Emera Completes Transaction to Transfer Equity Interest in Labrador Island Link
04 Junho 2024 - 2:13PM
Business Wire
Emera Inc. (“Emera”) (TSX:EMA) today announced the previously
announced transaction where KKR would acquire Emera’s indirect
minority equity interest in the Labrador Island Link (LIL), has
closed effective today. The LIL is a 1,100 km high voltage
transmission line that delivers renewable energy to Newfoundland,
Nova Scotia and beyond, helping meet the growing demand for clean
energy across the region. The transaction was originally announced
on May 28, 2024.
About Emera Emera Inc. is a geographically diverse energy
and services company headquartered in Halifax, Nova Scotia, with
approximately $39 billion in assets and 2023 revenues of $7.6
billion. The company primarily invests in regulated electricity
generation and electricity and gas transmission and distribution
with a strategic focus on transformation from high carbon to low
carbon energy sources. Emera has investments in Canada, the United
States and in three Caribbean countries. Emera’s common and
preferred shares are listed on the Toronto Stock Exchange and trade
respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C,
EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary
receipts representing common shares of Emera are listed on the
Barbados Stock Exchange under the symbol EMABDR and on The Bahamas
International Securities Exchange under the symbol EMAB. Additional
information can be accessed at www.emera.com or at
www.sedarplus.ca.
Forward Looking Information This news release contains
forward‐looking information within the meaning of applicable
securities laws, including statements concerning the acquisition of
Emera’s indirect interest in the LIL by KKR, Emera’s future
financial performance, the service life of the LIL, Emera’s
engagement in the LIL, including future sustaining capital
investments, and market conditions and demand for clean energy in
Atlantic Canada in the future. Undue reliance should not be placed
on this forward-looking information, which applies only as of the
date hereof. By its nature, forward‐looking information requires
Emera to make assumptions and is subject to inherent risks and
uncertainties. These statements reflect Emera management’s current
beliefs and are based on information currently available to Emera
management. There is a risk that predictions, forecasts,
conclusions and projections that constitute forward‐looking
information will not prove to be accurate, that Emera’s assumptions
may not be correct and that actual results may differ materially
from such forward‐looking information. Additional detailed
information about these assumptions, risks and uncertainties is
included in Emera’s securities regulatory filings, including under
the heading “Business Risks and Risk Management” in Emera’s annual
Management’s Discussion and Analysis, and under the heading
“Principal Risks and Uncertainties” in the notes to Emera’s annual
and interim financial statements, which can be found on SEDAR+ at
www.sedarplus.ca.
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version on businesswire.com: https://www.businesswire.com/news/home/20240604001683/en/
Media Dina Bartolacci Seely media@emera.com
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