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.  

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...