November 26, 2018 / 2:18 PM / 20 days ago

Emera to sell gas-fired power plants to Carlyle for $590 mln

Nov 26 (Reuters) - Emera Inc on Monday said it will sell three of its natural gas-fired power plants in New England to the Carlyle Group for $590 million.

This transaction is part of the three-year funding plan that Emera introduced during its third-quarter earnings results, said CEO Scott Balfour.

The proceeds will go towards funding future opportunities, he added. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Shinjini Ganguli)

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