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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Emera Incorporated    EMA   CA2908761018

EMERA INCORPORATED

(EMA)
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Emera Incorporated : Announces the Planned Retirement of Nancy Tower in Mid-2021

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09/25/2020 | 10:28am EDT

Emera Inc. (TSX: EMA) today announced the planned retirement of Nancy Tower, current President and CEO of Tampa Electric in mid-2021.

'Nancy has had an impressive career at Emera and she has been a key part of Emera's growth story,' says Scott Balfour, President and CEO of Emera Inc. 'Tampa Electric is a growing and dynamic utility that we believe will attract the highest caliber candidates both internally and externally. The successful candidate will work with the strong leadership team to continue to advance Tampa Electric's strategy, as the utility works to deliver cleaner, affordable and reliable energy to its customers.'

Nancy will continue to lead Tampa Electric until her retirement. A rigorous recruitment process focused on both internal and external candidates will begin this fall, allowing for a smooth transition process.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera's common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB.

About Tampa Electric

Tampa Electric, one of Florida's largest investor-owned electric utilities, serves about 780,000 customers in West Central Florida. Tampa Electric is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.

Contact:

Dina Seely

Tel: 902-222-2683

Email: media@emera.com

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials
Sales 2020 6 003 M 4 512 M 4 512 M
Net income 2020 931 M 700 M 700 M
Net Debt 2020 16 870 M 12 679 M 12 679 M
P/E ratio 2020 16,8x
Yield 2020 4,48%
Capitalization 13 751 M 10 297 M 10 335 M
EV / Sales 2020 5,10x
EV / Sales 2021 5,05x
Nbr of Employees 7 523
Free-Float 98,0%
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Technical analysis trends EMERA INCORPORATED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 59,88 CAD
Last Close Price 55,35 CAD
Spread / Highest target 17,4%
Spread / Average Target 8,18%
Spread / Lowest Target -16,9%
EPS Revisions
Managers
NameTitle
Scott Carlyle Balfour President, Chief Executive Officer & Director
Mary Jacqueline Sheppard Chairman
Richard C. Janega Chief Operating Officer-Electric Utilities
Gregory W. Blunden Chief Financial Officer
Andrea Sarah Rosen Independent Director
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