Capital Power Corporation (TSX:CPX) entered into an agreement to acquire 50.15% stake in Frederickson Power LP from Atlantic Power Limited Partnership for $97.5 million on October 10, 2023. Capital Power will finance the transaction using cash on hand and its credit facilities. The transaction is expected to close in the fourth quarter of 2023, subject to customary regulatory approvals and other closing adjustments and conditions.

Capital Power Corporation (TSX:CPX) completed the acquisition of 50.15% stake in Frederickson Power LP from Atlantic Power Limited Partnership on December 28, 2023.