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

TEP parent company announces merger

Posted: Updated:

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.

Copyright 2013 Tucson News Now. All rights reserved.

 

 

Powered by WorldNow