Seeking Alpha

Emera acquires three New England power plants for $541M

  • Emera (EMRAF.PK) agrees to acquire three New England natural gas fired power generation plants from Capital Power for $541M, adding 1,050 MW to its generating capacity in the region.
  • Nova Scotia-based Emera says adding gas generation to its existing generation portfolio of wind and hydro assets in the northeast U.S. fulfills a strategic objective.
  • Capital Power says it’s also winding down its commodity and energy trading business outside Alberta before year-end.
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