FERC Approves Emera’s Acquisition of TECO Energy

 FERC Approves Emera’s Acquisition of TECO Energy

The Federal Energy Regulatory Commission (FERC) approved the acquisition of U.S.-based TECO Energy (NYSE: TE) by Canada-based Emera Inc.
 
Emera announced its $10.4 billion acquisition of TECO Energy  Sept. 4, 2015. TECO Energy shareholders approved the deal Dec. 3.

Closing is dependent on approval by the New Mexico Public Regulation Commission, compliance with any applicable requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, completion of review by the Committee on Foreign Investment in the U.S. and the satisfaction of customary closing conditions.  



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