TECO Energy acquisition expands Emera's U.S. presence and increases regulated earnings mix.
Lured by higher allowed returns and greater growth opportunities, Emera has transitioned from a predominantly Canadian utility to one where a majority of earnings come from U.S. subsidiaries. Management made its boldest move yet in acquiring TECO Energy, paying a healthy premium for a regulated utility in constructive Florida.While Emera's Canadian utilities earn sub-9% allowed returns, the units typically enjoy lower costs of capital than U.S. counterparts. Forward test years and fuel-adjustmen...Emera is an energy and services company which invests in electricity generation, transmission and distribution, gas transmission and utility energy services. Co. had six segments: Nova Scotia Power Inc., an electric utility and electricity supplier in Nova Scotia; Emera Maine, which provides electric transmission and distribution services in the U.S.; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subidiaries; Pipelines, which includes Emera Brunswick Pipeline Company Ltd. and an equity investment in Maritimes & Northeast Pipeline; Emera Energy, which includes Emera Energy Services that provides energy management services; and Corporate and Other.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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