Emera CEO Chris Huskilson gets 54% raise
President and CEO of Nova Scotia Power's parent company made $4.7 million last year
The executives of Emera — parent company of Nova Scotia Power — received hefty, double-digit percentage raises in 2013, according to executive compensation information released Thursday in Halifax.
The biggest raise went to Chris Huskilson, the president and CEO of Emera.
Huskilson made $4.7 million in 2013 — that was a 54 per cent raise over the year before.
Emera's Management Information Circular said the company is rewarding results.
"During his nine full years as president and CEO, shareholders have experienced total returns of 136 per cent and almost $2.5 billion in value has been created," the Circular reported.
By contrast, Bob Hanf, the new president of Nova Scotia Power made $1.2 million.
Under a provincial law passed last year, Nova Scotia Power ratepayers are covering about $200,000 of Hanf's pay packet — the equivalent of a deputy minister's salary. The rest is covered by NSP shareholders.
Other Emera executives also received double-digit increases in pay in 2013. The man Hanf replaced, Emera vice president Rob Bennett, pulled in $1.7 million. Emera Newfoundland CEO Nancy Tower made $1.7 million and Emera chief financial officer Scott Balfour made $1.5 million.
Nova Scotia Power released a list of its most highly paid executives as well.
Following Hanf were Wayne O'Connor, executive vice-president operations who made $963,873, chief legal officer Bruce Marchand, $883,930 and Robin MacAdam, vice-president strategic business and customer service who made $646,146.