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Emera Reports 2021 Second Quarter Financial Results HALIFAX , Nova Scotia -- ( BUSINESS WIRE ) -- Today Emera ( TSX : EMA ) reported 2021 second quarter financial results . Highlights • Adjusted EPS increased by $ 0.06 or 13 % to $ 0.54 from $ 0.48 in 2020 driven by lower financing costs and the timing impact of preferred dividend payments , as well as from increased earnings at Peoples Gas ( " PGS " ) and Emera Energy Services ( " EES " ) , partially offset by lower earnings in Tampa Electric primarily due to the effects of a stronger Canadian dollar ( " CAD " ) • Year - to - date Adjusted EPS increased by $ 0.22 or 17 % to $ 1.49 from $ 1.27 in 2020 representing a 17 % increase year over year . • Tampa Electric filed a three - year settlement agreement , which if approved will provide additional revenue increases over three years beginning in January 1 , 2022 with expected incremental increases in revenues of $ 191M USD in 2022 , $ 90M USD in 2023 and $ 21M USD in 2024 . " Our strong start to the year continued through the second quarter with solid EPS growth despite foreign exchange impacts , " said Scott Balfour , President and CEO of Emera Inc. " We are also very pleased with the unanimously supported settlement agreement reached with all intervening consumer parties in the Tampa Electric rate request that positions us to continue to deliver affordable , cleaner energy while making important investments in grid modernization and resiliency for our customers . This settlement represents the successful culmination of rates cases in our three US utilities and demonstrates the strength of our strategy as we continue to lead the energy transition towards a low carbon future . " Quarterly Financial Results Q2 2021 reported net loss of $ 17 million , or $ ( 0.07 ) per common share , compared with net income of $ 58 million , or $ 0.24 per common share , in Q2 2020. Q2 2021 included a $ 154 million after - tax mark - to - market loss , compared to a $ 45 million mark - to - market loss last year . Q2 2021 adjusted net income was $ 137 million , or $ 0.54 per common share , compared with $ 118 million , or $ 0.48 per common share , in Q2 2020 . Growth in quarterly adjusted net income was largely due to the timing of the preferred dividend declaration in Q2 2020 , lower corporate interest expense and increased