Nova Scotia Power and Emera today announced a community investment to
help permanently reduce energy costs through energy saving retrofits for
Nova Scotian homes.
The donation of up to $3.4 million a year and renewable for up to 10
years, will fund energy saving upgrades for low income customers with
electrically heated homes. The investment being funded will be made at
no cost to Nova Scotia Power customers.
“Our customers are concerned about energy affordability - that’s why we
are making this significant funding commitment,” said NS Power President
and CEO Bob Hanf. “Nova Scotia Power and Emera are excited to partner
with Clean Nova Scotia Foundation to support long term solutions to
address electricity costs for Nova Scotia Power customers.
“Today’s announcement will help tackle root causes of high home heating
costs for electricity customers and will build on the work we’re doing
with low income advocates to provide relief on electricity bills,” said
Hanf.
“Clean Nova Scotia Foundation is pleased to see NS Power and Emera
provide a long term funding commitment for this group of Nova Scotians
who use electricity to heat their homes. We gratefully accept this
donation and look forward to working together,” said Clean Nova Scotia
Foundation Executive Director Chris Morrissey.
This community investment by Nova Scotia Power and Emera will help fund
measures like better insulation and energy retrofits expected to help
customers save more than $550 a year on their power bill, providing
solutions for thousands of Nova Scotians.
About Nova Scotia Power
Nova Scotia Power Inc. is the largest 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
electrical power to 500,000 customers in the province. The company is
focused on new technologies to enhance customer service and reliability,
reduce emissions and add renewable energy. Nova Scotia Power has 1,600
employees and $4.1 billion in assets. Learn more at www.nspower.ca.
About the Clean Nova Scotia Foundation
The Clean Nova Scotia Foundation is an independent, not-for-profit
charity that provides education-based programs and services to help
foster positive environmental change. Clean offers a host of programs,
services, and resources, focused in the areas of water stewardship,
energy efficiency, waste reduction, climate change, and sustainable
transportation. Founded in 1988, the Clean Nova Scotia Foundation is
proud to provide leadership and knowledge in environmental practices and
sustainability development. To learn more, please visit www.clean.ns.ca.
Copyright Business Wire 2014