Capital Power acquires La Paloma and Harquahala gas-fired plants for $1.1 billion

Capital Power Corporation acquired 100% of La Paloma (1,062 MW) in California and, through a 50/50 partnership with BlackRock, 100% of Harquahala (1,062 MW) in Arizona for US$1.1 billion (~$1.5 billion).

“Capital Power Corporation announced today that it has entered into two separate definitive agreements with CSG Investments, Inc., a subsidiary of Beal Financial Corporation, to acquire: 1. 100% of the equity interests in CXA La Paloma, LLC... and 2. ...100% of the equity interests in New Harquahala ”globenewswire.com

• 1 source
• globenewswire.comCapital Power Announces Strategic Acquisition of TwoCapital Power CorporationNov 20, 2023

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