Nancy Tower, FCA, named new Executive Vice President Business Development
24 Janvier 2011 - 3:22PM
PR Newswire (Canada)
HALIFAX, Jan. 24 /CNW/ -- 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 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. To view this news release in HTML formatting,
please use the following URL:
http://www.cnw.ca/en/releases/archive/January2011/24/c4663.html
pbEmera/b/p p align="justify"Investor Relations:br/ Jennifer
Nicholson, CAbr/ Senior Director, Stakeholder Relationsbr/ (902)
223-0461/p p align="justify"Media Relations:br/ Sasha Irvingbr/
Director, Corporation Communicationsbr/ (902) 229-5104/p
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