Capital Power completes acquisition of 50.15% interest in the Frederickson 1 Generating Station
Benzinga
DECEMBER 28, 2023
Capital Power financed the transaction using cash on hand and its credit facilities. The acquisition is immediately accretive to near-term cash flows and, for Capital Power's portion of the Facility, provides an expected average contracted adjusted EBITDA of US$15 million per year during the 5-year period of 2024-2029.
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