FERC Approves Emera's Acquisition Of TECO Energy - Quick Facts

(RTTNews) - Emera Inc. (EMA.TO) announced the Federal Energy Regulatory Commission has approved the acquisition of TECO Energy Inc. (TE), finding the transaction is consistent with the public interest. The acquisition was announced on September 4, 2015, and TECO Energy shareholders approved the deal on December 3, 2015.

The company said the closing of the acquisition remains subject to certain other regulatory and government approvals, including approval by the New Mexico Public Regulation Commission, compliance with any applicable requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, completion of review by the Committee on Foreign Investment in the United States, and the satisfaction of customary closing conditions.