Powering Innovation & Growth
Emera has a strong record of supporting initiatives that make our communities stronger. More and more, we are focused on partnerships that will make our communities smarter too. By collaborating with a range of public and private-sector partners, we are helping to power a culture of innovation and entrepreneurship, supporting the leaders of tomorrow. We also are growing the economies of the places we work, as our innovation focus and projects bring new jobs, essential infrastructure, and economic development to our communities.
In 2016 Emera collaborated to create important partnerships that will champion future-focused education and incubator programs. We believe these investments will inspire and support young people to pursue careers in science, technology and engineering, fostering the next generation of innovators, leaders and entrepreneurs.
Research Centre for Smart Grid Technologies
Smart grid technology has a critical role to play in how we generate, store and share electricity. In 2016 we announced a $6.2 million investment over six years to the Emera & NB Power Research Centre for Smart Grid Technologies at the University of New Brunswick (UNB). The contribution will support an Emera Chair in Smart Grid Technologies at UNB, as well as provide direct funding for smart grid research. This state-of-the-art research facility is enabling R&D and industry partnerships.
New Mexico innovation funding
New Mexico Gas supported Innovate ABQ, an entrepreneurial district in Albuquerque, with a $500,000 USD contribution in 2016. This is a space where multi-purpose companies are working to create technological innovations and opportunities for expanded business growth throughout the state. We also awarded a $200,000 USD contribution to the Arrowhead Center at New Mexico State University, an initiative to commercialize technology to help small businesses start and grow. Emera’s contribution will increase capital investment for innovation-based ventures by funding training programs and business model development. These partnerships are part of a $5 million USD economic development fund established by Emera in New Mexico as part of our settlement agreement to merge with TECO Energy in 2016.
The Discovery Centre is inspiring Atlantic Canada’s next generation of innovators, delivering education and experiences that promote STEAM (Science, Technology, Engineering, Arts and Music). In 2016 the new Discovery Centre was built alongside Nova Scotia Power’s headquarters in Halifax, Nova Scotia, and opened in the spring of 2017. Nova Scotia Power and Emera are supporting the Discovery Centre by providing a rent-free space for 25 years and $1 million to fund ongoing operations.
Florida Conservation and Technology Center
The Florida Conservation and Technology Center will pack a lot into its 500- acre site, including research, wildlife rescue and energy technology education. Tampa Electric is supporting the center in partnership with the Florida Fish and Wildlife Conservation Commission and The Florida Aquarium. It’s also home to the Suncoast Youth Conservation Center, which opened in 2016 and serves as the educational hub.
Electricity and Renewable Energy Science Exposition
In January 2016, Barbados Light and Power supported the inaugural Electricity and Renewable Energy Science Exposition in Barbados. The competition deepens students’ interest in electricity generation and renewable sources of energy. Our team in Barbados has been a long-standing supporter of initiatives focused on youth education and fitness.
Investing in Our Economies
Our companies play an important role in the economies of the regions we serve. Through our innovation focus, we’re investing in demonstration projects that have the potential to develop into thriving industries. We are a major employer, both at our central offices and across our distributed network of assets. And we provide opportunities for local and diverse suppliers, helping to create and retain jobs.
The economic value that we create is distributed by Emera in several ways. Suppliers are paid to provide materials and services to help us operate, our employees receive wages and benefits, governments receive tax payments, shareholders receive dividend payments, lenders receive interest payments, and community organizations receive donations and community investments. In 2016 we distributed $4.1 billion in economic value.
Cypress Creek natural gas extension
The Peoples Gas team is investing more than $9 million USD to expand the gas transmission and distribution systems near Jacksonville, Florida. This expansion will support the growth of Jacksonville Electric Authority and other industrial customers, including the Pivotal Liquefied Natural Gas facility that will compress and ship natural gas to world markets. The Cypress Creek extension project will bring a brand-new industry to the Port of Jacksonville and support the economic growth of a key region in Peoples Gas’ service area.
Forestry Innovation Hub
The forestry and resource sectors are vital to Nova Scotia's economy. That’s why in 2016 Emera invested $1 million in the Forestry Innovation Hub, a partnership with the Canadian and Nova Scotian governments. The hub is helping start-ups use wood byproducts in new ways, such as testing the market for bio-fuels in marine diesel and heating oil.
Nova Scotia’s tidal industry potential
Emera’s Cape Sharp Tidal demonstration project has the potential to create a tidal energy industry in Nova Scotia, generating up to 950 direct and indirect jobs in the process. To date, more than 300 people have been working on the project across the province. In addition, the project has made contributions to economies of the rural communities closest to the test site in the Bay of Fundy, through local office space rentals, local contractor hires and project staff housing.
Investing in Nova Scotia
Emera is proud to call Nova Scotia home, and we are committed to keeping our headquarters in Halifax. Our companies employ approximately 2,500 people in Nova Scotia, where our annual operations directly boost the province’s GDP by roughly $605 million. That’s a total of $1.1 billion when supply-chain spending and induced effects are included. In 2016, our business spent roughly $620 million in the province with just over 3400 vendors. This economic activity supported more than 6,600 full-time equivalent jobs in Nova Scotia.
Commitment to local suppliers
Emera’s companies in Florida and New Mexico have long-term commitments to support local suppliers. In 2016, we spent more than $177 million USD with small businesses, many of them owned by women, veterans or minorities. TECO’s spending with minority-owned businesses increased by 45 per cent in 2016, and spending with women-owned businesses increased by 76 per cent over the previous year.
Maritime Link driving economic benefits
At the height of work on our Maritime Link transmission between the island of Newfoundland and Nova Scotia, over 700 people were working on construction and other roles. The Emera Newfoundland and Labrador team has been committed to providing opportunities to local suppliers. To date, more than 250 companies in Atlantic Canada have been awarded work on the Maritime Link Project, the vast majority in Nova Scotia and Newfoundland and Labrador. More than $500 million in contracts have been awarded to local contractors in both provinces.
Corporate Giving & Volunteering
At Emera, we have a long history of supporting initiatives that make our communities stronger and more vital places to live today. We’ve sponsored educational, sports and recreational facilities, and programs that support local not-for-profits. And our team members are passionate community members too, volunteering thousands of hours to worthy causes. Emera contributed a total of $1.7 million in donations to our communities in 2016.
We offer several matching programs to help make the most of our team members’ charitable contributions. Our Good Neighbour initiative in Canada, Maine and in our other New England operations creates opportunities to match corporate sponsorship to qualifying non-profit organizations where our team members and, in some areas, retirees donate their time. We also match funds donated by employees for individual or team fundraising initiatives, and we have an arrangement with United Way that enables employees to give to the charities and non-profits of their choice through an annual payroll deduction. In our Florida operations, team members can tap into the Matching Gifts Program, which will match a team member contribution made toward a physical capital project of an organization within our Florida service areas.
Supporting United Way
Emera companies in Canada, Maine and New Mexico are long-time supporters of United Way. Each year we partner with the non-profit for our largest workplace campaign, enabling employees to give to the charities and non- profits of their choice through payroll deduction. In 2016, Emera and its team members donated over $755,000 to United Way, including contributions from our retirees.
Investing in youth
Emera is proud to support Junior Achievement initiatives in many of our communities, including Newfoundland and Labrador, Nova Scotia, New Brunswick, Maine, Florida and New Mexico. Collectively, we donated more than $44,090 USD in 2016. From fostering young business minds to keeping young bodies healthy, our companies in Florida donated $98,000 USD in 2016 to youth sports programs, helping children develop their physical health and well-being.
Team Member Volunteering & Giving
Our team members are passionate about making a difference in the communities where we live and work. We contribute thousands of hours to volunteer and fundraising initiatives each year and give generously through direct donations to local charities and non-profits.
In 2016, team members across the business volunteered with many organizations on behalf of Emera, striving to make a positive social impact.
Volunteering highlights in 2016 include:
- New Mexico Gas team members set out to weatherize homes of vulnerable seniors in the Albuquerque and surrounding Bernalillo County areas. More than 60 team members volunteered, successfully helping 18 customers in need stay warmer during the cold months while using less energy and saving money.
- In 2016, team members donated more than $20,000 to the IWK, the leading Women’s and Children’s hospital in Atlantic Canada, and presented the donation while volunteering for the hospital’s annual telethon in Halifax, Nova Scotia.
- Team members at Tampa Electric donated and assembled more than 600 items for the Salvation Army’s Stuff-a- Stocking campaign in Florida.
- Emera Energy’s Bridgeport Energy team donated more than 140 back-to-school backpacks to a local community centre.
|Strategic Community Investment||$5.5m|
|2016 Total Community Investment
Notes: Includes 6 months of TECO Energy data from date of acquisition. Local currencies converted to CAD using average exchange rate for 2016.
Research Centre for Smart Grid Technologies
Emera is investing
over six years in the Emera & NB Power Research Centre for Smart Grid Technologies
Investing in Our Economies
Corporate Giving & Volunteering
Emera’s volunteering and matched giving programs enabled:
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