Electricity is at the heart of Emera’s business.
For 80 years, Nova Scotia Power Inc., a subsidiary of Emera, has been the primary supplier of safe and reliable power to Nova Scotians. In 2001, Bangor-Hydro Electric Company was acquired to provide a secure source of electricity for 116,000 customers in eastern Maine. Emera also owns 19% of St. Lucia Electricity Services Limited, an electricity utility serving more than 50,000 customers on the Caribbean island of St. Lucia.
Emera continues to grow and diversify.
Pushing into the New England energy market, Emera has a 50% joint venture interest in Bear Swamp, a hydro-electric facility in Massachussets. It has also acquired a 12.9% interest in the Maritimes & Northeast Pipeline, and is building Brunswick Pipelines, both to transport natural gas to customers in Atlantic Canada and the northeastern US. Emera also owns Emera Energy Services, an energy management company, and Emera Utility Services, the largest utility services contractor in Atlantic Canada.
Progress is made in creating shareholder value.
Emera Inc. (EMA-TSX), with $4.2 billion in assets, is generating results for its shareholders and its customers. It is gaining strategic footholds in new markets as it adds to its diverse and dynamic portfolio of energy supply subsidiaries. Emera is building greater capacity to meet stakeholders’ needs and pursuing new opportunities to meet tomorrow’s energy requirements.