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Emera Inc
Symbol EMA
Shares Issued 200,481,103
Close 2016-10-26 C$ 46.85
Market Cap C$ 9,392,539,676
Recent Sedar Documents

Globe says Emera hears work to restart at Muskrat Falls

2016-10-27 06:38 ET - In the News

The Globe and Mail reports in its Thursday edition that work is set to resume at the Muskrat Falls hydroelectric site after the Newfoundland and Labrador government reached a deal with indigenous leaders. The Globe's Shawn McCarthy writes that Nalcor Energy used buses to remove protesters who had stormed the site last week and was bringing back about 1,000 employees to complete the work needed to protect the site's infrastructure over the winter. Under the deal, leaders from three indigenous communities will review engineering reports with the assistance of outside experts in order to be satisfied with Nalcor's rationale to begin partial flooding. Nalcor says it needs higher water levels to protect the site from ice damage. Assuming that step is taken, the government has ordered Nalcor to then lower the water level in the spring to assess whether it should clear away more vegetation and topsoil to reduce the release of methylmercury into the food chain. The extent of any clearing work is still to be determined. Nalcor's partner, Emera, has continued work on the undersea transmission links that would bring power from Labrador to Newfoundland, and from the island to Nova Scotia.

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