NEWS FROM THE WIRES |
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Higher fuel costs drive down Emera's profits Aug 09 2001 11:28 AM PDT
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PROFILE |
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Emera is emerging into a new energy era. Subsidiary Nova Scotia Power generates, transmits, and distributes more than 95% of the electricity in Nova Scotia, where it serves more than 440,000 residential, commercial, and industrial customers. About 80% of Emera's 2,000 MW generating capacity is coal-fired, with oil, hydro and purchased power accounting for the rest. Emera also sells heating oil, diesel fuel, gasoline, and lubricants. It holds a 13% stake in the US-Canadian Maritimes & Northeast natural gas pipeline, and is investing in an offshore gas production project in Nova Scotia. The company is expanding its utility operations into the US by acquiring Maine-based Bangor Hydro-Electric.
COMPETITION |
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 598.10
1-Yr. Sales Growth: 4.9%
Employees: 1,785
Revenue per employee: $335,070.03
KEY PEOPLE |
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David Mann
CEO
Ronald E. Smith
CFO
CONTACT INFO |
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Scotia Sq., 1894 Barrington St.
Halifax Nova Scotia B3J 2W5, Canada
Phone: 1-902-428-6250
Fax: 1-902-428-6181
Online: Web Site
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