# Cogentrix Energy to acquire three power plants from Emera for $590M

Cogentrix Energy Power Management agreed to acquire Bridgeport Energy, Tiverton Power, and Rumford Power from Emera Incorporated for $590 million. The transaction is expected to close in the first quarter of 2022.

- Type: Acquisition
- Announced: 2021-11-12
- Where: United States
- Value: $590.0M
- Status: announced
- Products: electric power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Emera Inc.](https://endata.com/companies/35686.md) (target)
- [Cogentrix Energy Power Management](https://endata.com/companies/58964.md) (acquirer)

## Sources

- [in.marketscreener.com](https://in.marketscreener.com/quote/stock/EMERA-INCORPORATED-1409873/news/Cogentrix-Energy-Power-Management-LLC-agreed-to-acquire-Bridgeport-Energy-Tiverton-Power-and-Rumf-37043989/), 2021-11-11: "Cogentrix Energy Power Management, LLC agreed to acquire Bridgeport Energy, Tiverton Power, and Rumford Power from Emera Incorporated for $590 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.