Capital Power and Manulife acquire Midland Cogeneration facility for US$894M

Capital Power Corporation and Manulife Investment Management announced the acquisition of 100% of MCV Holding Company, which owns the 1,633 MW Midland Cogeneration Venture in Michigan, from OMERS for US$894 million including debt assumption. The transaction is expected to close in Q3 2022.

“The transaction provides immediate adjusted funds from operations (AFFO) accretion and is supported by highly contracted cash flows to 2030 and 2035 from long standing counterparties.”capitalpower.com

• 1 source
• capitalpower.comCapital Power and Manulife Investment Management announce the acquisition of the Midland Cogeneration facility in the United States - Capital PowerJul 12, 2022

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