EPCOR created Capital Power as a new IPO for the purpose of selling its power assets. As a stand alone company, Capital Power will have better access to capital and be in a better position to manage and develop power assets.
Capital Power raised approximately $500 million through the sale of stock issued in the IPO. The proceeds were used to fund the acquisition the EPCOR power assets.
Tag Archive | "EPCOR"
Capital Power Purchases EPCOR Power Assets
Posted on 22 January 2010
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