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Nova Scotia

Nova Scotia Power Receives Dec

Emera Inc. (TSX: EMA) announced today that its wholly owned subsidiary Nova Scotia Power (NS Power) has received the Nova Scotia Utility and Review Board’s decision substantially approving NS Power’s previously announced collective bargaining agreement.

NS Power filed the Settlement Agreement for its 2022-2024 General Rate Application (GRA) on November 25, 2022. The settlement, which affects both fuel and non-fuel prices, was reached between NS Power, key customer representatives and other stakeholders.

For information on the UARB decision, please visit www.nspower.ca%2Fgra or the UARB+ website.

Forward-Looking Information

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

About Emera Inc.

Emera Inc. is a geographically diversified energy and services company headquartered in Halifax, Nova Scotia with assets of approximately $36 billion and 2021 revenues of more than $5.7 billion. The company’s primary investing business is into regulated power generation and power and gas transmission and distribution, with a strategic focus on converting high-carbon to low-carbon energy sources. Emera has investments in Canada, the United States and three Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and are traded under the symbols EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR. F traded. EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing Emera common stock are listed on the Barbados Stock Exchange under the symbol EMABDR and on the Bahamas International Securities Exchange under the symbol EMAB. Additional information is available at www.emera.com or 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 electric power to approximately 540,000 residential, commercial and industrial customers throughout Nova Scotia. The company focuses on new technologies to improve customer service and reliability, reduce emissions and add renewable energy. Nova Scotia Power has over 2,000 employees and $4.5 billion in assets. Learn more at www.nspower.ca.


View source version on businesswire.com: https://www.businesswire.com/news/home/20230202005564/en/

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