NAFTA Concerns Could Complicate $1.5B Fortis-CH Merger

Law360, New York (April 16, 2013, 7:17 PM EDT) -- With Fortis Inc. close to completing its purchase of New York's Central Hudson Gas & Electric Corp., concerns about the Canadian buyer's ability to use an international trade pact to blunt the state's power over the utility's clean energy and storm response spending is threatening to complicate the endgame.

Lawmakers including New York State Assemblyman Kevin Cahill, a Democrat from Kingston, as well as those from two local legislatures and a group representing low-income ratepayers all have raised concerns about whether the St. John's, Newfoundland-based energy...
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