ENP Newswire -
Release date- 03092014 -
The company cited changes to its pension plan and actively managing discretionary spending as two of the primary reasons for the profit last year. In 2013, the utility converted to a Shared Risk Pension (SRP) Plan. It was the quickest conversion to an SRP of any plan to date in
'Financial stability and sustainability as a utility, both in the short and long term, are very high priorities for us,' said Saint John Energy President and CEO,
The utility maintained reliability levels well above industry standards in 2013. The duration of an average system interruption was 1.92 hours / year (compared to the Canadian national average of 6.15), and the frequency of an average system interruption was 0.41 interruptions / year (compared to the Canadian national average of 2.48).
'We've also continued to improve our emergency response readiness, so that even during some of our most challenging days - like the Christmas ice storm - our team was able to work safely and efficiently,' Robinson said. 'Customer satisfaction is important to us, and we were very pleased to be able to continue providing the energy Saint Johners need to heat their homes, run their businesses and fuel industrial growth throughout the year.'
In 2013, Saint John Energy participated in a national
On average, Saint John Energy's residential rates were 10 per cent lower and its commercial rates were four per cent lower than others in the province, in 2013. This was possible thanks to the utility's relationship with
Saint John Energy worked to enhance the way it communicates with its stakeholders in 2013, including more robust communication of power outages, the development of a social media strategy, increased in-person stakeholder engagement and the adoption of a comprehensive crisis communications plan.
The utility also continued to act on its commitment to the
Saint John Energy is owned by the
Saint John Energy
Tel: (506) 658-5225
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