2002 News Releases
Emera Invests Additional $75 Million In Nova Scotia Power
HALIFAX, Nova Scotia, December 4, 2002, (TSX:EMA): Emera Inc. announced today that it has invested $75.0 million in new equity in its subsidiary, Nova Scotia Power Inc.
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NS Power: New Power Rates Take Effect
Halifax, Nova Scotia, December 4, 2002: New power rates for customers of Nova Scotia Power have been approved by the Nova Scotia Utility and Review Board. For residential customers it means an increase of 3 % or $2.30 a month.
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Emera Inc. Announces Closing Of $155.8 Million Common Share Offering
HALIFAX, Nova Scotia, December 3, 2002, (TSX:EMA): Emera Inc. announced today that it has closed its public offering of 9,500,000 Common Shares for gross proceeds to the Company of $155.8 million. The offering was underwritten by a syndicate led by Scotia Capital Inc.
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Nova Scotia Power Postpones Rate Application
Halifax, Nova Scotia, November 18 2002: Nova Scotia Power Inc. (NSPI) announced today that it will not proceed with its 2003 rate application, which was filed earlier this year.
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Ian Thompson Joins Emera as Vice President
HALIFAX, Nova Scotia, November 14, 2002, (TSX: EMA): Emera Inc. announced today that Ian Thompson has joined the company as Vice President, External Relations. In this role he will be responsible for leading strategy formulation and managing staff in the areas of Public Affairs, Government Relations, Corporate Communications and Environmental Policy.
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Emera Inc. Announces Treasury Issue Of Common Shares
HALIFAX, Nova Scotia, November 12, 2002, (TSX:EMA): Emera Inc. announced today that it has entered into an agreement with an underwriting syndicate led by Scotia Capital Inc., pursuant to which the underwriters have agreed to buy from Emera and sell to the public 9,500,000 Common Shares of the Company.
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Emera Reports Q3 2002 Earnings Of $16.2 Million
Nova Scotia Power Likely To Amend 2003 Rate Application
HALIFAX, Nova Scotia, November 1, 2002, (TSX:EMA): Emera Inc.'s consolidated earnings were $16.2 million in the third quarter of 2002, compared to $17.3 million for the same period in 2001.
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NSPI Receives UARB Ruling on 2002 Rate Application
Halifax, Nova Scotia, October 23, 2002. Today, Nova Scotia Power received a ruling from the Nova Scotia Utility and Review Board (UARB) regarding the power company's 2002 rate application.
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Emera Approves Quarterly Dividend
Halifax, Nova Scotia, October 4, 2002: The Board of Directors of Emera Inc. (TSX: EMA) today approved a quarterly dividend of $0.2150 per common share.
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NSPI Proposal: Manage Taxes, No Further Increase
Halifax, Nova Scotia, September 5 2002: Nova Scotia Power Inc. (NSPI) has filed a rate application with the Nova Scotia Utility and Review Board (UARB) proposing to manage substantially higher tax expenses, without a further increase in power rates.
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Emera Reports Q2 2002 Earnings Of $15.7 Million
HALIFAX, Nova Scotia, August 1, 2002, (TSX:EMA): Emera Inc.'s consolidated earnings were $15.7 million in the second quarter of 2002, compared to $15.6 million for the same period in 2001.
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NS Power Requests Timetable for Fall Rate Case
Halifax, Nova Scotia, July 18 2002: Nova Scotia Power Inc. (NSPI) has submitted a Notice of Application with the Nova Scotia Utility and Review Board requesting a timetable for a fall rate hearing to address a $49 million increase in its tax expenses in 2003.
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Emera Approves Quarterly Dividend
Halifax, Nova Scotia, July 05, 2002: The Board of Directors of Emera Inc. today approved a quarterly dividend of $0.2150 per common share.
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News Release
HALIFAX, Nova Scotia, June 14, 2002: Four senior Nova Scotia Power safety specialists are working with Department of Environment and Labour officials to determine the cause of an accident that took the life of 37-year-old power line technician Michael Murrin on Friday morning.
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Nova Scotia Power Counsels Employees
Halifax, Nova Scotia, June 14, 2002: Nova Scotia Power employees have been reminded that support services are available to them.
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Nova Scotia Power Investigating Fatality in Sydney
Halifax, Nova Scotia, June 14, 2002: Nova Scotia Power has confirmed that a power line technician, 37 year-old Michael Murrin, was killed this morning as a result of an accident involving a transport truck.
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Emera Supports IWK Telethon
Halifax, Nova Scotia, May 31, 2002: Emera would like to remind Maritimers that the IWK Telethon for Children is taking place this weekend. The regional energy company says it's an ideal time to talk to families about the importance of safety and injury prevention.
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Emera Reports 1st Quarter Earnings of $33.6 Million
Nova Scotia Power Pulls Down Results
HALIFAX, Nova Scotia, April 30, 2002, (TSE:EMA): Emera Inc.'s consolidated earnings were $33.6 million in the first quarter of 2002, compared to $43.6 million for the same period in 2001.
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Emera Approves Quarterly Dividend
Halifax, Nova Scotia, April 17, 2002: The Board of Directors of Emera Inc. today approved a quarterly dividend of $0.2150 per common share. The dividend is payable on and after May 15, 2002 to common shareholders of record at the close of business on May 1, 2002.
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Nova Scotia Power Hit with Sudden Tax Increase
HALIFAX, Nova Scotia, March 21, 2002: (TSE:EMA) Nova Scotia Power Inc. (NSPI) was today informed of a new provincial tax to take effect April 1, 2002.
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Submission to the Petroleum Directorate Regarding The Policy Statement on Gas Distribution in Nova Scotia
Halifax, Nova Scotia, March 13, 2002: Emera is pleased to submit its response to the draft Policy Statement on Gas Distribution in Nova Scotia, released by the Nova Scotia Government on January 30, 2002.
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Acquisitions Boost Emera 2001 Earnings
Bangor Hydro Adds $5.4 Million in Fourth Quarter
HALIFAX, Nova Scotia, February 15, 2002, (TSE:EMA): Emera Inc.'s consolidated earnings increased to $114.2 million for the year ended December 31, 2001, up from $104.4 million in 2000.
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Nova Scotia Power Successful in First Stage of Federal Tax Case
HALIFAX, Nova Scotia, January 30, 2002: Nova Scotia Power Inc. (NSPI) announced today that the Tax Court of Canada has ruled in its favor on the issue of whether the company is allowed income tax deductions related to the capitalization of interest on assets constructed by its predecessor company.
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