Emera deal approved
HALIFAX, N.S. — Officials with Emera Inc. and Maine & Maritimes Corporation announced last week that the Federal Energy Regulatory Commission has approved the acquisition of Maine & Maritimes Corporation (MAM) by BHE Holdings Inc., a subsidiary of Emera Inc. and the parent company of Bangor Hydro Electric Company.
This is the last approval needed to complete the transaction. The transaction was previously approved by MAM shareholders in July, 2010 and by the Maine Public Utilities Commission in September, 2010. The parties expected to close the transaction on or about Dec. 21, 2010.
