Emera Inc. And Canadian Imperial Venture Corp. to Pursue Joint Opportunities

by "This agreement is a response to the very bright future that we see for the energy business in Atlantic Canada," Mr. Rousch said. "The alliance with Canadian Imperial helps us to expand our interests, both on a sectoral and on a geog

Emera Inc. ("Emera") of Halifax, Nova Scotia and Canadian Imperial Venture Corp. (the "Canadian Imperial") of St. John's, Newfoundland announced today that they have agreed to pursue, jointly, certain energy-related business opportunities in Newfoundland and Atlantic Canada. Areas of focus include businesses related to Canadian Imperial's production activities in Western Newfoundland, energy industrial parks in Newfoundland and the application of ship-based compressed natural gas transportation systems in Atlantic Canada.

The joint activities will be managed by a committee consisting of Mr. Wayne Rousch, Senior Vice President Business Development of Emera and Mr. Steven Millan, Chief Executive Officer of Canadian Imperial.

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