Brief: Capital Power Announces Agreement To Acquire 50.15% Interest In Frederickson 1 Generating Station

Capital Power

10/10/2023 14:14

Oct 10 (Reuters) - Capital Power Corp  CPX.TO :
    * CAPITAL POWER ANNOUNCES AGREEMENT TO ACQUIRE 50.15%
INTEREST IN
FREDERICKSON 1 GENERATING STATION
    * CAPITAL POWER CORP - TO ACQUIRE A 50.15% OWNERSHIP
INTEREST IN
FREDERICKSON 1 GENERATING STATION FROM ATLANTIC POWER &
UTILITIES FOR US$100 MILLION
    * CAPITAL POWER CORP - WILL FINANCE TRANSACTION USING CASH
ON HAND
AND ITS CREDIT FACILITIES
    * CAPITAL POWER CORP - TRANSACTION IS EXPECTED TO CLOSE IN
Q4 OF
2023
    * CAPITAL POWER CORP - TRANSACTION EXPECTED TO DELIVER
ACCRETIVE
NEAR-TERM CASH FLOWS

Source text for Eikon:  ID:nGNXsPt3H 
Further company coverage:  CPX.TO 

 ((Reuters.Briefs@thomsonreuters.com))