Capital Power completes acquisition of the 1,092-MW Harquahala natural gas generation facility in Arizona

EDMONTON, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) is pleased to announce the closing today of the acquisition by a 50/50 partnership between Capital Power Investments, LLC and an affiliate of a fund managed by BlackRock’s Diversified Infrastructure business (“BlackRock”) of 100% of the equity interests in New Harquahala Generating Company, LLC (the “Harquahala Acquisition”) which owns the 1,092 MW Harquahala natural gas-fired generation facility in Arizona. Concurrently, approximately US$442 million of combined term loans, letter of credit loans and revolving loans related to the Harquahala facility were closed as part of the transaction.

Read more at globenewswire.com