Company Overview of Emera Maine
Emera Maine provides electric delivery services to residential and business clients in the Bangor Hydro District and the Maine Public District. The company is based in Bangor, Maine. Emera Maine was formerly known as Bangor Hydro-Electric Company and changed its name to Emera Maine in November 2015. The company is a subsidiary of BHE Holdings, Inc.
PO Box 932
Bangor, ME 04402
Key Executives for Emera Maine
Chief Executive Officer, President and Chief Operating Officer
Vice President of Finance and Treasurer
Vice President of Corporate Relations
Vice President of Legal and Regulatory Affairs
Vice President of Human Services
Compensation as of Fiscal Year 2016.
Emera Maine Key Developments
Emera Maine Reports Earnings Results for the First Quarter of 2016; Provides Earnings Guidance for the Full Year 2016
May 9 16
Emera Maine reported earnings results for the first quarter of 2016. The company reported net income of CAD 9.3 million a reduction of CAD 2.2 million compared to first quarter of 2015 of CAD 11.5 million. The lower net income was primarily as a result of reduced load due to weather, reduced industrial load, increased storm costs and timing of capital expenditures, partially offset by increased rates, and the effect of a stronger USD. earnings for the full year are expected to generally be consistent with prior years.
The company's earnings for the full year 2016 are expected to generally be consistent with prior years.
Emera Maine Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
Feb 12 16
Emera Maine reported earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company's adjusted net income was $5.2 million compared to $11.7 million a year ago. The decrease in net income in the quarter was primarily due to the timing of transmission revenue adjustments negatively impacting fourth quarter 2015 and positively impacting fourth quarter 2014 and increased OM&G expenses.
For the year, the company's adjusted net income was $45.1 million compared to $42.4 million a year ago. The higher net income year-over-year was primarily due to the impact of a stronger USD.
Emera Maine Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 13 15
Emera Maine announced earnings results for the third quarter and nine months ended September 30, 2015. The company reported net income of CAD 14.7 million in third quarter of 2015, an increase of CAD 1.4 million compared to third quarter of 2014 net income of CAD 13.3 million. The higher net income was primarily due to the impact of a stronger USD.
For the nine months ended September 30th, 2015 Emera Maine’s net income was CAD 39.9 million compared to CAD 30.7 million for the same period last year.
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