Emera Makes $6.5 Billion Bet on U.S. Power Markets in Teco Deal

Updated on
  • U.S. operations would account for 71% of Emera's earnings
  • Transaction to be accretive to Emera earnings in 2017

Canadian power producer Emera Inc. agreed to buy Florida generator Teco Energy Inc. for $6.5 billion on Friday, marking its biggest acquisition to date and a major shift for the company into U.S. power and gas markets.

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