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


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Emera Incorporated : Appoints Peter Gregg as President and CEO of Nova Scotia Power Inc.

08/20/2020 | 09:29am EST

Scott Balfour, President and CEO of Emera Inc. (TSX: EMA) announced today that Peter Gregg will become the next President & CEO of Nova Scotia Power Inc. (NSPI).

Following a rigorous Canadian search that attracted a long list of high caliber internal and external energy executives, Peter was selected as the successful candidate.

'We are excited for Peter to join the Emera team as President and CEO of NSPI,' says Scott Balfour, President and CEO of Emera Inc. 'Peter brings deep experience in the Canadian energy sector with a focus on energy efficiency, renewables and innovation. He is joining a strong team at NSPI that's committed to transitioning to a lower carbon future while ensuring reliability, affordability and a superior customer experience for Nova Scotians.'

Peter is currently the President and CEO of the Independent Electricity System Operator (IESO) in Ontario. The IESO is an independent organization that oversees the safe and reliable operation of the bulk electricity system in Ontario, ensuring affordable electricity is available when and where people need it. The IESO also operates the wholesale electricity markets, plans for Ontario's future electricity needs, focuses on energy efficiency and demand management programs, and works with partners to foster innovation in support of system cost effectiveness and reliability. Prior to his role at the IESO, Peter served as the President and CEO of Enersource and COO at Hydro One Networks where he was heavily focused on energy distribution in Ontario.

'I was attracted to this exciting opportunity because NSPI is recognized as an innovative and customer-centric utility with an impressive track record and plan for the continued transition to cleaner energy - all at a pace that is affordable for customers,' says Peter Gregg, Incoming President and CEO of NSPI. 'I am looking forward to joining NSPI and working with the dedicated team to continue to deliver for customers in Nova Scotia.'

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 Nova Scotia Power

Nova Scotia Power Inc. is a wholly-owned subsidiary of Emera Inc. (TSX-EMA), a diversified energy and services company. Nova Scotia Power provides 95% of the generation, transmission and distribution of electrical power to more than 525,000 residential, commercial and industrial customers across Nova Scotia. The company is focused on new technologies to enhance customer service and reliability, reduce emissions and add renewable energy. Nova Scotia Power has over 1,700 employees and $4.1 billion in operating assets.


Dina Seely

Tel: 902-222-2683

Email: media@emera.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Sales 2020 5 965 M 4 641 M 4 641 M
Net income 2020 810 M 630 M 630 M
Net Debt 2020 16 291 M 12 673 M 12 673 M
P/E ratio 2020 16,6x
Yield 2020 4,60%
Capitalization 13 425 M 10 425 M 10 444 M
EV / Sales 2020 4,98x
EV / Sales 2021 4,81x
Nbr of Employees 7 523
Free-Float 85,8%
Duration : Period :
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Technical analysis trends EMERA INCORPORATED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 60,18 CAD
Last Close Price 53,84 CAD
Spread / Highest target 26,3%
Spread / Average Target 11,8%
Spread / Lowest Target -14,6%
EPS Revisions
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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