Canadian Utilities Ltd. said Sept. 30 that it completed the sale of a portfolio of generation assets to an affiliate of Energy Capital Partners LLC.
The portfolio consisted of 10 partly and fully owned natural gas-fired and coal-fired power plants in Alberta and British Columbia with a combined capacity of about 1,800 MW. The approximately C$835 million transaction completes the ATCO Ltd. subsidiary's sale of its fossil fuel-based Canadian power portfolio, totaling 2,100 MW.
"With the completion of these transactions, we are well positioned to capture new opportunities for growth at home and abroad," said Siegfried Kiefer, president and CEO of Canadian Utilities. "Going forward, as part of ATCO, we will continue our focus on building a global portfolio of premier utility and long-term contracted energy infrastructure assets, and on reliably delivering operational excellence and exceptional customer service."
In a separate transaction in August, the company sold its 50% ownership interest in the 580-MW Brighton Beach Power Station in Windsor, Ontario, to Ontario Power Generation Inc.
In July, the company completed the sale of its 50% ownership interest in the 260-MW Cory Cogeneration to SaskPower International Inc., according to a Sept. 30 news release.
