Nova Scotia

Emera CEO's pay surpasses $5M in 'transformational' 2016

Emera Inc. CEO Chris Huskilson saw his total compensation jump by $710,000 last year, up 16 per cent to more than $5 million.

Numbers release ahead of annual shareholder meeting for Nova Scotia Power's parent company

Emera CEO Chris Huskilson was one of five top executives at the company to receive raises. (Andrew Vaughan/Canadian Press)

Emera Inc. CEO Chris Huskilson saw his total compensation jump by $710,000 last year, up 16 per cent to more than $5 million.

Huskilson's big bump was a reward for what the company calls a "transformational" 2016, which was highlighted by the acquisition of Florida-based utility TECO Energy Inc.

The figures were disclosed Thursday in a management information circular, released in advance of Emera's annual shareholder meeting in May.

The $10-billion TECO deal effectively doubled the size of Emera, which is the parent company of Nova Scotia Power.

Execs with raises at Emera, Nova Scotia Power

Emera's other top four executives — Scott Balfour, Greg Blunden, Nancy Tower and Rob Bennett — also saw compensation increases in 2016.

At Nova Scotia Power, the top job in 2016 was split between Robert Hanf and Karen Hutt, who took over on Aug. 1.

In 2016, Hanf took home $830,351 as president and CEO. Hutt was paid $678,313.

Hutt spent the first seven months as vice-president of merger and acquisitions at Emera, where she picked up a $118,125-bonus for her role in the TECO deal.

Breaking down Huskilson's big bump

Huskilson has been the president and CEO of  Emera since 2004. He joined Nova Scotia Power in 1980.

In 2016, his base salary rose by $120,000 to $995,000. Stock options jumped by $350,000 to $1.4 million. He received a share-based bonus of $1.4 million and a cash bonus of $1.2 million.

Huskilson has maxed out his pension, which will be $650,000 a year when he retires.

What Emera's top deputies got 

In the Emera corporate pecking order, chief operating officer Scott Balfour rung up $2.1 million in 2016, up almost $500,000 from 2015.

Emera US Holdings Inc. CEO Rob Bennett was next at $2.07 million, up $455,000.

Chief corporate officer Nancy Tower made $1.63 million, followed by chief financial officer Greg Blunden at $1.06 million.


Paul Withers


Paul Withers is an award-winning journalist whose career started in the 1970s as a cartoonist. He has been covering Nova Scotia politics for more than 20 years.