Emera Appoints Rick Janega as Interim President & CEO of Nova Scotia Power Inc.

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera (TSX:EMA) announced the appointment of Rick Janega as interim President and CEO of Nova Scotia Power Inc. (NSPI) effective June 1^st, 2020. Current President and CEO, Wayne O’Connor is leaving the organization to pursue a new opportunity outside the province.

“We are grateful for Wayne’s contribution to Emera over the last 17 years and we wish him well in his new role,” says Scott Balfour, President and CEO of Emera Inc. “Given Rick’s significant leadership experience with NSPI, he is an ideal interim leader for the business, providing continuity and deep experience with the utility while we take the time to make the right permanent leadership decision for NSPI.”

Rick is an energy industry veteran. Over his 30 years at Emera, he has held a variety of leadership roles and has been a key part of Emera’s growth. Rick has been a Director on NSPI’s Board for the past two years and his previous roles at NSPI include Executive Vice President and Chief Operating Officer, Vice President of Operations, General Manager of Power Production and Senior Plant Manager at the Trenton and Point Tupper generating stations. Currently, Rick serves as Emera’s Chief Operating Officer, Electric Utilities, Canada, US Northeast and Caribbean, and President and CEO of Emera Newfoundland & Labrador (ENL). (Full Bio)

“The team at NSPI is laser focused on safely delivering the electricity Nova Scotians are counting on now more than ever,” says Rick. “I look forward to working even more closely with this strong team to advance plans to innovate to meet customers evolving needs and continue to deliver cleaner, reliable and affordable energy to Nova Scotian families and businesses.”

Emera will begin a recruitment process for a permanent President & CEO of NSPI.

About Emera Inc.

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $34 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. Additional Information can be accessed at www.emera.com or at www.sedar.com.

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 520,000 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 assets. Learn more at www.nspower.ca.

Forward Looking Statement

This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR at www.sedar.com.