Atlantic Power is acquiring all the outstanding limited partnership shares of Capital Power Income (CPI). The independent power producer will be paying a total of $1.12 billion for the acquisition.
As a part of the deal, CPI will sell its two North Carolina power plants to its shareholder, Capital Power for $123.7 million. On the transaction, TD Securities and Morgan Stanley are financial advisors to Atlantic Power, while CIBC and Greenhill are financial advisors to CPI.
Click here for the release from Capital Power.
