MAINE, USA — State regulators have approved the sale of Emera Maine.
Emera Maine, the dominant electric company for northern and eastern Maine is being sold to a company in Canada.
State regulators approved the sale on Tuesday, March 17, 2020.
Enmax, a company based in Canada, is paying $1.3 billion to acquire Emera.
The deal includes $5 million for rate relief to those in the Low-Income Home Energy Assistance Program and upgrading grid reliability and customer service.