Emera closes acquisition of TECO Energy
Emera Inc. (TSX: EMA) today announced that it has completed the acquisition of all outstanding shares of TECO Energy Inc. for approximately US$6.5 billion.
TECO Energy's main subsidiary, Tampa Electric, is planning to expand the Polk Power Station to serve future electricity needs. Plans call for converting the four natural gas-fired combustion turbines into a more efficient combined-cycle unit. If we get all the necessary approvals, the $700 million project is scheduled to be running by early 2017.Visit web page
Tampa Electric has formed a partnership with the Florida Aquarium and the Florida Fish and Wildlife Conservation Commission, to create a conservation and technology park. When complete, the park will include:
TECO Energy supports the development of alternative fuel vehicles (AFVs). We believe electricity and compressed natural gas (CNG) have great growth potential, and utilities will play a key role in this emerging industry. We're helping companies across Florida to convert their fleets to CNG - to save fuel costs and to improve the environment. We 're also walking the walk, with a Green Fleet of our own.Visit web page
TECO Energy is built on a foundation of more than 100 years of history. We incorporate the strengths of four businesses and support services to work together as one united company. In the spirit of coming together, we have chosen to reinforce the values that unify our companies and support services under one common TECO Energy umbrella.Visit web page