Capital Power to buy Decatur Energy Center from LS Power
Canada's Capital Power Corp (TSX: CPX) has agreed to acquire Decatur Power Holdings LLC, which owns the Decatur Energy Center, a 795 megawatt natural gas-fired combined cycle power generation plant located in Decatur, Alabama. Capital Power agreed to pay US$441 million, subject to working capital and adjustments, to an affiliate of LS Power Equity Partners, a U.S. private equity firm focused on the power industry. Capital Power, an Edmonton-based power generation business, said the acquisition, expected to close in June, represents a significant step in its growth strategy.
13 April 2017•8 mins read
