Collins Prepared to Continue to Strengthen Tampa Electric’s Commitment to Reliability and Renewables
Tampa Electric’s parent company, Emera Inc., announced today the appointment of Archie Collins as president and chief executive officer of Tampa Electric. Collins, who currently serves as the company’s chief operating officer, will take on the role of president and COO immediately and will transition to president and CEO in May.
“I am proud to become the next president and CEO of Tampa Electric,” said Archie Collins, president and COO of Tampa Electric. “It is a privilege to be chosen to lead this team, and to help shape a future for Tampa Electric that is cleaner, greener and focused on serving our customers.”
Collins has more than 30 years of experience in the energy industry, holding increasingly senior roles within Emera. In his most recent role of chief operating officer of Tampa Electric, he was responsible for reliably serving the nearly 800,000 customers powered by the utility. He oversaw energy supply, electric delivery and customer experience.
“Archie Collins is a proven energy leader with deep operational experience who has been playing a key leadership role at Tampa Electric since 2018,” said Scott Balfour, president and CEO of Emera Inc. “He is the right leader to maintain momentum at Tampa Electric as the team continues its focus on delivering value for customers, reducing carbon emissions, and driving growth at the utility, all while cultivating a strong safety culture and a diverse and inclusive team.”
With Collins as part of the leadership team, Tampa Electric has grown to be the No. 1 solar power producer per customer in Florida. By 2023, Tampa Electric plans to double the number of homes it powers through solar energy to 200,000. The company also announced plans to retire another coal unit, Big Bend Unit 3, nearly two decades early. These sustainability milestones are part of the company’s strategy to reduce its carbon footprint.
Prior to joining Tampa Electric, Collins served in leadership roles at Nova Scotia Power, Emera Energy, as president and chief executive officer of Grand Bahama Power Co., and as president and chief operating officer of Emera Caribbean.
Nancy Tower, who served as president and CEO of Tampa Electric for more than three years, announced her intention last year to retire; she will retire from Emera at the end of June.
“We are grateful for the contribution of Nancy Tower to Emera over the past 24 years,” said Balfour. “During her time at Tampa Electric, she played a key role in establishing the strategic roadmap for the future of the utility and has been instrumental in driving the recent growth at the company.”
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Tampa Electric, one of Florida’s largest investor-owned electric utilities, serves about 800,000 customers in West Central Florida. Tampa Electric is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.
