Emera Appoints Rick Janega Chief Operating Officer, Electric Utilities – Canada, US Northeast and Caribbean

HALIFAX, Nova Scotia--()--Emera Inc. (“Emera”) (TSX: EMA) announced today that Rick Janega will become the Chief Operating Officer, Electric Utilities – Canada, US Northeast and Caribbean effective March 31, 2018. In this new role, Rick will oversee Emera’s electric utility investments in Atlantic Canada, Maine and the Caribbean.

“As we continue to advance our strategy and capitalize on the strength of our regulated electric utilities, we are focused on building the right corporate structure to position the company for continued growth,” says Scott Balfour, COO, and incoming President and CEO, Emera Inc. “Rick is a recognized leader with strong operations experience and the ideal person to oversee this part of Emera’s business.”

Most recently Mr. Janega led Emera’s Maritime Link Project, where his strong leadership of the project team was instrumental in completing the Link on time and on budget. The Maritime Link is a CDN$1.57 billion transmission project that enables the transmission of clean, renewable and reliable electricity between Nova Scotia and the island of Newfoundland for the first time in history. The Link is part of Emera’s broader strategy to address the growing demand for more renewable electricity in the region.

“I am excited by the new opportunity and look forward to working with the teams at each of the utilities,” says Rick Janega. “With a focus on safety, we will work together to advance our strategy and deliver for our customers.”

Mr. Janega will continue to be the President and CEO of Emera Newfoundland & Labrador.

Bio: Rick Janega

Over his almost 30 years with the company, Rick has held a variety of leadership roles and has been a key part of Emera’s growth. He was appointed President, Emera Newfoundland & Labrador (ENL) in February 2011 and became CEO of ENL in April 2014. Prior to this, he was Executive Vice President and Chief Operating Officer at Nova Scotia Power Inc. and has held a number of positions from Senior Plant Manager at Trenton and Point Tupper generating stations to VP, Operations and General Manager of Power Production.

About Emera Inc.

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $28 billion in assets and 2016 revenues of more than $4 billion. The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services 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 continues to target achieving a minimum of 75% of its adjusted net income from rate-regulated businesses. 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, and EMA.PR.F. 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. Additional Information can be accessed at www.emera.com or at www.sedar.com.

Contacts

Emera
Media contact:
Jeff Myrick, 902-222-2683
Jeff.myrick@emera.com

Release Summary

Emera Inc. announced today that Rick Janega will become the Chief Operating Officer, Electric Utilities – Canada, US Northeast and Caribbean

Contacts

Emera
Media contact:
Jeff Myrick, 902-222-2683
Jeff.myrick@emera.com