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.
(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.