Capital Power to divest Keephills 3 stake and acquire full ownership of Genesee 3

Capital Power announced an agreement to sell its 50% share of Keephills 3 to TransAlta and acquire TransAlta's 50% share of Genesee 3, gaining full control of the Genesee site. Net cost is $10 million.

“The transaction is aligned with Capital Power’s strategic plan to continue to deliver responsible energy for tomorrow.”globenewswire.com

• 1 source
• globenewswire.comCapital Power to gain 100% ownership and control of GeneseeCapital Power CorporationAug 2, 2019

Summarized from public sources; check the original articles before acting on it.