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Richard Sergel and Sylvia Chrominska Appointed to Emera Inc. Board of Directors

^{Published on 2010-09-24 08:35:56 - Market Wire}
 

HALIFAX, Sept. 24 /CNW/ - (EMA-TSX): Richard Sergel, former President and Chief Executive Officer of the North American Electric Reliability Corporation (NERC), and Sylvia Chrominska, Group Head of Global Human Resources and Communications for The Bank of Nova Scotia, have been appointed to the Board of Directors of Emera Inc.

Prior to his position at NERC, Mr. Sergel served as President and Chief Executive Officer for National Grid USA and oversaw the merger of National Grid and the New England Electric System (NEES) in 2000. Mr. Sergel was formerly President and CEO of NEES. Mr. Sergel is a director of State Street Corporation. He also served on the boards of the Edison Electric Institute, the Consortium for Energy Efficiency, and the United Way of the Merrimac Valley.

"Rick Sergel's profound knowledge and expertise of the electricity industry will support Emera's growth strategy and bring tremendous value to our Board of Directors," said John McLennan, Chairman of the Emera Inc. Board. "Rick also has considerable board governance experience, both inside and outside the electric utility sector. I look forward to working with him."

Ms. Chrominska is the Group Head of Global Human Resources and Communications for The Bank of Nova Scotia, where she has global responsibility for human resources, corporate communications, government relations, public policy and corporate social responsibility of the Scotiabank Group. Widely recognized and respected in the business community, Ms. Chrominska was named to the Top 100 List of Canada's Most Powerful Women by the Women's Executive Network and the Richard Ivey School of Business for four consecutive years, and was named to its Hall of Fame in 2007. Ms. Chrominska also serves on the Dean's Advisory Board at the Richard Ivey School of Business and on the Stratford Festival Board of Governors.

"Sylvia Chrominska brings a global perspective to our Board of Directors," said John McLennan, Chairman of the Emera Inc. Board. "Sylvia has tremendous experience on an international scale, and a deep knowledge of Human Resources and Communications. With our plans for growth within our existing affiliates and with new acquisitions, Sylvia's expertise makes her an excellent addition to the Emera Board."

About Emera
Emera Inc. (EMA-TSX) is an energy and services company with $5.7 billion in assets. Electricity is Emera's core business. Approximately 94% of Emera's revenues are earned by Nova Scotia Power Inc (NSPI), Bangor Hydro Electric Company (BHE) and the Brunswick Pipeline. NSPI and BHE are wholly-owned regulated electric utilities which together serve 603,000 customers. The Brunswick Pipeline is a 145 km gas pipeline in New Brunswick. Emera also owns 38% of Barbados Light and Power which serves 120,000 customers on the Caribbean island of Barbados, 19% of St. Lucia Electricity Services Limited, which serves more than 50,000 customers on the Caribbean island of St. Lucia and 25% of Grand Bahama Power Company which serves 19,000 customers on the Caribbean island of Grand Bahama. In addition to its electric utility investments, Emera owns Bayside Power, a 260 MW gas-fired power plant in Saint John, New Brunswick; Emera Energy Services, a physical natural gas and power marketing and asset management business; a joint venture interest in Bear Swamp, a 600 megawatt pumped storage hydro-electric facility in northern Massachusetts; a 12.9% interest in the Maritimes & Northeast Pipeline; and an 8.2% interest in Open Hydro. Visit Emera on the web at [ www.emera.com ].