TSX:CPXRenewable Energy
Capital Power (TSX:CPX) Is Down 5.4% After Announcing US$3 Billion U.S. Gas Venture Plan
Earlier this month, Capital Power announced it had signed a memorandum of understanding with Apollo Funds to create an investment partnership targeting up to US$3.00 billion of equity for acquiring merchant U.S. natural gas generation assets, with Apollo Funds contributing up to US$2.25 billion and Capital Power up to US$750 million.
The arrangement would see Capital Power operate any acquired plants, earn management and performance fees, and apply its operating platform to improve asset...