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Stock impact report

Billions on the line as Newfoundland launches four-month review of Quebec hydro deal [BNN Bloomberg (Canada)]

Emera Incorporated Common Shares (EMA) 
Company Research Source: BNN Bloomberg
Progressive Conservative Premier Tony Wakeham says he appointed a three-person panel to review the memorandum of understanding, and says they must complete their work by April 30, 2026. Wakeham had promised to review the deal in the recent provincial election campaign that brought his party to power. The review casts uncertainty over the deal that could be worth billions of dollars. But Wakeham says he is focused on getting the best deal possible for Newfoundland and Labrador and the panel will examine whether that is provided in the existing agreement. The panel will be chaired by Chris Huskilson, a former president and chief executive of Emera Inc., the parent company Nova Scotia Power. It also includes former EY executive Michael Wilson, who has shared several lengthy notes with media criticizing the draft deal and saying Newfoundland and Labrador could get better terms. The non-binding agreement was unveiled in Newfoundland and Labrador about a year ago by former Libe Show less Read more
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