PE-backed ANC Power buys energy contract from Alberta's Balancing Pool
ANC Power Inc and TransCanada Energy Ltd have acquired two 100 megawatt energy contracts from The Balancing Pool, an Alberta government agency set up to promote competition in the electric industry. The contracts commence on November 1st and expire in October 2017. The financial terms of the transactions were not disclosed. ANC Power is co-owned by West Fraser Timber Co Ltd and Whitecourt Newsprint LP, an affiliate of Canadian private equity firm Stern Partners. Earlier this year, the Vancouver-based Stern Partners acquired a majority interest in McRae’s Environmental Services Ltd.
31 October 2014•2 mins read
