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Emera to sell gas-fired power plants to Carlyle for $590 mln

Published 2018-11-26, 09:15 a/m
Emera to sell gas-fired power plants to Carlyle for $590 mln
EMA
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CG
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Nov 26 (Reuters) - Emera Inc EMA.TO on Monday said it will sell three of its natural gas-fired power plants in New England to the Carlyle Group CG.O for $590 million.

This transaction is part of the three-year funding plan that Emera introduced during its third-quarter earnings results, said CEO Scott Balfour.

The proceeds will go towards funding future opportunities, he added.

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