# Capital Power to acquire 50.15% stake in Frederickson 1 gas-fired plant

Capital Power has agreed to acquire a 50.15% ownership interest in the Frederickson 1 Generating Station in Washington from Atlantic Power & Utilities for US$100 million. The transaction is expected to close in Q4 2023.

- Type: Acquisition
- Announced: 2023-10-10
- Where: Pierce County, Washington, United States
- Value: $100.0M
- Status: announced
- Capacity: 265 MW
- Products: natural gas-fired electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Capital Power Corporation](https://endata.com/companies/22368.md) (acquirer)
- [Atlantic Power & Utilities](https://endata.com/companies/73202.md) (partner)
- [Puget Sound Energy](https://endata.com/companies/73203.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2023/10/10/2757541/0/en/capital-power-announces-agreement-to-acquire-50-15-interest-in-frederickson-1-generating-station.html), 2023-10-10: "We are pleased to acquire this high-quality facility in the Pacific Northwest."

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