Emera Incorporated (EMA) 2009年年度报告「TSX」.pdf

1、energyeverywhere2009ANNUAL FINANCIAL REPORTEM44386_AR2_09.indd 13/18/10 9:56:28 PMTable of contentsLetter to Shareholders 1Managements Discussion and Analysis 4 Emera Consolidated 9 Nova Scotia Power Inc.14 Bangor Hydro 23 Pipelines 28 Other 30 Management Report 50Auditors Report 51Consolidated Fina

2、ncial Statements 52Notes to the Consolidated Financial Statements 57Five-Year Summary 102Board of Directors and Committees 104Shareholder Information 105Energy is everywhere at Emera.The focus of our work is to grow each of our businesses by using energy to make our customers lives better today,and

3、our world more sustainable tomorrow.EM44386_AR2_09.indd 23/22/10 3:46:18 PMThis is a good news story for Emera.For the first time in recent history,both of Emeras utilities Nova Scotia Power and Bangor Hydro have opportunities to invest in their service territories.These investment opportunities are

4、 a direct result of changing renewables requirements and associated transmission needs.In New Brunswick,Emeras most recent investments have the potential to integrate new generation and pipeline opportunities in the region with its utilities.We will continue to seek utility acquisition opportunities

5、 of scale,potentially in a new region,and will continue to advance our work in the Caribbean.We have set a new course,new objectives to guide us through the next five years,and we are excited about the opportunities we see ahead.In light of our strategic progress and our strong results,we are please

6、d that the Board of Directors increased our dividend by eight cents in September and another four cents in February.Our Board is committed to continue to increase the dividend as earnings grow.We have also made changes to our Dividend Reinvestment Plan(DRIP)to enable shareholders to buy Emera shares