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Emera and TECO Energy file settlement agreement in New Mexico
Emera and TECO Energy file settlement agreement in New Mexico Emera and TECO Energ...
About this update from Emera Incorporated
[{"type":"text","content":"\n\n\n\nEmera and TECO Energy file settlement agreement in New Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nEmera and TECO Energy file settlement agreement in New Mexico\nCanada NewsWire\nHALIFAX, NS and TAMPA, FL, April 11, 2016\n\n\n\n\n\n\nAgreement provides significant economic benefits to New Mexico communities, customers\n\n\n\nHALIFAX, NS and TAMPA, FL, April 11, 2016 /CNW Telbec/ - Emera Inc. (\"Emera\") (TSX: EMA) and TECO Energy, Inc. (\"TECO Energy\") (NYSE: TE) today filed with the New Mexico Public Regulation Commission (\"NMPRC\") an unopposed Stipulation Agreement (\"Stipulation\") reflecting a settlement (\"Settlement\") reached with intervening parties in the acquisition case currently pending before the NMPRC for approval of Emera's proposed acquisition of TECO Energy and the indirect acquisition of New Mexico Gas Co. \n\n(Photo: http://photos.prnewswire.com/prnh/20160411/353991LOGO)\n\n\"The parties have worked together to develop a Settlement that provides significant benefits to New Mexico Gas Co. customers and to communities across New Mexico,\" said Chris Huskilson, President and CEO of Emera Inc. \"We thank all the parties involved for their diligence over the last several months, and we look forward to working through the important remaining steps in the New Mexico regulatory process.\" \n\nIn the Stipulation, the parties state that they believe the Settlement is in the public interest and have recommended approval to the NMPRC. Amongst other elements, the Stipulation lays out a number of Emera's commitments including to honour the commitments made by TECO in the 2014 acquisition case, invest in the expansion of the natural gas system to underserved communities and the Mexican border, and provide resources to support certain economic growth projects and programs.\n\nThe Stipulation filed with the NMPRC can be found at https://www.nmgco.com/regulatory_filings.aspx or on the NMPRC's website at www.nmprc.state.nm.us (Case No. 15-00327-UT).  The Stipulation is subject to review and approval by the ...