New Mexico PRC Approves Emera Acquisition of TECO Energy
6/23/2016
The New Mexico Public Regulation Commission (NMPRC) voted unanimously to approve final authorization Emera’s proposed acquisition of TECO Energy and the indirect acquisition of New Mexico Gas Company. (NMGC). Emera awaits the filing of the NMPRC’s written order, which will complete the final required regulatory approval. The transaction is expected to close July 1.
“We look forward to our future in New Mexico and supporting the New Mexico Gas Company’s work in serving its customers and communities. We are excited about the many growth opportunities we see in both New Mexico and Florida,” said Chris Huskilson, president and CEO of Emera.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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