UPDATED ON: Saturday, June 06, 2009
From The Globe and Mail
John McLennan, Chairman of Emera, is pleased to announce the appointment of Tom Buchanan, President and Chief Executive Officer of Provident Energy Trust, to the Board of Directors of Emera Inc.
Mr. Buchanan has more than two decades of experience in the energy sector. In 1993, Mr. Buchanan established Founders Energy, where he held the positions of Chief Financial Officer, Executive Vice-President, President and Chief Executive Officer. This junior independent oil and gas company was converted into Provident Energy Trust in 2001.
Prior to this, Mr. Buchanan served in a number of financial management positions for organizations such as Bankeno Resources, North Canadian Oils Limited (NCO), Merland Explorations and Price Waterhouse.
In addition to serving as a member of Provident's Board of Directors, Mr. Buchanan is a director of Athabasca Oil Sands Corp. and Hawk Exploration Ltd. He is also the chairman of Renfrew Educational Services and a director of the Edge School.
Mr. Buchanan received his Bachelor of Commerce from the University of Calgary and later became a chartered accountant.
Emera Inc. (EMA-TSX) is an energy and services company with $5.3 billion in assets. Electricity is Emera’s core business. The company has two wholly-owned regulated electric utility subsidiaries, Nova Scotia Power Inc. and Bangor Hydro-Electric Company, which together serve 600,000 customers. Emera also owns 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 the Brunswick Pipeline, a 145 km gas pipeline in New Brunswick; Emera Energy, a physical natural gas and power marketing and asset management business; 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 a 7.4% interest in OpenHydro.