Emera grew from the holding company that was formed following the
privatization of Nova Scotia Power in 1992. Today, Emera has investments
in New Brunswick, Newfoundland and Labrador, Maine, New Hampshire,
Massachusetts, and the Caribbean, and provides jobs for over 2,000 people in Nova Scotia, including at Nova Scotia Power.
shareholder-owned and publicly traded on the Toronto Stock Exchange, and
is the sole owner of Nova Scotia Power. Emera is not publicly
regulated, but most of its subsidiary companies, like Nova Scotia Power,
are. Because of this difference in governance, the Nova Scotia Utility
and Review Board (UARB) governs our interactions with Emera and its
affiliates to ensure any work done for us, or by us, is in the best
interest of our customers.
Our relationship with Emera, and its
growth and status in the energy sector, has allowed Nova Scotia to
benefit from investments that have added new renewable energy to our
province, reduced emissions from power plants and made them more
efficient, and improved customer service and reliability. Since 2009,
more than $1 billion has been invested into Nova Scotia Power.