Announced
Completed
Financials
Tags
Private
energy distribution
United States
Conventional Electricity
Acquisition
Majority
Friendly
Completed
Single Bidder
Domestic
Synopsis
ENMAX, a vertically integrated utility that generates and distributes electricity, natural gas, renewable energy, and value-added services to customers in Alberta, completed the acquisition of Maine operations of Emera, a publicly-traded energy utility company, for $1.3bn, including debt. "We are pleased to have completed this acquisition, as it reflects our strategy to grow ENMAX's regulated utility business in North America, leveraging our expertise in the provision of safe, reliable, regulated transmission and distribution electricity services. ENMAX has made significant, long term commitments to Emera Maine's employees, customers, and Maine communities, and we look forward to delivering on our commitments and moving forward together," Gianna Manes, ENMAX President, and CEO.
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