HALIFAX, Jan. 24 /CNW/ - (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
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.
(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.
SOURCE EMERA INC.
For further information:
Jennifer Nicholson, CA
Senior Director, Stakeholder Relations
Director, Corporation Communications