Emera (TSE:EMA) has released an update.
Emera Inc. has achieved a significant milestone by securing a $500M federal loan guarantee to alleviate energy costs for Nova Scotia Power customers. This move addresses the financial impact of delays in the Muskrat Falls project and aims to prevent rate hikes and stabilize Nova Scotia Power’s credit rating. Regulatory approval is pending, with applications to be filed by NSPI and NSPML.
For further insights into TSE:EMA stock, check out TipRanks’ Stock Analysis page.
