News
Federal Government Loan Guarantee Agreement Finalized To Help Manage Replacement Energy Costs for Nova Scotia Power Customers
HALIFAX, Nova Scotia--(BUSINESS WIRE)-- The Government of Canada and the Government of Nova Scotia, along with NSP Maritime Link Inc. (NSPML), and Nova Scotia Power Inc. (NSPI), wholly owned subsidiaries of Emera Inc., have finalized an agreement for a $500M federal loan guarantee that will provide cost relief to electricity customers in Nova Scotia.
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Labrador Island Link Welcomes New Investor
NEW YORK & HALIFAX, Nova Scotia & ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)-- Today, Emera Inc. (Emera), an international energy and services company, and KKR, a leading global investment firm, announced they have entered into a definitive agreement where KKR will acquire Emera’s indirect minority equity interest in the Labrador Island Link (LIL).
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History Made with First Successful Energy Exchange across Emera’s Maritime Link
For the first time, electricity has been exchanged between the Island of Newfoundland and Nova Scotia through Emera’s Maritime Link Project. This is a historic milestone for the transformative interconnection and brings the Link within weeks of entering commercial operation when it will significantly improve the way energy is transmitted in Atlantic Canada.
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Emera's first submarine cable successfully installed for the Maritime Link
St. John’s, NL - North America's longest submarine electricity cable has been successfully laid between the island of Newfoundland and Nova Scotia for Emera’s Maritime Link Project.
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ABB Canada Awarded Converter Station Contract
NSPML has awarded ABB with the contract to design and supply its HVDC Light Voltage Source Conversion (VSC) technology. The contract includes a full VSC bipolar configuration to further improve system availability as well as two converter stations for the ±200 kilovolt (kV) HVDC link. ABB will also supply two 230 kV alternating current (AC) substations in Newfoundland, one 345 kV AC substation in Nova Scotia and two cable transition stations. The project is scheduled for commissioning in 2017.
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Emera Demonstrates Benefit of Federal Loan Guarantee for Nova Scotia Electricity Customers
Today, at an event hosted by the Federal Government, Emera (TSX: EMA) announced that with the backing of a Federal Loan Guarantee, Nova Scotia electricity customers will save approximately $325 million over the life of the Maritime Link Project.
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Subsea Cable Contract Awarded
NSPML has awarded Nexans with the contract to design, manufacture and install the two subsea power cables and land cables for the Maritime Link Project.
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NS UARB Gives Final Approval to Emera’s Maritime Link Project
HALIFAX, Nova Scotia-- Today NSP Maritime Link (NSPML), a subsidiary of Emera Inc., received the Nova Scotia Utility and Review Board’s (NS UARB) approval of the Maritime Link Compliance Filing. This confirms that the Maritime Link Project represents the lowest long-term cost option for Nova Scotia Power customers. The NS UARB decision can be found at: http://nsuarb.novascotia.ca
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Maritime Link Project Receives release from Environmental Assessment
NSP Maritime Link Inc. (NSPML), a wholly owned subsidiary of Emera Newfoundland & Labrador Holdings Inc. and an affiliate of Nova Scotia Power, today received release from Environmental Assessment (EA) for the proposed Maritime Link project.
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Maritime Link Project - Lowest Cost Option
The Maritime Link is the lowest cost option for Nova Scotia's electricity customers. The following document provides an overview of the key information that will communicated through the regulatory filing with the Nova Scotia Utilities and Review Board (UARB).
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Emera Inc. Approves Sanction of the Maritime Link Project
Emera Inc. is pleased to announce sanction of the Maritime Link, an energy transmission project that will link the provinces of Newfoundland and Labrador and Nova Scotia for the very first time. When completed, The Maritime Link will supply affordable, reliable and renewable energy to Nova Scotians.
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Emera Inc. and Nalcor Energy Finalize Agreements for the Development of Muskrat Falls
Today Emera Inc. and Nalcor Energy, along with the Governments of Nova Scotia and Newfoundland & Labrador completed and signed formal agreements for the development and transmission of hydroelectric power from Muskrat Falls. These agreements reflect the core principles established in the Term Sheet announced in November of 2010.
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