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Emera Emera Reports 2021 Third Quarter Financial Results HALIFAX , Nova Scotia -- Today Emera ( TSX : EMA ) reported 2021 third quarter financial results . Highlights • Adjusted EPS¹ increased by $ 0.01 or 1 % to $ 0.68 from $ 0.67 in Q3 2020 driven by increased earnings contributions from PGS and EES , lower corporate interest expense , and lower income tax expense at NSPI , partially offset by the timing of the preferred dividend declaration in 2020 and the impact of a stronger Canadian dollar ( " CAD " ) . Reported EPS decreased by $ 0.61 to a loss of $ 0.27 from $ 0.34 in Q3 2020 due to mark - to - market losses . Year - to - date , adjusted EPS¹ increased by $ 0.24 to $ 2.17 from $ 1.93 in 2020 representing a 12 % increase year - over - year . Reported EPS decreased by $ 1.97 to $ 0.73 from $ 2.70 over the same period last year . Tampa Electric's three - year settlement agreement was approved by the Florida Public Service Commission clearing the path to additional revenue increases over three years beginning in January 1 , 2022 with expected incremental increases of $ 191M USD in 2022 , $ 90M USD in 2023 and $ 21M USD in 2024 . In August Nalcor commenced delivery of the ' Nova Scotia Block ' of clean energy from the Muskrat Falls hydroelectric project through the Maritime Link transmission system to Nova Scotia . Emera's Board of Directors approved an increase in the annual common share dividend to $ 2.65 from $ 2.55 per common share and extended its dividend growth rate target of four to five per cent through to 2024. This increase represented the 15th annual dividend increase in a row . " We are pleased to deliver another solid quarter as we continue to advance our strategy of delivering cleaner , more reliable energy at a pace that never loses sight of affordability for our customers . " says Scott Balfour , President & CEO of Emera Inc. “ With the increasing focus by policymakers on decarbonization coupled with ongoing demand from customers for cleaner energy , we are well positioned to continue to deliver growth and value for our customers , communities and shareholders . " Quarterly Financial Results Q3 2021 reported net loss of $ 70 million , or $ ( 0.27 ) per common share , compared with net income of $ 84 million , or $ 0.34 per common share , in Q3 2020. Q3 2021 included a $ 245 million after - tax mark - to - market loss , compared to a $ 82 million mark - to - market loss last year . Q3 2021 adjusted net income¹ was $ 175 million , or $ 0.68 per common share , compared with $ 166 million , or $ 0.67 per common share , in Q3 2020 . Growth in quarterly adjusted net income¹ was largely due to increased earnings contributions from PGS and EES , lower corporate interest expense , and lower income tax expense at NSPI . These were partially offset by the timing of the preferred dividend declaration in Q2 2020 , and the impact of a stronger CAD . Year - to - date Financial Results Year - to - date reported net income was $ 186 million or $ 0.73 per common share , compared with a net income of $ 665 million or $ 2.70 per common share year - to - date in 2020. Year - to - date reported net income included a $ 369 million after - tax mark - to - market loss primarily at Emera Energy . 1