The company had taken on the obligation because it wanted to adopt U.S. accounting rules for its financial statements.
[HALIFAX, NS] — Power utility Emera Inc. said Thursday it is terminating its reporting obligations with the U.S. Securities and Exchange Commission.
The company had taken on the obligation because it wanted to adopt U.S. accounting rules for its financial statements, however the requirement is no longer necessary.
"Upon making this filing, Emera's reporting obligations with the SEC, including its obligations to file annual reports on Form 40-F and furnish reports on Form 6-K, will immediately be suspended," the company said in a statement.
Emera is owner of Nova Scotia Power Inc., the main power utility in Nova Scotia.
The company also has investments throughout northeastern North America, in three Caribbean countries and in California.