Business
Emera to invest in development of Lower Churchill and enhanced Atlantic Canada electricity system
Emera to invest in development of Lower Churchill and enhanced Atlantic Canada electricity system
About this update from Emera Incorporated
[{"type":"text","content":"\n\n\n\n Nov. 18, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nHALIFAX, Nov. 18 /CNW/ - (EMA - TSX): Emera and Nalcor Energy have\n concluded agreement on a term sheet for the parties to bring energy\n from the Lower Churchill Project to Newfoundland and Labrador as well\n as to consumers in the Maritime provinces and New England.\n\n\nChris Huskilson, President and CEO, Emera Inc. and Ed Martin, President\n and CEO, Nalcor Energy, made the announcement today. They were joined\n by Premier Danny Williams of Newfoundland and Labrador and Premier\n Darrell Dexter Nova Scotia.\n\n\n"This is an historic agreement for our region and potentially\n transformational for our company," said Mr. Huskilson.  "It results in\n a stronger regional system that is consistent with Emera and Nova\n Scotia Power's focus on cleaner, affordable electricity."  \n\n\n"This is an extremely exciting and proud day for our province as we move\n forward with plans to develop the Lower Churchill project; the most\n attractive clean, renewable energy project in North America," said\n Premier Williams.  "The benefits of this project for our province will\n be enormous including thousands of jobs and billions of dollars of\n economic activity.  This agreement solidifies a mutually beneficial\n partnership with Emera Inc. and our neighbour, the province of Nova\n Scotia."\n\n\n"This is an historic day for Nova Scotia, and all of Atlantic C...