EMRAF
Emera Inc.OTCPK - Current
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  • Mon, Nov. 7, 5:47 PM
    | Mon, Nov. 7, 5:47 PM
  • Fri, Sep. 30, 3:33 PM
    | Fri, Sep. 30, 3:33 PM | 1 Comment
  • Mon, Aug. 8, 5:33 PM
    | Mon, Aug. 8, 5:33 PM
  • Tue, Jul. 5, 10:08 AM
    • Emera (OTCPK:EMRAF) declares $0.5225/share quarterly dividend, 10% increase from prior dividend of $0.475, representing an annual yield of 5.6%.
    • “The significant earnings and cash accretion expected from the TECO Energy acquisition, combined with the growth potential for the merged businesses, has provided our Board of Directors with the confidence to increase the common share dividend by 10 percent, and extend the 8 percent dividend growth target through 2020,” said Chris Huskilson, President and CEO of Emera.
    | Tue, Jul. 5, 10:08 AM | 12 Comments
  • Mon, May 9, 5:51 PM
    • Emera (OTCPK:EMRAF): Q1 EPS of C$0.81
    • Revenue of C$877M (-1.3% Y/Y).
    | Mon, May 9, 5:51 PM
  • Tue, Apr. 12, 9:58 AM
    • 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.
    | Tue, Apr. 12, 9:58 AM | 5 Comments
  • Fri, Apr. 8, 9:29 AM
    • Emera (OTCPK:EMRAF) declares C$0.475/share quarterly dividend, in line with previous.
    • Forward yield 4.05%
    • Payable May 16; for shareholders of record May 2; ex-div April 28.
    | Fri, Apr. 8, 9:29 AM
  • Thu, Feb. 25, 9:14 AM
    • Cleco (NYSE:CNL) -2.7% premarket, on top of yesterday's 9.4% plunge, after Louisiana's Public Service Commission rejected a $4.9B proposed takeover by a Macquarie-led (OTC:MCQEF) investor group, saying the deal was not in the best interest of customers.
    • Among their objections, commissioners cited the purchase by Australian and Canadian investors who planned to sell the utility in 8-10 years, and the “double leverage” method of financing the transaction that left open the possibility that CNL customers could be on the hook for the debt.
    • The rejection comes as foreign buyers including Fortis (OTCPK:FRTSF) and Emera (OTCPK:EMRAF) are seeking approval to take over U.S. power companies, and the CNL ruling may hurt the chances of future acquisitions by non-U.S. companies.
    • Shares are downgraded to Sell from Neutral at Ladenburg Thalmann on the news.
    | Thu, Feb. 25, 9:14 AM | 10 Comments
  • Fri, Feb. 12, 5:09 PM
    • Emera Inc. (OTCPK:EMRAF): Q4 EPS of C$0.59
    • Revenue of C$731.6M (-6.5% Y/Y)
    | Fri, Feb. 12, 5:09 PM
  • Sep. 8, 2015, 6:42 PM
    • Company officials say they expect TECO Coal will not be a part of TECO Energy (NYSE:TE) when Emera Energy's (OTCPK:EMRAF) $10.4B deal to buy the utility company closes in mid-2016.
    • "Emera and TECO both agree that we need to exit the coal business, and our expectation is that's going to happen sooner rather than later," TE CEO John Ramil said during a conference call earlier today.
    • TE shares jumped 25% in today's trade in reaction to the acquisition, announced after Friday's close.
    | Sep. 8, 2015, 6:42 PM
  • Sep. 4, 2015, 5:14 PM
    • TECO Energy (NYSE:TE) +24.1% AH after agreeing to be acquired by Canada-based energy company Emera (OTCPK:EMRAF) in a $10.4B deal, including $3.9B of debt.
    • The $27.55/share price is a 30% premium over today's closing price and a 48% premium based on TE's unaffected closing stock price on July 15, the last trading day prior to news reports regarding the company's strategic review.
    • The companies say the merger creates a North American energy leader with more than $20B of assets and more than 2.4M electric and gas customers.
    | Sep. 4, 2015, 5:14 PM | 18 Comments
  • Aug. 11, 2015, 10:20 AM
    • Emera Inc. (OTCPK:EMRAF) declares C$0.475/share quarterly dividend.
    • Forward yield 4.33%
    • Payable Nov. 16; for shareholders of record Nov. 2; ex-div Oct. 29.
    | Aug. 11, 2015, 10:20 AM
  • Sep. 29, 2014, 6:23 AM
    • Emera (OTCPK:EMRAF) declares $0.3875/share quarterly dividend, 6.9% increase from prior dividend of $0.3625.
    • Forward yield 5.12%
    • Payable Nov. 17; for shareholders of record Nov. 3; ex-div Oct. 30.
    | Sep. 29, 2014, 6:23 AM
  • Jul. 10, 2014, 8:41 AM
    ABB has been awarded a $400M from NSP Maritime Link, a subsidiary of Emera (EMRAF), to attach electricity generated in Newfoundland and Labrador to the North American grid in Nova Scotia via a 500 MW high voltage direct current connection. (PR)
    | Jul. 10, 2014, 8:41 AM
  • Oct. 16, 2013, 9:13 AM
    • Emera Inc. (EMRAF.PK) declares $0.3625/share quarterly dividend
    • Forward yield 5.06%
    • Payable Nov. 15; for shareholders of record Nov. 1; ex-div Oct. 30.
    | Oct. 16, 2013, 9:13 AM
  • Aug. 28, 2013, 9:58 AM
    • 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.
    | Aug. 28, 2013, 9:58 AM