HALIFAX, April 23 /CNW/ - (TSX - EMA): Emera Energy Inc. (EE) will be
managing one of Canada's largest combined cycle gas-fired electricity
generating facilities. The new Greenfield Energy Centre, a 1,005 MW facility
located near Sarnia Ontario is expected to be in test operations this summer.
EE will act as agent for the facility, managing approximately
140,000 mmbtu/day of natural gas purchases and associated power sales. Emera
Energy is a wholly owned subsidiary of Emera Inc. (TSX:EMA).
"This is a significant transaction for Emera Energy, and an exciting
opportunity to expand our energy management business into the Ontario market,"
said Todd Sattler, Chief Operating Officer of Emera Energy. "We look forward
to providing the very best service to Greenfield."
Emera Energy will work with various gas suppliers, the Independent
Electric System Operator of Ontario and local gas transportation and storage
companies to assist Greenfield with the operation and optimization of the
"We were looking for a company that was flexible and reliable enough that
we could assign the management of our stream of revenue with confidence," said
Ryo Zushiden, Vice President of Greenfield. "After a lengthy proposal process,
we are confident that Emera Energy is a company that we can rely on and we
look forward to receiving creative and true value-added solutions, to maximize
Greenfield Energy Centre is an important new addition to Ontario's energy
infrastructure, and will assist in achieving the province's clear air
objectives. The Greenfield Energy Centre is a limited partnership between
subsidiaries of Mitsui & Co. Ltd. and Calpine Corporation.
Emera Energy is Atlantic Canada's first energy trading and marketing
operation and is based in Halifax, Nova Scotia. Emera Energy manages energy
commodities and provides related energy management services on behalf of
customers throughout eastern Canada and the northeast United States.
About Emera Inc.
Emera Inc. (EMA-TSX) is an energy and services company with $4.0 billion
in assets. Electricity is Emera's core business. The company has two
wholly-owned regulated electric utility subsidiaries, Nova Scotia Power Inc.
and Bangor Hydro-Electric Company, which together serve 590,000 customers.
Emera's other investments include 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 Emera Energy,
which manages energy assets on behalf of third parties and provides related
services. Visit Emera on the web at www.emera.com.
For further information:
For further information: Judy Steele, FCA, Director, Investor and
External Relations, Emera Inc., (902) 428-6999