1205 ET - Capital Power is taking a big strategic step with the acquisition of two large-scale natural gas generation facilities. Scotiabank's Robert Hope says acquiring the Hummel Station and Rolling Hills from LS Power $2.2 billion marks Capital Power's entry into the PJM Interconnection, a large power market in North America, covering multiple states in the U.S. The move "significantly diversifies its geographic footprint and enhances its flexible generation portfolio." Hope sees the acquisition positively "as it aligns with CPX's growth strategy, leverages its operational expertise, and establishes a meaningful presence in a key U.S. power market with favourable fundamentals." (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 12:05 ET (16:05 GMT)
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