- Emera (OTCPK:EMRAF) reached a settlement yesterday with groups in New Mexico, including the state’s attorney general, on its $6.5B takeover of Teco Energy (TE +0.5%), bringing the deal first announced last September another step closer to completion.
- Emera agrees not to seek a base rate increase before Dec. 31, 2017, will evaluate a pipeline project that would increase the state’s gas-export capacity to Mexico, and plans to establish a $10 M matching fund to extend gas systems in underserved communities.
- New Mexico's Public Regulation Commission is scheduled to consider the merger proposal next month.