Emera expands in Caribbean, buys majority stake in Grand Bahama Power

Thu, Dec 2nd 2010, 11:45 AM

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GRAND BAHAMA/

HALIFAX - (Canadian Business) Emera Inc. (TSX:EMA) says it's buying a majority stake in
Grand Bahama Power Company Ltd. for $82 million, beefing up the Canadian
utility company's assets in the Caribbean.

Halifax-based Emera -- owner of Nova Scotia Power's, the
province's main electric utility -- will have an 80.4 per cent direct and
indirect interest in the Bahamian island's only utility company once
the deal closes...

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