MPUC approves Emera investment

The Maine Public Utilities Commission (MPUC) has issued its written decision reinstating its approval of Emera’s investment in Northeast Wind Partners and its investment in Algonquin Power & Utilities (AQN).

By Ritesh Gupta

The development was confirmed by Emera, which has invested more than $1bn in the State of Maine.

The MPUC’s decision provides confirmation of Emera’s ability to pursue future investments in Maine.

Emera has invested a total of $225m in Northeast Wind Partners. The partnership, which is a joint venture with First Wind, includes 419 MW of operating wind projects. The decision also reconfirms approval for Emera to own 25% of AQN common shares.