Corporate Info
As a wholly-owned subsidiary of Emera Inc., Emera Energy is proud to be part of a growing energy and services company with $6.5 billion in assets and annual revenues of $1.6 billion. Emera invests in electricity generation, transmission and distribution as well as gas transmission and utility energy services. For more information about Emera Inc., please visit emera.com.
Emera Energy provides services to a broad range of clients and plays a key role in supporting Emera’s growth strategy by bringing skills, knowledge and experience critical to maximizing the value of Emera’s portfolio of assets. Learn more about Emera Energy here.
In addition to Emera Energy, Emera Inc.’s diverse energy portfolio includes:
- Three wholly owned, regulated entities - Nova Scotia Power Inc., Bangor Hydro and Maine & Maritimes Corporation
- Investments in the Caribbean, providing regulated electric services to customers in Barbados, Bahamas and St. Lucia
- 145-km pipeline called the Brunswick Pipeline that connects the Canaport™ LNGLP terminal in Saint John to the US Border
- 12.9% equity interest in Maritimes & Northeast Pipeline; a 1,400 kilometre pipeline that transports natural gas from the Sable reserves to markets in the Maritimes and Northeastern United States
- The largest Utility Services contractor in Atlantic Canada, Emera Utility Services Inc., with 300 employees who serve customers primarily in the power and telecommunications sectors
Governance
Emera Energy conducts its business activities with the highest of ethical standards and in accordance with all applicable U.S. and Canadian laws, regulations, tariffs and rules.
View Emera Energy’s Code of Conduct here [PDF].
Financial Strength
Emera Inc. is a growing energy and services company with $6.8 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.
Emera Inc. is rated by the following agencies:
- Standard & Poor’s (S&P)
- Dominion Bond Rating Service
Emera Energy has made a positive financial contribution to Emera since it was formed in 2002. Our combination of marketing and trading activities, long term asset management contracts and asset ownership has created success by:
- Reaching $1 billion in annual revenues in 2010
- Third party power and gas management services provided to customers throughout the US Northeast and Eastern Canada
- Maintaining master purchase and sale contracts with 150+ counterparties
- Long-term contracting of generation assets
Visit emera.com to view Emera’s full 2010 Annual Financial report.