HALIFAX, Nova Scotia--(BUSINESS WIRE)--
Emera (TSX:EMA)announced today that the sale of its 49% interest
in Northeast Wind Partners II, LLC (“Northeast Wind”) to First Wind
Holdings, LLC (“First Wind”) has closed.
The proposed sale was announced in November 2014. Northeast Wind owns
and operates 419 MW of wind generating assets located in the northeast
United States. First Wind purchased Emera’s interest in Northeast Wind
for USD $ 223.3 million. Emera’s carrying value of its 49% interest as
of December 31st, 2014, was USD $ 204.4 million.
Forward Looking Information
This news release contains forward looking information. Actual future
results may differ materially. Additional information related to Emera,
including the company’s Annual Information Form, can be found on SEDAR
at www.sedar.com.
About Emera
Emera Inc. is a geographically diverse energy and services company
headquartered in Halifax, Nova Scotia with $9.41 billion in assets and
2013 revenues of $2.2 billion. The company invests in electricity
generation, transmission and distribution, as well as gas transmission
and utility energy services. Emera's strategy is focused on the
transformation of the electricity industry to cleaner generation and the
delivery of that clean energy to market. Emera has investments
throughout northeastern North America, and in four Caribbean countries.
Emera continues to target having 75-80% of its adjusted earnings come
from rate-regulated businesses.
Emera common and preferred shares are listed on the Toronto Stock
Exchange and trade respectively under the symbol EMA, EMA.PR.A,
EMA.PR.C, EMA.PR.E, and EMA.PR.F. Additional Information can be accessed
at www.emera.com
or at www.sedar.com.
Emera Inc.
Media:
Dina Bartolacci Seely, 902-428-6059
dina.bartolacci@emera.com
or
Investor
Relations:
Scott LaFleur, 902-428-6375
scott.lafleur@emera.com
Source: Emera Inc.