# 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.

- Type: Acquisition
- Announced: 2019-08-02
- Where: Alberta, Canada
- Value: $10.0M
- Status: announced
- Capacity: 466 MW (Genesee 3)
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Capital Power Corporation](https://endata.com/companies/22368.md) (acquirer)
- [TransAlta](https://endata.com/companies/41082.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/08/02/1896280/0/en/Capital-Power-to-gain-100-ownership-and-control-of-Genesee-Generating-Station-through-divestiture-of-interest-in-Keephills-3.html), 2019-08-02: "The transaction is aligned with Capital Power’s strategic plan to continue to deliver responsible energy for tomorrow."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.