Emera Inc. announced that it has completed the acquisition of all outstanding shares of TECO Energy, Inc. for approximately $6.5 billion

TECO Energy's New Mexico Gas Company, which serves 509,000 natural gas customers, offers a customer choice program for all customer classes, including residential customers, though the residential market has seen scant activity.

TECO Energy's Peoples Gas System, Florida's largest natural gas distributor serving more than 345,000 customers, also offers a customer choice program open to all customer classes except "residential" customers (a residential customer using 2,000 therms or more annually, however, would be classified as general service and would be eligible for choice).

Among other utilities, Emera owns Bangor Hydro-Electric and Maine Public Service, which offer electric choice programs. Emera also owns several unregulated generating plants and energy marketer Emera Energy

Tags:
M&A   Emera   TECO   New Mexico Gas Company  

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