Capital Power Buys Into $1.4B Enmax Power Project

Law360, New York (December 6, 2012, 7:02 PM EST) -- Capital Power Corp. has purchased a 50 percent stake in the biggest natural gas-fired power project in western Canada, the CA$1.4 billion (US$1.41 billion) Shepard Energy Centre that provincial utility Enmax Corp. is developing in Alberta, the companies announced on Thursday.

The parties will build, own and operate the Shepard Energy Centre, which is being built in Calgary, Alberta, under a 50-50 joint venture agreement. Edmonton, Alberta-based energy developer Capital Power will end up investing $860 million in the project once its interest in construction —...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.