CaribPR Wire

HALIFAX, Nova Scotia, Sept. 13, 2011 /PRNewswire/ — Emera Inc. (TSX: EMA): Chris Huskilson, President and CEO of Emera Inc., and Andrew Gittens, Chairman of The Barbados Light & Power Company, announced today the appointments of Mark King as Managing Director of The Barbados Light and Power (BL&P) and Bob Hanf as Executive Chairman of Light and Power Holding (LPH) and Director of BL&P, effective November 1, 2011.

 

Mark King, presently Chief Operating Officer will assume the role of Managing Director of BL&P with overall responsibility for the management and operations of the utility.  In his 35 years with BL&P Mr. King has held several senior level positions and has led many initiatives including the introduction of the first Supervisory Control and Data Acquisition (SCADA) system in 1984, and the Health, Safety, Environmental and Quality (HSEQ) which under his leadership obtained ISO9001 certification in 2008.

 

“I am pleased to be provided this opportunity and truly humbled by the vote of confidence the Board of Directors has shown in me.  I look forward to working with the management team and appreciate their continued commitment and dedication to our Company,” stated Mr. King.

 

Bob Hanf becomes Executive Chairman of LPH and a Director of BL&P. In his current role as Chief Legal Officer of Emera Inc., Bob has been working with BL&P and LPH as they become part of the Emera family of energy companies.

 

Mr. Hanf joined Emera in 2002 as General Counsel for Emera and its affiliates.  He became Chief Executive Officer of Emera affiliate Bangor Hydro in 2007 and returned to Emera Inc. in 2011 as Chief Legal Officer.  Prior to joining Emera Mr. Hanf was a partner with the law firm McCarthy Tétrault LLP.

 

Barbados is an important part of Emera’s business and as such we felt it crucial to provide a direct Emera connection to the island,” said Mr. Huskilson of the new role. “Bob is a senior leader in our Company with a vast array of experiences in utility management, stakeholder engagement, business development and law and will play a crucial strategic role in our Barbados business.”

 

“I am honoured to be taking on this new role within the Emera group of companies,” stated Mr. Hanf. “We see great opportunity for these Companies and for the country of Barbados and I look forward to working with the team and members of the community to realize this potential.”

 

Outgoing Managing Director of BL&P, Peter Williams, who was appointed as Managing Director of Light & Power Holdings in July of 2010, will continue in this role, reporting to LPH’s Board of Directors.  Wayne Crawley, President and CEO Emera Caribbean Limited will continue as a Director of Both LPH and BLP.

 

About Emera

Emera Inc. is an energy and services company with $6.6 billion in assets and 2010 revenues of $1.6 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera’s strategy is focused on the transformation of the electricity industry to cleaner generation and the delivery of that clean energy to market. Emera operates throughout northeastern North America, in three Caribbean countries and in California. More than 80% of the company’s earnings come from regulated investments. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA and EMA.PR.A. Additional information can be accessed at www.emera.com, www.sedar.com, or on www.sec.gov.

 

About Light & Power Holdings

Light & Power Holdings Ltd. is an investment company with electricity being its core business. The Company has a wholly owned regulated electric utility, The Barbados Light & Power Company Ltd., which has been serving electricity customers in Barbados since 1911. Electricity service is available to the entire island community.

 

About Barbados Light and Power

The Barbados Light & Power Company supplies electricity to over 122,000 customers in Barbados and has established itself as one of the leading electrical utilities in the Caribbean. The Company is committed to providing an efficient, safe and reliable electricity service to its customers. This year the Company celebrates 100 years of centralized electricity service to Barbados. Additional information can be accessed at www.blpc.com

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HALIFAX, Nova Scotia, May 2, 2011 /PRNewswire/ — (TSX: EMA) and (TSX: NSI.PR.D) James D. (Jim) Eisenhauer, FCA, has been appointed Chair of the Board of Directors of Nova Scotia Power. Mr. Eisenhauer succeeds George A Caines, Q.C., who has served as Chair since 2009 and as a director since 1995.

 Mr. Eisenhauer has been a Director of Nova Scotia Power Inc. since 2008. He is President and Chief Executive Officer of ABCO Group Limited, which has holdings in manufacturing and distribution activities. He is a Professional Engineer and a Fellow of the Institute of Chartered Accountants of Nova Scotia. Mr. Eisenhauer has been a member of the Board of Nova Scotia Business Inc. since 2005, and Chair since November, 2010. He is also a member of the Board of Composites Atlantic and Atlantic Industries Limited and chairs its Audit Committee.

 ”Jim is a businessman who understands Nova Scotia, but also has experience running a business that competes in global markets,” said Chris Huskilson, President and Chief Executive Officer of Emera Inc. “We benefit greatly from his decades of experience as a business leader and as a leader in the community.”

 ”I also want to thank George Caines for his leadership and guidance on both the Emera and Nova Scotia Power Boards,” continued Mr. Huskilson. “His contributions to our company over the last 16 years have been invaluable.”

 Mr. Caines, a partner with the Atlantic Canada law firm Stewart McKelvey and past President of the Neptune Theatre Foundation has completed his terms on the Emera and Nova Scotia Power boards.

 ”I want to pay tribute to the leadership of George Caines, whose service on our board – and as Chair – has helped shape the cleaner energy and customer service transformation under way at Nova Scotia Power,” said Mr. Eisenhauer.

 In addition to Mr. Eisenhauer, the Nova Scotia Power Board includes:

• Wesley Armour, President and Chief Executive Officer of Armour  Transportation Systems of Moncton, N.B.
• Lee Bragg, Chief Executive Officer of Eastlink, a Nova Scotia-based cable and communication company.
• Irene d’Entremont, C.M., President of ITG Information Management Inc. of Yarmouth, N.S.
• John McLennan, Chair of the Board of Emera Inc., and former Chair of the Board of Nova Scotia Power.
• Marie Rounding, Counsel to Gowling Lafleur Henderson LLP, and former President and Chief Executive Officer of the Canadian Gas Association.
• Elaine Sibson, Chair of the Nova Scotia Workers’ Compensation Board.
• Chris Huskilson, President and Chief Executive Officer of Emera Inc.
• Rob Bennett, President and Chief Executive Officer of Nova Scotia Power.

 Mr. Eisenhauer will stand as a nominee to Emera’s Board of Directors at the Annual General Meeting on May 4, 2011.

 About Emera

Emera Inc. is a growing energy and services company with $6.3 billion in assets and revenues of $1.6 billion. The company invests in electricity generation, transmission and distribution as well as gas transmission and utility energy services. Emera’s strategy is focused on the transformation of the electricity industry to cleaner generation, and the delivery of that clean energy to market. Emera operates throughout northeastern North America, in three Caribbean countries and in California. More than 80% of the company’s earnings come from regulated investments. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade under the symbols EMA and EMA.PR.A respectively. Additional information can be accessed at www.emera.com or www.sedar.com.

 About Nova Scotia Power

 Nova Scotia Power has provided electricity to Nova Scotians for more than 80 years. The company provides electricity generation, transmission and distribution services to almost 490,000 customers in the province. Nova Scotia Power is transforming its generation to reduce its carbon footprint and enable new economic activity by replacing fossil fuels with renewable energy sources. The company has $4.0 billion in assets and approximately 2,000 employees who are dedicated to safe work, enhanced customer service, system reliability and serving their communities. Nova Scotia Power is the largest wholly-owned subsidiary of Halifax-based Emera Inc.

 (EMA.)

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HALIFAX, Nova Scotia, Jan. 24, 2011 /PRNewswire/ — (EMA-TSX): Chris Huskilson, President and Chief Executive Officer, Emera Inc., announced that effective May 1, 2011, Nancy Tower, presently the Executive Vice President and Chief Financial Officer of Emera and Nova Scotia Power Inc., will assume the role of Executive Vice President, Business Development for Emera Inc. In addition to overall responsibility for business development, Ms. Tower will also oversee the Emera partnership with Nalcor Energy including the execution of the Lower Churchill Project as the CEO, Emera Newfoundland and Labrador.

 Ms. Tower, a Fellow Chartered Accountant, joined Nova Scotia Power in 1997 and has held senior positions in the company in Corporate Finance and Operations, including Controller and Vice President of Customer Operations. Ms. Tower serves on the Boards of a number of Emera investments including Bangor Hydro Electric Company, ICD Utilities, Brunswick Pipeline and Atlantic Hydrogen. Prior to joining Emera, Ms. Tower worked with Grant Thornton, A.I. Tower and Ernst and Young.

 Ms. Tower is a leader in our community, currently serving on the Board of Directors of Nova Scotia Business Inc., as well as, the Advisory Council of the Dalhousie University Corporate Residency MBA Program.  She is a past member of the Board of Trustees of the QEII Foundation, and the Board of Directors of CAA Atlantic.  She is the former Chair of the Nova Scotia Institute of Chartered Accountants and a graduate of Dalhousie University.

 Emera will begin an immediate search for a new CFO.

 Chris Huskilson also announces that effective immediately, Rick Janega, currently the Executive Vice President and Chief Operating Officer of Nova Scotia Power will assume the role of President, Emera Newfoundland and Labrador, reporting to Ms. Tower.

 Since joining the company in 1989, Mr. Janega has held increasingly senior positions at Nova Scotia Power including VP Operations, General Manager Power Production, Director of Plant Operations and Senior Manager of both Trenton and Point Tupper generating stations.  Mr. Janega was also Director of Business Development for generation projects at Emera Inc.

 A graduate of St. Francis Xavier University and the Technical University of Nova Scotia (Dalhousie University) Mr. Janega is a member of the Board of Directors for Northeast Power Coordinating Council (NPCC) an alumnus of the Governor General’s Leadership Conference and sits on the Board of Directors for Leave Out Violence.

 About Emera

 (EMA and EMA.PR.A – TSX) is an energy and services company with $5.8 billion Canadian dollars in assets. Electricity is Emera’s core business. Approximately 94% of Emera’s revenues are earned by Nova Scotia Power Inc (NSPI), Bangor Hydro Electric Company (BHE) and the Brunswick Pipeline. NSPI and BHE are wholly-owned regulated electric utilities which together serve 603,000 customers. The Brunswick Pipeline is a 145 km gas pipeline in New Brunswick. Emera also owns Maine and Maritimes Corporation, the parent company of Maine Public Service Company, a regulated electric utility serving approximately 36,000 electricity customers in Northern Maine, and MAM Services Group. In the Caribbean, Emera owns 19% of St. Lucia Electricity Services Limited, which serves more than 50,000 customers on the island of St. Lucia; 80.4% of Grand Bahama Power Company which serves 19,000 customers on the island of Grand Bahama; and 38% of Light & Power Holdings which serves 120,000 customers on the island of Barbados through its regulated electric utility The Barbados Light and Power Company. As well, Emera owns 8.2% of Algonquin Power & Utilities Corp. and 50% of Calpeco which serves 47,000 customers in California. In addition to its electric utility investments, Emera owns Bayside Power, a 260 MW gas-fired power plant in Saint John, New Brunswick; Emera Energy Services, a physical natural gas and power marketing and asset management business; a joint venture interest in Bear Swamp, a 600 megawatt pumped storage hydro-electric facility in northern Massachusetts; a 12.9% interest in the Maritimes & Northeast Pipeline; and an 8.2% interest in Open Hydro. Visit Emera on the web at www.emera.com.

 (EMA.)

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GRAND BAHAMA, Bahamas, Dec. 22, 2010 /PRNewswire/ — ICD Utilities Limited (ICD – BISX) announced today the closing of the transfer of 1,073,917 common shares (representing 10.74% of its shares) to Halifax based Emera Inc. (EMA – TSX) for $7.40 per share.  Emera purchased the ICD Utilities (ICD) shares from MaruEnergy Grand Bahama Limited, an indirect subsidiary of Marubeni TAQA Caribbean Ltd., as part of a transaction announced on December 2nd. 

 In 2008 Emera Inc. acquired 50 per cent of ICD. Today’s closing increases Emera’s interest in ICDU from 50 to 60 per cent. The remaining 40 per cent of ICD is held by individual shareholders. Emera also now owns majority interest (80.4 per cent) of Grand Bahama Power Limited.

 About ICD Utilities Limited

 ICD Utilities Limited (”ICD”) is a holding company incorporated under the laws of the Commonwealth of The Bahamas for the purpose of ownership of a 50% shareholding of Grand Bahama Power Company Limited.  ICD is listed on the Bahamas International Securities Exchange under the symbol ICD.  Prior to this transaction Emera Inc. owned 50% of ICD.

 About Emera Inc.

 (EMA and EMA.PR.A -TSX) is an energy and services company with $5.8 billion Canadian dollars in assets. Electricity is Emera’s core business. Approximately 94% of Emera’s revenues are earned by Nova Scotia Power Inc (NSPI), Bangor Hydro Electric Company (BHE) and the Brunswick Pipeline. NSPI and BHE are wholly-owned regulated electric utilities which together serve 603,000 customers. The Brunswick Pipeline is a 145 km gas pipeline in New Brunswick. Emera also owns Maine and Maritimes Corporation, the parent company of Maine Public Service Company, a regulated electric utility serving approximately 36,000 electricity customers in Northern Maine and MAM Services Group. In the Caribbean, Emera owns 19% of St. Lucia Electricity Services Limited, which serves more than 50,000 customers on the island of St. Lucia, 80.4% of Grand Bahama Power Company which serves 19,000 customers on the island of Grand Bahama and 38% of Light & Power Holdings, which serves 120,000 customers on the island of Barbados through its regulated electric utility, The Barbados Light and Power Company. In addition to its electric utility investments, Emera owns Bayside Power, a 260 MW gas-fired power plant in Saint John, New Brunswick; Emera Energy Services, a physical natural gas and power marketing and asset management business; a joint venture interest in Bear Swamp, a 600 megawatt pumped storage hydro-electric facility in northern Massachusetts; a 12.9% interest in the Maritimes & Northeast Pipeline; and an 8.2% interest in Open Hydro.

 

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HALIFAX, Nova Scotia, Dec. 2, 2010 /PRNewswire/ — Emera Inc. (TSX: EMA) announced today that it has purchased an additional 55.4 percent of direct and indirect interest in Grand Bahama Power Company Limited (GBPC) from MaruEnergy Grand Bahama Limited, an indirect subsidiary of Marubeni TAQA Caribbean Ltd., for US $82 million. The acquisition brings Emera’s direct and indirect interest in GBPC to 80.4 percent. 

In 2008, Emera acquired a 25 percent interest in GBPC through its acquisition of 50 percent of the shares of ICD Utilities Limited (ICDU), the holding company listed on The Bahamas International Securities Exchange (ICD-BISX) which holds 50 percent of the shares of GBPC. This acquisition also makes Emera Inc. the majority shareholder of ICDU. The remaining 19.6 per cent of GBPC is held by other ICDU shareholders. 

 ”Emera’s Caribbean presence is strengthened by our majority ownership in Grand Bahama Power,” said Chris Huskilson, President and Chief Executive Officer of Emera Inc. “We look forward to serving the customers on Grand Bahama and bringing the efficiency and reliability of the electrical system on the island up to Emera standards.”

 ”We welcome Emera’s increased investment in the Grand Bahama Power Corporation,” said Minister Neko Grant, Minister of Public Works and Transport. “We look forward to working with Emera to the mutual benefit of the company and Grand Bahama.”

 GBPC is the only utility operator on Grand Bahama Island, serving 19,000 customers.  The generation consists of one facility with 137 MW of installed oil-fired capacity.  The Grand Bahama Port Authority Limited regulates the utility and has granted GBPC a licensed, regulated and exclusive franchise to produce, transmit and distribute electricity on the Island until 2054.  There is a fuel pass through mechanism and flexible tariff adjustment policies to ensure that costs are recovered and a reasonable return is earned.

 The transaction is subject to regulatory approvals in the Bahamas. Through its investment in GBPC and ICDU, Emera will appoint a number of new Bahamian members to the GBPC Board of Directors.  Emera will finance today’s acquisition through existing credit facilities.

 Cautionary Statement Regarding Forward-Looking Information:

 This release contains forward-looking information and should not be read as a guarantee of future events, performance or results, and will not necessarily be an accurate indication of whether, or the times at which, such events, performance or results will be achieved.  Emera disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

 About Emera:

 Emera Inc. (EMA and EMA.PR.A -TSX) is an energy and services company with $5.8 billion Canadian dollars in assets. Electricity is Emera’s core business. Approximately 94% of Emera’s revenues are earned by Nova Scotia Power Inc (NSPI), Bangor Hydro Electric Company (BHE) and the Brunswick Pipeline. NSPI and BHE are wholly-owned regulated electric utilities which together serve 603,000 customers. The Brunswick Pipeline is a 145 km gas pipeline in New Brunswick. Emera also owns 19% of St. Lucia Electricity Services Limited, which serves more than 50,000 customers on the Caribbean island of St. Lucia, 25% of Grand Bahama Power Company which serves 19,000 customers on the Caribbean island of Grand Bahama and 38% of Light & Power Holdings which serves 120,000 customers on the Caribbean island of Barbados through its regulated electric utility, The Barbados Light and Power Company. In addition to its electric utility investments, Emera owns Bayside Power, a 260 MW gas-fired power plant in Saint John, New Brunswick; Emera Energy Services, a physical natural gas and power marketing and asset management business; a joint venture interest in Bear Swamp, a 600 megawatt pumped storage hydro-electric facility in northern Massachusetts; a 12.9% interest in the Maritimes & Northeast Pipeline; and an 8.2% interest in Open Hydro. Visit Emera on the web at www.emera.com

 About GBPC:

 Grand Bahama Power Company Ltd. is a totally integrated utility company serving the island’s 45,000 residents and commercial establishments from east to west. The company employs over 200 Bahamians and has one of the lowest electricity rates in the Caribbean. For more information about Grand Bahama Power Company please visit: www.gb-power.com

 For further information:

Emera – Investor Relations:

Jennifer Nicholson, CA

Senior Director, Stakeholder Relations

(902) 428-6347

Emera – Media Relations:

Sasha Irving

Director, Corporation Communications

(902) 428-6685

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