Algonquin Power & Utilities Corp

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Algonquin Power & Utilities Corp (APUC) and Emera jointly own and operate assets through US utility company California Pacific Electric Company (Calpeco), LLC. Emera’s 20.8% equity interest in APUC allows for a share in APUC’s clean, renewable electric generation and sustainability utility distribution businesses. APUC’s focus on unregulated renewables and small electric and gas utilities provides a broad platform for growth in Emera’s renewables strategy.

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Cape Sharp Tidal & OpenHydro

Cape Sharp Tidal

Cape Sharp Tidal is a joint venture between Emera and OpenHydro, a DCNS company, with the objective of providing tidal energy to Nova Scotians. Cape Sharp Tidal is aiming to deploy a fully grid-connected 4MW tidal array in the Bay of Fundy in 2016. This project has potential to be one of the world's first multi-megawatt arrays of interconnected tidal turbines, providing energy to more than 1,000 customers in Nova Scotia. Cape Sharp Tidal is seeking to use the initial 4MW farm as the first phase of a commercial-scale project which, subject to regulatory approvals, will see the development grow to an output of 16MW in 2017, 50MW in 2019, and up to 300MW of energy in the 2020s, generating power for nearly 75,000 customers.

Emera owns a 3.3% interest in OpenHydro, a company that designs and manufactures marine turbines to harness energy from tidal currents.

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Maritimes & Northeast Pipeline

Maritimes & Northeast Pipeline, New Brunswick

Emera has a 12.9% interest in Maritimes & Northeast Pipeline (M&NP), which is co-owned by Spectra Energy and Exxonmobil Canada. 

The 1,400-kilometre pipeline transports natural gas from the Sable reserves to markets in Atlantic Canada and the Northeast US. 

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