Emera to sell gas-fired power plants to Carlyle for $780 mln: Reuters
Emera Inc has agreed to sell three of its natural gas-fired power plants in New England to Carlyle Group for $780 million (US$590 million), as part of its efforts to cut debt, Reuters reported. This transaction is part of the three-year funding plan that the Canadian energy company introduced during its third-quarter earnings results, said Chief Executive Officer Scott Balfour. The three units, Bridgeport Energy, Tiverton Power and Rumford Power, will be sold to Cogentrix, an affiliate of Carlyle. Halifax-based Emera, which invests in energy generation and transmission, had a debt of $13.9 billion in 2017.
26 November 2018•1 min read
