Recently sold Emera Maine rebrands itself as Versant Power The electric utility, which serves northern and eastern Maine, was purchased in March by Enmax Corp., a western Canadian utility… “The sale price sits outside the rates that are set for Emera Maine, [which] will continue to be set by the [Public] Utilities Commission of Maine, and our expectation is that none of the activities that we’re talking about today in terms of ownership change will have any effect on customer rates whatsoever.”That request, which is still moving forward despite the announced sale, could result in a $5.75 monthly increase for a customer using an average of 500 kilowatt hours of electricity, Michael Herrin, Emera Maine’s president and chief operating officer, said at the news conference.Officials from Emera and ENMAX said the sale could take nine months.
ENNMAX said it will fund the acquisition through debt, and that inclusive of incremental transaction financing, the deal is expected to be immediately accretive to earnings and cash flow.Regulators at the Maine Public Utilities Commission and Federal Energy Regulatory Commission will need to approve the deal.Emera continues to own utilities across North America, including Follow Topics covered: smart grid tech, clean energy, regulation, generation, and much more.Discover announcements from companies in your industry.The free newsletter covering the top industry headlinesTopics covered: smart grid tech, clean energy, regulation, generation, and much more.The free newsletter covering the top industry headlinesTopics covered: smart grid tech, clean energy, regulation, generation, and much more.
Call Kelley Wescott at (207) 667-2576 or send an Kate covers the city of Ellsworth, including the Ellsworth School Department and the city police beat, as well as the towns of Amherst, Aurora, Eastbrook, Great Pond, Mariaville, Osborn, Otis and Waltham. (File photo) Consumer-owned utilities' information based on 2015 annual reports (filed in 2016) and supply rates in effect 12/31/16.
The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera Maine was a utility with 130,000 customers in Maine, created through the merger of Bangor Hydro (acquired in 2002) and Maine Public Service (acquired in 2010). Emera Maine was a utility with 130,000 customers in Maine, created through the merger of Bangor Hydro (acquired in 2002) and Maine Public Service (acquired in 2010).
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Nova Scotia Power is Emera’s founding affiliate and a wholly owned subsidiary. Emera Maine, an electric power utility based in Bangor and Presque Isle that serves 160,000 customers across eastern and northern Maine, has changed its name to Versant Power, the company said Thursday.Enmax Corp., a western Canadian utility company, completed its purchase of Emera Maine in March, following a negotiated settlement that’s expected to save Maine ratepayers more than $30 million.Over the coming months, the name and logo on Emera Maine bills, its website and email addresses will be changed to Versant Power, the company said.“Versant Power is our new name, and it speaks to what we know, how we work and who we serve,” said Mike Herrin, the company’s president and chief operating officer, in a news release. From our origins as a single electric utility in Nova Scotia, Emera has grown into an energy leader with $32 billion of assets in 2019 and serving more than 2.5 million customers in Canada, the US and the Caribbean. Senate President Troy Jackson, D-Allagash, will hold a virtual town hall meeting at 6 p.m. on Wednesday, May 27.Joey Ouellette was the only one of three candidates for Fort Kent Town Council who participated in a public Candidate’s Forum held Monday, March 16.AARP has named Sen. You will receive an email to complete the registration. The transaction is expected to close by the end of the year.“One of our priorities has been to identify a buyer for Emera Maine that has the technical skills, experience and financial strength to assure that our customers will continue to receive high-quality, reliable service,” said Scott Balfour, president and chief executive officer of Emera. Press Release from Oct 19 – Oct 21, 2020
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