Emera’s model: Customer value leads to shareholder value

, Financial News

Chris Huskilson, Emera Presideny and CEO,  at Le Germain Hotel in Calgary.

In less than two months, the largest acquisition by Halifax-based Emera Inc. — a US$10.4 billion transaction to purchase TECO Energy, a regulated utility with operations in New Mexico and Florida — is expected to close.

The acquisition, announced last September will be transformative: it will vault the company into the ranks of the Top 20 regulated utilities in North America and means Canada will contribute a mere 25 per cent of its earnings.

Prior to this, Emera, which held its annual meeting in Toronto on Tuesday, generated 49 per cent of its earnings from Canada. Accordingly, Emera is far removed from the former Nova Scotia Power privatized by the provincial government in late 1998.

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