Jul 30, 2019ACQUISITIONOntario, Canada TC Energy sells three gas-fired power plants to OPG for $2.87B
TC Energy sold two natural gas-fired power plants (Napanee and Halton Hills) and a 50% stake in the Portlands Energy Centre to Ontario Power Generation for $2.87 billion.
Capacity
900 MW Napanee, 683 MW Halton Hills, 550 MW Portlands Energy Centre (50%)
Productsnatural gas-fired power generation
“The transaction will see the Calgary-based pipeline giant formerly known as TransCanada sell two of its natural gas-fired power plants and a 50 per cent stake in a third gas plant to Ontario Power Generation Inc.”financialpost.com
- 3 sources
- financialpost.comTC Energy strikes a $2.87 billion gas-plant deal with Ontario Power Generation - Financial PostGeoffrey MorganJul 30, 2019
- financialpost.comOPG's multi-billion-dollar gas-plant buying spree partly prompted by shifting nuclear landscape: CEO - Financial PostGeoff ZochodneAug 13, 2019
- ippjournal.comOPG subsidiary reaches agreement with affiliates of TC Energ... |Aug 21, 2019
Summarized from public sources; check the original articles before acting on it.
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