Emera acquires three New England power plants for $541M

|About: Emera Inc. (EMRAF)|By:, SA News Editor

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.