “C”	-	Form of Canadian Utilities Arrangement Resolution
SCHEDULE “D”	-	Form of Emera Share Issuance Resolution
SCHEDULE “E”	-	Representations and Warranties of Emera
SCHEDULE “F”	-	Representations and Warranties of Canadian Utilities
SCHEDULE “G”	-	Representations and Warranties of ATCO
SCHEDULE “H”	-	Representations and Warranties of SpinCo
SCHEDULE “I”	-	Form of Separation Agreement
SCHEDULE “J”	-	Transition Plan


EMERA INCORPORATED

By:		/s/ Scott Balfour
		Name: Scott Balfour
		Title: President & Chief Executive Officer

By:		/s/ Jared Green
		Name: Jared Green
		Title: Chief Financial Officer

ATCO LTD.

By:		/s/ Katherine-Jane Patrick
		Name: Katherine-Jane Patrick
		Title: Executive Vice President, Chief Financial & Investment Officer

By:		/s/ Colin R. Jackson
		Name: Colin R. Jackson
		Title: Senior Vice President, Financial Operations

CANADIAN UTILITIES LIMITED

By:		/s/ Robert J. Myles
		Name: Robert J. Myles
		Title: Chief Executive Officer

By:		/s/ Rebecca A. Penrice
		Name: Rebecca A. Penrice
		Title: Executive Vice President, Chief Administration Officer

2856571 ALBERTA LTD.

By:		/s/ Katherine-Jane Patrick
		Name: Katherine-Jane Patrick
		Title: Executive Vice President

By:		/s/ Colin R. Jackson
		Name: Colin R. Jackson
		Title: Senior Vice President


Article 1 INTERPRETATION		2

1.1	Definitions	2

1.2	Construction	22

1.3	References to Old ATCO Entities and SpinCo Entities	23

1.4	Currency	23

1.5	Schedules	23

Article 2 THE SEPARATION		24

2.1	Separation	24

2.2	Implementation	24

2.3	Transfer of Assets	24

2.4	Further Assurances	26

2.5	Certain Resignations	28

2.6	Settlement of InterCompany Accounts	29

2.7	Cooperation	29

2.8	No Representations or Warranties	29

Article 3 OTHER MATTERS		30

3.1	Employee Matters Agreement	30

3.2	IP Matters Agreement	30

Article 4 POST-SEPARATION INTERCOMPANY MATTERS		30

4.1	Litigation	30

4.2	Treatment of Payments Post-Separation	30

4.3	Replacement of Credit Support Obligations	31

Article 5 INSURANCE MATTERS		32

5.1	Termination of Insurance on the Transferred Assets and Liabilities	32

5.2	Administration of Current Insurance Arrangements	33

5.3	Directors’ and Officers’ Insurance	34

5.4	Cooperation	34

Article 6 TAX MATTERS		35

6.1	Tax Cooperation	35

6.2	Tax Returns	35

6.3	Tax Contests	36

6.4	Separation Tax Adjustment	38

Article 7 ACCESS TO INFORMATION AND CONFIDENTIALITY		39

7.1	Corporate Minute Books and Corporate Seals	39

7.2	Access to Records	40

7.3	Privileged Information	41



7.4	Utilities Information	42

7.5	Retention of Records	43

7.6	Confidentiality	43

7.7	Restricted Information Practices	45

7.8	Cooperation with Respect to Government Reports and Filings	45

7.9	Limitations on Providing Access to Records	46

7.10	Privacy	46

7.11	Protective Arrangements	47

7.12	Business Decisions	47

7.13	Limited Liability	48

Article 8 TERMINATION AND MUTUAL RELEASE		48

8.1	Termination of Agreements	48

8.2	Mutual Release	49

Article 9 INDEMNIFICATION		50

9.1	Indemnification of the Old ATCO Entities and the Retained Subsidiaries	50

9.2	Indemnification of the SpinCo Entities	51

9.3	Continuing Indemnification Obligations	51

9.4	Indemnification Agreements	52

9.5	Backstop Indemnity	52

9.6	Other Liabilities	52

9.7	Failure to Give Timely Notice	52

9.8	Reductions and Subrogation	52

9.9	Judgment Currency	53

9.10	Exclusive Remedy	54

9.11	Mitigation	54

9.12	Third Party Claims	54

9.13	Direct Claims	56

9.14	Trustee and Agent	56

Article 10 DISPUTE RESOLUTION		56

10.1	Dispute Resolution Procedures	56

10.2	Senior Officers’ Conference	56

10.3	Arbitration	57

Article 11 GENERAL PROVISIONS		58

11.1	Termination	58

11.2	Further Assurances	58

11.3	Transaction Costs	58


Schedule 1.1(a)		[Schedule redacted]
Schedule 1.1(b)		[Schedule redacted]
Schedule 1.1(c)		[Schedule redacted]
Schedule 1.1(d)		[Schedule redacted]
Schedule 1.1(e)		[Schedule redacted]
Schedule 1.1(f)		[Schedule redacted]
Schedule 1.1(g)		[Schedule redacted]
Schedule 1.1(h)		[Schedule redacted]
Schedule 1.1(i)		[Schedule redacted]
Schedule 1.1(j)		[Schedule redacted]
Schedule 1.1(k)		[Schedule redacted]
Schedule 1.1(l)		[Schedule redacted]
Schedule 1.1(m)		[Schedule redacted]
Schedule 1.1(n)		[Schedule redacted]
Schedule 2.3(b)(iii)		[Schedule redacted]
Schedule 2.3(b)(iv)		[Schedule redacted]
Schedule 2.3(b)(v)		[Schedule redacted]
Schedule 2.3(c)		[Schedule redacted]
Schedule 9.4		[Schedule redacted]

Schedule 11.3(a)		[Schedule redacted]


ATCO LTD.				2856571 ALBERTA LTD.

Per:				Per:
Name:				Name:
Title:				Title:

Per:				Per:
Name:				Name:
Title:				Title:


By:
		(Signature)

		(Print Name)

		(Place of Residency)

		(Title)

		Address:


Schedule “A” -		Subject Securities
Schedule “B” -		Affiliate Equity Disclosure


Attention:		[name and position redacted]
Email:		[email address redacted]


Attention:		John Macfarlane; Jeremy Fraiberg; Kai Sheffield
Email:		jmacfarlane@osler.com; jfraiberg@osler.com; ksheffield@osler.com


SENTGRAF ENTERPRISES LTD.

Per:	/s/ Nancy C. Southern
	Name:	Nancy C. Southern
	Title: Vice President & Director

Per:	/s/ Linda A. Southern-Heathcott
	Name:	Linda A. Southern-Heathcott
	Title: Vice President & Director


ATCO Shares
Name of Registered Holder	ATCO Class I Shares*	ATCO Class II Shares*	Total*
Sentgraf Enterprises Ltd.	26,022,011	11,542,320	37,564,331


Canadian Utilities Shares
Name of Registered Holder	Canadian Utilities Class A Shares*	Canadian Utilities Class B Shares*	Total*
Sentgraf Enterprises Ltd.	Nil	289,600	Nil


ATCO Shares
Name of Registered Holder	ATCO Class I Shares*	ATCO Class II Shares*	Total*
Sentgraf Enterprises Ltd.	26,022,011	11,542,320	37,564,331
Sentgraf Holdings Ltd.	964,902	Nil	964,902
TOTAL	26,986,913	11,542,320
Canadian Utilities Shares
Name of Registered Holder	Canadian Utilities Class A Shares*	Canadian Utilities Class B Shares*	Total*
Sentgraf Enterprises Ltd.	Nil	289,600	Nil


ATCO LTD.

Per:		/s/ Katherine-Jane Patrick
		Name: Katherine-Jane Patrick
		Title: Executive Vice President, Chief Financial & Investment Officer

Per:		/s/ Colin R. Jackson
		Name: Colin R. Jackson
		Title: Senior Vice President, Financial Operations


SENTGRAF HOLDINGS LTD.

Per:		/s/ Nancy C. Southern
		Name: Nancy C. Southern
		Title: President & Director

Per:		/s/ Linda A. Southern-Heathcott
		Name: Linda A. Southern-Heathcott
		Title: Secretary & Director


MARGARET E. SOUTHERN SPOUSAL TRUST

Per:		/s/ Nancy C. Southern
		Name: Nancy C. Southern
		Title: Trustee

Per:		/s/ Linda A. Southern-Heathcott
		Name: Linda A. Southern-Heathcott
		Title: Trustee