Emera Inc

• Nova Scotia Power bond rating downgraded by credit rating agency DBRS Morningstar

  The agency says the downgrade is due to what it calls the ``deterioration in the regulatory environment for the firm.''

  Canada

  Dec 21, 2022
  
• Bay of Fundy tidal site available, $4.5M to remove Cape Sharp turbine required

  The experimental in-stream turbine at the bottom of the Bay of Fundy was abandoned in Sept. 2018, after OpenHydro declared bankruptcy.

  Environment

  Oct 25, 2019
  
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• Changes to Emera Inc.’s ownership rules would allow more foreign investment

  Bruce Marchand, Emera's chief legal and compliance officer, says the changes will have no effect on the province's ratepayers.

  Canada

  Apr 3, 2019
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• Nova Scotia revokes Cape Sharp Tidal licence, orders company to retrieve turbine

  The turbine system, which was “damaged beyond repair” in September 2018, according to bankruptcy filings, has been sitting at the bottom of the Bay of Fundy ever since.

  Environment

  Apr 3, 2019
• Emera to sell Maine operations to Calgary corporation in deal valued at $1.8B

  Emera Maine is headquartered in Bangor and serves 159,000 customers in the northern part of the state.

  Economy

  Mar 25, 2019
• Nova Scotia issues permit for new tidal energy project in Bay of Fundy

  The Department of Energy and Mines has issued a marine renewable energy permit to Black Rock Tidal Power allowing it to test a 280-kilowatt floating platform for up to six months.

  Environment

  Sep 19, 2018
• Tidal turbine in the Bay of Fundy will be monitored: OpenHydro

  One of the companies behind the now defunct Cape Sharp Tidal turbine in the Bay of Fundy says it has brought it workers from Ireland to ensure the huge underwater generator is properly monitored.

  Canada

  Sep 4, 2018
• Bay of Fundy turbine not in compliance with environmental assessment: N.S. energy minister

  Derek Mombourquette says required environmental monitoring isn't being done, as the massive turbine still sits active in the water.

  Canada

  Aug 23, 2018
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• Emera Inc. left with no ‘practical choice’ but to pull support from Cape Sharp Tidal project

  The decision comes weeks after the company's partner OpenHydro Ltd., filed for liquidation, a move that Emera says was "shocking."

  Canada

  Aug 13, 2018
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• Experts say Nova Scotia’s tidal energy ambitions won’t end despite project setback

  The key backer of Nova Scotia's Cape Sharp Tidal pulled its funding.

  Canada

  Jul 30, 2018