TEP parent company announces merger with Canadian utility - Tucson News Now

TEP parent company announces merger

The parent company of Tucson Electric Power announced today that it has approved a merger agreement with a Canadian company.

UNS Energy said it plans to merge with Fortis, which is Canada's largest investor-owned utility in a deal worth more than $4 billion.

Company leaders say both TEP and sister company Unisource Energy will remain headquartered in Tucson with no changes to existing operations or rates.

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