Nova Scotia Power Inc., founded in 1992 and based in Halifax, Nova Scotia, serves as the primary electric utility for the province, providing reliable electricity to approximately 500,000 customers. The company focuses on generating, transmitting, and distributing electricity, with a commitment to sustainability and reducing greenhouse gas emissions through diverse energy sources, including renewable options like hydro and wind power.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Nova Scotia Power has a robust history of bond issuances, beginning in the early 2000s to support infrastructure investment and operational enhancements. Notably, in 2020, the company issued CAD 300 million in long-term bonds, offering a competitive yield of 2.75%, which was well-received in the market. In the face of industry shifts towards greener energy solutions, Nova Scotia Power's bonds are seen as a sound investment, consistently maintaining lower yields compared to the broader utilities sector, reflecting investor confidence in its strategic initiatives and stable cash flows.