Nature of Operations
p. p. 2
Nature of Operations NSP Maritime Link Inc. ("NSPML" or the "Company"), is indirectly wholly owned by Emera Inc. ("Emera"). Emera is an energy and services company headquartered in Halifax, Nova Scotia, whose shares are publicly traded on...
AI summary NSP Maritime Link Inc. is a subsidiary of Emera Inc., operating under the Maritime Link Act and the Public Utilities Act of Nova Scotia. The company is responsible for the Maritime Link Project, a $1.8 billion transmission project connecting Newfoundland and Labrador to Nova Scotia. The project includes subsea and overhead transmission lines and is regulated by the Nova Scotia Energy Board under a cost-of-service model with a target return on equity range of 8.75% to 9.25%.