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ENMAX Corp. to purchase Emera Maine

Release Date:  03-25-2019

HALIFAX, Nova Scotia and CALGARY, Alberta -- Emera Inc. (TSX:EMA) and ENMAX Corp. (ENMAX) today announced that they have entered into a definitive agreement in which Emera has agreed to sell to ENMAX its interest in Emera Maine, its regulated electric transmission and distribution company in Maine, for a purchase price of $959 million USD ($1,286 million CAD).

You can view the full media release from ENMAX Corp. and Emera Inc. here.

Emera Maine is committed to delivering safe, reliable electric service. As the state's second-largest electric utility, the company delivers electricity to more than 158,000 residential, commercial and industrial customers across 10,400 square miles in five counties in eastern and northern Maine.