MidAmerican, TransAlta Ink 50-50 Power Development Deal

Law360, New York (October 26, 2012, 9:16 PM EDT) -- MidAmerican Energy Holdings Co. has struck a deal with TransAlta Corp. to jointly fund any natural gas-fired power projects either decides to build or buy in Canada, a projected $200 billion market for new generating capacity, the parties announced Friday.

Under the agreement, the partners will split all acquisition and development costs down the middle, with TransAlta responsible for construction management, operation and maintenance of the projects, according to a joint statement from the companies.

“At MidAmerican, we have been seeking an entry point to the...
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