New Mexico Public Regulation Commission Approves Emera’s Acquisition of TECO Energy
[Click image to enlarge]
[Click image to enlarge]
The New Mexico Public Regulation Commission (NMPRC) has approved a final order authorizing, among other things, Emera Inc.’s proposed acquisition of TECO Energy and the indirect acquisition of New Mexico Gas Company, Inc. (NMGC).
“We are pleased that the New Mexico Public Regulation Commission has voted unanimously to approve the acquisition and we appreciate the significant contributions by all parties who participated in the process, which only through those efforts, allowed us to reach this successful conclusion. We look forward to our future in New Mexico and supporting the New Mexico Gas Company’s work in serving its customers and communities. We are excited about the many growth opportunities we see in both New Mexico and Florida,” said Chris Huskilson, president and CEO of Emera.
Emera is awaiting the filing of the NMPRC’s written order. That filing will complete the final required regulatory approval and accordingly, all conditions precedent to completing the acquisition will have been fulfilled other than the customary closing conditions. The transaction closing is expected to occur on or about July 1st, 2016.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $11.5 billion in assets and 2015 revenues of $2.79 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout northeastern North America, and in four Caribbean countries. Emera continues to target having 75-85 percent of its adjusted earnings come from rate-regulated businesses.
To stop by Emera’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2016 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
