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Canadian Utilities sells Canadian generation business

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World Coal,


Canadian Utilities Limited, an ATCO company, has completed the previously announced sale of its Canadian fossil fuel-based electricity generation portfolio in a series of three transactions.

“With the completion of these transactions, we are well positioned to capture new opportunities for growth at home and abroad,” said Siegfried Kiefer, President & Chief Executive Officer, 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.”

On 30 September, Canadian Utilities completed the sale of 10 partly or fully-owned natural gas-fired and coal-fired electricity generation assets in Alberta and British Columbia with a combined generating capacity of approximately 1800 MW, to Heartland Generation Ltd., an affiliate of Energy Capital Partners.

Read the article online at: https://www.worldcoal.com/power/01102019/canadian-utilities-sells-canadian-generation-business/

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