# 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).

- Type: Acquisition
- Announced: 2023-11-20
- Where: Kern County, California; Arizona, United States
- Value: $1.10B
- Status: announced
- Capacity: 1,062 MW (La Paloma) + 1,062 MW (Harquahala)
- Products: natural gas-fired electricity generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [BlackRock](https://endata.com/companies/7003.md) (partner)
- [Capital Power Corporation](https://endata.com/companies/22368.md) (acquirer)
- [CSG Investments](https://endata.com/companies/73903.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2023/11/20/2783611/0/en/capital-power-announces-strategic-acquisition-of-two-contracted-combined-cycle-u-s-gas-generation-facilities-and-a-400-million-subscription-receipts-offering.html), 2023-11-20: "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 "

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