TECO Energy Shareholders Approve Merger with Emera Inc.
03 Dicembre 2015 - 8:52PM
Business Wire
Shareholders of TECO Energy (NYSE: TE) today voted to approve
the proposed merger with Emera Inc.
The proposed merger, which is subject to regulatory approvals
and certain other customary closing conditions, is expected to
close in mid-2016.
TECO Energy Inc. (NYSE: TE) is an energy-related holding company
with regulated electric and gas utilities in Florida and New
Mexico. Tampa Electric serves more than 715,000 customers in West
Central Florida; Peoples Gas System serves more than 360,000
customers across Florida; and New Mexico Gas Co. serves more than
515,000 customers across New Mexico.
Note: This press release contains forward-looking statements,
which are subject to the inherent uncertainties in predicting
future results and conditions. Actual results may differ materially
from those forecasted. The forecasted results are based on TECO
Energy’s current expectations and assumptions, and it does not
undertake to update that information or any other information
contained in this press release, except as may be required by law.
Factors that could impact actual results include risks and
uncertainties relating to the following: the risk that Emera or
TECO Energy may be unable to obtain governmental and regulatory
approvals required for the proposed transaction, or required
governmental and regulatory approvals may delay the proposed
transaction; the risk that a condition to the closing of the
proposed transaction may not be satisfied; and the timing to
consummate the proposed transaction. Additional information is
contained under "Risk Factors" in TECO Energy, Inc.'s Quarterly
Report on Form 10-Q for the period ended Sept. 30, 2015, as updated
in subsequent filings with the SEC.
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version on businesswire.com: http://www.businesswire.com/news/home/20151203006204/en/
TECO EnergyCherie Jacobs, 813-228-4945
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